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PRA

PRA - ProAssurance Corp Stock Price, Fair Value and News

14.83USD+0.20 (+1.37%)Market Closed

Market Summary

PRA
USD14.83+0.20
Market Closed
1.37%

PRA Alerts

  • Big jump in Earnings (Y/Y)

PRA Stock Price

View Fullscreen

PRA RSI Chart

PRA Valuation

Market Cap

746.3M

Price/Earnings (Trailing)

-15.54

Price/Sales (Trailing)

0.65

EV/EBITDA

51.49

Price/Free Cashflow

-23.55

PRA Price/Sales (Trailing)

PRA Profitability

EBT Margin

-2.22%

Return on Equity

-4.32%

Return on Assets

-0.85%

Free Cashflow Yield

-4.25%

PRA Fundamentals

PRA Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

4.41%

Rev. Growth (Qtr)

-4.13%

PRA Earnings

Earnings (TTM)

-48.0M

Earnings Growth (Yr)

174.93%

Earnings Growth (Qtr)

133.39%

Breaking Down PRA Revenue

Last 7 days

-0.5%

Last 30 days

14.0%

Last 90 days

8.5%

Trailing 12 Months

12.1%

How does PRA drawdown profile look like?

PRA Financial Health

Debt/Equity

0.38

Debt/Cashflow

-0.07

PRA Investor Care

Buy Backs (1Y)

5.58%

Diluted EPS (TTM)

-0.54

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.1B000
20231.1B1.1B1.1B1.1B
20221.2B1.2B1.1B1.1B
2021898.3M958.1M1.0B1.1B
2020927.7M909.8M894.8M874.9M
2019953.9M937.3M929.9M999.8M
2018844.2M894.8M915.7M886.0M
2017899.8M890.6M894.7M866.1M
2016757.6M769.0M818.4M870.2M
2015852.1M833.1M804.2M772.1M
2014753.3M804.9M827.2M852.3M
2013730.3M737.2M742.7M740.2M
2012723.8M712.8M726.8M715.9M
2011701.7M715.0M695.9M716.8M
2010705.7M691.9M690.5M692.1M
20090602.3M637.5M672.7M
2008000567.2M
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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


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Tracking the Latest Insider Buys and Sells of ProAssurance Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold PRA recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 48

Are Funds Buying or Selling PRA?

Are funds buying PRA calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PRA
No. of Funds

Unveiling ProAssurance Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
t. rowe price investment management, inc.
8.2%
4,156,960
SC 13G
Feb 13, 2024
vanguard group inc
11.45%
5,836,255
SC 13G/A
Feb 09, 2024
dimensional fund advisors lp
5.6%
2,838,938
SC 13G
Feb 08, 2024
wellington management group llp
5.45%
2,777,882
SC 13G/A
Jan 22, 2024
blackrock inc.
14.7%
7,468,439
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
0.1%
35,845
SC 13G/A
Feb 09, 2023
vanguard group inc
11.56%
6,237,886
SC 13G/A
Feb 06, 2023
wellington management group llp
6.37%
3,438,325
SC 13G
Jan 23, 2023
blackrock inc.
14.6%
7,851,712
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
5.5%
2,976,937
SC 13G

Recent SEC filings of ProAssurance Corp

View All Filings
Date Filed Form Type Document
May 06, 2024
10-Q
Quarterly Report
May 06, 2024
8-K
Current Report
May 06, 2024
DEFA14A
DEFA14A
Apr 22, 2024
4/A
Insider Trading
Apr 22, 2024
4/A
Insider Trading
Apr 22, 2024
4/A
Insider Trading
Apr 22, 2024
4/A
Insider Trading
Apr 22, 2024
4/A
Insider Trading
Apr 22, 2024
4/A
Insider Trading
Apr 22, 2024
4/A
Insider Trading

Peers (Alternatives to ProAssurance Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.1T
1.3B
- 3182.05%
-5.4K
851.43
-10.27% -34.69%
56.3B
10.6B
10.41% 18.83%
51.57
5.3
20.42% -6.05%
53.5B
48.4B
6.65% 46.48%
11.07
1.1
-4.15% -20.63%
50.3B
42.9B
-1.75% 20.66%
16.03
1.17
13.52% 12.15%
50.2B
19.3B
8.36% 31.67%
9.39
2.6
3.03% 17.35%
37.9B
14.4B
8.73% 35.25%
7.82
2.63
32.92% 143.01%
11.2B
8.0B
5.23% 15.55%
12.7
1.4
11.14% 7.56%
MID-CAP
10.0B
12.6B
4.70% 14.80%
7.57
0.8
4.24% -13.40%
9.1B
11.4B
2.52% 34.85%
11.93
0.8
9.81% 217.29%
5.1B
11.9B
10.11% 43.42%
3.78
0.43
-33.27% 234.43%
3.9B
3.2B
-0.20% 45.14%
5.55
1.23
64.05% -35.60%
SMALL-CAP
2.0B
1.3B
19.51% 50.60%
-36.97
1.59
18.74% 30.90%
888.4M
308.9M
-5.04% -15.64%
14.4
2.88
3.79% 10.94%
816.3M
314.0M
26.77% 23.65%
14.2
2.6
-29.20% -88.19%
34.9M
187.5M
-14.07% -22.97%
-48.25
0.19
2.74% 73.83%

