ProAssurance (PRA) Receives Daily News Impact Score of 0.22

Media headlines about ProAssurance (NYSE:PRA) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ProAssurance earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.1010694909622 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s rankings:

Shares of ProAssurance (NYSE PRA) traded down $0.45 during midday trading on Wednesday, reaching $49.80. 206,896 shares of the company were exchanged, compared to its average volume of 214,818. The firm has a market capitalization of $2,670.18, a PE ratio of 25.03 and a beta of 0.59. ProAssurance has a 52-week low of $46.90 and a 52-week high of $63.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.46 and a current ratio of 0.46.

ProAssurance (NYSE:PRA) last posted its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.07). ProAssurance had a return on equity of 6.11% and a net margin of 12.38%. The firm had revenue of $209.12 million for the quarter, compared to the consensus estimate of $217.03 million. During the same period last year, the company posted $0.83 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. analysts forecast that ProAssurance will post 1.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Thursday, March 29th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.24 annualized dividend and a dividend yield of 2.49%. ProAssurance’s dividend payout ratio (DPR) is presently 62.31%.

Several research firms have commented on PRA. TheStreet cut shares of ProAssurance from a “b” rating to a “c+” rating in a research report on Friday, March 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 price target on shares of ProAssurance in a research report on Tuesday, February 27th. Zacks Investment Research downgraded shares of ProAssurance from a “hold” rating to a “strong sell” rating in a research report on Monday, February 26th. Boenning Scattergood restated a “hold” rating on shares of ProAssurance in a report on Thursday, February 22nd. Finally, Raymond James Financial upgraded shares of ProAssurance from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $57.33.

In related news, Chairman William Stancil Starnes sold 10,736 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $55.00, for a total value of $590,480.00. Following the transaction, the chairman now directly owns 267,036 shares in the company, valued at $14,686,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 39,074 shares of company stock worth $2,149,329 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

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ProAssurance 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.

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

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