Two Sigma Advisers LP decreased its holdings in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,500 shares of the insurance provider's stock after selling 30,500 shares during the quarter. Two Sigma Advisers LP owned about 0.17% of ProAssurance worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of ProAssurance by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,703,953 shares of the insurance provider's stock worth $43,019,000 after buying an additional 123,232 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of ProAssurance by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,316,249 shares of the insurance provider's stock valued at $20,678,000 after purchasing an additional 4,814 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of ProAssurance by 92.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 690,871 shares of the insurance provider's stock worth $10,992,000 after purchasing an additional 331,224 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of ProAssurance by 2,655.2% in the 4th quarter. Janus Henderson Group PLC now owns 645,358 shares of the insurance provider's stock worth $10,268,000 after purchasing an additional 621,935 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of ProAssurance by 3.1% in the 4th quarter. Northern Trust Corp now owns 559,694 shares of the insurance provider's stock worth $8,905,000 after purchasing an additional 16,983 shares during the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.
ProAssurance Price Performance
PRA traded down $0.03 during trading on Wednesday, reaching $23.15. The stock had a trading volume of 442,560 shares, compared to its average volume of 458,341. The stock has a 50 day moving average of $23.14 and a two-hundred day moving average of $18.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 27.89 and a beta of 0.04. ProAssurance Co. has a 1-year low of $10.76 and a 1-year high of $23.70.
ProAssurance (NYSE:PRA - Get Free Report) last posted 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 return on equity of 2.65% and a net margin of 3.71%. The firm 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 posted $0.08 EPS. The firm's quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities analysts anticipate that ProAssurance Co. will post 0.8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on PRA shares. Piper Sandler upped their target price on shares of ProAssurance from $18.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Citigroup lowered ProAssurance to a "market perform" rating in a report on Thursday, April 3rd. Citizens Jmp cut ProAssurance from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 3rd. Raymond James downgraded ProAssurance from a "market perform" rating to an "underperform" rating in a research note on Thursday, April 10th. Finally, Wall Street Zen began coverage on ProAssurance in a research note on Monday, May 19th. They issued a "hold" rating for the company. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.00.
View Our Latest Stock Report on ProAssurance
ProAssurance Profile
(
Free Report)
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.
See Also
Before you consider ProAssurance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProAssurance wasn't on the list.
While ProAssurance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
