ProAssurance Co. (NYSE:PRA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 61.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,301 shares of the insurance provider's stock after selling 86,722 shares during the quarter. Jane Street Group LLC owned approximately 0.11% of ProAssurance worth $832,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of ProAssurance by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 417,150 shares of the insurance provider's stock valued at $5,098,000 after buying an additional 8,549 shares in the last quarter. Commonwealth Equity Services LLC increased its position in ProAssurance by 2.5% during the second quarter. Commonwealth Equity Services LLC now owns 32,346 shares of the insurance provider's stock worth $395,000 after purchasing an additional 800 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of ProAssurance by 8.1% during the 2nd quarter. Arizona State Retirement System now owns 15,136 shares of the insurance provider's stock worth $185,000 after buying an additional 1,128 shares during the last quarter. Texas Permanent School Fund Corp raised its position in ProAssurance by 52.7% in the second quarter. Texas Permanent School Fund Corp now owns 67,588 shares of the insurance provider's stock valued at $826,000 after purchasing an additional 23,327 shares during the period. Finally, American Century Companies Inc. raised its holdings in ProAssurance by 4.7% in the 2nd quarter. American Century Companies Inc. now owns 305,698 shares of the insurance provider's stock valued at $3,736,000 after buying an additional 13,650 shares during the period. Hedge funds and other institutional investors own 85.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Piper Sandler lowered 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. StockNews.com raised ProAssurance from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th. Finally, Truist Financial lifted their target price on ProAssurance from $14.00 to $18.00 and gave the company a "hold" rating in a research report on Tuesday, November 12th.

ProAssurance Stock Performance

Shares of ProAssurance stock traded down $0.20 on Thursday, hitting $15.71. The stock had a trading volume of 195,255 shares, compared to its average volume of 278,307. The stock has a market cap of $803.66 million, a price-to-earnings ratio of 18.93 and a beta of 0.28. ProAssurance Co. has a 52-week low of $10.76 and a 52-week high of $17.79. The company's 50 day moving average price is $16.24 and its 200 day moving average price is $14.24. 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 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.