ProAssurance Corporation which can be found using ticker (PRA) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 30 and 21 suggesting an average Analsyt target price of $24.00. Given that the stocks previous close was at $17.73 this indicates there is a potential upside of 35.4%. It’s also worth noting that there is a 50 day moving average of $18.97 and the 200 day moving average is $20.57. The company has a market cap of $986m. Visit the company website at: https://www.proassurance.com
The potential market cap would be $1,335m based on the market consensus.
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ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers’ Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd’s Syndicates segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology and life sciences risks; and workers’ compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Lloyd’s of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
The company has a dividend yield of 1.05% with the ex dividend date set at 28-3-2023 (DMY).