This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Proassurance Corporation (PRA): Today's Featured Financial Loser

Proassurance Corporation ( PRA) pushed the Financial sector lower today making it today's featured Financial loser. The sector as a whole closed the day up 1.1%. By the end of trading, Proassurance Corporation fell 82 cents (-0.9%) to $86.62 on average volume. Throughout the day, 105,802 shares of Proassurance Corporation exchanged hands as compared to its average daily volume of 137,700 shares. The stock ranged in price between $86.35-$87.76 after having opened the day at $87.76 as compared to the previous trading day's close of $87.44. Other company's within the Financial sector that declined today were: Carver Bancorp ( CARV), down 18%, First Financial Service Corporation ( FFKY), down 15.7%, Institutional Financial Markets ( IFMI), down 13.3%, and Affirmative Insurance Holdings ( AFFM), down 10.8%.

ProAssurance Corporation, through its subsidiaries, provides professional liability insurance products primarily to healthcare service, and legal service, and other professional service providers in the United States. Proassurance Corporation has a market cap of $2.69 billion and is part of the insurance industry. The company has a P/E ratio of 9.4, above the average insurance industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Friday. Currently there are four analysts that rate Proassurance Corporation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Proassurance Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Radian Group ( RDN), up 18.3%, Consumer Portfolio Services ( CPSS), up 15.4%, Hawthorn ( HWBK), up 12.6%, and Security National Financial Corporation ( SNFCA), up 11.2%, were all gainers within the financial sector with Berkshire Hathaway ( BRK.B) being today's featured financial sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs