BNP Paribas Financial Markets Has $270,000 Holdings in ProAssurance Co. (NYSE:PRA)

BNP Paribas Financial Markets increased its holdings in ProAssurance Co. (NYSE:PRA) by 30.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,978 shares of the insurance provider’s stock after purchasing an additional 4,149 shares during the quarter. BNP Paribas Financial Markets’ holdings in ProAssurance were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new stake in shares of ProAssurance in the 2nd quarter valued at about $28,000. nVerses Capital LLC acquired a new position in shares of ProAssurance in the third quarter worth approximately $44,000. Innealta Capital LLC bought a new stake in ProAssurance in the second quarter valued at approximately $69,000. Susquehanna Fundamental Investments LLC acquired a new stake in ProAssurance during the 2nd quarter valued at approximately $166,000. Finally, FMR LLC raised its holdings in ProAssurance by 197.8% during the 3rd quarter. FMR LLC now owns 12,063 shares of the insurance provider’s stock worth $181,000 after purchasing an additional 8,012 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PRA. Truist Financial boosted their target price on shares of ProAssurance from $14.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Piper Sandler downgraded ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Monday, November 11th. Finally, StockNews.com raised ProAssurance from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

ProAssurance Trading Down 0.5 %

PRA opened at $16.65 on Monday. The company has a fifty day moving average price of $15.99 and a two-hundred day moving average price of $14.01. ProAssurance Co. has a 1-year low of $10.76 and a 1-year high of $17.79. The company has a market cap of $851.75 million, a P/E ratio of 20.06 and a beta of 0.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.35.

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.