ProAssurance Corporation with ticker code (PRA) have now 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 30 and 20 with the average target price sitting at $24.00. Given that the stocks previous close was at $18.56 this would indicate that there is a potential upside of 29.3%. It’s also worth noting that there is a 50 day moving average of $18.69 while the 200 day moving average is $19.99. The total market capitalization for the company now stands at $999m. Find out more information at: https://www.proassurance.com
The potential market cap would be $1,292m based on the market consensus.
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 1.08% with the ex dividend date set at 28-3-2023 (DMY).
