Media headlines about ProAssurance Corporation (NYSE:PRA) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ProAssurance Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 79 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- With Shares Trading up at $60.55 (PRA) ProAssurance Corporation Announces Dates… (highlightpress.com)
- ProAssurance Corporation Announces Dates for Second Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
- Jeffrey Patton Lisenby Sells 6,171 Shares of ProAssurance Corporation (NYSE:PRA) Stock (americanbankingnews.com)
- ProAssurance Grows on Buyouts, Financial Health Strengthens (finance.yahoo.com)
- Insider Selling: ProAssurance Corporation (NYSE:PRA) Insider Sells 4,829 Shares of Stock (americanbankingnews.com)
ProAssurance Corporation (NYSE:PRA) traded up 2.32% during mid-day trading on Friday, reaching $61.75. 129,289 shares of the company’s stock traded hands. ProAssurance Corporation has a 12 month low of $50.50 and a 12 month high of $63.53. The stock has a market cap of $3.30 billion, a P/E ratio of 19.06 and a beta of 0.50. The company has a 50 day moving average price of $59.59 and a 200-day moving average price of $58.72.
ProAssurance Corporation (NYSE:PRA) last issued its quarterly earnings data on Thursday, May 4th. The insurance provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. ProAssurance Corporation had a return on equity of 7.19% and a net margin of 19.25%. The business had revenue of $223 million for the quarter, compared to analysts’ expectations of $211.53 million. During the same period last year, the business earned $0.46 EPS. The business’s revenue was up 15.3% on a year-over-year basis. On average, analysts anticipate that ProAssurance Corporation will post $2.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Tuesday, June 27th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, June 23rd. ProAssurance Corporation’s dividend payout ratio (DPR) is presently 38.39%.
PRA has been the topic of a number of research reports. Zacks Investment Research raised shares of ProAssurance Corporation from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Tuesday, May 30th. BidaskClub raised shares of ProAssurance Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of ProAssurance Corporation in a research report on Monday, April 17th.
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In other news, insider Jeffrey Patton Lisenby sold 4,829 shares of ProAssurance Corporation stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $61.60, for a total transaction of $297,466.40. Following the sale, the insider now directly owns 50,836 shares in the company, valued at approximately $3,131,497.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Lewis Rand, Jr. sold 13,845 shares of ProAssurance Corporation stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $60.41, for a total value of $836,376.45. Following the sale, the insider now owns 117,079 shares in the company, valued at $7,072,742.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,000 shares of company stock worth $1,703,438. Company insiders own 2.00% of the company’s stock.
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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