PRA Stock Recent News

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ProAssurance (PRA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

ProAssurance (PRA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

ProAssurance (PRA) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

The heavy selling pressure might have exhausted for ProAssurance (PRA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Thanks to its cost-controlling efforts, ProAssurance's (PRA) expenses are expected to decline in the coming quarters.

BIRMINGHAM, Ala.--(BUSINESS WIRE)--ProAssurance Corporation (NYSE:PRA) today announced that at its Annual Meeting of Shareholders held on May 22, shareholders elected new directors Richard J. Bielen, C.P.A., and Staci M. Pierce, J.D., and re-elected directors Bruce D. Angiolillo, J.D. (chairman), and Samuel A. Di Piazza, Jr., C.P.A., to serve three year terms expiring at the company's 2027 annual meeting. The company's board of directors now consists of 10 members, down from the previous 12. In.

ProAssurance (PRA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

ProAssurance Corporation (NYSE:PRA ) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Heather Wietzel - Senior Vice President, Investor Relations Edward Rand - President and Chief Executive Officer Dana Hendricks - Executive Vice President, Chief Financial Officer, and Treasurer Robert Francis - President, Healthcare Professional Liability Kevin Shook - President, Workers' Compensation Insurance Conference Call Participants Matthew Carletti - JMP Sidney Schultz - Raymond James Robert Farnam - Janney Montgomery Scott LLC Mark Hughes - Truist Securities Operator Good morning, everyone. Welcome to ProAssurance's conference call to discuss the company's first quarter 2024 results.

ProAssurance's (PRA) Q1 results reflect new business growth and strong retention rates, partly offset by higher average claim costs in the Workers' Compensation Insurance segment.

While the top- and bottom-line numbers for ProAssurance (PRA) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.