State Street Corp Has $29.61 Million Position in ProAssurance Co. (NYSE:PRA)

State Street Corp raised its stake in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,968,754 shares of the insurance provider's stock after purchasing an additional 34,247 shares during the period. State Street Corp owned 3.85% of ProAssurance worth $29,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in shares of 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 acquiring an additional 800 shares during the last quarter. Arizona State Retirement System increased its position in ProAssurance by 8.1% during the 2nd quarter. Arizona State Retirement System now owns 15,136 shares of the insurance provider's stock valued at $185,000 after purchasing an additional 1,128 shares during the period. The Manufacturers Life Insurance Company raised its holdings in ProAssurance by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,106 shares of the insurance provider's stock worth $258,000 after purchasing an additional 1,521 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of ProAssurance by 0.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 587,901 shares of the insurance provider's stock worth $8,842,000 after purchasing an additional 1,738 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of ProAssurance by 12.8% in the 3rd quarter. Private Advisor Group LLC now owns 16,806 shares of the insurance provider's stock valued at $253,000 after purchasing an additional 1,905 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Piper Sandler downgraded shares of ProAssurance from an "overweight" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Monday, November 11th. StockNews.com downgraded ProAssurance from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Truist Financial upped 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 Down 0.4 %

NYSE:PRA traded down $0.07 during trading hours on Friday, reaching $15.76. The company had a trading volume of 920,592 shares, compared to its average volume of 281,213. ProAssurance Co. has a twelve month low of $10.76 and a twelve month high of $17.79. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. The firm has a market cap of $806.22 million, a price-to-earnings ratio of 18.99 and a beta of 0.28. The business's 50-day simple moving average is $16.15 and its two-hundred day simple moving average is $14.08.

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.