Last 7 days
-0.5%
Last 30 days
14.0%
Last 90 days
8.5%
Trailing 12 Months
12.1%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 1.1B | 0 | 0 | 0 |
2023 | 1.1B | 1.1B | 1.1B | 1.1B |
2022 | 1.2B | 1.2B | 1.1B | 1.1B |
2021 | 898.3M | 958.1M | 1.0B | 1.1B |
2020 | 927.7M | 909.8M | 894.8M | 874.9M |
2019 | 953.9M | 937.3M | 929.9M | 999.8M |
2018 | 844.2M | 894.8M | 915.7M | 886.0M |
2017 | 899.8M | 890.6M | 894.7M | 866.1M |
2016 | 757.6M | 769.0M | 818.4M | 870.2M |
2015 | 852.1M | 833.1M | 804.2M | 772.1M |
2014 | 753.3M | 804.9M | 827.2M | 852.3M |
2013 | 730.3M | 737.2M | 742.7M | 740.2M |
2012 | 723.8M | 712.8M | 726.8M | 715.9M |
2011 | 701.7M | 715.0M | 695.9M | 716.8M |
2010 | 705.7M | 691.9M | 690.5M | 692.1M |
2009 | 0 | 602.3M | 637.5M | 672.7M |
2008 | 0 | 0 | 0 | 567.2M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 06, 2024 | lisenby jeffrey patton | sold (taxes) | -66,855 | 12.36 | -5,409 | executive vice-president |
Mar 06, 2024 | dishart noreen | acquired | 75,976 | 12.36 | 6,147 | executive vp/chief hr officer |
Mar 06, 2024 | francis robert david | sold (taxes) | -54,173 | 12.36 | -4,383 | pres healthcare pro. liability |
Mar 06, 2024 | shook kevin merrick | sold (taxes) | -66,917 | 12.36 | -5,414 | president of a subsidiary |
Mar 06, 2024 | francis robert david | acquired | 127,765 | 12.36 | 10,337 | pres healthcare pro. liability |
Mar 06, 2024 | dishart noreen | sold (taxes) | -29,540 | 12.36 | -2,390 | executive vp/chief hr officer |
Mar 06, 2024 | hendricks dana s | sold (taxes) | -61,849 | 12.36 | -5,004 | chief financial officer |
Mar 06, 2024 | hendricks dana s | acquired | 137,072 | 12.36 | 11,090 | chief financial officer |
Mar 06, 2024 | rand edward lewis jr | acquired | 466,405 | 12.36 | 37,735 | president & ceo |
Mar 06, 2024 | rand edward lewis jr | sold (taxes) | -197,439 | 12.36 | -15,974 | president & ceo |
Which funds bought or sold PRA recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | COMERICA BANK | reduced | -9.71 | -50,929 | 271,385 | -% |
May 16, 2024 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -7.25 | -102,346 | 655,346 | -% |
May 16, 2024 | JANE STREET GROUP, LLC | reduced | -17.38 | -92,351 | 310,055 | -% |
May 15, 2024 | SHERBROOKE PARK ADVISERS LLC | new | - | 231,763 | 231,763 | 0.04% |
May 15, 2024 | AMERIPRISE FINANCIAL INC | added | 3.79 | -375,988 | 11,352,800 | -% |
May 15, 2024 | JACOBS LEVY EQUITY MANAGEMENT, INC | reduced | -0.8 | -564,139 | 6,967,410 | 0.03% |
May 15, 2024 | DARK FOREST CAPITAL MANAGEMENT LP | new | - | 219,070 | 219,070 | 0.04% |
May 15, 2024 | Nebula Research & Development LLC | new | - | 187,653 | 187,653 | 0.04% |
May 15, 2024 | Point72 Asia (Singapore) Pte. Ltd. | new | - | 200,963 | 200,963 | 0.05% |
May 15, 2024 | Engineers Gate Manager LP | added | 56.55 | 216,412 | 686,968 | 0.02% |
Unveiling ProAssurance Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to ProAssurance Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
ARGO | 1.1T | 1.3B | -5.4K | 851.43 | ||||
AJG | 56.3B | 10.6B | 51.57 | 5.3 | ||||
AIG | 53.5B | 48.4B | 11.07 | 1.1 | ||||
TRV | 50.3B | 42.9B | 16.03 | 1.17 | ||||
AFL | 50.2B | 19.3B | 9.39 | 2.6 | ||||
ACGL | 37.9B | 14.4B | 7.82 | 2.63 | ||||
AFG | 11.2B | 8.0B | 12.7 | 1.4 | ||||
MID-CAP | ||||||||
UNM | 10.0B | 12.6B | 7.57 | 0.8 | ||||
AIZ | 9.1B | 11.4B | 11.93 | 0.8 | ||||
