ProAssurance Corporation (NYSE:PRA) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PRA to report 3Q20 income of $ 0.10 per share.
For the full year, analysts anticipate top line of $ 857.06 million, while looking forward to loss of $ 0.54 per share bottom line.
Previous Quarter Performance
ProAssurance Corporation unwinded loss for the second quarter of $ 0.60 per share, from the revenue of $ 207.29 million. Street analysts expected ProAssurance Corporation to report loss of $ 0.74 per share on revenue of $ 231.79 million for the second quarter. The bottom line results beat street analysts by $ 0.14 or 18.92 percent, at the same time, top line results fell short of analysts by $ 24.5 million or 10.57 percent.
Stock Performance
Shares of ProAssurance Corporation traded low $ -0.91 or -5.66 percent on Wednesday, reaching $ 15.16 with volume of 121.70 thousand shares. ProAssurance Corporation has traded high as $ 16.05 and has cracked $ 15.13 on the downward trend
The closing price of $ 15.16, representing a 26.84 % increase from the 52 week low of $ 12.67 and a 61.04 % decrease over the 52 week high of $ 41.25.
The company has a market capital of $ 816.96 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyds Syndicate segments. It offers 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 for employers, groups, and associations.
