Sandler O’Neill restated their hold rating on shares of ProAssurance (NYSE:PRA) in a research report sent to investors on Thursday morning. The firm currently has a $44.00 target price on the insurance provider’s stock.

A number of other research firms also recently commented on PRA. Boenning Scattergood restated a hold rating on shares of ProAssurance in a research note on Wednesday. ValuEngine upgraded shares of ProAssurance from a strong sell rating to a sell rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of ProAssurance from a hold rating to a strong sell rating in a research note on Sunday, July 15th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $53.25.

ProAssurance traded up $0.45, reaching $45.05, during trading hours on Thursday, Marketbeat Ratings reports. 444,724 shares of the stock were exchanged, compared to its average volume of 416,374. The stock has a market cap of $2.39 billion, a PE ratio of 22.30 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.39 and a debt-to-equity ratio of 0.18. ProAssurance has a 12 month low of $34.95 and a 12 month high of $63.45.

ProAssurance (NYSE:PRA) last released its earnings results on Tuesday, August 7th. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.09. The firm had revenue of $248.02 million during the quarter, compared to analysts’ expectations of $219.98 million. ProAssurance had a return on equity of 6.14% and a net margin of 9.67%. During the same quarter in the prior year, the company earned $0.40 EPS. analysts forecast that ProAssurance will post 1.83 earnings per share for the current fiscal year.

In other news, Director Magnus James Gorrie bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was acquired at an average cost of $39.20 per share, for a total transaction of $78,400.00. Following the purchase, the director now owns 14,231 shares of the company’s stock, valued at approximately $557,855.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in ProAssurance by 8.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,824 shares of the insurance provider’s stock worth $1,076,000 after acquiring an additional 1,480 shares during the last quarter. Smith Graham & Co. Investment Advisors LP lifted its position in ProAssurance by 145.8% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 189,370 shares of the insurance provider’s stock worth $6,713,000 after acquiring an additional 112,330 shares during the last quarter. Employees Retirement System of Texas lifted its position in ProAssurance by 23.7% during the first quarter. Employees Retirement System of Texas now owns 47,000 shares of the insurance provider’s stock worth $2,282,000 after acquiring an additional 9,000 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in ProAssurance by 4.4% during the first quarter. Epoch Investment Partners Inc. now owns 357,081 shares of the insurance provider’s stock worth $17,336,000 after acquiring an additional 14,973 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in ProAssurance during the second quarter worth approximately $1,067,000. Hedge funds and other institutional investors own 81.88% of the company’s stock.

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, and Lloyd's Syndicate segments. It offers 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 for employers, groups, and associations.

Read More: Investing in Dividend Stocks

Analyst Recommendations for ProAssurance (NYSE:PRA)

Receive News & Ratings for ProAssurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProAssurance and related companies with MarketBeat.com's FREE daily email newsletter.