Jane Street Group LLC Has $683,000 Stock Holdings in ProAssurance Co. (NYSE:PRA)

Jane Street Group LLC lessened its holdings in shares of ProAssurance Co. (NYSE:PRA) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,916 shares of the insurance provider’s stock after selling 12,385 shares during the quarter. Jane Street Group LLC owned approximately 0.08% of ProAssurance worth $683,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PRA. KBC Group NV increased its position in ProAssurance by 75.4% during the fourth quarter. KBC Group NV now owns 4,184 shares of the insurance provider’s stock worth $67,000 after buying an additional 1,798 shares during the last quarter. Savant Capital LLC lifted its holdings in ProAssurance by 49.6% during the 4th quarter. Savant Capital LLC now owns 45,240 shares of the insurance provider’s stock valued at $720,000 after purchasing an additional 14,991 shares during the last quarter. 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 valued at $20,678,000 after purchasing an additional 4,814 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in ProAssurance by 2.2% during the 4th quarter. New York State Teachers Retirement System now owns 89,326 shares of the insurance provider’s stock valued at $1,421,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in ProAssurance by 0.8% during the 4th quarter. Rhumbline Advisers now owns 160,707 shares of the insurance provider’s stock valued at $2,557,000 after purchasing an additional 1,281 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

ProAssurance Price Performance

Shares of ProAssurance stock opened at $23.16 on Monday. ProAssurance Co. has a twelve month low of $10.76 and a twelve month high of $23.70. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $23.00 and a two-hundred day simple moving average of $18.24. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 27.90 and a beta of 0.04.

ProAssurance (NYSE:PRA) last issued its quarterly earnings data 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). ProAssurance had a return on equity of 2.65% and a net margin of 3.71%. The business had revenue of $236.28 million during the quarter, compared to analyst estimates of $272.85 million. During the same quarter last year, the firm earned $0.08 EPS. ProAssurance’s revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts forecast that ProAssurance Co. will post 0.8 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PRA shares. Citizens Jmp downgraded ProAssurance from an “outperform” rating to a “market perform” rating in a report on Thursday, April 3rd. Citigroup downgraded ProAssurance to a “market perform” rating in a report on Thursday, April 3rd. Raymond James downgraded ProAssurance from a “market perform” rating to an “underperform” rating in a report on Thursday, April 10th. Wall Street Zen started coverage on ProAssurance in a research report on Monday, May 19th. They issued a “hold” rating on the stock. Finally, 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, May 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.