Proassurance Stock Today
| PRA Stock | USD 13.08 0.21 1.63% |
Performance0 of 100
| Odds Of DistressLess than 34
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ProAssurance is trading at 13.08 as of the 19th of April 2024, a 1.63 percent increase since the beginning of the trading day. The stock's open price was 12.87. ProAssurance has about a 34 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for ProAssurance are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Insurance | IPO Date 4th of September 1991 | Category Financial Services | Classification Financials |
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company was founded in 1976 and is headquartered in Birmingham, Alabama. Pro-Assurance Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. The company has 54.07 M outstanding shares of which 568.16 K shares are at this time shorted by investors with about 1.71 days to cover. More on ProAssurance
Moving against ProAssurance Stock
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| 0.42 | CB | Chubb Earnings Call This Week | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
ProAssurance Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ProAssurance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ProAssurance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Edward Rand | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [PRAKTIKER, PRAKTIKER, PRAKTIKER - Dusseldorf Stock Exchang, PRAKTIKER - Hanover Stock Exchang, PRAKTIKER, PRAKTIKER (PRA.SG), Praktiker AG] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Property & Casualty Insurance, Insurance - Property & Casualty, Financial Services, NYSE Composite, SP Small-Cap 600, Financials, Insurance, Insurance—Property & Casualty, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering ProAssurance report their recommendations after researching ProAssurance's financial statements, talking to executives and customers, or listening in on ProAssurance's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering ProAssurance. The ProAssurance consensus assessment is calculated by taking the average forecast from all of the analysts covering ProAssurance. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from ProAssurance's historical financial statements, ProAssurance is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. Financial strength of ProAssurance is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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ProAssurance's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ProAssurance's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ProAssurance's financial leverage. It provides some insight into what part of ProAssurance's total assets is financed by creditors.
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ProAssurance (PRA) is traded on New York Stock Exchange in USA. It is located in 100 Brookwood Place, Birmingham, AL, United States, 35209 and employs 1,094 people. ProAssurance is listed under Property & Casualty Insurance category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 693.16 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ProAssurance's market, we take the total number of its shares issued and multiply it by ProAssurance's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ProAssurance runs under Insurance sector within Financials industry. The entity has 54.07 M outstanding shares of which 568.16 K shares are at this time shorted by investors with about 1.71 days to cover.
ProAssurance has about 29.96 M in cash with (49.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.52.
Check ProAssurance Probability Of Bankruptcy
Ownership AllocationProAssurance owns a total of 54.07 Million outstanding shares. The majority of ProAssurance outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in ProAssurance to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in ProAssurance. Please pay attention to any change in the institutional holdings of ProAssurance as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check ProAssurance Ownership Details
ProAssurance Stock Price Odds Analysis
What are ProAssurance's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of ProAssurance jumping above the current price in 90 days from now is about 37.16%. The ProAssurance probability density function shows the probability of ProAssurance stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.1652 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ProAssurance will likely underperform. Additionally, proAssurance has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ProAssurance to move above the current price in 90 days from now is about 37.16 (This ProAssurance probability density function shows the probability of ProAssurance Stock to fall within a particular range of prices over 90 days) .
ProAssurance Stock Institutional Holders
Institutional Holdings refers to the ownership stake in ProAssurance that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ProAssurance's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ProAssurance's value.| Instituion | Recorded On | Shares | |
| Ameriprise Financial Inc | 2023-12-31 | 850.5 K | |
| Renaissance Technologies Corp | 2023-12-31 | 745.7 K | |
| Amvescap Plc. | 2023-12-31 | 639.7 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 622.3 K | |
| Northern Trust Corp | 2023-12-31 | 563.5 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 548.5 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 517.4 K | |
| Third Avenue Management Llc | 2023-12-31 | 443.6 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 419.8 K | |
| Blackrock Inc | 2023-12-31 | 7.5 M | |
| Vanguard Group Inc | 2023-12-31 | 5.8 M |
ProAssurance Historical Income Statement
ProAssurance Income Statement is one of the three primary financial statements used for reporting ProAssurance's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ProAssurance revenue and expense. ProAssurance Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, ProAssurance's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 317.5 M, whereas Depreciation And Amortization is forecasted to decline to about 22.2 M. View More FundamentalsProAssurance Stock Against Markets
Picking the right benchmark for ProAssurance stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ProAssurance stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ProAssurance is critical whether you are bullish or bearish towards ProAssurance at a given time. Please also check how ProAssurance's historical prices are related to one of the top price index indicators.
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ProAssurance Corporate Directors
ProAssurance corporate directors refer to members of a ProAssurance board of directors. The board of directors generally takes responsibility for the ProAssurance's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ProAssurance's board members must vote for the resolution. The ProAssurance board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ann Putallaz | Independent Director | Profile | |
| Samuel Piazza | Independent Director | Profile | |
| Frank Spinosa | Independent Director | Profile | |
| Katisha Vance | Independent Director | Profile |
How to buy ProAssurance Stock?
Before investing in ProAssurance, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ProAssurance. To buy ProAssurance stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ProAssurance. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ProAssurance stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ProAssurance stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ProAssurance stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ProAssurance, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ProAssurance Stock please use our How to Invest in ProAssurance guide.
Already Invested in ProAssurance?
The danger of trading ProAssurance is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ProAssurance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ProAssurance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ProAssurance is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ProAssurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProAssurance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proassurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Proassurance Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProAssurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running ProAssurance's price analysis, check to measure ProAssurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ProAssurance is operating at the current time. Most of ProAssurance's value examination focuses on studying past and present price action to predict the probability of ProAssurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProAssurance's price. Additionally, you may evaluate how the addition of ProAssurance to your portfolios can decrease your overall portfolio volatility.
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Is ProAssurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ProAssurance. If investors know ProAssurance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ProAssurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.52) | Earnings Share (0.73) | Revenue Per Share 21.66 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0036 |
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.