ProAssurance Corporation Common (NYSE:PRA):
ProAssurance Announces Preliminary Results for Third Quarter 2016.
The company is trading up since yesterday’s close of $52.53.
ProAssurance Corporation Common also recently declared a dividend for shareholders that was paid on Friday October 7th, 2016. The dividend payment was $0.310 per share for the quarter which is $1.24 annualized. This dividend amount was represent a yeild of $2.32. The ex-dividend date was Monday the 26th of September 2016.
The stock is trading at $52.63 which is just a bit below the 50 day moving average which is $53.14 and which is just a bit higher than the 200 day moving average of $51.95. The 50 day moving average was down by -0.95% and the 200 day average went up $0.68 or +1.32%.
The P/E ratio is 26.18 and market cap is 2.80B. In the latest earnings report the EPS was $2.01 and is estimated to be $2.30 for the current year with 53,204,000 shares now outstanding. Next quarter’s EPS is expected be $0.66 and the next full year EPS is projected to be $2.42.
Several Wall Street analysts have released ratings on the company of late. On January 21 the company was set at “Buy” in a report from SunTrust Robinson Humphrey a boost from the previous “Neutral” rating. On May 11 the company was downgraded from “Buy” to “Neutral” by Janney Capital.
On January 21 JMP Securities left the company rating at “Market Outperform” but lowered the price expectation from $55.00 to $53.00. On November 6 the stock rating was downgraded to “Market Perform” from “Outperform” and a price target of $50.00 was set in a report from Raymond James.
August 7 investment analysts at Keefe Bruyette & Woods made no change to the stock rating of “Market Perform” and lowered the price target to $46.00 from $48.00.