In a report released yesterday, Paul Newsome from Sandler O’Neill reiterated a Hold rating on Pro-Assurance Corp (NYSE: PRA), with a price target of $44. The company’s shares closed yesterday at $44.50.
According to TipRanks.com, Newsome is a 4-star analyst with an average return of 10.3% and a 74.6% success rate. Newsome covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Cincinnati Financial Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Pro-Assurance Corp with a $43 average price target, implying a -3.4% downside from current levels. In a report released yesterday, Boenning & Scattergood also maintained a Hold rating on the stock.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $58.65 and a one-year low of $34.95. Currently, Pro-Assurance Corp has an average volume of 463.1K.
Based on the recent corporate insider activity of 87 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.
