SG Americas Securities LLC Purchases New Position in ProAssurance Co. (NYSE:PRA)

SG Americas Securities LLC purchased a new stake in shares of ProAssurance Co. (NYSE:PRA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,596 shares of the insurance provider’s stock, valued at approximately $250,000.

Several other large investors have also bought and sold shares of PRA. Point72 Hong Kong Ltd bought a new stake in shares of ProAssurance in the 2nd quarter worth approximately $28,000. Innealta Capital LLC purchased a new stake in ProAssurance during the 2nd quarter valued at $69,000. ProShare Advisors LLC purchased a new stake in shares of ProAssurance in the 1st quarter worth $132,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of ProAssurance in the 2nd quarter worth $166,000. Finally, Aull & Monroe Investment Management Corp bought a new position in ProAssurance in the 1st quarter worth $178,000. 85.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PRA has been the subject of several research reports. Truist Financial dropped their price objective on shares of ProAssurance from $16.00 to $14.00 and set a “hold” rating for the company in a report on Monday, August 12th. JMP Securities decreased their price objective on shares of ProAssurance from $22.00 to $20.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 17th.

ProAssurance Stock Performance

Shares of NYSE:PRA opened at $15.47 on Tuesday. The company has a market capitalization of $789.16 million, a price-to-earnings ratio of -28.65 and a beta of 0.24. ProAssurance Co. has a 52 week low of $10.76 and a 52 week high of $18.19. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $14.01 and a 200 day moving average of $13.38.

ProAssurance (NYSE:PRA) last announced its quarterly earnings data on Thursday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.15. The firm had revenue of $290.30 million for the quarter, compared to analyst estimates of $235.61 million. ProAssurance had a negative net margin of 2.00% and a positive return on equity of 0.86%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. On average, sell-side analysts predict that ProAssurance Co. will post 0.58 earnings per share for the current fiscal year.

ProAssurance Company 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.