ProAssurance (PRA) Reaches $38.13 1 Year Low; Interdigital Has 1.21 Sentiment

June 14, 2018 - By Peter Erickson

ProAssurance Corporation (NYSE:PRA) Logo

The stock of ProAssurance Corporation (NYSE:PRA) hit a new 52-week low and has $36.22 target or 5.00% below today’s $38.13 share price. The 7 months bearish chart indicates high risk for the $2.04 billion company. The 1-year low was reported on Jun, 14 by Barchart.com. If the $36.22 price target is reached, the company will be worth $102.15M less. The stock decreased 0.97% or $0.375 during the last trading session, reaching $38.125. About 167,117 shares traded. ProAssurance Corporation (NYSE:PRA) has declined 26.87% since June 14, 2017 and is downtrending. It has underperformed by 39.44% the S&P500. Some Historical PRA News: ; 13/03/2018 – ProAssurance Announces Presentation to Investors at the CFA Society of New York’s Insurance Conference; 13/04/2018 – ProAssurance: Board Nominates Kedrick Adkins Jr. for Election to Board; 03/05/2018 – PROASSURANCE CORP QTRLY NET INCOME PER DILUTED SHARE $0.22; 03/05/2018 – ProAssurance 1Q Rev $201M; 07/03/2018 ProAssurance Declares Quarterly Dividend; 29/03/2018 – Triad Advisors Facilitates Recruitment Of Veteran Financial Advisor Chris Kohne To Sugarloaf Wealth Management; 03/05/2018 – ProAssurance 1Q EPS 22c; 03/05/2018 – PROASSURANCE CORP QTRLY NET PREMIUMS EARNED $187.2 MLN VS $182.9 MLN; 22/04/2018 – DJ ProAssurance Corporation, Inst Holders, 1Q 2018 (PRA); 21/05/2018 – Consolidated Research: 2018 Summary Expectations for Twin Disc, Cousins Properties, Cheniere Energy Partners LP, ProAssurance,

Interdigital Inc (IDCC) investors sentiment increased to 1.21 in 2018 Q1. It’s up 0.04, from 1.17 in 2017Q4. The ratio improved, as 117 investment professionals increased or opened new equity positions, while 97 sold and trimmed positions in Interdigital Inc. The investment professionals in our database now have: 24.72 million shares, up from 24.33 million shares in 2017Q4. Also, the number of investment professionals holding Interdigital Inc in top ten equity positions was flat from 1 to 1 for the same number . Sold All: 21 Reduced: 76 Increased: 84 New Position: 33.

Permit Capital Llc holds 5.19% of its portfolio in InterDigital, Inc. for 127,000 shares. Goodman Financial Corp owns 83,995 shares or 2.91% of their US portfolio. Moreover, Smithbridge Asset Management Inc De has 1.95% invested in the company for 40,000 shares. The Connecticut-based Cardinal Capital Management Llc Ct has invested 1.89% in the stock. Freestone Capital Holdings Llc, a Washington-based fund reported 246,754 shares.

Ratings analysis reveals 0 of Interdigital Comm’s analysts are positive. Out of 3 Wall Street analysts rating Interdigital Comm, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. IDCC was included in 3 notes of analysts from September 9, 2016. The stock has “Equal Weight” rating by Barclays Capital on Friday, September 9. On Wednesday, December 7 the stock rating was downgraded by Sidoti to “Neutral”. The firm earned “Neutral” rating on Wednesday, October 5 by Dougherty & Company.

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. The company has market cap of $2.95 billion. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. It has a 17.42 P/E ratio. The firm develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN.

The stock increased 1.19% or $1 during the last trading session, reaching $84.85. About 133,209 shares traded. InterDigital, Inc. (IDCC) has declined 3.68% since June 14, 2017 and is downtrending. It has underperformed by 16.25% the S&P500. Some Historical IDCC News: ; 29/05/2018 – Acacia Research’s activists confident as ISS decision nears –; 04/04/2018 – lnterDigital and Kyocera Corporation Sign Multi-Year Patent License Agreement; 22/05/2018 – lnterDigital Issues Revenue Guidance for Second Quarter 2018; 22/05/2018 – 5TONIC Lab Recognized as Digital Innovation Hub; 09/05/2018 – Buckinghamshire County Council and Hertfordshire County Council Join oneTRANSPORT Data Marketplace; 21/03/2018 – InterDigital Wins 5G Smart Tourism Bid; 22/05/2018 – InterDigital Sees 2Q Rev $63M-$67M; 08/03/2018 – IAM Magazine: Exclusive analysis of InterDigital’s new industry-leading portfolio following Technicolor acquisition 08 Mar 18; 19/03/2018 – Chordant Platform Achieves First oneM2M Certification Based on Expanded Verification Program; 17/05/2018 – 3 Years, 20 Companies, 18 Groundbreaking Experiments: 5G-Crosshaul Successfully Concludes Most Ambitious 5G Transport Network R

More notable recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Seekingalpha.com which released: “InterDigital Inc. Is A Buy” on June 08, 2018, also Nasdaq.com with their article: “InterDigital works together with Mobile industry to deliver complete 5G system standard on time” published on June 14, 2018, Globenewswire.com published: “InterDigital Issues Revenue Guidance for Second Quarter 2018” on May 22, 2018. More interesting news about InterDigital, Inc. (NASDAQ:IDCC) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” published on June 12, 2018 as well as Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within Dermira, Atlassian, 51job, Sierra Wireless, Grupo Aeroportuario del …” with publication date: June 05, 2018.

