Wall Street analysts predict that ProAssurance Corporation (NYSE:PRA) will report $0.47 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for ProAssurance Corporation’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.44. ProAssurance Corporation reported earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The company is expected to announce its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that ProAssurance Corporation will report full-year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.10 to $2.15. For the next financial year, analysts expect that the company will post earnings of $2.07 per share, with EPS estimates ranging from $1.95 to $2.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for ProAssurance Corporation.

ProAssurance Corporation (NYSE:PRA) last posted its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $205.58 million during the quarter, compared to the consensus estimate of $207.14 million. ProAssurance Corporation had a net margin of 16.80% and a return on equity of 6.59%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share.

A number of brokerages recently commented on PRA. Buckingham Research began coverage on ProAssurance Corporation in a research report on Monday, September 11th. They issued a “neutral” rating and a $54.00 price objective for the company. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance Corporation in a research report on Tuesday, August 8th. Zacks Investment Research lowered ProAssurance Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub lowered ProAssurance Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Keefe, Bruyette & Woods began coverage on ProAssurance Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $61.00 price objective for the company. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.00.

In other ProAssurance Corporation news, insider Jeffrey Patton Lisenby sold 6,171 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $61.57, for a total transaction of $379,948.47. Following the transaction, the insider now owns 44,238 shares in the company, valued at $2,723,733.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Howard H. Friedman bought 2,000 shares of ProAssurance Corporation stock in a transaction on Wednesday, August 9th. The shares were bought at an average price of $55.00 per share, for a total transaction of $110,000.00. Following the acquisition, the insider now owns 259,573 shares of the company’s stock, valued at approximately $14,276,515. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 7,000 shares of company stock valued at $383,125. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of PRA. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ProAssurance Corporation by 8.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,067 shares of the insurance provider’s stock worth $126,000 after buying an additional 161 shares during the last quarter. First Quadrant L P CA boosted its holdings in ProAssurance Corporation by 124.1% during the second quarter. First Quadrant L P CA now owns 2,465 shares of the insurance provider’s stock worth $150,000 after buying an additional 1,365 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in ProAssurance Corporation by 55.3% during the second quarter. Flinton Capital Management LLC now owns 2,560 shares of the insurance provider’s stock worth $156,000 after buying an additional 912 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in ProAssurance Corporation by 60.8% during the second quarter. Riverhead Capital Management LLC now owns 2,895 shares of the insurance provider’s stock worth $176,000 after buying an additional 1,095 shares during the last quarter. Finally, Pacad Investment Ltd. boosted its holdings in ProAssurance Corporation by 47.6% during the second quarter. Pacad Investment Ltd. now owns 3,100 shares of the insurance provider’s stock worth $188,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.

Shares of ProAssurance Corporation (PRA) opened at 55.05 on Thursday. The company has a 50-day moving average of $53.89 and a 200 day moving average of $58.31. ProAssurance Corporation has a 12-month low of $50.50 and a 12-month high of $63.53. The firm has a market cap of $2.94 billion, a P/E ratio of 19.67 and a beta of 0.54.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.24 dividend on an annualized basis and a yield of 2.25%. ProAssurance Corporation’s payout ratio is 44.60%.

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ProAssurance Corporation Company Profile

ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides 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.

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Earnings History and Estimates for ProAssurance Corporation (NYSE:PRA)

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