ProAssurance Co. Announces Quarterly Dividend of $0.30 (PRA)
ProAssurance (NYSE:PRA) announced a quarterly dividend on Wednesday, September 3rd, StockRatingsNetwork reports. Investors of record on Friday, September 26th will be paid a dividend of 0.30 per share on Thursday, October 9th. This represents a $1.20 annualized dividend and a dividend yield of 2.60%.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of ProAssurance from $48.00 to $46.00 in a research note on Thursday, August 7th. They now have a “market perform” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ProAssurance in a research note on Wednesday, August 6th. They now have a $46.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $46.75.
Shares of ProAssurance (NYSE:PRA) traded down 0.77% on Wednesday, hitting $46.22. 150,775 shares of the company’s stock traded hands. ProAssurance has a 52-week low of $42.29 and a 52-week high of $49.53. The stock has a 50-day moving average of $44.93 and a 200-day moving average of $44.82. The company has a market cap of $2.696 billion and a P/E ratio of 12.37.
ProAssurance (NYSE:PRA) last announced its earnings results on Tuesday, August 5th. The company reported $0.69 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 30.3% on a year-over-year basis. On average, analysts predict that ProAssurance will post $3.12 earnings per share for the current fiscal year.
In other ProAssurance news, Director Piazza Samuel A. Jr. Di acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was purchased at an average price of $45.84 per share, with a total value of $229,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
ProAssurance Corporation is a holding company for property and casualty insurance companies focused on professional liability insurance.
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