22,579 Shares in ProAssurance Co. (NYSE:PRA) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in shares of ProAssurance Co. (NYSE:PRA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,579 shares of the insurance provider's stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AlphaQuest LLC acquired a new position in ProAssurance in the 4th quarter valued at about $420,000. Amundi grew its position in ProAssurance by 182.3% in the 4th quarter. Amundi now owns 25,634 shares of the insurance provider's stock valued at $389,000 after acquiring an additional 16,552 shares in the last quarter. Wakefield Asset Management LLLP acquired a new position in ProAssurance in the 4th quarter valued at about $1,036,000. Versor Investments LP acquired a new position in ProAssurance in the 4th quarter valued at about $354,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in ProAssurance in the 4th quarter valued at about $551,000. 85.58% of the stock is owned by institutional investors and hedge funds.

ProAssurance Stock Up 48.3 %

Shares of PRA traded up $7.51 during midday trading on Thursday, hitting $23.05. The company had a trading volume of 17,220,539 shares, compared to its average volume of 317,362. The company's 50-day simple moving average is $15.07 and its 200-day simple moving average is $15.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $1.18 billion, a P/E ratio of 27.77 and a beta of 0.21. ProAssurance Co. has a 1 year low of $10.76 and a 1 year high of $23.51.

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ProAssurance (NYSE:PRA - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.19. The business had revenue of $287.52 million during the quarter, compared to analysts' expectations of $274.56 million. ProAssurance had a return on equity of 2.65% and a net margin of 3.71%. As a group, sell-side analysts expect that ProAssurance Co. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ProAssurance from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.

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.