Yousif Capital Management LLC Cuts Stake in ProAssurance Co. (NYSE:PRA)

Yousif Capital Management LLC reduced its position in shares of ProAssurance Co. (NYSE:PRA) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,685 shares of the insurance provider’s stock after selling 944 shares during the quarter. Yousif Capital Management LLC’s holdings in ProAssurance were worth $313,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its position in shares of ProAssurance by 0.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 587,901 shares of the insurance provider’s stock valued at $8,842,000 after acquiring an additional 1,738 shares in the last quarter. KBC Group NV boosted its stake in ProAssurance by 75.4% during the 4th quarter. KBC Group NV now owns 4,184 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 1,798 shares during the last quarter. Private Advisor Group LLC increased its holdings 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 worth $253,000 after purchasing an additional 1,905 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of ProAssurance in the third quarter worth $44,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of ProAssurance by 94.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,347 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 4,052 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on PRA shares. Piper Sandler downgraded ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Monday, November 11th. Truist Financial lifted their price target on shares of ProAssurance from $14.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of ProAssurance from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th.

ProAssurance Price Performance

Shares of NYSE:PRA opened at $14.47 on Tuesday. 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 stock has a market capitalization of $740.29 million, a PE ratio of 17.43 and a beta of 0.27. The firm’s 50 day moving average price is $15.38 and its 200-day moving average price is $14.94. ProAssurance Co. has a twelve month low of $10.76 and a twelve month high of $17.79.

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.