Public Sector Pension Investment Board Has $1.37 Million Stock Holdings in ProAssurance Co. (NYSE:PRA)

Public Sector Pension Investment Board increased its position in shares of ProAssurance Co. (NYSE:PRA) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,203 shares of the insurance provider’s stock after purchasing an additional 6,437 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of ProAssurance worth $1,371,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PRA. Bank of New York Mellon Corp increased its holdings in shares of ProAssurance by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 417,150 shares of the insurance provider’s stock worth $5,098,000 after buying an additional 8,549 shares in the last quarter. American Century Companies Inc. increased its stake in shares of ProAssurance by 4.7% in the second quarter. American Century Companies Inc. now owns 305,698 shares of the insurance provider’s stock valued at $3,736,000 after buying an additional 13,650 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of ProAssurance by 2.4% in the second quarter. Assenagon Asset Management S.A. now owns 253,649 shares of the insurance provider’s stock valued at $3,100,000 after buying an additional 6,062 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of ProAssurance by 6.0% in the fourth quarter. Hsbc Holdings PLC now owns 97,624 shares of the insurance provider’s stock worth $1,349,000 after acquiring an additional 5,494 shares during the last quarter. Finally, CenterBook Partners LP lifted its position in shares of ProAssurance by 455.7% during the fourth quarter. CenterBook Partners LP now owns 80,021 shares of the insurance provider’s stock worth $1,103,000 after purchasing an additional 65,621 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

ProAssurance Trading Up 0.7 %

PRA opened at $15.15 on Wednesday. The firm’s fifty day moving average is $13.12 and its two-hundred day moving average is $13.10. The firm has a market cap of $772.83 million, a PE ratio of -28.06 and a beta of 0.23. ProAssurance Co. has a twelve month low of $10.76 and a twelve month high of $18.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.26 and a current ratio of 0.26.

ProAssurance (NYSE:PRA) last issued its quarterly earnings data on Thursday, August 8th. The insurance provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.08 by $0.15. ProAssurance had a positive return on equity of 0.86% and a negative net margin of 2.00%. The business had revenue of $290.30 million for the quarter, compared to the consensus estimate of $235.61 million. During the same quarter last year, the business posted $0.16 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that ProAssurance Co. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PRA shares. Truist Financial reduced their price objective on ProAssurance from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th. JMP Securities dropped their target price on shares of ProAssurance from $22.00 to $20.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

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.