ProAssurance Corp. (PRA) Plans Quarterly Dividend of $0.25
ProAssurance Corp. (NYSE:PRA) announced a quarterly dividend on Wednesday, September 11th, StockRatingsNetwork reports. Investors of record on Friday, September 27th will be paid a dividend of $0.25 per share on Sunday, November 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.13%.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of ProAssurance Corp. (NYSE:PRA) in a research note to investors on Monday. They now have a $54.00 price target on the stock. On a related note, analysts at Sandler O’Neill cut their price target on shares of ProAssurance Corp. (NYSE:PRA) from $55.00 to $49.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at SunTrust downgraded shares of ProAssurance Corp. (NYSE:PRA) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, September 5th. They now have a $52.00 price target on the stock, down previously from $58.00.
Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.67.
ProAssurance Corp. (NYSE:PRA) traded up 0.41% during mid-day trading on Wednesday, hitting $47.02. 220,796 shares of the company’s stock traded hands. ProAssurance Corp. has a one year low of $41.80 and a one year high of $55.44. The stock has a 50-day moving average of $49.90 and a 200-day moving average of $49.75. The company has a market cap of $2.908 billion and a price-to-earnings ratio of 8.94.
ProAssurance Corp. (NYSE:PRA) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.87 by $0.15. The company had revenue of $170.80 million for the quarter, compared to the consensus estimate of $166.53 million. During the same quarter in the prior year, the company posted $1.92 earnings per share. Analysts expect that ProAssurance Corp. will post $3.58 EPS for the current fiscal year.
ProAssurance Corporation is a holding company for property and casualty insurance companies focused on professional liability insurance.
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