ProAssurance Corp News

Latest updates
Defense World • 15 hours ago
Yahoo News UK • 15 May 2024 • 09:27 am
Defense World • 12 May 2024 • 10:06 am
MarketBeat • 11 May 2024 • 04:31 pm
Simply Wall St • 08 May 2024 • 11:06 am
MarketBeat • 07 May 2024 • 07:00 am
The Washington Post • 06 May 2024 • 10:07 pm
Yahoo Finance • 06 May 2024 • 07:00 am

ProAssurance Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-4.1%284,697,000296,959,500275,747,000291,831,000272,675,000294,708,000273,083,000255,825,000283,072,000313,065,500309,700,000281,628,000220,017,000229,601,000226,897,000221,742,000196,701,000249,465,500241,874,000239,621,000268,875,000
Operating Expenses----------------33,349,00034,773,00037,449,00032,778,00034,661,00033,290,000
EBITDA Margin112.7%0.020.010.010.050.040.050.070.090.160.180.170.02---------
Interest Expenses-15.2%5,657,0006,671,5005,514,0005,502,0005,463,0005,499,5005,513,0004,919,0004,441,0005,516,5005,814,0005,176,0003,212,0003,778,5003,881,0003,714,0004,129,0003,785,5004,274,0004,247,0004,330,000
Income Taxes-79.4%692,0003,355,500-4,655,0002,927,000-2,172,000809,000-2,673,000-1,933,000-2,017,0005,615,000-270,000-3,598,000736,0007,292,0002,141,000-38,686,000-12,076,000-29,803,500-6,689,000-277,0006,961,000
Earnings Before Taxes-45.4%5,318,0009,732,500-54,089,00013,554,000-8,346,00014,751,000-11,798,000-3,592,000-5,577,00037,754,50011,930,00088,452,0008,471,00021,597,000-147,838,000-56,785,000-34,030,000-89,178,00010,504,00011,259,00038,611,000
EBT Margin35.6%-0.02-0.03-0.030.01-0.01-0.010.010.030.110.130.13-0.03---------
Net Income133.4%4,626,000-13,855,000-49,434,00010,627,000-6,174,0006,581,500-9,125,000-1,659,000-3,560,00087,784,00012,200,00092,050,0007,735,00014,305,000-149,979,000-18,099,000-21,954,000-59,375,00017,193,00011,536,00031,650,000
Net Income Margin19.2%-0.04-0.05-0.030.00-0.01-0.010.070.080.160.180.12-0.04---------
Free Cashflow-259.1%-11,649,000-3,244,00015,201,000-31,999,000-29,843,000-36,514,00010,344,000-17,936,00014,265,0004,607,00038,348,0002,315,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.3%5,6505,6325,6455,6575,7485,7005,7965,8916,0596,1913,5456,3584,6754,6554,6924,7844,7314,8064,8244,7864,717
    Cash Equivalents-0.8%65.0066.0062.0046.0056.0030.0041.0035.0072.0014420316121521623222421717510292.0072.00
  Net PPE-0.8%30.0030.0030.0030.0030.0030.0030.0030.0030.0030.0031.0031.0031.0031.0030.0030.0031.0030.0031.0031.0031.00
  Goodwill0%6.006.006.0050.0050.0050.0050.0050.0050.0050.0050.0050.0050.0050.00161211211211211211211
Liabilities0.4%4,5374,5204,5294,5384,6104,5964,6594,7214,7774,7634,8494,9343,3533,3063,3633,3093,3033,2943,2353,2053,155
  Long Term Debt0.2%428427427426428427426426426425425459284285285285286286287287287
Shareholder's Equity0.1%1,1131,1121131,1201,1381,1041781,1701,2821,4283,3151,4241,3211,3491,3301,4741,4281,5121,5891,5821,562
  Retained Earnings0.3%1,3871,3821,3761,4251,4141,4231,4121,4241,4281,4341,4051,3961,3061,3011,2901,4421,4631,5061,5821,5811,586
  Additional Paid-In Capital-0.3%402404402401398398397396393393392391389388387386385385385385383
Shares Outstanding-3.1%51.0053.0052.0054.0054.0054.0054.0054.0054.0054.0054.0054.00---------
Float----786---1,262---1,212---770---1,905-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-259.1%-11,649-3,24415,201-31,999-29,843-36,51410,344-17,93614,2654,60738,3482,31528,70019,17070,70014,522-12,04919,36349,78844,62334,392
  Share Based Compensation-33.9%9451,4301,4431,2281,1461,1191,2891,0491,3431,0721,1341,1531,0317481,0201,0211,0111,1773.001,0921,228
Cashflow From Investing218.6%12,1203,80431,40946,26359,66329,752-636-13,979-77,134-59,99545,398-44,668-26,261-30,483-59,5209,69471,82576,239-22,997-6,5883,868
Cashflow From Financing-130.0%-9693,228-30,534-24,664-3,345-4,651-3,168-5,354-8,632-3,963-41,589-11,686-3,386-4,853-3,500-17,117-17,976-22,444-16,459-17,986-46,901
  Dividend Payments----2,6912,6882,688-5,3892,6912,6912,6912,6902,6862,6862,68616,57816,71416,63016,61816,61843,338
  Buy Backs---30,517---3,252--------------
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PRA Income Statement

