NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $70.69 as of 9:36 a.m. ET, the dividend yield is 1.4%.
The average volume for Proassurance has been 170,800 shares per day over the past 30 days. Proassurance has a market cap of $2.1 billion and is part of the
industry. Shares are up 15.9% year to date as of the close of trading on Friday.
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 8.6, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Proassurance as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full