ProAssurance Corporation (NYSE:PRA) Upgraded
ProAssurance Corporation (NYSE:PRA) has been upgraded to a buy with a 2012 price target of $110 issued today by Economist Shayne Heffernan.
The Board of Directors of ProAssurance Corporation (NYSE: PRA) has declared a cash dividend $0.25 per common share, payable on October 11, 2012 to shareholders who own our stock as of September 27, 2012.
Our dividend policy, announced on September 7, 2011, anticipates a total annual dividend of $1.00 per share, to be paid in equal quarterly installments. However, any decision to pay future cash dividends is subject to the Board’s final determination after a comprehensive review of the company’s financial performance, future expectations and other factors deemed relevant by the Board.
About ProAssurance
ProAssurance Corporation is the nation’s largest independently traded specialty writer of medical professional liability insurance. ProAssurance is recognized as one of the top performing insurance companies in America by virtue of our inclusion in the Ward’s 50 for the past six years. ProAssurance is rated “A” (Strong) by Fitch Ratings; ProAssurance Group is rated “A” (Excellent) by A.M. Best.
Institutional Holders
| % Shares Owned: | 78.43% |
| # of Holders: | 272 |
| Total Shares Held: | 24,049,539 |
| 3 Mo. Net Change: | -736,711 |
| # New Positions: | 30 |
| # Closed Positions: | 22 |
| # Increased Positions: | 129 |
| # Reduced Positions: | 117 |
| # Net Buyers: | 12 |
Build a better Dividend Portfolio
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Valuation Ratios
| Company | Industry | Sector | ||
|---|---|---|---|---|
| P/E Ratio (TTM) | 9.26 | 3.18 | 20.83 | |
| P/E High – Last 5 Yrs. | 11.49 | 181.27 | 137.82 | |
| P/E Low – Last 5 Yrs. | 8.02 | 15.66 | 94.44 | |
| Beta | 0.35 | 0.81 | 1.19 | |
| Price to Sales (TTM) | 3.85 | 0.54 | 5.58 | |
| Price to Book (MRQ) | 1.20 | 1.20 | 1.30 | |
| Price to Tangible Book (MRQ) | 1.33 | 1.05 | 1.68 | |
| Price to Cash Flow (TTM) | 8.16 | 30.10 | 12.57 | |
| Price to Free Cash Flow (TTM) | 22.18 | 3.34 | 7.76 | |
| % Owned Institutions | – | – | – | |
Dividends
| Company | Industry | Sector | |
|---|---|---|---|
| Dividend Yield | 1.12 | 3.14 | 2.10 |
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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
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