Revenue Update on ProAssurance Corporation(NYSE:PRA)

ProAssurance Corporation(NYSE:PRA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $176.73M. Analysts estimated a revenue of $202.70M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.55.

ProAssurance Corporation (PRA) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.13% at a volume of 96,501. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.94. The peak price level was also seen at $54.94 while the days lowest was $54.56. Finally the shares closed at $54.77. The 52-week high of the shares is $54.94 while the 52-week low is $45.78. According to the latest information available, the market cap of the company is $2,914 M.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2015, Ziad Haydar (director) purchased 3,065 shares at $48.75 per share price.

ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides 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. The Company operates in four segments: Specialty property and casualty which includes the Company’s professional liability business and medical technology and life sciences business; Workers’ compensation which includes its workers’ compensation business provide for employers groups and associations; Lloyd’s syndicate which includes operating results from its participation in Lloyd’s Syndicate 1729 and Corporate includes the Company’s investing operations managed at the corporate level non-premium revenues generated outside of insurance entities and corporate expenses including interest and United States income taxes.

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