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PRA

PRA - ProAssurance Corp Stock Price, Fair Value and News

13.27USD-0.67 (-4.81%)Market Closed

Market Summary

PRA
USD13.27-0.67
Market Closed
-4.81%

PRA Stock Price

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PRA RSI Chart

PRA Valuation

Market Cap

676.4M

Price/Earnings (Trailing)

-11.5

Price/Sales (Trailing)

0.59

EV/EBITDA

103.59

Price/Free Cashflow

-13.56

PRA Price/Sales (Trailing)

PRA Profitability

EBT Margin

-3.44%

Return on Equity

-5.29%

Return on Assets

-1.04%

Free Cashflow Yield

-7.38%

PRA Fundamentals

PRA Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

0.76%

Rev. Growth (Qtr)

7.69%

PRA Earnings

Earnings (TTM)

-58.8M

Earnings Growth (Yr)

-310.51%

Earnings Growth (Qtr)

71.97%

Breaking Down PRA Revenue

Last 7 days

7.0%

Last 30 days

9.6%

Last 90 days

7.8%

Trailing 12 Months

-28.0%

How does PRA drawdown profile look like?

PRA Financial Health

Debt/Equity

0.38

Debt/Cashflow

-0.12

PRA Investor Care

Dividend Yield

0.38%

Dividend/Share (TTM)

0.05

Buy Backs (1Y)

5.55%

Diluted EPS (TTM)

-0.74

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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
GRUFITY'S FAIR VALUE MODEL

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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>

PurpleZone


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.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
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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
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
lisenby jeffrey patton
acquired
149,630
12.36
12,106
executive vice-president
Mar 06, 2024
lisenby jeffrey patton
sold (taxes)
-66,855
12.36
-5,409
executive vice-president
Mar 06, 2024
francis robert david
sold (taxes)
-54,173
12.36
-4,383
pres healthcare pro. liability
Mar 06, 2024
rand edward lewis jr
acquired
466,405
12.36
37,735
president & ceo
Mar 06, 2024
shook kevin merrick
acquired
149,630
12.36
12,106
president of a subsidiary
Mar 06, 2024
dishart noreen
sold (taxes)
-29,540
12.36
-2,390
executive vp/chief hr officer
Mar 06, 2024
rand edward lewis jr
sold (taxes)
-197,439
12.36
-15,974
president & ceo
Mar 06, 2024
hendricks dana s
sold (taxes)
-61,849
12.36
-5,004
chief financial officer

1–10 of 50

Which funds bought or sold PRA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 11, 2024
Fortitude Family Office, LLC
new
-
14,712
14,712
0.01%
Apr 09, 2024
Welch Group, LLC
unchanged
-
-11,123
153,811
0.01%
Apr 09, 2024
MASSMUTUAL TRUST CO FSB/ADV
sold off
-100
-207
-
-%
Apr 05, 2024
CWM, LLC
reduced
-41.09
-9,000
10,000
-%
Apr 05, 2024
GAMMA Investing LLC
reduced
-84.52
-19,419
3,369
-%
Apr 03, 2024
Versant Capital Management, Inc
reduced
-22.00
-376
1,003
-%
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-18.68
-30,702
44,859
-%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-1.18
-31,082,700
80,482,000
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
225
4,134,510
7,134,350
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-4.19
-167,796
390,422
-%

1–10 of 49

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
Apr 12, 2024
DEF 14A
DEF 14A
Apr 12, 2024
DEFA14A
DEFA14A
Apr 11, 2024
8-K
Current Report
Apr 10, 2024
8-K
Current Report
Mar 11, 2024
8-K
Current Report
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 06, 2024
4
Insider Trading

Peers (Alternatives to ProAssurance Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.0T
1.2B
1.59% 3149.83%
-4.8K
823.49
-25.27% -3.53%
50.8B
10.1B
-8.18% 17.42%
52.4
5.05
17.79% -12.97%
50.7B
41.4B
-1.07% 27.66%
16.94
1.22
12.15% 5.24%
50.2B
46.8B
-2.42% 42.70%
13.77
1.07
-14.05% -64.38%
46.3B
18.7B
-4.24% 21.04%
9.94
2.48
-2.30% 5.45%
33.7B
13.6B
-1.09% 27.67%
7.58
2.47
41.83% 201.02%
10.7B
7.8B
-2.35% 4.69%
12.5
1.36
11.18% -5.12%
MID-CAP
9.6B
12.4B
-1.89% 26.00%
7.51
0.78
3.35% -8.77%
9.1B
11.1B
-3.98% 47.49%
14.1
0.81
9.21% 132.28%
4.8B
11.6B
3.47% 36.47%
-6.38
0.41
-38.09% -155.38%
4.4B
2.8B
-1.54% 49.61%
20.79
1.54
100.59% -89.04%
SMALL-CAP
1.7B
1.2B
-9.58% 5.17%
-18.45
1.37
24.25% -115.79%
914.7M
306.9M
-7.83% -8.01%
14.73
2.98
4.11% 11.70%
675.2M
269.0M
-1.65% -0.99%
150.05
2.51
-46.68% -99.14%
44.7M
186.8M
-21.51% -11.69%
-261.29
0.24
-0.56% -111.21%

