NEW YORK (

TheStreet

) --

Proassurance Corporation

(NYSE:

PRA

) hit a new 52-week high Wednesday as it is currently trading at $79.55, above its previous 52-week high of $79.47 with 158,219 shares traded as of 4 p.m. ET. Average volume has been 186,700 shares over the past 30 days.

Proassurance has a market cap of $2.23 billion and is part of the

financial

sector and

insurance

industry. Shares are up 24.7% year to date as of the close of trading on Tuesday.

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 9.5, above the average insurance industry P/E ratio of 9.2 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 largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins, good cash flow from operations and notable return on equity. 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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