Great West Life Assurance Co. Can boosted its position in shares of ProAssurance Corporation (NYSE:PRA) by 3.8% during the second quarter, Holdings Channel reports. The fund owned 77,292 shares of the insurance provider’s stock after buying an additional 2,851 shares during the period. Great West Life Assurance Co. Can’s holdings in ProAssurance Corporation were worth $4,695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRA. BlackRock Inc. boosted its position in shares of ProAssurance Corporation by 23,830.8% in the first quarter. BlackRock Inc. now owns 5,194,417 shares of the insurance provider’s stock worth $312,963,000 after buying an additional 5,172,711 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of ProAssurance Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,000,763 shares of the insurance provider’s stock worth $301,296,000 after buying an additional 258,955 shares during the last quarter. FMR LLC boosted its position in shares of ProAssurance Corporation by 17.7% in the first quarter. FMR LLC now owns 2,082,159 shares of the insurance provider’s stock worth $125,450,000 after buying an additional 313,514 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ProAssurance Corporation by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,700,841 shares of the insurance provider’s stock worth $102,476,000 after buying an additional 55,591 shares during the last quarter. Finally, State Street Corp boosted its position in shares of ProAssurance Corporation by 15.6% in the first quarter. State Street Corp now owns 1,232,824 shares of the insurance provider’s stock worth $74,274,000 after buying an additional 166,133 shares in the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

ProAssurance Corporation (NYSE PRA) opened at 55.50 on Tuesday. ProAssurance Corporation has a 52 week low of $50.50 and a 52 week high of $63.53. The firm has a market cap of $2.96 billion, a PE ratio of 19.83 and a beta of 0.51. The firm’s 50 day moving average price is $59.72 and its 200-day moving average price is $59.29.

ProAssurance Corporation (NYSE:PRA) last posted its earnings results on Monday, August 7th. The insurance provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The firm had revenue of $205.58 million for the quarter, compared to the consensus estimate of $207.14 million. ProAssurance Corporation had a net margin of 16.80% and a return on equity of 6.59%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. On average, analysts forecast that ProAssurance Corporation will post $2.14 EPS for the current year.

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A number of brokerages have commented on PRA. Zacks Investment Research upgraded ProAssurance Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub cut ProAssurance Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Boenning Scattergood restated a “hold” rating on shares of ProAssurance Corporation in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods began coverage on ProAssurance Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $61.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $63.33.

In other ProAssurance Corporation news, insider Neil Frank B. O bought 2,500 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $54.75 per share, with a total value of $136,875.00. Following the completion of the transaction, the insider now directly owns 101,931 shares of the company’s stock, valued at approximately $5,580,722.25. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Patton Lisenby sold 4,829 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $61.60, for a total transaction of $297,466.40. Following the transaction, the insider now directly owns 50,836 shares in the company, valued at $3,131,497.60. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock worth $1,703,438 over the last three months. Company insiders own 1.80% of the company’s stock.

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.

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

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