Jane Street Group LLC Trims Position in ProAssurance Co. (NYSE:PRA)

Jane Street Group LLC decreased its holdings in ProAssurance Co. (NYSE:PRA - Free Report) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,916 shares of the insurance provider's stock after selling 12,385 shares during the quarter. Jane Street Group LLC owned about 0.08% of ProAssurance worth $683,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PRA. Mariner LLC boosted its position in shares of ProAssurance by 4.2% in the fourth quarter. Mariner LLC now owns 17,007 shares of the insurance provider's stock worth $271,000 after buying an additional 688 shares during the period. Rhumbline Advisers lifted its position in ProAssurance by 0.8% during the 4th quarter. Rhumbline Advisers now owns 160,707 shares of the insurance provider's stock worth $2,557,000 after acquiring an additional 1,281 shares in the last quarter. Sterling Capital Management LLC lifted its position in ProAssurance by 859.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,631 shares of the insurance provider's stock worth $26,000 after acquiring an additional 1,461 shares in the last quarter. KBC Group NV boosted its holdings in ProAssurance by 75.4% in the 4th quarter. KBC Group NV now owns 4,184 shares of the insurance provider's stock worth $67,000 after acquiring an additional 1,798 shares during the period. Finally, New York State Teachers Retirement System lifted its position in shares of ProAssurance by 2.2% during the fourth quarter. New York State Teachers Retirement System now owns 89,326 shares of the insurance provider's stock worth $1,421,000 after purchasing an additional 1,937 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PRA. Wall Street Zen started coverage on ProAssurance in a research report on Monday, May 19th. They issued a "hold" rating for the company. Piper Sandler increased their target price on shares of ProAssurance from $18.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Citigroup lowered shares of ProAssurance to a "market perform" rating in a report on Thursday, April 3rd. Raymond James cut shares of ProAssurance from a "market perform" rating to an "underperform" rating in a report on Thursday, April 10th. Finally, Citizens Jmp lowered ProAssurance from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, ProAssurance has a consensus rating of "Hold" and a consensus target price of $21.00.

ProAssurance Stock Performance

NYSE:PRA traded up $0.01 during midday trading on Friday, reaching $23.16. The stock had a trading volume of 34,540 shares, compared to its average volume of 700,579. ProAssurance Co. has a 1-year low of $10.76 and a 1-year high of $23.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $1.19 billion, a P/E ratio of 27.90 and a beta of 0.04. The firm's fifty day simple moving average is $23.15 and its 200-day simple moving average is $18.39.

ProAssurance (NYSE:PRA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.06). ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. The firm had revenue of $236.28 million during the quarter, compared to the consensus estimate of $272.85 million. During the same period last year, the business earned $0.08 EPS. The business's revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that ProAssurance Co. will post 0.8 EPS for the current fiscal year.

About ProAssurance

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.