ProAssurance (NYSE:PRA) had its price objective decreased by stock analysts at JMP Securities from $50.00 to $45.00 in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ price target would indicate a potential upside of 27.26% from the stock’s previous close.

A number of other analysts have also recently weighed in on PRA. Zacks Investment Research upgraded ProAssurance from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine cut ProAssurance from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. SunTrust Banks dropped their price target on ProAssurance to $45.00 and set a “hold” rating on the stock in a research report on Friday, December 14th. They noted that the move was a valuation call. Finally, Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a research report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $47.00.

Shares of NYSE PRA opened at $35.36 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 23.89 and a beta of 0.62. ProAssurance has a 52-week low of $34.51 and a 52-week high of $49.47.

ProAssurance (NYSE:PRA) last announced its quarterly earnings results on Thursday, February 21st. The insurance provider reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $228.92 million for the quarter, compared to analysts’ expectations of $230.73 million. ProAssurance had a return on equity of 5.09% and a net margin of 5.31%. As a group, equities research analysts predict that ProAssurance will post 1.4 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of PRA. Rehmann Capital Advisory Group grew its holdings in ProAssurance by 4,590.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,731,983 shares of the insurance provider’s stock worth $36,889,000 after buying an additional 1,695,061 shares in the last quarter. Norges Bank bought a new position in ProAssurance in the 4th quarter worth approximately $33,494,000. Clearbridge Investments LLC grew its holdings in ProAssurance by 1,238,071.9% in the 3rd quarter. Clearbridge Investments LLC now owns 396,215 shares of the insurance provider’s stock worth $18,602,000 after buying an additional 396,183 shares in the last quarter. Vanguard Group Inc. grew its holdings in ProAssurance by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,642,913 shares of the insurance provider’s stock worth $264,934,000 after buying an additional 300,330 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in ProAssurance by 5.6% in the 3rd quarter. Vanguard Group Inc now owns 5,642,913 shares of the insurance provider’s stock worth $264,934,000 after buying an additional 300,330 shares in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

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, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments.

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