ProAssurance Co. (NYSE:PRA) Stock Holdings Increased by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in shares of ProAssurance Co. (NYSE:PRA) by 57.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,703 shares of the insurance provider’s stock after purchasing an additional 31,580 shares during the period. Prudential Financial Inc.’s holdings in ProAssurance were worth $1,379,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PRA. Zacks Investment Management acquired a new stake in shares of ProAssurance during the 3rd quarter valued at $5,140,000. Wellington Management Group LLP lifted its holdings in shares of ProAssurance by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,164,085 shares of the insurance provider’s stock valued at $47,588,000 after purchasing an additional 91,987 shares during the last quarter. JPMorgan Chase & Co. increased its stake in ProAssurance by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,175 shares of the insurance provider’s stock worth $3,808,000 after purchasing an additional 65,325 shares in the last quarter. Wakefield Asset Management LLLP purchased a new position in ProAssurance in the 4th quarter worth about $1,036,000. Finally, Barclays PLC raised its holdings in ProAssurance by 307.5% during the 3rd quarter. Barclays PLC now owns 85,117 shares of the insurance provider’s stock worth $1,280,000 after buying an additional 64,228 shares during the period. 85.58% of the stock is currently owned by institutional investors.

ProAssurance Trading Down 0.4 %

NYSE:PRA opened at $23.26 on Friday. The stock has a market cap of $1.19 billion, a PE ratio of 28.02 and a beta of -0.09. ProAssurance Co. has a fifty-two week low of $10.76 and a fifty-two week high of $23.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.28 and a quick ratio of 0.28. The stock’s 50-day moving average is $17.07 and its two-hundred day moving average is $16.12.

ProAssurance (NYSE:PRA) last released its quarterly earnings data on Monday, February 24th. The insurance provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.19. The firm had revenue of $287.52 million for the quarter, compared to analyst estimates of $274.56 million. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. As a group, equities research analysts forecast that ProAssurance Co. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PRA. Citizens Jmp downgraded shares of ProAssurance from an “outperform” rating to a “market perform” rating in a research report on Thursday. StockNews.com started coverage on shares of ProAssurance in a research report on Tuesday, April 1st. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.67.

ProAssurance Company Profile

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, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.