Key Takeaways From ProAssurance Analyst Ratings

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In the latest quarter, 5 analysts provided ratings for ProAssurance PRA, showcasing a mix of bullish and bearish perspectives.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 3 2 0 0
Last 30D 0 0 1 0 0
1M Ago 0 1 0 0 0
2M Ago 0 0 0 0 0
3M Ago 0 2 1 0 0

Analysts have recently evaluated ProAssurance and provided 12-month price targets. The average target is $17.8, accompanied by a high estimate of $22.00 and a low estimate of $14.00. Observing a 4.71% increase, the current average has risen from the previous average price target of $17.00.

Decoding Analyst Ratings: A Detailed Look

The analysis of recent analyst actions sheds light on the perception of ProAssurance by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Mark Hughes Truist Securities Raises Hold $16.00 $14.00
Matthew Carletti JMP Securities Maintains Market Outperform $22.00 -
Paul Newsome Piper Sandler Maintains Overweight $15.00 $15.00
Matthew Carletti JMP Securities Lowers Market Outperform $22.00 $24.00
Mark Hughes Truist Securities Lowers Hold $14.00 $15.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ProAssurance. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of ProAssurance compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for ProAssurance's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

To gain a panoramic view of ProAssurance's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on ProAssurance analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

Get to Know ProAssurance Better

ProAssurance Corp is a holding company for property and casualty insurance companies. The company's wholly-owned insurance subsidiaries provide professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, and workers' compensation insurance. ProAssurance reports operating results in five segments: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. ProAssurance generates the vast majority of its revenue from its Specialty P&C activities, followed by Worker's Compensation.

Understanding the Numbers: ProAssurance's Finances

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: ProAssurance displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 2.9%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 1.64%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): ProAssurance's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.42%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): ProAssurance's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.08%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: ProAssurance's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.4.

What Are Analyst Ratings?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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