2024-03-31
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 income33,897,00030,310,000
Equity in earnings (loss) of unconsolidated subsidiaries2,963,000(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 taxes576,0000
Net impairment losses recognized in earnings(934,000)(2,933,000)
Other net investment gains (losses)666,0005,845,000
Total net investment gains (losses)(268,000)2,912,000
Other income3,955,000787,000
Total revenues284,697,000272,675,000
Expenses  
Net losses and loss adjustment expenses194,694,000205,296,000
Underwriting, policy acquisition and operating expenses:  
Operating expense44,311,00035,084,000
DPAC amortization33,694,00032,704,000
SPC U.S. federal income tax expense (benefit)416,000532,000
SPC dividend expense (income)607,0001,942,000
Interest expense5,657,0005,463,000
Total expenses279,379,000281,021,000
Income (loss) before income taxes5,318,000(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)51,01353,987
Diluted (in shares)51,14954,117
Cash dividends declared per common share (in usd per share)$ 0$ 0.05

PRA Balance Sheet

2024-03-31
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)50,10648,324
Equity investments, at fair value (cost, $150,099 and $164,262, respectively)137,914151,295
Short-term investments184,001235,785
Business owned life insurance78,65778,205
Investment in unconsolidated subsidiaries278,931276,756
Other investments (at fair value, $55,732 and $62,604, respectively, otherwise at cost or amortized cost)59,79665,819
Total Investments4,333,5424,349,781
Cash and cash equivalents65,40065,898
Premiums receivable, net (allowance for expected credit losses, $8,072 as of March 31, 2024 and $7,809 as of December 31, 2023)262,270235,569
Receivable from reinsurers on paid losses and loss adjustment expenses9,38721,122
Receivable from reinsurers on unpaid losses and loss adjustment expenses447,157445,573
Prepaid reinsurance premiums35,80831,149
Deferred policy acquisition costs63,61960,336
Deferred tax asset, net184,897186,164
Real estate, net29,52329,757
Operating lease ROU assets17,53016,275
Intangible assets, net58,67660,308
Goodwill5,5005,500
Other assets136,727124,493
Total Assets5,650,0365,631,925
Policy liabilities and accruals  
Reserve for losses and loss adjustment expenses3,382,5123,401,281
Unearned premiums476,941433,715
Reinsurance premiums payable29,43524,019
Total Policy Liabilities and Accruals3,888,8883,859,015
Operating lease liabilities18,51717,179
Other liabilities201,792216,618
Debt less unamortized debt issuance costs427,774427,133
Total Liabilities4,536,9714,519,945
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)636636
Additional paid-in capital402,485403,554
Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of ($55,743) and ($55,738), respectively)(206,961)(204,489)
Retained earnings1,386,6071,381,981
Treasury shares, at cost (12,606,968 shares as of each respective period end)(469,702)(469,702)
Total Shareholders' Equity1,113,0651,111,980
Total Liabilities and Shareholders' Equity$ 5,650,036$ 5,631,925
PRA
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.
 CEO
 WEBSITEproassurance.com
 INDUSTRYInsurance Property & Casualty
 EMPLOYEES1083

ProAssurance Corp Frequently Asked Questions


What is the ticker symbol for ProAssurance Corp? What does PRA stand for in stocks?

PRA is the stock ticker symbol of ProAssurance Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ProAssurance Corp (PRA)?

As of Thu May 16 2024, market cap of ProAssurance Corp is 746.31 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRA stock?

You can check PRA's fair value in chart for subscribers.

What is the fair value of PRA stock?

You can check PRA's fair value in chart for subscribers. The fair value of ProAssurance Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ProAssurance Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is ProAssurance Corp a good stock to buy?

The fair value guage provides a quick view whether PRA is over valued or under valued. Whether ProAssurance Corp is cheap or expensive depends on the assumptions which impact ProAssurance Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRA.

What is ProAssurance Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, PRA's PE ratio (Price to Earnings) is -15.54 and Price to Sales (PS) ratio is 0.65. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRA PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on ProAssurance Corp's stock?

In the past 10 years, ProAssurance Corp has provided -0.066 (multiply by 100 for percentage) rate of return.