“We view PRA as one of the most conservative insurers in the sector. The company has a long track record of building shareholder value (book value plus cumulative dividends), averaging 13% growth per year for the last 25 years. Much of the strong performance is related to significant favorable prior-year loss reserve development. PRA also continues to operate with very low leverage, and the board has declared special dividends in each of the last four years (and five of the last six). The stock is currently trading at 1.3x book, a discount to the median P/B multiple of 1.5x for a peer group of 13 specialty insurers. PRA’s returns have underperformed the peer group in recent years, largely due to poor underwriting results of the company’s Lloyd’s Syndicates segment and caution related to potential loss severity trends in the Specialty P&C segment.”
According to TipRanks.com, Farnam has 0 stars on 0-5 star ranking scale with an average return of -9.3% and a 35.3% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, 1347 Property Insurance Holdings Inc, and Hallmark Financial Services.
ProAssurance Corporation has an analyst consensus of Hold.
ProAssurance Corporation’s market cap is currently $2.07B and has a P/E ratio of 31.00. The company has a Price to Book ratio of 1.33.
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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 Insurance, Lloyd’s Syndicate, Segregated Portfolio Cell Reinsurance and Corporate.