Barclays PLC Raises Stock Holdings in ProAssurance Co. (NYSE:PRA)

Barclays PLC increased its holdings in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 307.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,117 shares of the insurance provider's stock after buying an additional 64,228 shares during the period. Barclays PLC owned about 0.17% of ProAssurance worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRA. Commonwealth Equity Services LLC boosted its stake in shares of ProAssurance by 2.5% in the second quarter. Commonwealth Equity Services LLC now owns 32,346 shares of the insurance provider's stock worth $395,000 after acquiring an additional 800 shares during the last quarter. Arizona State Retirement System lifted its holdings in ProAssurance by 8.1% in the 2nd quarter. Arizona State Retirement System now owns 15,136 shares of the insurance provider's stock valued at $185,000 after purchasing an additional 1,128 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in ProAssurance by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,106 shares of the insurance provider's stock worth $258,000 after purchasing an additional 1,521 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of ProAssurance by 0.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 587,901 shares of the insurance provider's stock worth $8,842,000 after buying an additional 1,738 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of ProAssurance by 12.8% in the third quarter. Private Advisor Group LLC now owns 16,806 shares of the insurance provider's stock valued at $253,000 after buying an additional 1,905 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of ProAssurance from a "hold" rating to a "buy" rating in a research report on Thursday. Truist Financial upped their price target on ProAssurance from $14.00 to $18.00 and gave the company a "hold" rating in a research report on Tuesday, November 12th. Finally, Piper Sandler cut ProAssurance from an "overweight" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Monday, November 11th.

ProAssurance Trading Down 0.8 %

Shares of PRA traded down $0.12 during mid-day trading on Monday, reaching $15.54. The stock had a trading volume of 154,575 shares, compared to its average volume of 278,516. ProAssurance Co. has a 52-week low of $10.76 and a 52-week high of $17.79. The firm has a market cap of $794.96 million, a price-to-earnings ratio of 18.72 and a beta of 0.28. The business's fifty day moving average is $16.19 and its 200 day moving average is $14.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.28 and a quick ratio of 0.28.

ProAssurance 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.