Analysts await InterDigital, Inc. (NASDAQ:IDCC) to report earnings on July, 26. They expect $0.28 earnings per share, down 80.82% or $1.18 from last year’s $1.46 per share. IDCC’s profit will be $9.73 million for 75.76 P/E if the $0.28 EPS becomes a reality. After $1.29 actual earnings per share reported by InterDigital, Inc. for the previous quarter, Wall Street now forecasts -78.29% negative EPS growth.

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company has market cap of $2.04 billion. The firm operates through Specialty Property and Casualty, Workers' Compensation, and Lloyd's Syndicate divisions. It has a 26.29 P/E ratio. It offers professional liability insurance for healthcare professionals and facilities; professional liability insurance for attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance for employers, groups, and associations.

Analysts await ProAssurance Corporation (NYSE:PRA) to report earnings on August, 6. They expect $0.41 EPS, up 2.50% or $0.01 from last year’s $0.4 per share. PRA’s profit will be $21.97M for 23.25 P/E if the $0.41 EPS becomes a reality. After $0.40 actual EPS reported by ProAssurance Corporation for the previous quarter, Wall Street now forecasts 2.50% EPS growth.

Since January 10, 2018, it had 2 insider buys, and 3 selling transactions for $8.06 million activity. Another trade for 3,000 shares valued at $122,250 was bought by O NEIL FRANK B. Shares for $1.42 million were sold by STARNES WILLIAM STANCIL. Another trade for 2,000 shares valued at $81,500 was made by FRIEDMAN HOWARD H on Monday, May 7.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.10, from 1.08 in 2017Q4. It is negative, as 20 investors sold ProAssurance Corporation shares while 70 reduced holdings. 30 funds opened positions while 58 raised stakes. 42.63 million shares or 1.01% more from 42.20 million shares in 2017Q4 were reported. Df Dent & reported 6,165 shares stake. Polar Cap Llp reported 387,500 shares or 0.19% of all its holdings. 28,650 are owned by Alliancebernstein Limited Partnership. 767,465 are held by Eagle Asset Management Incorporated. Parametric Associates Llc stated it has 329,131 shares. Voya Inv Mgmt Lc invested in 0.04% or 376,568 shares. Prudential reported 0.01% in ProAssurance Corporation (NYSE:PRA). Robeco Institutional Asset Management Bv holds 371,244 shares or 0.08% of its portfolio. Natixis Advsrs Limited Partnership accumulated 11,033 shares. Smith Graham Co Lp holds 0.36% or 77,040 shares. Thomson Horstmann Bryant has 0.04% invested in ProAssurance Corporation (NYSE:PRA). American has invested 0% in ProAssurance Corporation (NYSE:PRA). Wellington Management Grp Ltd Liability Partnership reported 13,520 shares stake. State Common Retirement Fund stated it has 0.01% in ProAssurance Corporation (NYSE:PRA). Comerica Comml Bank holds 0.02% in ProAssurance Corporation (NYSE:PRA) or 57,112 shares.

Among 5 analysts covering ProAssurance (NYSE:PRA), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. ProAssurance has $61.0 highest and $5000 lowest target. $52.33’s average target is 37.26% above currents $38.125 stock price. ProAssurance had 12 analyst reports since January 21, 2016 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, February 22 by Sandler O’Neill. The rating was downgraded by SunTrust to “Hold” on Wednesday, April 4. SunTrust upgraded ProAssurance Corporation (NYSE:PRA) on Thursday, January 21 to “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, April 10. Boenning & Scattergood maintained the stock with “Hold” rating in Tuesday, August 1 report. As per Wednesday, September 20, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating given on Friday, April 6 by Sandler O’Neill. The stock of ProAssurance Corporation (NYSE:PRA) has “Hold” rating given on Thursday, August 17 by Keefe Bruyette & Woods. As per Thursday, January 21, the company rating was upgraded by Suntrust Robinson. Keefe Bruyette & Woods maintained ProAssurance Corporation (NYSE:PRA) on Monday, December 4 with “Hold” rating.

ProAssurance Corporation (NYSE:PRA) Institutional Positions Chart

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