Media headlines about ProAssurance (NYSE:PRA) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ProAssurance earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.5456405466497 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
PRA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of ProAssurance from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Friday, January 5th. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a report on Thursday, February 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 target price on shares of ProAssurance in a report on Tuesday, February 27th. TheStreet cut shares of ProAssurance from a “b” rating to a “c+” rating in a report on Friday, March 9th. Finally, Raymond James Financial upgraded shares of ProAssurance from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $57.33.
Shares of PRA stock traded down $0.20 on Thursday, hitting $48.55. The company’s stock had a trading volume of 188,019 shares, compared to its average volume of 216,359. 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 has a fifty-two week low of $46.90 and a fifty-two week high of $63.45. The company has a market capitalization of $2,592.67, a PE ratio of 24.40 and a beta of 0.59.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.24 dividend on an annualized basis and a yield of 2.55%. ProAssurance’s payout ratio is 62.31%.
In other ProAssurance news, Chairman William Stancil Starnes sold 2,442 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $55.00, for a total transaction of $134,310.00. Following the sale, the chairman now directly owns 324,895 shares in the company, valued at $17,869,225. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 39,074 shares of company stock worth $2,149,329 over the last quarter. Corporate insiders own 1.80% of the company’s stock.
WARNING: This piece of content was originally published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://baseballnewssource.com/2018/03/29/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-proassurance-pra-stock-price/1971530.html.
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.
Receive News & Ratings for ProAssurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProAssurance and related companies with MarketBeat.com's FREE daily email newsletter.