UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in ProAssurance Co. (NYSE:PRA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of ProAssurance Co. (NYSE:PRA) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,435 shares of the insurance provider’s stock after selling 2,663 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.28% of ProAssurance worth $2,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of ProAssurance by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 32,346 shares of the insurance provider’s stock valued at $395,000 after acquiring an additional 800 shares during the last quarter. Arizona State Retirement System boosted its holdings in ProAssurance by 8.1% in the second quarter. Arizona State Retirement System now owns 15,136 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 1,128 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in ProAssurance by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 21,106 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 1,521 shares in the last quarter. Private Advisor Group LLC increased its stake in ProAssurance by 12.8% in the third quarter. Private Advisor Group LLC now owns 16,806 shares of the insurance provider’s stock valued at $253,000 after purchasing an additional 1,905 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in ProAssurance by 5.7% during the second quarter. Sei Investments Co. now owns 40,929 shares of the insurance provider’s stock worth $500,000 after purchasing an additional 2,202 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Truist Financial increased their target price on shares of ProAssurance from $14.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. StockNews.com raised ProAssurance from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler downgraded ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Monday, November 11th.

ProAssurance Stock Down 0.5 %

PRA stock opened at $16.65 on Monday. The company has a market cap of $851.75 million, a price-to-earnings ratio of 20.06 and a beta of 0.28. The company has a fifty day moving average price of $15.99 and a 200 day moving average price of $14.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.28 and a quick ratio of 0.28. ProAssurance Co. has a 12 month low of $10.76 and a 12 month high of $17.79.

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.