Charles Schwab Investment Management Inc. Has $9.54 Million Stock Position in ProAssurance Co. (NYSE:PRA)

Charles Schwab Investment Management Inc. lowered its stake in ProAssurance Co. (NYSE:PRA) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 599,898 shares of the insurance provider’s stock after selling 112,719 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.17% of ProAssurance worth $9,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of ProAssurance by 307.5% in the third quarter. Barclays PLC now owns 85,117 shares of the insurance provider’s stock worth $1,280,000 after buying an additional 64,228 shares during the last quarter. State Street Corp lifted its position in shares of ProAssurance by 1.8% in the third quarter. State Street Corp now owns 1,968,754 shares of the insurance provider’s stock worth $29,610,000 after buying an additional 34,247 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of ProAssurance by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 253,175 shares of the insurance provider’s stock worth $3,808,000 after buying an additional 65,325 shares during the last quarter. FMR LLC lifted its position in shares of ProAssurance by 197.8% in the third quarter. FMR LLC now owns 12,063 shares of the insurance provider’s stock worth $181,000 after buying an additional 8,012 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of ProAssurance by 402.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,435 shares of the insurance provider’s stock worth $1,029,000 after buying an additional 54,806 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

ProAssurance Trading Up 0.5 %

ProAssurance stock opened at $23.14 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.28 and a current ratio of 0.28. The business’s 50-day simple moving average is $15.40 and its 200-day simple moving average is $15.40. The firm has a market capitalization of $1.18 billion, a PE ratio of 27.88 and a beta of 0.21. ProAssurance Co. has a 52 week low of $10.76 and a 52 week high of $23.29.

ProAssurance (NYSE:PRA) last posted its quarterly earnings data on Monday, February 24th. The insurance provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.19. The business had revenue of $287.52 million for the quarter, compared to analyst estimates of $274.56 million. ProAssurance had a return on equity of 2.65% and a net margin of 3.71%. Equities research analysts forecast that ProAssurance Co. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut ProAssurance from a “buy” rating to a “hold” rating in a research report on Friday.

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.