
ProAssurance Corporation (NYSE:PRA – Free Report) – Equities research analysts at DOWLING & PARTN issued their FY2026 earnings estimates for shares of ProAssurance in a report issued on Wednesday, May 20th. DOWLING & PARTN analyst N. Iacoviello anticipates that the insurance provider will earn $1.25 per share for the year. The consensus estimate for ProAssurance’s current full-year earnings is $1.09 per share.
ProAssurance (NYSE:PRA – Get Free Report) last issued its earnings results on Tuesday, May 5th. The insurance provider reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $262.63 million during the quarter, compared to the consensus estimate of $216.86 million. ProAssurance had a net margin of 5.99% and a return on equity of 6.82%. ProAssurance’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS.
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ProAssurance Trading Down 0.5%
Shares of ProAssurance stock opened at $24.50 on Thursday. The company has a market capitalization of $1.26 billion, a P/E ratio of 19.60 and a beta of 0.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27. The company has a fifty day moving average of $24.60 and a 200 day moving average of $24.36. ProAssurance has a fifty-two week low of $22.72 and a fifty-two week high of $24.85.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PRA. AQR Capital Management LLC boosted its holdings in shares of ProAssurance by 40.4% during the 1st quarter. AQR Capital Management LLC now owns 134,641 shares of the insurance provider’s stock valued at $3,144,000 after purchasing an additional 38,756 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ProAssurance by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,293 shares of the insurance provider’s stock valued at $707,000 after purchasing an additional 1,302 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of ProAssurance by 181.5% during the 1st quarter. Millennium Management LLC now owns 306,540 shares of the insurance provider’s stock valued at $7,158,000 after purchasing an additional 197,663 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of ProAssurance during the 1st quarter valued at about $600,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of ProAssurance by 47.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 511,759 shares of the insurance provider’s stock valued at $11,950,000 after purchasing an additional 165,024 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.
ProAssurance Company Profile
ProAssurance Corporation is a specialty property and casualty insurance holding company headquartered in Birmingham, Alabama. The company focuses primarily on professional liability coverage for healthcare providers, including physicians, surgeons, dentists and allied health professionals. ProAssurance operates through a group of insurance subsidiaries that underwrite both occurrence- and claims-made policies tailored to the unique risks faced by the medical community.
In addition to professional liability insurance, ProAssurance offers a suite of complementary property and casualty products, such as general liability, workers’ compensation, property and inland marine, and umbrella coverage.
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