ProAssurance Co. (NYSE:PRA - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.34 and traded as high as $15.03. ProAssurance shares last traded at $14.24, with a volume of 197,380 shares traded.
Wall Street Analyst Weigh In
PRA has been the subject of several analyst reports. StockNews.com upgraded ProAssurance from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th. Piper Sandler cut ProAssurance from an "overweight" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research report on Monday, November 11th. Finally, Truist Financial increased their target price on shares of ProAssurance from $14.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th.
View Our Latest Report on ProAssurance
ProAssurance Trading Down 6.1 %
The stock has a fifty day simple moving average of $16.25 and a 200 day simple moving average of $14.35. The firm has a market capitalization of $728.46 million, a P/E ratio of 17.16 and a beta of 0.29. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35.
Institutional Investors Weigh In On ProAssurance
A number of hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of ProAssurance in the 2nd quarter worth about $28,000. nVerses Capital LLC bought a new position in ProAssurance during the 3rd quarter valued at about $44,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of ProAssurance by 94.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,347 shares of the insurance provider's stock worth $126,000 after buying an additional 4,052 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in ProAssurance during the 2nd quarter valued at $166,000. Finally, FMR LLC grew its position in ProAssurance by 197.8% in the 3rd quarter. FMR LLC now owns 12,063 shares of the insurance provider's stock valued at $181,000 after acquiring an additional 8,012 shares during the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.
About ProAssurance
(
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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.
Further Reading
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