Pro-Assurance Corp Receives a Hold from KBW

By Austin Angelo

In a report issued on December 4, Arash Soleimani from KBW reiterated a Hold rating on Pro-Assurance Corp (NYSE: PRA), with a price target of $61. The company’s shares opened today at $61.65, close to its 52-week high of $63.

According to TipRanks.com, Soleimani is a 3-star analyst with an average return of 3.3% and a 60.0% success rate. Soleimani covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Universal Insurance Holdings Inc, and Infinity Property and Casualty.

Pro-Assurance Corp has an analyst consensus of Moderate Buy, with a price target consensus of $65.50.

Pro-Assurance Corp’s market cap is currently $3.31B and has a P/E ratio of 22.92. The company has a book value ratio of 1.7791.

Based on the recent corporate insider activity of 72 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.