ExodusPoint Capital Management LP decreased its position in ProAssurance Co. (NYSE:PRA – Free Report) by 56.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,992 shares of the insurance provider’s stock after selling 43,343 shares during the period. ExodusPoint Capital Management LP owned about 0.06% of ProAssurance worth $610,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in ProAssurance by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,140,790 shares of the insurance provider’s stock worth $119,806,000 after buying an additional 74,033 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in ProAssurance by 2.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,019,414 shares of the insurance provider’s stock worth $71,349,000 after buying an additional 60,057 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in ProAssurance by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,128,825 shares of the insurance provider’s stock worth $37,190,000 after buying an additional 150,158 shares in the last quarter. State Street Corp lifted its position in ProAssurance by 0.3% in the 3rd quarter. State Street Corp now owns 1,945,679 shares of the insurance provider’s stock worth $38,058,000 after buying an additional 6,345 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in ProAssurance by 84.2% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,739,490 shares of the insurance provider’s stock worth $30,389,000 after buying an additional 794,940 shares in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.
ProAssurance Stock Down 0.6 %
ProAssurance stock opened at $17.51 on Thursday. The company has a market capitalization of $911.66 million, a P/E ratio of 97.28 and a beta of 0.42. The firm’s fifty day simple moving average is $16.80 and its 200-day simple moving average is $16.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38. ProAssurance Co. has a 1-year low of $11.87 and a 1-year high of $22.82.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Truist Financial cut their target price on shares of ProAssurance from $22.00 to $16.00 in a research report on Wednesday, May 17th. JMP Securities cut their price target on shares of ProAssurance from $30.00 to $25.00 in a report on Wednesday, July 12th. Piper Sandler raised their price target on shares of ProAssurance from $15.00 to $16.00 in a report on Thursday, July 6th. Finally, StockNews.com began coverage on shares of ProAssurance in a report on Thursday, August 17th. They set a “hold” rating on the stock.
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, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicates segments.
- Five stocks we like better than ProAssurance
- Are Stock Buybacks Good for the Average Investor?
- These Quality Dividend Kings Grow their Dividends the Fastest
- Why Consider Investing in Nanotechnology Stocks
- 3 Growth Stocks to Buy in September
- How to Calculate Return on Investment (ROI)
- 3 Underappreciated Stocks with Nowhere to Go But Up
Receive News & Ratings for ProAssurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProAssurance and related companies with MarketBeat.com's FREE daily email newsletter.