ProAssurance Co. (NYSE:PRA) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in ProAssurance Co. (NYSE:PRA - Free Report) by 2,655.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 645,358 shares of the insurance provider's stock after purchasing an additional 621,935 shares during the period. Janus Henderson Group PLC owned about 1.26% of ProAssurance worth $10,268,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new position in shares of ProAssurance in the fourth quarter worth approximately $359,000. Amundi grew its holdings in shares of ProAssurance by 182.3% in the fourth quarter. Amundi now owns 25,634 shares of the insurance provider's stock worth $389,000 after purchasing an additional 16,552 shares during the last quarter. Prudential Financial Inc. increased its position in shares of ProAssurance by 57.3% in the fourth quarter. Prudential Financial Inc. now owns 86,703 shares of the insurance provider's stock valued at $1,379,000 after acquiring an additional 31,580 shares during the period. American Century Companies Inc. raised its position in ProAssurance by 17.2% during the 4th quarter. American Century Companies Inc. now owns 391,609 shares of the insurance provider's stock valued at $6,230,000 after purchasing an additional 57,556 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of ProAssurance by 28.0% during the fourth quarter. JPMorgan Chase & Co. now owns 323,955 shares of the insurance provider's stock valued at $5,154,000 after acquiring an additional 70,780 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

ProAssurance Stock Performance

NYSE PRA traded down $0.07 on Tuesday, hitting $23.20. 441,866 shares of the company's stock traded hands, compared to its average volume of 445,858. ProAssurance Co. has a 1-year low of $10.76 and a 1-year high of $23.70. The firm has a market capitalization of $1.19 billion, a PE ratio of 27.95 and a beta of 0.04. The firm's 50-day moving average price is $22.39 and its two-hundred day moving average price is $18.03. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.35.

ProAssurance (NYSE:PRA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $236.28 million during the quarter, compared to analyst estimates of $272.85 million. ProAssurance had a return on equity of 2.65% and a net margin of 3.71%. The company's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. As a group, analysts expect that ProAssurance Co. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James cut ProAssurance from a "market perform" rating to an "underperform" rating in a research report on Thursday, April 10th. StockNews.com began coverage on ProAssurance in a research note on Monday. They issued a "hold" rating for the company. Piper Sandler boosted their price target 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 downgraded ProAssurance to a "market perform" rating in a report on Thursday, April 3rd. Finally, Citizens Jmp lowered ProAssurance from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 3rd. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.00.

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.