LNC | 5.1B | 11.9B | 3.78 | 0.43 | ||||
AEL | 3.9B | 3.2B | 5.55 | 1.23 | ||||
SMALL-CAP | ||||||||
BRP | 2.0B | 1.3B | -36.97 | 1.59 | ||||
AMSF | 888.4M | 308.9M | 14.4 | 2.88 | ||||
AMBC | 816.3M | 314.0M | 14.2 | 2.6 | ||||
AAME | 34.9M | 187.5M | -48.25 | 0.19 |
ProAssurance Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -4.1% | 284,697,000 | 296,959,500 | 275,747,000 | 291,831,000 | 272,675,000 | 294,708,000 | 273,083,000 | 255,825,000 | 283,072,000 | 313,065,500 | 309,700,000 | 281,628,000 | 220,017,000 | 229,601,000 | 226,897,000 | 221,742,000 | 196,701,000 | 249,465,500 | 241,874,000 | 239,621,000 | 268,875,000 |
Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33,349,000 | 34,773,000 | 37,449,000 | 32,778,000 | 34,661,000 | 33,290,000 |
EBITDA Margin | 112.7% | 0.02 | 0.01 | 0.01 | 0.05 | 0.04 | 0.05 | 0.07 | 0.09 | 0.16 | 0.18 | 0.17 | 0.02 | - | - | - | - | - | - | - | - | - |
Interest Expenses | -15.2% | 5,657,000 | 6,671,500 | 5,514,000 | 5,502,000 | 5,463,000 | 5,499,500 | 5,513,000 | 4,919,000 | 4,441,000 | 5,516,500 | 5,814,000 | 5,176,000 | 3,212,000 | 3,778,500 | 3,881,000 | 3,714,000 | 4,129,000 | 3,785,500 | 4,274,000 | 4,247,000 | 4,330,000 |
Income Taxes | -79.4% | 692,000 | 3,355,500 | -4,655,000 | 2,927,000 | -2,172,000 | 809,000 | -2,673,000 | -1,933,000 | -2,017,000 | 5,615,000 | -270,000 | -3,598,000 | 736,000 | 7,292,000 | 2,141,000 | -38,686,000 | -12,076,000 | -29,803,500 | -6,689,000 | -277,000 | 6,961,000 |
Earnings Before Taxes | -45.4% | 5,318,000 | 9,732,500 | -54,089,000 | 13,554,000 | -8,346,000 | 14,751,000 | -11,798,000 | -3,592,000 | -5,577,000 | 37,754,500 | 11,930,000 | 88,452,000 | 8,471,000 | 21,597,000 | -147,838,000 | -56,785,000 | -34,030,000 | -89,178,000 | 10,504,000 | 11,259,000 | 38,611,000 |
EBT Margin | 35.6% | -0.02 | -0.03 | -0.03 | 0.01 | -0.01 | -0.01 | 0.01 | 0.03 | 0.11 | 0.13 | 0.13 | -0.03 | - | - | - | - | - | - | - | - | - |
Net Income | 133.4% | 4,626,000 | -13,855,000 | -49,434,000 | 10,627,000 | -6,174,000 | 6,581,500 | -9,125,000 | -1,659,000 | -3,560,000 | 87,784,000 | 12,200,000 | 92,050,000 | 7,735,000 | 14,305,000 | -149,979,000 | -18,099,000 | -21,954,000 | -59,375,000 | 17,193,000 | 11,536,000 | 31,650,000 |
Net Income Margin | 19.2% | -0.04 | -0.05 | -0.03 | 0.00 | -0.01 | -0.01 | 0.07 | 0.08 | 0.16 | 0.18 | 0.12 | -0.04 | - | - | - | - | - | - | - | - | - |
Free Cashflow | -259.1% | -11,649,000 | -3,244,000 | 15,201,000 | -31,999,000 | -29,843,000 | -36,514,000 | 10,344,000 | -17,936,000 | 14,265,000 | 4,607,000 | 38,348,000 | 2,315,000 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | 0.3% | 5,650 | 5,632 | 5,645 | 5,657 | 5,748 | 5,700 | 5,796 | 5,891 | 6,059 | 6,191 | 3,545 | 6,358 | 4,675 | 4,655 | 4,692 | 4,784 | 4,731 | 4,806 | 4,824 | 4,786 | 4,717 |
Cash Equivalents | -0.8% | 65.00 | 66.00 | 62.00 | 46.00 | 56.00 | 30.00 | 41.00 | 35.00 | 72.00 | 144 | 203 | 161 | 215 | 216 | 232 | 224 | 217 | 175 | 102 | 92.00 | 72.00 |
Net PPE | -0.8% | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 31.00 | 31.00 | 31.00 | 31.00 | 30.00 | 30.00 | 31.00 | 30.00 | 31.00 | 31.00 | 31.00 |
Goodwill | 0% | 6.00 | 6.00 | 6.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 | 161 | 211 | 211 | 211 | 211 | 211 | 211 |
Liabilities | 0.4% | 4,537 | 4,520 | 4,529 | 4,538 | 4,610 | 4,596 | 4,659 | 4,721 | 4,777 | 4,763 | 4,849 | 4,934 | 3,353 | 3,306 | 3,363 | 3,309 | 3,303 | 3,294 | 3,235 | 3,205 | 3,155 |
