Media stories about ProAssurance Corporation (NYSE:PRA) have been trending somewhat positive on Monday, Alpha One Sentiment reports. The research firm, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ProAssurance Corporation earned a coverage optimism score of 0.15 on Alpha One’s scale. Alpha One also assigned news stories 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 company’s share price in the next several days.
Here are some of the media headlines that may have effected Alpha One’s rankings:
- ProAssurance Corporation : Moves Higher on Volume Spike for June 16 (4-traders.com)
- ProAssurance Corporation (PRA) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- Brokerages Anticipate ProAssurance Corporation (PRA) to Announce $0.54 Earnings Per Share (americanbankingnews.com)
- ProAssurance Corp. – Value Analysis (NYSE:PRA) : June 13, 2017 (finance.yahoo.com)
ProAssurance Corporation (PRA) traded down 0.08% during trading on Monday, hitting $61.40. The stock had a trading volume of 162,023 shares. The firm has a market cap of $3.28 billion, a PE ratio of 18.96 and a beta of 0.50. ProAssurance Corporation has a 52 week low of $50.50 and a 52 week high of $63.53. The company’s 50-day moving average is $59.65 and its 200 day moving average is $58.57.
ProAssurance Corporation (NYSE:PRA) last released its earnings results on Thursday, May 4th. The insurance provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.08. The firm had revenue of $223 million for the quarter, compared to analyst estimates of $211.53 million. ProAssurance Corporation had a return on equity of 7.19% and a net margin of 19.25%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Equities analysts expect that ProAssurance Corporation will post $2.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Tuesday, June 27th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, June 23rd. ProAssurance Corporation’s dividend payout ratio (DPR) is currently 38.39%.
Several equities analysts have recently commented on PRA shares. Zacks Investment Research cut ProAssurance Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, February 28th. BidaskClub upgraded ProAssurance Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Boenning Scattergood reiterated a “neutral” rating on shares of ProAssurance Corporation in a research note on Monday, April 17th.
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About ProAssurance Corporation
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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