Proassurance Stock Hits New 52-Week High (PRA)

NEW YORK ( TheStreet) -- Proassurance Corporation (NYSE: PRA) hit a new 52-week high Thursday as it is currently trading at $86.90, above its previous 52-week high of $85.04 with 27,370 shares traded as of 9:40 a.m. ET. Average volume has been 145,500 shares over the past 30 days.

Proassurance has a market cap of $2.47 billion and is part of the financial sector and insurance industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

ProAssurance Corporation, through its subsidiaries, provides medical and other professional liability insurance products to health care service, legal service, and other professional service providers in the United States. The company has a P/E ratio of 10.6, above the average insurance industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Proassurance as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. 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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