ProAssurance Corporation Buyback
OLI recorded this information on 5/27/2015
Company:
ProAssurance Corporation
Buyback:
PRA buyback
$Amount Authorized:
$100,000,000
Buyback Details:
ProAssurance Corporation (NYSE: PRA) announced today that the Board of Directors has declared a cash dividend of $0.31 per common share, payable on July 9, 2015 to shareholders who own our stock as of June 25, 2015. The Board also authorized an additional $100 million to be used for share repurchase or debt retirement. This brings the outstanding authorization to approximately $187 million as of May 27, 2015. This year, through May 22, 2015, we have repurchased approximately 2.1 million shares at a cost of $94.4 million.
ProAssurance is a holding company for property and casualty insurance companies. Co.'s segments are: Specialty Property and Casualty, which includes its professional liability business and medical technology liability business; Workers' Compensation Insurance, which includes its workers' compensation insurance business; Segregated Portfolio Cell (SPC) Reinsurance, which includes its SPC operations, Inova Re, LTD, S.P.C. and Eastern Re, LTD, S.P.C.; Lloyd's of London market Syndicates, which includes its participation in Lloyd's of London Syndicate 1729 and Lloyd's of London Syndicate 6131; and Corporate, which includes its investment operations of its subsidiary, NORCAL Insurance Company.
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Avg. Broker Rec.
  
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Buy (2.67 out of 4) 11st percentile
(ranked lower than approx. 89% of all stocks covered)
Analysts' Target Price: PRA Stock Forecast Based on Zacks ABR data; powered by Xignite |
