GAMMA Investing LLC Has $71,000 Stock Position in ProAssurance Corporation $PRA

GAMMA Investing LLC lifted its stake in ProAssurance Corporation (NYSE:PRA) by 50.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,123 shares of the insurance provider’s stock after acquiring an additional 1,050 shares during the quarter. GAMMA Investing LLC’s holdings in ProAssurance were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. CWM LLC increased its position in ProAssurance by 95.9% during the first quarter. CWM LLC now owns 2,204 shares of the insurance provider’s stock worth $51,000 after buying an additional 1,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ProAssurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,293 shares of the insurance provider’s stock worth $707,000 after buying an additional 1,302 shares during the last quarter. Quantbot Technologies LP acquired a new position in ProAssurance during the first quarter worth approximately $47,000. Longfellow Investment Management Co. LLC acquired a new position in ProAssurance during the first quarter worth approximately $75,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in ProAssurance by 3.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,389 shares of the insurance provider’s stock worth $2,461,000 after buying an additional 3,237 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PRA. Zacks Research raised ProAssurance from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “hold (c)” rating on shares of ProAssurance in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.50.

ProAssurance Stock Up 0.7%

Shares of PRA opened at $24.16 on Friday. ProAssurance Corporation has a one year low of $13.00 and a one year high of $24.19. The company has a market cap of $1.24 billion, a P/E ratio of 25.70 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. The firm has a 50 day simple moving average of $23.86 and a two-hundred day simple moving average of $23.39.

ProAssurance (NYSE:PRA) last announced its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.19 by $0.33. ProAssurance had a net margin of 4.33% and a return on equity of 5.62%. The business had revenue of $271.94 million during the quarter, compared to the consensus estimate of $266.72 million. During the same period in the previous year, the business earned $0.23 earnings per share. The company’s revenue was down 19.9% on a year-over-year basis. Research analysts forecast that ProAssurance Corporation will post 0.8 EPS for the current fiscal year.

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.