PRA Stock Summary and Trading Ideas (Proassurance | NYSE:PRA)

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 April 24, 2024, PRA stock price climbed to $13.97 with 229,445 million shares trading.

PRA has a beta of 0.07, 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 $712.04 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 has underperformed the market in the last year with a return of -24.4%, while the SPY ETF gained +24.2%. In the last 3 month period, PRA fell short of the market, returning +1.3%, while SPY returned +4.6%. However, in the most recent 2 weeks PRA has outperformed the stock market by returning +3.6%, while SPY returned -2.7%.

PRA support price is $13.40 and resistance is $14.08 (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.