ProAssurance Corporation with ticker code (PRA) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 30 and 24 and has a mean target at 27.33. With the stocks previous close at 23.58 this is indicating there is a potential upside of 15.9%. There is a 50 day moving average of 22.66 and the 200 moving average now moves to 23.99. The market cap for the company is $1,283m. Company Website: https://www.proassurance.com
The potential market cap would be $1,487m based on the market concensus.
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 Syndicate 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 sales force. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
