Cornercap Investment Counsel Inc. Takes $204,000 Position in ProAssurance Co. (NYSE:PRA)

Cornercap Investment Counsel Inc. acquired a new position in ProAssurance Co. (NYSE:PRA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,840 shares of the insurance provider's stock, valued at approximately $204,000.

Several other hedge funds have also recently made changes to their positions in PRA. Rhumbline Advisers boosted its stake in ProAssurance by 0.8% during the fourth quarter. Rhumbline Advisers now owns 160,707 shares of the insurance provider's stock worth $2,557,000 after acquiring an additional 1,281 shares in the last quarter. Jacobs Levy Equity Management Inc. raised 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 valued at $8,842,000 after purchasing an additional 1,738 shares during the period. KBC Group NV boosted its position in shares of ProAssurance by 75.4% during the 4th 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. New York State Teachers Retirement System grew its stake in shares of ProAssurance by 2.2% in the 4th quarter. New York State Teachers Retirement System now owns 89,326 shares of the insurance provider's stock valued at $1,421,000 after buying an additional 1,937 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in ProAssurance by 94.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,347 shares of the insurance provider's stock valued at $126,000 after buying an additional 4,052 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

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ProAssurance Stock Up 0.1 %

Shares of NYSE:PRA traded up $0.02 during midday trading on Wednesday, hitting $23.37. 638,028 shares of the company's stock were exchanged, compared to its average volume of 369,257. 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 Co. has a 12 month low of $10.76 and a 12 month high of $23.71. The company has a market cap of $1.20 billion, a PE ratio of 28.16 and a beta of 0.21. The stock has a 50 day moving average price of $16.55 and a 200-day moving average price of $15.92.

ProAssurance (NYSE:PRA - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The insurance provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.17 by $0.19. The firm had revenue of $287.52 million during the quarter, compared to the consensus estimate of $274.56 million. ProAssurance had a return on equity of 2.65% and a net margin of 3.71%. On average, sell-side analysts anticipate that ProAssurance Co. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on ProAssurance in a report on Tuesday. They issued a "hold" rating on the stock.

About ProAssurance

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.