Long Term Debt | 0.2% | 428 | 427 | 427 | 426 | 428 | 427 | 426 | 426 | 426 | 425 | 425 | 459 | 284 | 285 | 285 | 285 | 286 | 286 | 287 | 287 | 287 |
Shareholder's Equity | 0.1% | 1,113 | 1,112 | 113 | 1,120 | 1,138 | 1,104 | 178 | 1,170 | 1,282 | 1,428 | 3,315 | 1,424 | 1,321 | 1,349 | 1,330 | 1,474 | 1,428 | 1,512 | 1,589 | 1,582 | 1,562 |
Retained Earnings | 0.3% | 1,387 | 1,382 | 1,376 | 1,425 | 1,414 | 1,423 | 1,412 | 1,424 | 1,428 | 1,434 | 1,405 | 1,396 | 1,306 | 1,301 | 1,290 | 1,442 | 1,463 | 1,506 | 1,582 | 1,581 | 1,586 |
Additional Paid-In Capital | -0.3% | 402 | 404 | 402 | 401 | 398 | 398 | 397 | 396 | 393 | 393 | 392 | 391 | 389 | 388 | 387 | 386 | 385 | 385 | 385 | 385 | 383 |
Shares Outstanding | -3.1% | 51.00 | 53.00 | 52.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | 786 | - | - | - | 1,262 | - | - | - | 1,212 | - | - | - | 770 | - | - | - | 1,905 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | -259.1% | -11,649 | -3,244 | 15,201 | -31,999 | -29,843 | -36,514 | 10,344 | -17,936 | 14,265 | 4,607 | 38,348 | 2,315 | 28,700 | 19,170 | 70,700 | 14,522 | -12,049 | 19,363 | 49,788 | 44,623 | 34,392 |
Share Based Compensation | -33.9% | 945 | 1,430 | 1,443 | 1,228 | 1,146 | 1,119 | 1,289 | 1,049 | 1,343 | 1,072 | 1,134 | 1,153 | 1,031 | 748 | 1,020 | 1,021 | 1,011 | 1,177 | 3.00 | 1,092 | 1,228 |
Cashflow From Investing | 218.6% | 12,120 | 3,804 | 31,409 | 46,263 | 59,663 | 29,752 | -636 | -13,979 | -77,134 | -59,995 | 45,398 | -44,668 | -26,261 | -30,483 | -59,520 | 9,694 | 71,825 | 76,239 | -22,997 | -6,588 | 3,868 |
Cashflow From Financing | -130.0% | -969 | 3,228 | -30,534 | -24,664 | -3,345 | -4,651 | -3,168 | -5,354 | -8,632 | -3,963 | -41,589 | -11,686 | -3,386 | -4,853 | -3,500 | -17,117 | -17,976 | -22,444 | -16,459 | -17,986 | -46,901 |
Dividend Payments | - | - | - | - | 2,691 | 2,688 | 2,688 | - | 5,389 | 2,691 | 2,691 | 2,691 | 2,690 | 2,686 | 2,686 | 2,686 | 16,578 | 16,714 | 16,630 | 16,618 | 16,618 | 43,338 |
Buy Backs | - | - | - | 30,517 | - | - | - | 3,252 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Revenues | ||
Net premiums earned | $ 244,150,000 | $ 239,787,000 |
Net investment income | 33,897,000 | 30,310,000 |
Equity in earnings (loss) of unconsolidated subsidiaries | 2,963,000 | (1,121,000) |
Net investment gains (losses): | ||
Impairment losses | (1,510,000) | (2,933,000) |
Portion of impairment losses recognized in other comprehensive income (loss) before taxes | 576,000 | 0 |
Net impairment losses recognized in earnings | (934,000) | (2,933,000) |
Other net investment gains (losses) | 666,000 | 5,845,000 |
Total net investment gains (losses) | (268,000) | 2,912,000 |
Other income | 3,955,000 | 787,000 |
Total revenues | 284,697,000 | 272,675,000 |
Expenses | ||
Net losses and loss adjustment expenses | 194,694,000 | 205,296,000 |
Underwriting, policy acquisition and operating expenses: | ||
Operating expense | 44,311,000 | 35,084,000 |
DPAC amortization | 33,694,000 | 32,704,000 |
SPC U.S. federal income tax expense (benefit) | 416,000 | 532,000 |
SPC dividend expense (income) | 607,000 | 1,942,000 |
Interest expense | 5,657,000 | 5,463,000 |
Total expenses | 279,379,000 | 281,021,000 |
Income (loss) before income taxes | 5,318,000 | (8,346,000) |
Provision for income taxes: | ||
