ProAssurance (PRA) Earning Somewhat Positive News Coverage, Report Finds

News coverage about ProAssurance (NYSE:PRA) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ProAssurance earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 47.8171130808333 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of PRA stock traded up $0.35 on Friday, hitting $48.35. 195,000 shares of the stock traded hands, compared to its average volume of 343,751. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 23.72 and a beta of 0.62. ProAssurance has a twelve month low of $34.95 and a twelve month high of $63.45.

ProAssurance (NYSE:PRA) last announced its quarterly earnings results on Tuesday, August 7th. The insurance provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.09. ProAssurance had a net margin of 9.67% and a return on equity of 6.14%. The firm had revenue of $248.02 million for the quarter, compared to analysts’ expectations of $219.98 million. During the same quarter in the previous year, the company posted $0.40 EPS. equities research analysts predict that ProAssurance will post 1.83 EPS for the current year.

A number of research firms have issued reports on PRA. ValuEngine raised shares of ProAssurance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Boenning Scattergood reaffirmed a “hold” rating on shares of ProAssurance in a report on Friday, May 4th. Zacks Investment Research raised shares of ProAssurance from a “strong sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $44.00 target price on shares of ProAssurance in a report on Thursday, August 9th. Eight investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $53.25.

In related news, Director Magnus James Gorrie bought 2,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were bought at an average price of $39.20 per share, with a total value of $78,400.00. Following the completion of the transaction, the director now directly owns 14,231 shares of the company’s stock, valued at approximately $557,855.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

About ProAssurance

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation, and Lloyd's Syndicate segments. It offers professional liability insurance for healthcare professionals and facilities; professional liability insurance for attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance for employers, groups, and associations.

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Insider Buying and Selling by Quarter for ProAssurance (NYSE:PRA)

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