ProAssurance Co. (NYSE:PRA) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in ProAssurance Co. (NYSE:PRA - Free Report) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,955 shares of the insurance provider's stock after buying an additional 70,780 shares during the quarter. JPMorgan Chase & Co. owned 0.63% of ProAssurance worth $5,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in ProAssurance by 0.8% in the fourth quarter. Rhumbline Advisers now owns 160,707 shares of the insurance provider's stock valued at $2,557,000 after acquiring an additional 1,281 shares in the last quarter. KBC Group NV raised 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 purchasing an additional 1,798 shares in the last quarter. 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 during the last quarter. Allspring Global Investments Holdings LLC grew its stake in ProAssurance by 0.4% in the fourth 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 in the last quarter. Finally, Principal Financial Group Inc. grew its stake in ProAssurance by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 248,069 shares of the insurance provider's stock worth $3,947,000 after purchasing an additional 6,919 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PRA. Citigroup downgraded ProAssurance to a "market perform" rating in a report on Thursday, April 3rd. Raymond James cut ProAssurance from a "market perform" rating to an "underperform" rating in a research note on Thursday, April 10th. StockNews.com started coverage on shares of ProAssurance in a research note on Thursday, April 17th. They set a "hold" rating for the company. 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 research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $18.67.

ProAssurance Price Performance

NYSE:PRA remained flat at $23.03 during midday trading on Wednesday. The company had a trading volume of 80,819 shares, compared to its average volume of 731,149. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 27.75 and a beta of -0.09. The firm has a fifty day moving average of $19.37 and a two-hundred day moving average of $16.95. 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 twelve month low of $10.76 and a twelve month high of $23.70.

ProAssurance (NYSE:PRA - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.19. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. The company had revenue of $287.52 million during the quarter, compared to the consensus estimate of $274.56 million. On average, equities research analysts forecast that ProAssurance Co. will post 0.8 earnings per share 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.