JMP Securities analyst Matthew Carletti maintained a Buy rating on ProAssurance (NYSE:PRA) Corporation on Friday, setting a price target of $30, which is approximately 17.65% above the present share price of $25.5.
Carletti expects ProAssurance Corporation to post earnings per share (EPS) of $1.71 for the fourth quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in ProAssurance, with an average price target of $28.
The analysts price targets range from a high of $30 to a low of $26.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $269.7 million and a net profit of $0. The company's market cap is $1.38 billion.
According to TipRanks.com, JMP Securities analyst Matthew Carletti is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.0% and a 64.12% success rate.
ProAssurance Corp . is a holding company. It operates through the following segments: Specialty Property and Casualty, Workers' Compensation Insurance, Lloyd's Syndicate, Segregated Portfolio Cell Reinsurance and Corporate. The Specialty Property and Casualty segment includes professional liability business and medical technology and life sciences business. The Workers' Compensation Insurance segment includes the workers' compensation business which the company provides for employers, groups and associations. The Lloyd's Syndicate segment includes operating results from participation in Lloyd's Syndicate 1729. The Segregated Portfolio Cell Reinsurance segment assumes workers' compensation insurance, healthcare professional liability insurance or a combination of the two from Workers' Compensation Insurance and Specialty Property & Casualty segments. The Corporate segment includes investing operations managed at the corporate level, non-premium revenues generated outside of insurance entities, and corporate expenses, including interest and U.S. income taxes. The company was founded in 1976 and is headquartered in Birmingham, AL.