ProAssurance (NYSE:PRA) Upgraded at Zacks Research

Zacks Research upgraded shares of ProAssurance (NYSE:PRA) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for ProAssurance’s FY2025 earnings at $1.18 EPS, Q2 2026 earnings at $0.28 EPS, FY2026 earnings at $1.07 EPS and FY2027 earnings at $1.26 EPS.

ProAssurance Price Performance

Shares of PRA stock opened at $23.86 on Monday. ProAssurance has a 1-year low of $13.00 and a 1-year high of $24.14. The stock’s 50-day moving average is $23.83 and its 200 day moving average is $22.97. The company has a market cap of $1.23 billion, a P/E ratio of 25.38 and a beta of 0.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.26 and a quick ratio of 0.26.

ProAssurance (NYSE:PRA) last posted its earnings results on Tuesday, August 5th. The insurance provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.33. ProAssurance had a net margin of 4.33% and a return on equity of 5.62%. The company had revenue of $271.94 million during the quarter, compared to analysts’ expectations of $266.72 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. ProAssurance’s revenue for the quarter was down 19.9% compared to the same quarter last year. Research analysts predict that ProAssurance will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Deutsche Bank AG increased its holdings in ProAssurance by 50.1% in the fourth quarter. Deutsche Bank AG now owns 47,679 shares of the insurance provider’s stock valued at $759,000 after buying an additional 15,921 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ProAssurance by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,991 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 1,127 shares in the last quarter. ProShare Advisors LLC increased its holdings in ProAssurance by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 15,354 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 4,723 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ProAssurance by 10.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,977 shares of the insurance provider’s stock worth $2,513,000 after purchasing an additional 15,542 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of ProAssurance by 9,409.8% during the first quarter. GAMMA Investing LLC now owns 48,405 shares of the insurance provider’s stock worth $1,130,000 after purchasing an additional 47,896 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

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.