ProAssurance Corp News

Latest updates
MarketBeat • 12 hours ago
Defense World • 04 Apr 2024 • 08:25 am
Yahoo Finance • 21 Mar 2024 • 07:00 am
Yahoo Finance • 29 Feb 2024 • 08:00 am
Yahoo Finance • 2 months ago

ProAssurance Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In null)
Income Statement (Quarterly)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue7.7%296,960275,747291,831272,675294,708273,083255,825283,072313,066309,700281,628220,017229,601226,897221,742196,701249,466241,874239,621268,875179,480
Operating Expenses---------------33,34934,77337,44932,77834,66133,29032,419
EBITDA Margin-37.3%0.01*0.01*0.05*0.04*0.05*0.07*0.09*0.16*0.18*0.17*0.02*-0.15*---------
Interest Expenses21.0%6,6725,5145,5025,4635,5005,5134,9194,4415,5175,8145,1763,2123,7793,8813,7144,1293,7864,2744,2474,3304,855
Income Taxes172.1%3,356-4,6552,927-2,172809-2,673-1,933-2,0175,615-270-3,5987367,2922,141-38,686-12,076-29,803-6,689-2776,961-14,093
Earnings Before Taxes118.0%9,733-54,08913,554-8,34614,751-11,798-3,592-5,57737,75511,93088,4528,47121,597-147,838-56,785-34,030-89,17810,50411,25938,611-38,543
EBT Margin-14.5%-0.03*-0.03*0.01*-0.01*-0.01*0.01*0.03*0.11*0.13*0.13*-0.03*-0.19*---------
Net Income72.0%-13,855-49,43410,627-6,1746,582-9,125-1,659-3,56087,78412,20092,0507,73514,305-149,979-18,099-21,954-59,37517,19311,53631,650-24,450
Net Income Margin-52.9%-0.05*-0.03*0.01*0.00*0.00*0.02*0.03*0.11*0.13*0.12*-0.04*-0.16*---------
Free Cashflow-121.3%-3,24415,201-31,999-29,843-36,51410,344-17,93614,2654,60738,3482,31528,700---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.2%5,6325,6455,6575,7485,7005,7965,8916,0596,1913,5456,3584,6754,6554,6924,7844,7314,8064,8244,7864,7174,601
    Cash Equivalents6.1%66.0062.0046.0056.0030.0041.0035.0072.0014420316121521623222421717510292.0072.0080.00
  Net PPE-0.8%30.0030.0030.0030.0030.0030.0030.0030.0030.0031.0031.0031.0031.0030.0030.0031.0030.0031.0031.0031.0031.00
  Goodwill0%6.006.0050.0050.0050.0050.0050.0050.0050.0050.0050.0050.0050.00161211211211211211211211
Liabilities-0.2%4,5204,5294,5384,6104,5964,6594,7214,7774,7634,8494,9343,3533,3063,3633,3093,3033,2943,2353,2053,1553,078
  Long Term Debt0.1%427427426428427426426426425425459284285285285286286287287287288
Shareholder's Equity888.2%1,1121131,1201,1381,1041781,1701,2821,4283,3151,4241,3211,3491,3301,4741,4281,5121,5891,5821,5621,523
  Retained Earnings0.5%1,3821,3761,4251,4141,4231,4121,4241,4281,4341,4051,3961,3061,3011,2901,4421,4631,5061,5821,5811,5861,572
  Additional Paid-In Capital0.4%404402401398398397396393393392391389388387386385385385385383385
Shares Outstanding1.6%53.0052.0054.0054.0054.0054.0054.0054.0054.0054.0054.0054.00---------
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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-121.3%-3,24415,201-31,999-29,843-36,51410,344-17,93614,2654,60738,3482,31528,70019,17070,70014,522-12,04919,36349,78844,62334,39230,871
  Share Based Compensation-0.9%1,4301,4431,2281,1461,1191,2891,0491,3431,0721,1341,1531,0317481,0201,0211,0111,1773.001,0921,2281,176
Cashflow From Investing-87.9%3,80431,40946,26359,66329,752-636-13,979-77,134-59,99545,398-44,668-26,261-30,483-59,5209,69471,82576,239-22,997-6,5883,868-19,886
Cashflow From Financing110.6%3,228-30,534-24,664-3,345-4,651-3,168-5,354-8,632-3,963-41,589-11,686-3,386-4,853-3,500-17,117-17,976-22,444-16,459-17,986-46,901-18,073
  Dividend Payments---2,6912,6882,688-5,3892,6912,6912,6912,6902,6862,6862,68616,57816,71416,63016,61816,61843,33816,582
  Buy Backs-100.0%-30,517---3,252---------------