Current expense (benefit) | (561,000) | 458,000 |
Deferred expense (benefit) | 1,253,000 | (2,630,000) |
Total income tax expense (benefit) | 692,000 | (2,172,000) |
Net income (loss) | 4,626,000 | (6,174,000) |
Other comprehensive income (loss), after tax, net of reclassification adjustments | (2,472,000) | 42,629,000 |
Comprehensive income (loss) | $ 2,154,000 | $ 36,455,000 |
Earnings (loss) per share: | ||
Basic (in usd per share) | $ 0.09 | $ (0.11) |
Diluted (in usd per share) | $ 0.09 | $ (0.11) |
Weighted average number of common shares outstanding: | ||
Basic (in shares) | 51,013 | 53,987 |
Diluted (in shares) | 51,149 | 54,117 |
Cash dividends declared per common share (in usd per share) | $ 0 | $ 0.05 |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
Investments | ||
Fixed maturities, available-for-sale, at fair value (amortized cost, $3,813,857 and $3,758,720, respectively; allowance for expected credit losses, $1,137 as of March 31, 2024 and $555 as of December 31, 2023) | $ 3,544,137 | $ 3,493,597 |
Fixed maturities, trading, at fair value (cost, $49,409 and $48,449, respectively) | 50,106 | 48,324 |
Equity investments, at fair value (cost, $150,099 and $164,262, respectively) | 137,914 | 151,295 |
Short-term investments | 184,001 | 235,785 |
Business owned life insurance | 78,657 | 78,205 |
Investment in unconsolidated subsidiaries | 278,931 | 276,756 |
Other investments (at fair value, $55,732 and $62,604, respectively, otherwise at cost or amortized cost) | 59,796 | 65,819 |
Total Investments | 4,333,542 | 4,349,781 |
Cash and cash equivalents | 65,400 | 65,898 |
Premiums receivable, net (allowance for expected credit losses, $8,072 as of March 31, 2024 and $7,809 as of December 31, 2023) | 262,270 | 235,569 |
Receivable from reinsurers on paid losses and loss adjustment expenses | 9,387 | 21,122 |
Receivable from reinsurers on unpaid losses and loss adjustment expenses | 447,157 | 445,573 |
Prepaid reinsurance premiums | 35,808 | 31,149 |
Deferred policy acquisition costs | 63,619 | 60,336 |
Deferred tax asset, net | 184,897 | 186,164 |
Real estate, net | 29,523 | 29,757 |
Operating lease ROU assets | 17,530 | 16,275 |
Intangible assets, net | 58,676 | 60,308 |
Goodwill | 5,500 | 5,500 |
Other assets | 136,727 | 124,493 |
Total Assets | 5,650,036 | 5,631,925 |
Policy liabilities and accruals | ||
Reserve for losses and loss adjustment expenses | 3,382,512 | 3,401,281 |
Unearned premiums | 476,941 | 433,715 |
Reinsurance premiums payable | 29,435 | 24,019 |
Total Policy Liabilities and Accruals | 3,888,888 | 3,859,015 |
Operating lease liabilities | 18,517 | 17,179 |
Other liabilities | 201,792 | 216,618 |
Debt less unamortized debt issuance costs | 427,774 | 427,133 |
Total Liabilities | 4,536,971 | 4,519,945 |
Shareholders' Equity | ||
Common shares (par value $0.01 per share, 100,000,000 shares authorized, 63,616,659 and 63,576,932 shares issued, respectively) | 636 | 636 |
Additional paid-in capital | 402,485 | 403,554 |
Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of ($55,743) and ($55,738), respectively) | (206,961) | (204,489) |
Retained earnings | 1,386,607 | 1,381,981 |
Treasury shares, at cost (12,606,968 shares as of each respective period end) | (469,702) | (469,702) |
Total Shareholders' Equity | 1,113,065 | 1,111,980 |
Total Liabilities and Shareholders' Equity | $ 5,650,036 | $ 5,631,925 |