How to buy ProAssurance shares | $24.21

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ProAssurance Corporation (PRA) is a leading insurance-property and casualty business based in the US. It opened the day at $24.24 after a previous close of $24.22. During the day the price has varied from a low of $24.01 to a high of $24.38. The latest price was $24.21 (25 minute delay). ProAssurance is listed on the NYSE and employs 827 staff. All prices are listed in US Dollars.

How has coronavirus impacted ProAssurance's share price?

Since the stock market crash that started in February 2020, ProAssurance's share price has had significant negative movement.

Its last market close was $24.35, which is 25.54% down on its pre-crash value of $32.7 and 35.28% up on the lowest point reached during the March 2020 crash when the shares fell as low as $18.

If you had bought $1,000 worth of ProAssurance shares at the start of February 2020, those shares would have been worth $797.25 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $783.10.

ProAssurance share price

Use our graph to track the performance of PRA stocks over time.

ProAssurance shares at a glance

Information last updated 2021-06-15.
Open$24.24
High$24.38
Low$24.01
Close$24.21
Previous close$24.22
Change $-0.01
Change % -0.0413%
Volume 147,105
Information last updated 2021-06-10.
52-week range$12.6584 - $29.0953
50-day moving average $25.0994
200-day moving average $22.8696
Wall St. target price$28
Dividend yield $0.2 (0.81%)
Earnings per share (TTM) $0.669
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Is it a good time to buy ProAssurance stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

ProAssurance price performance over time

Historical closes compared with the last close of $24.21

1 week (2021-06-08) -1.71%
1 month (2021-05-14) -4.72%
3 months (2021-03-16) -13.81%
6 months (2020-12-16) 32.44%
1 year (2020-06-16) 67.20%
2 years (2019-06-14) -36.16%
3 years (2018-06-15) -34.92%
5 years (2016-06-16) -53.05%

Is ProAssurance under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.

PEG ratio

ProAssurance's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.02. A PEG ratio close to 1 can be interpreted as meaning shares offer reasonable value for the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into ProAssurance's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

EBITDA

ProAssurance's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $30.7 million.

The EBITDA is a measure of a ProAssurance's overall financial performance and is widely used to measure a its profitability.

Financials

Revenue TTM $898.3 million
Operating margin TTM 0.82%
Gross profit TTM $-19,588,000
Return on assets TTM 0.1%
Return on equity TTM -10.63%
Profit margin -16.26%
Book value $24.49
Market capitalisation $1.3 billion

TTM: trailing 12 months

How to short and sell ProAssurance shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "PRA.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 1.0 million ProAssurance shares held short by investors – that's known as the "short interest". This figure is 16.8% down from 1.2 million last month.

There are a few different ways that this level of interest in shorting ProAssurance shares can be evaluated.

Short interest ratio (SIR)

ProAssurance's "short interest ratio" (SIR) is the quantity of ProAssurance shares currently shorted divided by the average quantity of ProAssurance shares traded daily (recently around 184513.57798165). ProAssurance's SIR currently stands at 5.45. In other words for every 100,000 ProAssurance shares traded daily on the market, roughly 5450 shares are currently held short.

However ProAssurance's short interest can also be evaluated against the total number of ProAssurance shares, or, against the total number of tradable ProAssurance shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case ProAssurance's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 ProAssurance shares in existence, roughly 20 shares are currently held short) or 0.0252% of the tradable shares (for every 100,000 tradable ProAssurance shares, roughly 25 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against ProAssurance.

Find out more about how you can short ProAssurance stock.

ProAssurance share dividends

0.8%

Dividend yield: 0.81% of stock value

0.8%

Forward annual dividend yield: 0.82% of stock value

ProAssurance has recently paid out dividends equivalent to 0.81% of its share value annually.

ProAssurance's most recent dividend payout was on 13 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 27 June 2021 (the "ex-dividend date").

Have ProAssurance's shares ever split?

ProAssurance's shares were split on a 2:1 basis on 27 December 2012. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your ProAssurance shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for ProAssurance shares which in turn could have impacted ProAssurance's share price.

Share price volatility

Over the last 12 months, ProAssurance's shares have ranged in value from as little as $12.6584 up to $29.0953. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while ProAssurance's is 0.3299. This would suggest that ProAssurance's shares are less volatile than average (for this exchange).

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