Proassurance Stock To Go Ex-dividend Tomorrow (PRA)

NEW YORK (TheStreet) -- The ex-dividend date for Proassurance Corporation (NYSE:PRA) is tomorrow, March 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $89.65 as of 9:34 a.m. ET, the dividend yield is 1.1%.

The average volume for Proassurance has been 145,500 shares per day over the past 30 days. Proassurance has a market cap of $2.47 billion and is part of the financial sector and insurance industry. Shares are up 11.2% year to date as of the close of trading on Friday.

ProAssurance Corporation, through its subsidiaries, provides medical and other professional liability insurance products to health care service, legal service, and other professional service providers in the United States. The company has a P/E ratio of 9.5, below the average insurance industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Proassurance as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Proassurance Ratings Report.

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