NEW YORK ( TheStreet) -- Proassurance Corporation (NYSE: PRA) hit a new 52-week high Thursday as it is currently trading at $78.49, above its previous 52-week high of $77.89 with 6,559 shares traded as of 9:40 a.m. ET. Average volume has been 212,500 shares over the past 30 days.

Proassurance has a market cap of $2.3 billion and is part of the financial sector and insurance industry. Shares are up 25.9% 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 9.4, 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 buy. 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 Proassurance Ratings Report.

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