Jane Street Group LLC Has $832,000 Position in ProAssurance Co. (NYSE:PRA)

Jane Street Group LLC lessened its position in shares of ProAssurance Co. (NYSE:PRA) by 61.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 55,301 shares of the insurance provider’s stock after selling 86,722 shares during the quarter. Jane Street Group LLC owned approximately 0.11% of ProAssurance worth $832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in shares of ProAssurance in the 2nd quarter worth about $28,000. nVerses Capital LLC purchased a new position in ProAssurance in the third quarter worth $44,000. Point72 Asia Singapore Pte. Ltd. grew its stake in ProAssurance by 94.3% in the 3rd 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 during the period. Susquehanna Fundamental Investments LLC bought a new position in ProAssurance during the second quarter valued at about $166,000. Finally, FMR LLC raised its position in 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 acquiring an additional 8,012 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

ProAssurance Trading Up 2.4 %

PRA opened at $15.91 on Thursday. ProAssurance Co. has a one year low of $10.76 and a one year high of $17.79. 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 business has a 50 day simple moving average of $16.22 and a two-hundred day simple moving average of $14.23. The firm has a market capitalization of $813.89 million, a price-to-earnings ratio of 19.17 and a beta of 0.28.

Analyst Ratings Changes

PRA has been the subject of a number of research reports. Truist Financial increased their target price on shares of ProAssurance from $14.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. StockNews.com raised shares of ProAssurance from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Finally, Piper Sandler cut shares of ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Monday, November 11th.

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.