ProAssurance Co. (NYSE:PRA – Free Report) – Funding analysts at Zacks Analysis upped their FY2024 earnings per share (EPS) estimates for ProAssurance in a analysis notice issued to traders on Wednesday, August twenty eighth. Zacks Analysis analyst Ok. Dey now forecasts that the insurance coverage supplier will publish earnings per share of $0.55 for the 12 months, up from their prior estimate of $0.36. The consensus estimate for ProAssurance’s present full-year earnings is $0.58 per share. Zacks Analysis additionally issued estimates for ProAssurance’s Q1 2026 earnings at $0.16 EPS.
ProAssurance (NYSE:PRA – Get Free Report) final launched its quarterly earnings outcomes on Thursday, August eighth. The insurance coverage supplier reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.15. The agency had income of $290.30 million for the quarter, in comparison with analyst estimates of $235.61 million. ProAssurance had a adverse internet margin of two.00% and a constructive return on fairness of 0.86%. The corporate’s income for the quarter was down .5% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the enterprise earned $0.16 earnings per share.
Quite a lot of different equities analysts additionally not too long ago weighed in on PRA. Truist Monetary dropped their goal worth on shares of ProAssurance from $16.00 to $14.00 and set a “maintain” score for the corporate in a analysis notice on Monday, August twelfth. JMP Securities lowered their worth goal on shares of ProAssurance from $22.00 to $20.00 and set a “market outperform” score on the inventory in a analysis notice on Wednesday, July seventeenth. Two analysis analysts have rated the inventory with a maintain score and two have issued a purchase score to the corporate. In keeping with knowledge from MarketBeat, ProAssurance has a consensus score of “Reasonable Purchase” and a median worth goal of $16.33.
Verify Out Our Newest Inventory Evaluation on ProAssurance
ProAssurance Inventory Down 0.3 %
Shares of PRA opened at $13.40 on Monday. The enterprise’s 50 day easy transferring common is $12.37 and its 200-day easy transferring common is $12.98. The corporate has a debt-to-equity ratio of 0.38, a present ratio of 0.26 and a fast ratio of 0.26. The corporate has a market capitalization of $683.56 million, a P/E ratio of -24.81 and a beta of 0.23. ProAssurance has a one 12 months low of $10.76 and a one 12 months excessive of $19.25.
Hedge Funds Weigh In On ProAssurance
Quite a lot of hedge funds and different institutional traders have not too long ago added to or lowered their stakes within the inventory. Dana Funding Advisors Inc. boosted its place in shares of ProAssurance by 33.6% through the second quarter. Dana Funding Advisors Inc. now owns 434,850 shares of the insurance coverage supplier’s inventory price $5,314,000 after buying an extra 109,253 shares within the final quarter. Susquehanna Elementary Investments LLC purchased a brand new place in ProAssurance through the second quarter price about $166,000. Smith Thornton Advisors LLC acquired a brand new place in ProAssurance within the second quarter valued at about $821,000. The Producers Life Insurance coverage Firm elevated its holdings in shares of ProAssurance by 7.8% within the second quarter. The Producers Life Insurance coverage Firm now owns 21,106 shares of the insurance coverage supplier’s inventory price $258,000 after buying an extra 1,521 shares within the final quarter. Lastly, Deerfield Administration Firm L.P. Collection C raised its place in shares of ProAssurance by 199.4% through the second quarter. Deerfield Administration Firm L.P. Collection C now owns 80,425 shares of the insurance coverage supplier’s inventory price $983,000 after buying an extra 53,560 shares through the interval. Institutional traders personal 85.58% of the corporate’s inventory.
ProAssurance Firm Profile
ProAssurance Company, by its subsidiaries, supplies property and casualty insurance coverage, and reinsurance merchandise in the US. The corporate operates by Specialty Property and Casualty, Employees’ Compensation Insurance coverage, and Segregated Portfolio Cell Reinsurance segments. It gives skilled legal responsibility insurance coverage to healthcare suppliers and establishments, and attorneys and their corporations; medical expertise legal responsibility insurance coverage to medical expertise and life sciences corporations; and customized various danger options, together with assumed reinsurance, loss portfolio transfers, and captive cell applications for healthcare skilled legal responsibility insureds.
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