Sandler O’Neill analyst Paul Newsome reiterated a Hold rating on Pro-Assurance Corp (NYSE: PRA) on July 11 and set a price target of $38. The company’s shares closed yesterday at $36.40, close to its 52-week low of $34.95.
According to TipRanks.com, Newsome is a 4-star analyst with an average return of 10.6% and a 76.2% success rate. Newsome covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Cincinnati Financial Corp.
Pro-Assurance Corp has an analyst consensus of Hold, with a price target consensus of $38.
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Based on Pro-Assurance Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.86 million. In comparison, last year the company had a net profit of $19.52 million.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ProAssurance Corp. is a holding company for property and casualty insurance companies. It operates through the following business segments: Specialty Property and Casualty, Workers’ Compensation, Lloyd’s Syndicate, and Corporate.
