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ProAssurance ( (PRA) ) has provided an update.
ProAssurance announced its financial results for the third quarter of 2023, highlighting a significant increase in net income compared to the same period last year. The company attributes this growth to improved underwriting results and favorable investment returns, which have positively impacted its financial stability and market position.
The most recent analyst rating on (PRA) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on ProAssurance stock, see the PRA Stock Forecast page.
Spark’s Take on PRA Stock
According to Spark, TipRanks’ AI Analyst, PRA is a Outperform.
ProAssurance demonstrates a solid financial recovery with significant improvements in revenue and operating margins. The stock shows robust technical strength and reasonable valuation. Earnings call insights support the positive momentum, although cash flow and expense management remain areas to watch.
To see Spark’s full report on PRA stock, click here.
More about ProAssurance
Average Trading Volume: 1,010,439
Technical Sentiment Signal: Buy
Current Market Cap: $1.19B
See more insights into PRA stock on TipRanks’ Stock Analysis page.