ProAssurance Stock Rating Reaffirmed by Zacks (PRA)
ProAssurance (NYSE:PRA)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Wednesday. They currently have a $46.00 price objective on the stock. Zacks‘s target price would indicate a potential upside of 5.07% from the stock’s previous close.
ProAssurance (NYSE:PRA) traded down 1.20% during mid-day trading on Wednesday, hitting $43.2525. 149,232 shares of the company’s stock traded hands. ProAssurance has a 52 week low of $42.29 and a 52 week high of $50.79. The stock’s 50-day moving average is $44.58 and its 200-day moving average is $44.88. The company has a market cap of $2.568 billion and a price-to-earnings ratio of 11.70.
ProAssurance (NYSE:PRA) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.69 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.69. The company had revenue of $222.50 million for the quarter, compared to the consensus estimate of $177.24 million. During the same quarter last year, the company posted $0.72 earnings per share. ProAssurance’s revenue was up 30.3% compared to the same quarter last year. Analysts expect that ProAssurance will post $3.08 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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