T. Rowe Price Investment Management Inc. Has $64.62 Million Holdings in ProAssurance Co. (NYSE:PRA)

T. Rowe Price Investment Management Inc. cut its holdings in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,061,594 shares of the insurance provider's stock after selling 511,979 shares during the period. T. Rowe Price Investment Management Inc. owned about 7.94% of ProAssurance worth $64,620,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PRA. Dimensional Fund Advisors LP lifted its holdings in shares of ProAssurance by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,703,953 shares of the insurance provider's stock worth $43,019,000 after purchasing an additional 123,232 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in ProAssurance by 0.4% during 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 buying an additional 4,814 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of ProAssurance by 92.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 690,871 shares of the insurance provider's stock valued at $10,992,000 after buying an additional 331,224 shares during the last quarter. American Century Companies Inc. increased its stake in shares of ProAssurance by 17.2% in the fourth quarter. American Century Companies Inc. now owns 391,609 shares of the insurance provider's stock valued at $6,230,000 after buying an additional 57,556 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 worth $5,154,000 after acquiring an additional 70,780 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

ProAssurance Trading Down 0.5 %

PRA stock traded down $0.12 during mid-day trading on Thursday, reaching $23.10. The company's stock had a trading volume of 420,315 shares, compared to its average volume of 425,767. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 27.83 and a beta of -0.09. The business's 50 day moving average price is $20.42 and its 200 day moving average price is $17.29. 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 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 earnings results on Monday, February 24th. The insurance provider reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.19. ProAssurance had a return on equity of 2.65% and a net margin of 3.71%. The business had revenue of $287.52 million during the quarter, compared to the consensus estimate of $274.56 million. On average, equities research analysts predict that ProAssurance Co. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citizens Jmp downgraded shares of ProAssurance from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 3rd. Raymond James downgraded shares of ProAssurance from a "market perform" rating to an "underperform" rating in a research note on Thursday, April 10th. StockNews.com assumed coverage on shares of ProAssurance in a research report on Friday, April 25th. They set a "hold" rating on the stock. Finally, Citigroup downgraded ProAssurance 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 assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.67.

ProAssurance Company 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.