PRA Income Statement

2023-12-31
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Net premiums earned$ 977,397,000$ 1,029,581,000$ 971,668,000
Net investment income128,419,00095,972,00070,522,000
Equity in earnings (loss) of unconsolidated subsidiaries6,791,0004,888,00048,974,000
Net investment gains (losses):   
Impairment losses(3,111,000)(1,772,000)0
Portion of impairment losses recognized in other comprehensive income (loss) before taxes014,0000
Net impairment losses recognized in earnings(3,111,000)(1,758,000)0
Other net investment gains (losses)16,939,000(31,399,000)24,310,000
Total net investment gains (losses)13,828,000(33,157,000)24,310,000
Other income10,777,0009,404,0008,936,000
Total revenues1,137,212,0001,106,688,0001,124,410,000
Expenses   
Net losses and loss adjustment expenses800,494,000776,762,000752,249,000
Underwriting, policy acquisition and operating expenses:   
Operating expense165,931,000174,163,000157,641,000
DPAC amortization134,813,000133,175,000110,605,000
SPC U.S. federal income tax expense (benefit)1,629,0001,759,0001,947,000
SPC dividend expense (income)6,234,0006,673,00010,050,000
Interest expense23,150,00020,372,00019,719,000
Goodwill impairment44,110,00000
Total expenses1,176,361,0001,112,904,0001,052,211,000
Gain on bargain purchase0074,408,000
Income (loss) before income taxes(39,149,000)(6,216,000)146,607,000
Provision for income taxes:   
Current expense (benefit)1,223,000807,0001,164,000
Deferred expense (benefit)(1,768,000)(6,621,000)1,319,000
Total income tax expense (benefit)(545,000)(5,814,000)2,483,000
Net income (loss)(38,604,000)(402,000)144,124,000
Other comprehensive income (loss), after tax, net of reclassification adjustments94,118,000(314,891,000)(58,943,000)
Comprehensive income (loss)$ 55,514,000$ (315,293,000)$ 85,181,000
Earnings (loss) per share:   
Basic (in dollars per share)$ (0.73)$ (0.01)$ 2.67
Diluted (in dollars per share)$ (0.73)$ (0.01)$ 2.67
Weighted average number of common shares outstanding:   
Basic (in shares)52,64254,00853,962
Diluted (in shares)52,78854,14054,058
Cash dividends declared per common share (in dollars per share)$ 0.05$ 0.20$ 0.20

PRA Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investments  
Fixed maturities, available-for-sale, at fair value (amortized cost, $3,758,720 and $3,852,411, respectively; allowance for expected credit losses, $555 as of December 31, 2023 and $427 as of December 31, 2022)$ 3,493,597$ 3,472,472
Fixed maturities, trading, at fair value (cost, $48,449 and $45,048, respectively)48,32443,434
Equity investments, at fair value (cost, $164,262 and $162,429, respectively)151,295143,738
Short-term investments235,785245,313
Business owned life insurance78,20581,746
Investment in unconsolidated subsidiaries276,756305,210
Other investments (at fair value, $62,604 and $92,447, respectively, otherwise at cost or amortized cost)65,81995,770
Total Investments4,349,7814,387,683
Cash and cash equivalents65,89829,959
Premiums receivable, net (allowance for expected credit losses, $7,809 as of December 31, 2023 and $7,658 as of December 31, 2022)235,569246,094
Receivable from reinsurers on paid losses and loss adjustment expenses21,12215,313
Receivable from reinsurers on unpaid losses and loss adjustment expenses445,573431,889
Prepaid reinsurance premiums31,14929,120
Deferred policy acquisition costs60,33658,148
Deferred tax asset, net186,164209,535
Real estate, net29,75729,968
Operating lease ROU assets16,27518,987
Intangible assets, net60,30866,835
Goodwill5,50049,610
Other assets124,493126,858
Total Assets5,631,9255,699,999
Policy liabilities and accruals  
Reserve for losses and loss adjustment expenses3,401,2813,471,147
Unearned premiums433,715422,950
Reinsurance premiums payable24,01928,514
Total Policy Liabilities and Accruals3,859,0153,922,611
Operating lease liabilities17,17920,008
Other liabilities216,618226,379
Debt less unamortized debt issuance costs427,133426,983
Total Liabilities4,519,9454,595,981
Shareholders' Equity  
Common shares (par value $0.01 per share, 100,000,000 shares authorized, 63,576,932 and 63,427,796 shares issued, respectively)636634
Additional paid-in capital403,554397,919
Accumulated other comprehensive income (loss) (net of deferred tax expense (benefit) of ($55,738) and ($80,810), respectively)(204,489)(298,607)
Retained earnings1,381,9811,423,286
Treasury shares, at cost (12,606,968 and 9,464,160 shares, respectively)(469,702)(419,214)
Total Shareholders' Equity1,111,9801,104,018
Total Liabilities and Shareholders' Equity$ 5,631,925$ 5,699,999
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 Fri Apr 12 2024, market cap of ProAssurance Corp is 676.38 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 Fri Apr 12 2024, PRA's PE ratio (Price to Earnings) is -11.5 and Price to Sales (PS) ratio is 0.59. 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 -0.074 (multiply by 100 for percentage) rate of return.