ProAssurance Corp (NYSE: PRA) stock enjoyed a major increase of 16.3% on 8/9/24. The shares closed at $13.42. Moreover, this advance was accompanied by unusually high trading volume at 174% of normal. The stock has risen 6.3% during the last week but has been weak relative to the market over the last nine months.
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 (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ProAssurance has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 62, triggering the 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.
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