ProAssurance (NYSE:PRA) Rating Lowered to "Hold" at StockNews.com

ProAssurance (NYSE:PRA - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Friday.

ProAssurance Stock Performance

Shares of NYSE:PRA traded up $0.09 during trading on Friday, reaching $23.25. 2,348,182 shares of the stock were exchanged, compared to its average volume of 332,365. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $15.74 and a 200-day moving average price of $15.55. ProAssurance has a 12 month low of $10.76 and a 12 month high of $23.29. The firm has a market cap of $1.19 billion, a PE ratio of 28.01 and a beta of 0.21.

ProAssurance (NYSE:PRA - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The insurance provider reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $274.56 million. Research analysts expect that ProAssurance will post 0.8 EPS for the current fiscal year.

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Institutional Trading of ProAssurance

Several large investors have recently modified their holdings of PRA. Sterling Capital Management LLC raised its stake in ProAssurance by 859.4% in the fourth quarter. Sterling Capital Management LLC now owns 1,631 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 1,461 shares in the last quarter. KBC Group NV raised its position in shares of ProAssurance by 75.4% in the 4th quarter. KBC Group NV now owns 4,184 shares of the insurance provider's stock valued at $67,000 after buying an additional 1,798 shares in the last quarter. Aquatic Capital Management LLC raised its position in shares of ProAssurance by 148.6% in the 4th quarter. Aquatic Capital Management LLC now owns 6,214 shares of the insurance provider's stock valued at $99,000 after buying an additional 3,714 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings 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 acquiring an additional 4,052 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of ProAssurance during the 4th quarter worth approximately $150,000. 85.58% of the stock is owned by institutional investors and hedge funds.

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.