Analyst Price Target is $16.33
▲ +2.66% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for ProAssurance in the last 3 months. The average price target is $16.33, with a high forecast of $20.00 and a low forecast of $14.00. The average price target represents a 2.66% upside from the last price of $15.91.
Current Consensus is
Moderate Buy
The current consensus among 3 investment analysts is to moderate buy stock in ProAssurance. This rating has held steady since December 2023, when it changed from a Hold consensus rating.
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds. The company also provides workers' compensation insurance products, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for individual companies, agencies, groups, and associations. The company also participates in Syndicate 1729 at Lloyd's of London for underwriting. It markets its products through independent agencies and brokers, as well as an internal business development team. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
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