ProAssurance (PRA) reported $278.23 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.1%. EPS of $0.34 for the same period compares to -$0.07 a year ago.The reported revenue represents a surprise of +2.77% over the Zacks Consensus Estimate of $270.75 million. With the consensus EPS estimate being $0.12, the EPS surprise was +183.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

ProAssurance (PRA) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 183.33%. A quarter ago, it was expected that this medical professional liability insurer would post earnings of $0.08 per share when it actually produced earnings of $0.23, delivering a surprise of 187.50%.Over the last fo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-16533 ProAssurance Corporation (Exact name of registrant as specified in its charter) Delaware 63-1261433 ( ...

NEWS RELEASE For More Information: Heather J. Wietzel • SVP, Investor Relations 800-282-6242 • 205-776-3028 • InvestorRelations@ProAssurance.com ProAssurance Reports Results for Third Quarter 2024 BIRMINGHAM, AL – November 7, 2024 – ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical professional liability and a core small-cap value equity in the financials sector, today reported net income of $16.4 million, or $0.32 per diluted share, and operatin ...

ProAssurance Corporation (PRA) — a property and casualty insurance provider founded in 1976 — is having an amazing run in the stock market, outperforming the industry and the S&P 500. Strong underwriting results in the Specialty P&C segment and significant growth in investment income are aiding the stock. In the past three months, its shares have jumped 33.3%. With this share price growth, investors may be wondering whether there's still room for further run or if the potential gains have already been fully ...

ProAssurance Corporation (PRA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PRA's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages ...

Core Viewpoint - ProAssurance (PRA) shares have increased by 10.1% recently, closing at $13.40, with a potential upside of 25% based on Wall Street analysts' mean price target of $16.75 [1] Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $2.75, indicating variability among analysts [2] - The lowest estimate of $14 suggests a 4.5% increase, while the highest estimate predicts a 49.3% surge to $20 [2] - Analysts' price targets can often mislead investors, as empirical research shows they rarely indicate actual stock price movements [5] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6] Earnings Estimates and Potential Upside - Analysts are optimistic about PRA's earnings prospects, as indicated by a strong agreement in revising EPS estimates higher, which correlates with near-term stock price movements [9] - Over the last 30 days, five estimates for PRA have increased, leading to a 51.8% rise in the Zacks Consensus Estimate [10] - PRA holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11]

ProAssurance (PRA) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this medical professional liability insurer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends i ...

Shares of ProAssurance (PRA) have gained 10.6% over the past four weeks to close the last trading session at $13.12, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.75 indicates a potential upside of 27.7%. The average comprises four short-term price targets ranging from a low of $14 to a high of $20, with a standard deviation of $2.75. While the lowest estimate indicates an ...

ProAssurance Corporation (PRA) reported second-quarter 2024 adjusted operating income of 23 cents per share, which surpassed the Zacks Consensus Estimate of 8 cents. The bottom line soared 64.3% year over year. Operating revenues dipped 1.1% year over year to $279 million. The top line beat the consensus mark by 1.8%. ProAssurance's quarterly performance was bolstered by strong underwriting results in the Specialty P&C segment, significant growth in investment income driven by a higher interest rate environ ...