Aperio Group LLC cut its position in ProAssurance Corporation (NYSE:PRA) by 17.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,543 shares of the insurance provider’s stock after selling 14,797 shares during the quarter. Aperio Group LLC owned about 0.13% of ProAssurance Corporation worth $3,746,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ProAssurance Corporation by 8.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,067 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 161 shares during the last quarter. First Quadrant L P CA lifted its position in ProAssurance Corporation by 124.1% in the 2nd quarter. First Quadrant L P CA now owns 2,465 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 1,365 shares during the last quarter. Flinton Capital Management LLC lifted its position in ProAssurance Corporation by 55.3% in the 2nd quarter. Flinton Capital Management LLC now owns 2,560 shares of the insurance provider’s stock valued at $156,000 after purchasing an additional 912 shares during the last quarter. Riverhead Capital Management LLC lifted its position in ProAssurance Corporation by 60.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,895 shares of the insurance provider’s stock valued at $176,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Pacad Investment Ltd. lifted its position in ProAssurance Corporation by 47.6% in the 2nd quarter. Pacad Investment Ltd. now owns 3,100 shares of the insurance provider’s stock valued at $188,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 80.32% of the company’s stock.

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In related news, insider Neil Frank B. O bought 2,500 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $54.50 per share, with a total value of $136,250.00. Following the purchase, the insider now owns 104,431 shares in the company, valued at $5,691,489.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

ProAssurance Corporation (NYSE PRA) opened at $60.40 on Friday. The company has a market cap of $3,231.62, a PE ratio of 26.30 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 0.40. ProAssurance Corporation has a 52 week low of $50.70 and a 52 week high of $63.53.

ProAssurance Corporation (NYSE:PRA) last released its earnings results on Monday, November 6th. The insurance provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.09. The firm had revenue of $228.50 million for the quarter, compared to analysts’ expectations of $215.12 million. ProAssurance Corporation had a net margin of 16.18% and a return on equity of 6.75%. ProAssurance Corporation’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. equities research analysts forecast that ProAssurance Corporation will post 2.06 earnings per share for the current year.

Several brokerages recently weighed in on PRA. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance Corporation in a research report on Tuesday, August 1st. BidaskClub downgraded shares of ProAssurance Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods began coverage on shares of ProAssurance Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $61.00 price objective on the stock. Zacks Investment Research upgraded shares of ProAssurance Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Buckingham Research began coverage on shares of ProAssurance Corporation in a research report on Monday, September 11th. They issued a “neutral” rating and a $54.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $60.75.

ProAssurance Corporation Company Profile

ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, liability insurance for medical technology and life sciences risks, and workers’ compensation insurance.

Institutional Ownership by Quarter for ProAssurance Corporation (NYSE:PRA)

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