ProAssurance (NYSE:PRA) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

ProAssurance Corporation (NYSE:PRA) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.01 and traded as high as $24.38. ProAssurance shares last traded at $24.2950, with a volume of 443,470 shares.

Analyst Ratings Changes

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

ProAssurance Stock Performance

The firm has a fifty day moving average price of $24.15 and a two-hundred day moving average price of $24.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $1.25 billion, a PE ratio of 37.38 and a beta of 0.09.

Institutional Investors Weigh In On ProAssurance

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of ProAssurance by 356.2% during the second quarter. Russell Investments Group Ltd. now owns 1,405 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 1,097 shares during the period. Cornerstone Planning Group LLC increased its holdings in ProAssurance by 12,152.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 2,818 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 2,795 shares during the period. GAMMA Investing LLC raised its position in ProAssurance by 35.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,238 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 1,115 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of ProAssurance by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,576 shares of the insurance provider’s stock worth $127,000 after buying an additional 4,074 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of ProAssurance by 22.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,679 shares of the insurance provider’s stock worth $130,000 after buying an additional 1,056 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

ProAssurance Company Profile

ProAssurance Corporation is a specialty property and casualty insurance holding company headquartered in Birmingham, Alabama. The company focuses primarily on professional liability coverage for healthcare providers, including physicians, surgeons, dentists and allied health professionals. ProAssurance operates through a group of insurance subsidiaries that underwrite both occurrence- and claims-made policies tailored to the unique risks faced by the medical community.

In addition to professional liability insurance, ProAssurance offers a suite of complementary property and casualty products, such as general liability, workers’ compensation, property and inland marine, and umbrella coverage.