Royce & Associates LP boosted its stake in ProAssurance Corporation (NYSE:PRA) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 232,539 shares of the insurance provider’s stock after buying an additional 10,000 shares during the period. Royce & Associates LP owned approximately 0.44% of ProAssurance Corporation worth $14,138,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PRA. BlackRock Inc. boosted its stake 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 valued at $312,963,000 after buying an additional 5,172,711 shares during the period. Vanguard Group Inc. boosted its stake 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 valued at $301,296,000 after buying an additional 258,955 shares during the period. FMR LLC boosted its stake 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 valued at $125,450,000 after buying an additional 313,514 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $102,476,000 after buying an additional 55,591 shares during the period. Finally, State Street Corp boosted its stake 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 valued at $74,274,000 after buying an additional 166,133 shares during the period. 79.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of ProAssurance Corporation (NYSE:PRA) opened at 53.25 on Friday. The stock has a market capitalization of $2.84 billion, a PE ratio of 19.02 and a beta of 0.51. The stock’s 50 day moving average price is $57.29 and its 200 day moving average price is $59.15. ProAssurance Corporation has a one year low of $50.50 and a one year high of $63.53.

ProAssurance Corporation (NYSE:PRA) last released its earnings results on Monday, August 7th. The insurance provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $205.58 million for the quarter, compared to the consensus estimate of $207.14 million. ProAssurance Corporation had a return on equity of 6.59% and a net margin of 16.80%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. Equities research analysts predict that ProAssurance Corporation will post $2.14 EPS for the current fiscal year.

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PRA has been the topic of several recent research reports. Keefe, Bruyette & Woods initiated coverage on ProAssurance Corporation in a report on Monday, July 17th. They set a “market perform” rating and a $61.00 price objective on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of ProAssurance Corporation in a report on Tuesday, August 1st. Zacks Investment Research raised ProAssurance Corporation from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Tuesday, May 23rd. Finally, BidaskClub cut ProAssurance Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $63.33.

In related news, insider Jeffrey Patton Lisenby sold 4,829 shares of ProAssurance Corporation stock in a transaction that occurred 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 owns 50,836 shares in the company, valued at $3,131,497.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edward Lewis Rand, Jr. sold 13,845 shares of ProAssurance Corporation stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $60.41, for a total value of $836,376.45. Following the transaction, the insider now owns 117,079 shares in the company, valued at approximately $7,072,742.39. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 7,000 shares of company stock worth $383,125 and have sold 28,000 shares worth $1,703,438. 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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