PRA's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.47 -- higher than just 4.88% of US-listed equities with positive expected earnings growth.
PRA's went public 29.41 years ago, making it older than 82.81% of listed US stocks we're tracking.
Over the past twelve months, PRA has reported earnings growth of -889.95%, putting it ahead of only 2.22% of US stocks in our set.
Stocks that are quantitatively similar to PRA, based on their financial statements, market capitalization, and price volatility, are TWIN, LDL, MG, DNOW, and CLNE.
ProAssurance Corporation provides property and casualty insurance, and reinsurance products in the United States. The company operates through four segments: Specialty Property and Casualty, Workers' Compensation, Lloyd's Syndicate, and Corporate. The company was founded in 1976 and is based in Birmingham, Alabama.
PRA Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Proassurance Corp. To summarize, we found that Proassurance Corp ranked in the 27th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 67.17%. In terms of the factors that were most noteworthy in this DCF analysis for PRA, they are:
The company's compound free cash flow growth rate over the past 5.5 years comes in at -0.04%; that's greater than merely 19.98% of US stocks we're applying DCF forecasting to.
Proassurance Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -20.14. This coverage rate is greater than that of just 5.34% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Proassurance Corp experienced a tax rate of about 20% over the past twelve months; relative to its sector (Financial Services), this tax rate is higher than 83.77% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
EV, NMFC, SLF, CNFR, and GDOT can be thought of as valuation peers to PRA, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into ProAssurance Corporation (NYSE: PRA). On January 22, 2020, the Company disclosed a $37 million charge to its loss reserves for fourth-quarter 2019 due to “deteriorating loss experience, driven by a large national healthcare account.” Then, on February 20, 2020, the Company disclosed
We at Insider Monkey have gone over 817 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In this article, we look at what those funds think of ProAssurance Corporation (NYSE:PRA) based on that data. […]