ProAssurance Corporation (PRA) Position Increased by Leavell Investment Management Inc.
Leavell Investment Management Inc. boosted its position in shares of ProAssurance Corporation (NYSE:PRA) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,377 shares of the insurance provider’s stock after purchasing an additional 2,882 shares during the quarter. Leavell Investment Management Inc.’s holdings in ProAssurance were worth $3,451,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of ProAssurance by 2.4% during the 2nd quarter. BlackRock Inc. now owns 5,318,451 shares of the insurance provider’s stock valued at $323,363,000 after acquiring an additional 124,034 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of ProAssurance by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,051,135 shares of the insurance provider’s stock valued at $307,108,000 after acquiring an additional 50,372 shares during the last quarter. FMR LLC boosted its holdings in shares of ProAssurance by 28.9% during the 2nd quarter. FMR LLC now owns 2,684,274 shares of the insurance provider’s stock valued at $163,204,000 after acquiring an additional 602,115 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ProAssurance by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,142,632 shares of the insurance provider’s stock valued at $116,988,000 after acquiring an additional 24,219 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of ProAssurance by 1.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,037,585 shares of the insurance provider’s stock valued at $111,354,000 after acquiring an additional 25,905 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.
Shares of ProAssurance Corporation (NYSE:PRA) traded up $0.05 during trading hours on Thursday, hitting $54.65. 203,300 shares of the stock traded hands, compared to its average volume of 297,400. ProAssurance Corporation has a 52-week low of $50.70 and a 52-week high of $63.45. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The company has a market cap of $2,960.00, a PE ratio of 20.24 and a beta of 0.58.
ProAssurance (NYSE:PRA) last issued its quarterly earnings data on Monday, November 6th. The insurance provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.09. ProAssurance had a net margin of 16.18% and a return on equity of 6.75%. The firm had revenue of $228.50 million for the quarter, compared to analysts’ expectations of $215.12 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. equities analysts forecast that ProAssurance Corporation will post 2.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Wednesday, December 20th. ProAssurance’s dividend payout ratio (DPR) is presently 45.93%.
A number of brokerages have recently issued reports on PRA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $60.00 price target on shares of ProAssurance in a report on Monday, October 16th. Zacks Investment Research raised shares of ProAssurance from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Friday, January 5th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of ProAssurance in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.50.
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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.
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