The price trend for ProAssurance (PRA) has been bearish lately and the stock has lost 8.4% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts ...

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and e ...

Core Viewpoint - ProAssurance Corporation (PRA) is expected to experience significant growth in earnings and revenue due to effective cost control, successful acquisitions, and a favorable investment income environment, positioning it well against industry peers [2][3][11]. Financial Performance - PRA's total expenses are projected to decline by 8% year-over-year in 2024, with a slight decrease of 0.6% in Q1 2024 [2] - The net loss ratio is estimated to improve by 182 basis points in 2024, indicating better financial health [2] - The consensus estimate for PRA's 2024 earnings is $0.38 per share, reflecting a substantial year-over-year improvement of 371.4% [12] - Full-year 2024 revenue is expected to reach nearly $1.1 billion, supported by a high-interest rate environment that boosts investment income [13] Market Position and Growth - PRA's shares have increased by 8.5% over the past three months, outperforming the S&P 500 Index's growth of 3.3% and the industry’s 1.7% increase [6] - The company’s acquisition of NORCAL continues to significantly contribute to its gross premiums written, enhancing revenue diversification [3] - PRA's stock is trading at 0.64 times its trailing 12-month tangible book value, which is lower than the industry average of 1.52 times, suggesting potential for further growth [7] Investment Sentiment - Investors have responded positively to PRA's improving pricing decisions, new business growth, and strong customer retention in the Specialty P&C segment [6] - The company holds a Zacks Rank 1 (Strong Buy), indicating strong investor confidence [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. Analysts' growing optimism on the earnings prospects of this medical professional liability insurer is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revis ...

ProAssurance Corporation (NYSE:PRA) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Heather Wietzel - Senior Vice President, Investor Relations Edward Rand - President and Chief Executive Officer Dana Hendricks - Executive Vice President, Chief Financial Officer, and Treasurer Robert Francis - President, Healthcare Professional Liability Kevin Shook - President, Workers' Compensation Insurance Conference Call Participants Matthew Carletti - JMP Sidney Schultz - Raymond James Ro ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number: 0-16533 ProAssurance Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 Brookwood Place, Birmingham, AL 35209 (Address of principal executive offices) (Zip Code) (205) 877-4400 (Registrant's telephone number, including area code) (Former name, former addres ...

NEWS RELEASE For More Information: Heather J. Wietzel SVP, Investor Relations 800-282-6242 • 205-776-3028 • InvestorRelations@ProAssurance.com ProAssurance Reports Results for First Quarter 2024 NEWS RELEASE CONTINUES CONSOLIDATED INCOME STATEMENT HIGHLIGHTS BIRMINGHAM, AL – (BUSINESSWIRE) – May 6, 2024 – ProAssurance Corporation (NYSE: PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2 ...

ProAssurance Corporation (NYSE:PRA) Q4 2023 Results Conference Call February 28, 2024 10:00 AM ET Company Participants Frank O'Neil - Senior Vice President of Corporate Communications, Investor Relations Ned Rand - President and Chief Executive Officer Dana Hendricks - Executive Vice President, Chief Financial Officer, and Treasurer Rob Francis - President, Healthcare Professional Liability Kevin Shook - President, Workers' Compensation Insurance Conference Call Participants Matt Carletti - JMP Bob Farnam - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023, 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: 001-16533 ProAssurance Corporation (Exact name of registrant as specified in its charter) (State or other jurisdict ...

NEWS RELEASE For More Information: Dana Hendricks EVP, Chief Financial Officer 800-282-6242 • 205-877-4462 • DanaHendricks@ProAssurance.com ProAssurance Reports Results for Fourth Quarter 2023 BIRMINGHAM, AL – (BUSINESSWIRE) – February 27, 2024 – ProAssurance Corporation (NYSE: PRA) reports net income of $6.4 million, or $0.12 per diluted share, and an operating loss of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023. (1) Fourth Quarter 2023 (2) Management Commentary & ...