Dimensional Fund Advisors LP Grows Position in ProAssurance Co. (NYSE:PRA)

Dimensional Fund Advisors LP raised its holdings in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,703,953 shares of the insurance provider's stock after acquiring an additional 123,232 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.29% of ProAssurance worth $43,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its position in shares of ProAssurance by 307.5% during the third quarter. Barclays PLC now owns 85,117 shares of the insurance provider's stock worth $1,280,000 after purchasing an additional 64,228 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ProAssurance by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,175 shares of the insurance provider's stock worth $3,808,000 after purchasing an additional 65,325 shares during the period. KBC Group NV grew its stake in shares of ProAssurance by 75.4% during the fourth quarter. KBC Group NV now owns 4,184 shares of the insurance provider's stock valued at $67,000 after buying an additional 1,798 shares during the last quarter. Savant Capital LLC raised its stake in shares of ProAssurance by 49.6% during the fourth quarter. Savant Capital LLC now owns 45,240 shares of the insurance provider's stock valued at $720,000 after acquiring an additional 14,991 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of ProAssurance by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,316,249 shares of the insurance provider's stock worth $20,678,000 after purchasing an additional 4,814 shares during the period. 85.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PRA shares. Piper Sandler upped their target price on ProAssurance from $18.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday. StockNews.com initiated coverage on shares of ProAssurance in a research note on Saturday, May 3rd. They set a "hold" rating for the company. Raymond James downgraded ProAssurance from a "market perform" rating to an "underperform" rating in a research report on Thursday, April 10th. Citigroup cut shares of ProAssurance to a "market perform" rating in a research report on Thursday, April 3rd. Finally, Citizens Jmp downgraded shares of 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 given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ProAssurance presently has a consensus rating of "Hold" and a consensus price target of $21.00.

ProAssurance Stock Performance

PRA traded up $0.02 on Friday, hitting $22.93. 139,996 shares of the company traded hands, compared to its average volume of 434,046. The company has a 50 day moving average of $21.32 and a 200-day moving average of $17.60. ProAssurance Co. has a 12-month low of $10.76 and a 12-month high of $23.70. The stock has a market capitalization of $1.17 billion, a PE ratio of 27.63 and a beta of 0.04. 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 (NYSE:PRA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The insurance provider reported $0.13 earnings per share 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 analysts' expectations of $272.85 million. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. The firm's revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. Sell-side analysts anticipate that ProAssurance Co. will post 0.8 earnings per share for the current 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.