Barclays PLC Has $1.28 Million Position in ProAssurance Co. (NYSE:PRA)

Barclays PLC raised its stake in ProAssurance Co. (NYSE:PRA - Free Report) by 307.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,117 shares of the insurance provider's stock after purchasing an additional 64,228 shares during the period. Barclays PLC owned 0.17% of ProAssurance worth $1,280,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PRA. Wellington Management Group LLP boosted its stake in ProAssurance by 3.0% in the 3rd 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 period. State Street Corp lifted its holdings in shares of ProAssurance by 1.8% during the third quarter. State Street Corp now owns 1,968,754 shares of the insurance provider's stock worth $29,610,000 after buying an additional 34,247 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of ProAssurance by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,311,435 shares of the insurance provider's stock valued at $19,724,000 after acquiring an additional 18,718 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of ProAssurance by 0.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 587,901 shares of the insurance provider's stock valued at $8,842,000 after acquiring an additional 1,738 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in ProAssurance by 91.4% during the third quarter. Assenagon Asset Management S.A. now owns 485,501 shares of the insurance provider's stock worth $7,302,000 after acquiring an additional 231,852 shares during the period. 85.58% of the stock is owned by institutional investors.

ProAssurance Price Performance

PRA stock traded up $0.47 during mid-day trading on Tuesday, hitting $15.00. The stock had a trading volume of 156,995 shares, compared to its average volume of 217,499. The firm has a fifty day simple moving average of $16.25 and a 200 day simple moving average of $14.38. The firm has a market capitalization of $767.34 million, a P/E ratio of 18.07 and a beta of 0.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.35. ProAssurance Co. has a 52 week low of $10.76 and a 52 week high of $17.79.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PRA. Piper Sandler lowered shares of ProAssurance from an "overweight" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Monday, November 11th. Truist Financial increased their price target on ProAssurance from $14.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Finally, StockNews.com upgraded ProAssurance from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th.

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.