ProAssurance (NYSE:PRA) announced its earnings results on Sunday. The insurance provider reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05, MarketWatch Earnings reports. The company had revenue of $229.60 million during the quarter, compared to the consensus estimate of $210.54 million. ProAssurance had a negative net margin of 27.87% and a negative return on equity of 6.92%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.27) earnings per share.
Shares of PRA traded up $0.59 during trading hours on Tuesday, hitting $24.49. The company’s stock had a trading volume of 23,461 shares, compared to its average volume of 255,929. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -5.28 and a beta of 0.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.46 and a quick ratio of 0.46. The business has a 50 day simple moving average of $20.29 and a two-hundred day simple moving average of $16.96. ProAssurance has a 52-week low of $12.67 and a 52-week high of $32.37.
PRA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of 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. Boenning Scattergood restated a “neutral” rating on shares of ProAssurance in a report on Tuesday, January 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently 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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