ProAssurance Corporation (PRA) Releases Earnings Results, Reports EPS of $0.46 EPS

ProAssurance Corporation (PRA) reported quarterly earnings results on Monday, May-9-2016. The company reported $0.46 EPS for the quarter. Analysts had a consensus estimate of $0.46. The company posted revenue of $193.40 million in the period, compared to analysts expectations of $203.37 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

ProAssurance Corporation opened for trading at $47.9 and hit $48.53 on the upside on Friday, eventually ending the session at $48.48, with a gain of 0.64% or 0.31 points. The heightened volatility saw the trading volume jump to 2,21,892 shares. Company has a market cap of $2,573 M.

In a different news, on Sep 8, 2015, Ziad Haydar (director) purchased 3,065 shares at $48.75 per share price.

ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities professional liability insurance for attorneys liability insurance for medical technology and life sciences risks and workers compensation insurance. The Company operates in four segments: Specialty property and casualty which includes the Company’s professional liability business and medical technology and life sciences business; Workers’ compensation which includes its workers’ compensation business provide for employers groups and associations; Lloyd’s syndicate which includes operating results from its participation in Lloyd’s Syndicate 1729 and Corporate includes the Company’s investing operations managed at the corporate level non-premium revenues generated outside of insurance entities and corporate expenses including interest and United States income taxes.

ProAssurance Corporation

Leave a Reply

ProAssurance Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on ProAssurance Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.