Wunderlich Securities ProAssurance Rating And PT Amid 3Q Report

ProAssurance Corp. PRA is expected to report 3Q10 operating results today, Wednesday, November 3, after the market close, Wunderlich Securities reports. “We estimate 3Q10 operating EPS of $1.24 compared to $1.58 a year ago,” Wunderlich Securities writes. “Our estimate includes $25 million in favorable reserve development versus $42.5 million in 3Q09.” Wunderlich Securities says that it estimates book value growth in 3Q10 of 14% to $57.55, adding, “We reiterate our Buy rating and $64 price target on PRA.” ProAssurance Corp. currently trades at $58.30.