Invesco Ltd. Sells 32,253 Shares of ProAssurance Co. (NYSE:PRA)

Invesco Ltd. decreased its position in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674,920 shares of the insurance provider's stock after selling 32,253 shares during the period. Invesco Ltd. owned 1.32% of ProAssurance worth $10,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of ProAssurance by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,316,249 shares of the insurance provider's stock worth $20,678,000 after purchasing an additional 4,814 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of ProAssurance by 92.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 690,871 shares of the insurance provider's stock valued at $10,992,000 after buying an additional 331,224 shares during the period. American Century Companies Inc. grew its holdings in shares of ProAssurance by 17.2% during the 4th quarter. American Century Companies Inc. now owns 391,609 shares of the insurance provider's stock valued at $6,230,000 after acquiring an additional 57,556 shares in the last quarter. JPMorgan Chase & Co. increased its position in ProAssurance by 28.0% in the 4th quarter. JPMorgan Chase & Co. now owns 323,955 shares of the insurance provider's stock worth $5,154,000 after purchasing an additional 70,780 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of ProAssurance by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 248,069 shares of the insurance provider's stock valued at $3,947,000 after buying an additional 6,919 shares in the last quarter. Institutional investors own 85.58% of the company's stock.

ProAssurance Stock Performance

Shares of ProAssurance stock traded down $0.04 during midday trading on Friday, hitting $23.07. The company had a trading volume of 668,962 shares, compared to its average volume of 422,138. ProAssurance Co. has a 1-year low of $10.76 and a 1-year high of $23.70. The business's 50 day simple moving average is $19.71 and its two-hundred day simple moving average is $17.05. The stock has a market cap of $1.18 billion, a PE ratio of 27.80 and a beta of -0.09. 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 (NYSE:PRA - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The insurance provider reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.19. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. The firm had revenue of $287.52 million during the quarter, compared to the consensus estimate of $274.56 million. As a group, equities analysts predict that ProAssurance Co. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PRA. Citizens Jmp downgraded ProAssurance from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 3rd. Citigroup lowered shares of ProAssurance to a "market perform" rating in a research report on Thursday, April 3rd. Raymond James downgraded shares of ProAssurance from a "market perform" rating to an "underperform" rating in a report on Thursday, April 10th. Finally, StockNews.com began coverage on shares of ProAssurance in a report on Friday. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, ProAssurance presently has an average rating of "Hold" and an average price target of $18.67.

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.