Wellington Management Group LLP Has $47.59 Million Position in ProAssurance Co. (NYSE:PRA)

Wellington Management Group LLP increased its position in shares of ProAssurance Co. (NYSE:PRA - Free Report) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,164,085 shares of the insurance provider's stock after acquiring an additional 91,987 shares during the period. Wellington Management Group LLP owned approximately 6.18% of ProAssurance worth $47,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in ProAssurance by 1.8% during the third quarter. State Street Corp now owns 1,968,754 shares of the insurance provider's stock worth $29,610,000 after acquiring an additional 34,247 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in 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 in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in ProAssurance by 11.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 484,040 shares of the insurance provider's stock worth $7,280,000 after purchasing an additional 48,290 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in ProAssurance by 94.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,347 shares of the insurance provider's stock worth $126,000 after purchasing an additional 4,052 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in ProAssurance by 164.1% in the 3rd quarter. Verition Fund Management LLC now owns 36,589 shares of the insurance provider's stock worth $550,000 after purchasing an additional 22,737 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRA has been the topic of a number of analyst reports. Truist Financial lifted their price target on ProAssurance from $14.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. Piper Sandler cut ProAssurance from an "overweight" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Monday, November 11th. Finally, StockNews.com raised ProAssurance from a "hold" rating to a "buy" rating in a research note on Tuesday.

ProAssurance Stock Down 0.1 %

NYSE PRA traded down $0.02 during trading on Thursday, reaching $16.74. 33,628 shares of the company's stock were exchanged, compared to its average volume of 279,476. ProAssurance Co. has a fifty-two week low of $10.76 and a fifty-two week high of $17.79. The firm has a market capitalization of $856.35 million, a PE ratio of 20.19 and a beta of 0.27. 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 company's fifty day simple moving average is $15.92 and its 200-day simple moving average is $13.98.

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.