ProAssurance Co. (NYSE:PRA) Given Average Rating of "Hold" by Analysts

ProAssurance Co. (NYSE:PRA - Get Free Report) has earned a consensus recommendation of "Hold" from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.67.

Several equities analysts have recently issued reports on the company. Citizens Jmp cut ProAssurance from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 3rd. Raymond James lowered ProAssurance from a "market perform" rating to an "underperform" rating in a report on Thursday. StockNews.com started coverage on shares of ProAssurance in a report on Wednesday. They issued a "hold" rating for the company. Finally, Citigroup cut shares of ProAssurance to a "market perform" rating in a research note on Thursday, April 3rd.

Institutional Investors Weigh In On ProAssurance

Several hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in ProAssurance by 859.4% during the 4th quarter. Sterling Capital Management LLC now owns 1,631 shares of the insurance provider's stock worth $26,000 after buying an additional 1,461 shares during the period. KBC Group NV increased its position in shares of 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 acquiring an additional 1,798 shares in the last quarter. Aquatic Capital Management LLC raised its holdings in shares of ProAssurance by 148.6% during the fourth quarter. Aquatic Capital Management LLC now owns 6,214 shares of the insurance provider's stock valued at $99,000 after acquiring an additional 3,714 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of ProAssurance in the 4th quarter valued at approximately $150,000. Finally, Scotia Capital Inc. purchased a new stake in shares of ProAssurance in the 4th quarter valued at approximately $173,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

ProAssurance Price Performance

ProAssurance stock traded up $0.15 during trading hours on Monday, hitting $23.29. 755,704 shares of the company traded hands, compared to its average volume of 408,066. ProAssurance has a 1-year low of $10.76 and a 1-year high of $23.70. The firm has a market cap of $1.19 billion, a P/E ratio of 28.05 and a beta of -0.09. The firm's 50-day simple moving average is $18.20 and its two-hundred day simple moving average is $16.55. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35.

ProAssurance (NYSE:PRA - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The insurance provider reported $0.36 EPS 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 business had revenue of $287.52 million for the quarter, compared to analyst estimates of $274.56 million. As a group, analysts forecast that ProAssurance will post 0.8 earnings per share for the current fiscal 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.