Nuveen Asset Management LLC Sells 70,814 Shares of ProAssurance Co. (NYSE:PRA)

Nuveen Asset Management LLC decreased its position in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 31.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 152,392 shares of the insurance provider's stock after selling 70,814 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.30% of ProAssurance worth $2,425,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mariner LLC boosted its stake in ProAssurance by 4.2% in the 4th quarter. Mariner LLC now owns 17,007 shares of the insurance provider's stock worth $271,000 after purchasing an additional 688 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ProAssurance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,991 shares of the insurance provider's stock worth $461,000 after purchasing an additional 1,127 shares in the last quarter. Rhumbline Advisers boosted its stake in ProAssurance by 0.8% in the fourth quarter. Rhumbline Advisers now owns 160,707 shares of the insurance provider's stock worth $2,557,000 after buying an additional 1,281 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of ProAssurance by 859.4% in 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 during the last quarter. Finally, KBC Group NV lifted its stake in shares of ProAssurance by 75.4% in the 4th quarter. KBC Group NV now owns 4,184 shares of the insurance provider's stock valued at $67,000 after acquiring an additional 1,798 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Analyst Upgrades and Downgrades

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

ProAssurance Stock Down 0.1%

Shares of PRA stock traded down $0.03 during mid-day trading on Friday, reaching $23.14. 456,400 shares of the company's stock traded hands, compared to its average volume of 460,000. The company's 50-day moving average price is $23.14 and its 200-day moving average price is $18.61. The company has a market cap of $1.19 billion, a P/E ratio of 27.87 and a beta of 0.14. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. ProAssurance Co. has a 12 month low of $10.76 and a 12 month high of $23.70.

ProAssurance (NYSE:PRA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 2.65% and a net margin of 3.71%. The company had revenue of $236.28 million during the quarter, compared to the consensus estimate of $272.85 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities analysts expect that ProAssurance Co. will post 0.8 earnings per share for the current fiscal year.

ProAssurance Profile

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.