ProAssurance Co. (NYSE:PRA) Stock Position Trimmed by US Bancorp DE

US Bancorp DE cut its position in ProAssurance Co. (NYSE:PRA) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,501 shares of the insurance provider’s stock after selling 3,000 shares during the quarter. US Bancorp DE’s holdings in ProAssurance were worth $263,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PRA. Rhumbline Advisers grew its stake in shares of ProAssurance by 0.8% in the 4th quarter. Rhumbline Advisers now owns 160,707 shares of the insurance provider’s stock worth $2,557,000 after purchasing an additional 1,281 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of 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 during the last quarter. KBC Group NV grew its stake in shares of ProAssurance by 75.4% in the 4th quarter. KBC Group NV now owns 4,184 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 1,798 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of ProAssurance by 2.2% in the 4th quarter. New York State Teachers Retirement System now owns 89,326 shares of the insurance provider’s stock worth $1,421,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of 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 during the last quarter. 85.58% of the stock is currently owned by institutional investors.

ProAssurance Trading Up 2.0 %

Shares of ProAssurance stock opened at $15.66 on Friday. The firm has a market capitalization of $801.22 million, a PE ratio of 18.87 and a beta of 0.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.28 and a quick ratio of 0.28. The company’s fifty day moving average price is $15.05 and its two-hundred day moving average price is $15.21. ProAssurance Co. has a 52-week low of $10.76 and a 52-week high of $17.79.

ProAssurance (NYSE:PRA) last announced its quarterly earnings results 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. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. The firm had revenue of $287.52 million for the quarter, compared to analyst estimates of $274.56 million. On average, analysts expect that ProAssurance Co. will post 0.8 EPS for the current year.

Analysts Set New Price Targets

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

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.