PRA

ProAssuranceD

NYSE / Insurance

At close

2026-06-03

Current thesis

The constructive view is mainly event-driven: the stock closed at $24.60 on May 13, 2026 versus $25.00 cash merger consideration, while Q1 also showed improved operating income, better loss ratios, favorable reserve development, 6% renewal pricing, and stronger Specialty P&C new business. If remaining approvals arrive on time, spread capture is the main upside path, but the remaining spread is small.

Posture

Defensive

Lead driver

Sentiment

What changed

3 setup hits (3d) with net bullish as of 2026-06-03.

What can break

Book value per share fell to $25.94 at March 31, 2026 from $26.24 at December 31, 2025 due largely to AOCI pressure from unrealized fixed-income losses as rates rose.

Momentum

Value

Sentiment

Setup hits (3d)

3 · Net Bullish

AI TargetsBase $24.80 · Bull $25.00 · Bear $22.00

Data freshness

Prices

As of 2026-06-03

Fundamentals

As of 2026-06-02 • Vendor: Data Vendor v1

Scores

As of 2026-06-03 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-14 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-03

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Bullish

Target $25.00

Why

Momentum46 · Δ7d +7.5

Value44 · Δ7d -0.7

Sentiment52 · Δ7d +3.3

So what

Weak posture (Net Bullish). Prioritize risk control and patience.

Lead driver: Sentiment · See AI snapshot

Momentum

34% active weight

Current posture

7d trendImproving

Δ7d

+7.5

Δ21d

+2.4

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-0.7

Δ21d

+0.1

Sentiment

33% active weight

Current posture

7d trendImproving

Δ7d

+3.3

Δ21d

+49.7

Why this grade

Composite grade D. Momentum 45.8 / Value 44.3 / Sentiment 51.6

Fundamentals (TTM)

As of 2026-06-02

Market Cap

$1.24B

Beta

0.10

Shares Out

51.41M

P/E (TTM)

36.9

P/S (TTM)

1.12

P/FCF (TTM) · Derived

-97.53

Rev YoY

-2.1%

EPS YoY

-91.3%

Gross Margin

Op Margin

+4.5%

Net Debt

$369.99M

Current Ratio

As of 2026-06-03 • Updated nightlySource: Internal modelMethodology