NEW YORK (

TheStreet

) --

Proassurance Corporation

(NYSE:

PRA

) hit a new 52-week high Thursday as it traded at $64.66 compared with its previous 52-Week high of $62.53. Proassurance is changing hands at $63.62 with 1,900 shares traded as of 9:31 a.m. ET. Average volume has been 122,900 shares over the past 30 days.

Proassurance has a market cap of $1.8 billion and is part of the

financial

sector and

insurance

industry. Shares are down 2.3% year to date as of the close of trading on Wednesday.

ProAssurance Corporation, through its subsidiaries, provides professional liability insurance products primarily to physicians, dentists, other healthcare providers, and healthcare facilities in the United States. It also engages in the legal professional liability business. The company has a P/E ratio of nine, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 22.7.

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, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Proassurance Ratings Report

.

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