News Buzz – ProAssurance Corporation (NYSE:PRA)

ProAssurance Corporation (NYSE:PRA) closed with change of 1.63% to $49.9 with the total traded volume of 254508 shares versus to an average volume of 231.23K. The stock was up in the 5 days activity 4.39%. The one month performance of stock was -5.22%. PRA [NYSE] shares are down -14.03% for the quarter and driving a -9.19% over the course of the past year and is now below -12.69% since this point in 2018.   Right now PRA beta is 0.6. The average volatility for the week and month was at 2.54% and 2.52% respectively.

ProAssurance Corporation (NYSE:PRA) reported that the Board of Directors announced a cash dividend of $0.31 per common share, payable on April 18, 2018 to shareholders who own our stock as of March 29, 2018.

Our dividend policy anticipates a total annual dividend of $1.24 per share, to be paid in equal quarterly installments. However, any decision to pay future cash dividends will be subject to the Board’s final determination after a comprehensive review of the company’s financial performance, future expectations and other factors deemed relevant by the Board.

Also at its meeting today, our Board of Directors moved the Record Date for the 2018 Annual Meeting of Shareholders from March 23, 2018 to March 26, 2018. The date of the Annual Meeting is May 23, 2018.

Shares of ProAssurance Corporation have been recently spotted trading -14.91% off of the 52-week high price. On the other end, company shares have been noted 6.48% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 46.86 – 58.65. Switching over to some distances from popular moving averages, we see that the stock has been recorded -6.50% away from the 50 day moving average and -6.81% away from the 200 day moving average. Moving closer, we can see that shares have been trading -0.71% off of the 20-day moving average.

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, and Lloyd’s 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. The company markets its products through independent agencies and brokers, as well as an internal sales force. ProAssurance Corporation was founded in 1976 and is headquartered in Birmingham, Alabama.

Garrick Tony

Garrick Tony

Garrick Tony is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Garrick is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Business News category for our site. Address: 576 Wayside Lane, Oakland, California Email: Garricktony@stocksgeeks.com Zip Code: 94612 Contact number: 510-327-2666

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