ProAssurance Corporation with ticker code (PRA) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 30 and 27 with a mean TP of 28.33. Now with the previous closing price of 23.63 this now indicates there is a potential upside of 19.9%. The 50 day moving average now sits at 24.3 and the 200 day MA is 23.79. The company has a market cap of $1,284m. Visit the company website at: https://www.proassurance.com
The potential market cap would be $1,539m 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 employers, groups, and associations. The company also participates in Lloyd’s of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance; and Syndicate 6131 that underwrites contingency and specialty property insurance. ProAssurance Corporation 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.
