On 7/30/24, ProAssurance Corp (NYSE: PRA) stock enjoyed a major increase of 12.6%, closing at $13.16. Moreover, trading volume in this advance was exceptionally high at 253% of normal. The stock has been weak relative to the market over the last nine months but has risen 15.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, PRA is expected to continue to be a modest Value Eraser.
ProAssurance has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. ProAssurance has a neutral Power Rating of 56 and a neutral Appreciation Score of 59, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment