214,228 Shares in ProAssurance Corporation $PRA Acquired by Groupe la Francaise

Groupe la Francaise acquired a new stake in shares of ProAssurance Corporation (NYSE:PRA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 214,228 shares of the insurance provider’s stock, valued at approximately $4,891,000. Groupe la Francaise owned about 0.42% of ProAssurance at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in ProAssurance during the first quarter valued at $319,000. Wolverine Asset Management LLC bought a new position in shares of ProAssurance in the first quarter worth $84,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of ProAssurance by 3.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,389 shares of the insurance provider’s stock valued at $2,461,000 after acquiring an additional 3,237 shares in the last quarter. Virtu Financial LLC purchased a new position in ProAssurance in the 1st quarter worth approximately $639,000. Finally, Nuveen LLC bought a new position in ProAssurance in the first quarter valued at $3,500,000. Institutional investors own 85.58% of the company’s stock.

ProAssurance Stock Performance

NYSE:PRA opened at $23.94 on Thursday. ProAssurance Corporation has a fifty-two week low of $13.90 and a fifty-two week high of $24.22. The firm has a market capitalization of $1.23 billion, a PE ratio of 36.82 and a beta of 0.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s fifty day moving average is $24.02 and its 200 day moving average is $23.71.

ProAssurance (NYSE:PRA) last issued its quarterly earnings results on Friday, May 20th. The insurance provider reported $0.04 EPS for the quarter. The company had revenue of $220.02 million for the quarter. ProAssurance had a net margin of 3.01% and a return on equity of 4.78%. On average, sell-side analysts anticipate that ProAssurance Corporation will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PRA shares. Wall Street Zen upgraded ProAssurance to a “sell” rating in a research report on Saturday, November 22nd. Zacks Research downgraded ProAssurance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ProAssurance in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ProAssurance presently has a consensus rating of “Reduce” and an average price target of $25.00.

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.