No headlines found.
Business Wire (Mon, 8-Apr 4:30 PM ET)
ProAssurance Reports Results for Fourth Quarter 2023
Business Wire (Tue, 27-Feb 4:15 PM ET)
ProAssurance Corp is a holding company for property and casualty insurance companies. The company's wholly-owned insurance subsidiaries provide professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, and workers' compensation insurance. ProAssurance reports operating results in five segments: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. ProAssurance generates the vast majority of its revenue from its Specialty P&C activities, followed by Worker's Compensation.
Proassurance trades on the NYSE stock market under the symbol PRA.
As of May 6, 2024, PRA stock price climbed to $14.04 with 18,913 million shares trading.
PRA has a beta of 0.12, meaning it tends to be less sensitive to market movements. PRA has a correlation of 0.00 to the broad based SPY ETF.
PRA has a market cap of $715.61 million. This is considered a Small Cap stock.
Last quarter Proassurance reported $247 million in Revenue and -$.05 earnings per share. This beat revenue expectation by $14 million and missed earnings estimates by -$.11.
In the last 3 years, PRA stock traded as high as $27.55 and as low as $11.76.
The top ETF exchange traded funds that PRA belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
PRA stock has underperformed the market in the last year with a return of -22.7%, while SPY returned +27.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PRA shares. However, PRA has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and +4.9%, while SPY returned +4.4% and +3.9%, respectively. This indicates PRA has been having a stronger performance recently.
PRA support price is $13.46 and resistance is $14.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRA stock will trade within this expected range on the day.