Yousif Capital Management LLC Sells 500 Shares of ProAssurance Corporation (NYSE:PRA)

Yousif Capital Management LLC decreased its position in shares of ProAssurance Corporation (NYSE:PRA) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,185 shares of the insurance provider’s stock after selling 500 shares during the quarter. Yousif Capital Management LLC’s holdings in ProAssurance were worth $448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of ProAssurance by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,703,953 shares of the insurance provider’s stock valued at $43,019,000 after buying an additional 123,232 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ProAssurance by 92.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 690,871 shares of the insurance provider’s stock worth $10,992,000 after buying an additional 331,224 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of ProAssurance by 2,655.2% in the 4th quarter. Janus Henderson Group PLC now owns 645,358 shares of the insurance provider’s stock worth $10,268,000 after purchasing an additional 621,935 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of ProAssurance by 3.1% in the 4th quarter. Northern Trust Corp now owns 559,694 shares of the insurance provider’s stock worth $8,905,000 after purchasing an additional 16,983 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of ProAssurance by 17.2% in the 4th quarter. American Century Companies Inc. now owns 391,609 shares of the insurance provider’s stock worth $6,230,000 after purchasing an additional 57,556 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citizens Jmp cut ProAssurance from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 3rd. Wall Street Zen assumed coverage on ProAssurance in a report on Monday, May 19th. They issued a “hold” rating for the company. Raymond James Financial lowered ProAssurance from a “market perform” rating to an “underperform” rating in a report on Thursday, April 10th. Piper Sandler lifted their target price on ProAssurance from $18.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Finally, Citigroup lowered ProAssurance to a “market perform” rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.00.

ProAssurance Stock Down 0.1%

NYSE PRA opened at $22.91 on Friday. The stock’s 50-day moving average price is $23.09 and its 200-day moving average price is $19.05. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.34. ProAssurance Corporation has a 52 week low of $10.76 and a 52 week high of $23.70. The company has a market capitalization of $1.17 billion, a P/E ratio of 27.93 and a beta of 0.14.

ProAssurance (NYSE:PRA) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $272.85 million. ProAssurance had a net margin of 3.72% and a return on equity of 4.51%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. On average, equities research analysts predict that ProAssurance Corporation 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.