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JMP Securities downgrades ProAssurance (PRA) to a Hold

Tipranks - Thu Apr 3, 2025

ProAssurance (PRAResearch Report) received a Hold rating and price target from JMP Securities analyst Matthew Carletti today. The company’s shares closed yesterday at $23.36.

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Carletti covers the Financial sector, focusing on stocks such as ProAssurance, GooseHead Insurance, and Chubb. According to TipRanks, Carletti has an average return of 15.8% and a 65.32% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ProAssurance with a $19.00 average price target.

Based on ProAssurance’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $284.28 million and a net profit of $16.17 million. In comparison, last year the company earned a revenue of $296.96 million and had a net profit of $6.38 million

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