ProAssurance shares hit lowest since 2020 after results
10/05/2023 17:14
** Shares of ProAssurance PRA.N were down 22.5% and hit their
lowest level since Nov 2020 on Wed after the insurance holding
co reported quarterly results that missed analyst expectations
late Tues
** The stock was also on track for its biggest daily pct
drop since April 2000 when it fell more than 32% in one session
** Analysts have two buy ratings on the stock and four hold
recommendations, according to Refinitiv data, while the median
price target is $23. The stock was last at $14.61
** Including the session move, the stock is down ~16.4% YTD
compared with about a 2.7% YTD decline in the S&P 600 small cap
index .SPCY
(Reporting by Caroline Valetkevitch)
((caroline.valetkevitch@thomsonreuters.com))