ProAssurance (NYSE:PRA) issued its earnings results on Sunday. The insurance provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05, MarketWatch Earnings reports. The company had revenue of $229.60 million during the quarter, compared to analysts’ expectations of $210.54 million. ProAssurance had a negative return on equity of 6.92% and a negative net margin of 27.87%. ProAssurance’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.27) EPS.
NYSE PRA opened at $23.90 on Tuesday. ProAssurance has a fifty-two week low of $12.67 and a fifty-two week high of $32.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a 50 day simple moving average of $20.29 and a two-hundred day simple moving average of $16.96. The stock has a market cap of $1.29 billion, a P/E ratio of -5.16 and a beta of 0.26.
Several equities research analysts recently weighed in on PRA shares. Boenning Scattergood restated a “neutral” rating on shares of ProAssurance in a report on Tuesday, January 26th. Zacks Investment Research upgraded ProAssurance from a “sell” rating to a “hold” rating and set a $23.00 target price for the company in a report on Thursday, February 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. ProAssurance has an average rating of “Hold” and a consensus target price of $22.00.
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through five segments: Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate.
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