Extremely important positive changes in investment behavior have recently occurred for ProAssurance Corp (NYSE: PRA): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
ProAssurance Corp (NYSE: PRA). Marginal positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. ProAssurance has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 64, triggering the Neutral Value Trend Rating.
Recent Price Action
ProAssurance Corp (NYSE: PRA) stock closed at $13.51 on 8/21/24 after a modest gain of 0.4%. However, trading volume in this advance was exceptionally low at 35% of normal. The stock has risen 3.0% during the last week but has been weak relative to the market over the last nine months.
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