Press coverage about ProAssurance (NYSE:PRA) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ProAssurance earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 45.5456405466497 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
ProAssurance (NYSE:PRA) opened at $49.10 on Wednesday. ProAssurance has a 52-week low of $46.90 and a 52-week high of $63.45. The firm has a market cap of $2,533.86, a P/E ratio of 24.67 and a beta of 0.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.46 and a current ratio of 0.46.
ProAssurance (NYSE:PRA) last released its earnings results on Wednesday, February 21st. The insurance provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.07). The company had revenue of $209.12 million for the quarter, compared to the consensus estimate of $217.03 million. ProAssurance had a net margin of 12.38% and a return on equity of 6.11%. The firm’s revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share. sell-side analysts anticipate that ProAssurance will post 1.93 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on PRA shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $61.00 target price on shares of ProAssurance in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of ProAssurance from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Wednesday, December 13th. Boenning Scattergood reissued a “hold” rating on shares of ProAssurance in a research report on Tuesday, November 7th. Finally, Raymond James Financial raised shares of ProAssurance from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.33.
In related news, CEO William Stancil Starnes sold 25,896 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $55.01, for a total transaction of $1,424,538.96. Following the sale, the chief executive officer now directly owns 277,772 shares in the company, valued at approximately $15,280,237.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 39,074 shares of company stock worth $2,149,329 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, liability insurance for medical technology and life sciences risks, and workers’ compensation insurance.