ProAssurance Co. (NYSE:PRA) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in ProAssurance Co. (NYSE:PRA - Free Report) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,898 shares of the insurance provider's stock after selling 112,719 shares during the period. Charles Schwab Investment Management Inc. owned 1.17% of ProAssurance worth $9,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. KBC Group NV grew its stake in ProAssurance by 75.4% in the fourth quarter. KBC Group NV now owns 4,184 shares of the insurance provider's stock worth $67,000 after purchasing an additional 1,798 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of ProAssurance by 94.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,347 shares of the insurance provider's stock worth $126,000 after buying an additional 4,052 shares in the last quarter. FMR LLC increased its stake in shares of ProAssurance by 197.8% during the third quarter. FMR LLC now owns 12,063 shares of the insurance provider's stock valued at $181,000 after buying an additional 8,012 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of ProAssurance by 30.0% in the third quarter. BNP Paribas Financial Markets now owns 17,978 shares of the insurance provider's stock valued at $270,000 after acquiring an additional 4,149 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in ProAssurance in the fourth quarter worth about $354,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ProAssurance from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

ProAssurance Stock Up 0.4 %

Shares of ProAssurance stock traded up $0.09 on Wednesday, reaching $23.37. The stock had a trading volume of 713,204 shares, compared to its average volume of 341,566. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.20 billion, a P/E ratio of 28.15 and a beta of 0.21. The company has a 50 day moving average price of $15.74 and a 200 day moving average price of $15.55. ProAssurance Co. has a 1 year low of $10.76 and a 1 year high of $23.40.

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

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.