Amundi Grows Position in ProAssurance Co. (NYSE:PRA)

Amundi increased its position in shares of ProAssurance Co. (NYSE:PRA) by 182.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,634 shares of the insurance provider’s stock after acquiring an additional 16,552 shares during the period. Amundi owned about 0.05% of ProAssurance worth $389,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Wakefield Asset Management LLLP acquired a new position in ProAssurance during the 4th quarter worth about $1,036,000. Versor Investments LP acquired a new position in ProAssurance during the 4th quarter worth about $354,000. Y Intercept Hong Kong Ltd acquired a new position in ProAssurance during the 4th quarter worth about $551,000. Principal Financial Group Inc. lifted its stake in ProAssurance by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 248,069 shares of the insurance provider’s stock worth $3,947,000 after acquiring an additional 6,919 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in ProAssurance by 0.8% during the 4th quarter. Rhumbline Advisers now owns 160,707 shares of the insurance provider’s stock worth $2,557,000 after acquiring an additional 1,281 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ProAssurance Price Performance

PRA stock opened at $23.05 on Friday. The business has a 50 day moving average price of $15.23 and a 200 day moving average price of $15.32. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 27.77 and a beta of 0.21. ProAssurance Co. has a fifty-two week low of $10.76 and a fifty-two week high of $23.29. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35.

ProAssurance (NYSE:PRA) last released its quarterly earnings results on Monday, February 24th. The insurance provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.17 by $0.19. The company 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 anticipate that ProAssurance Co. will post 0.8 earnings per share for the current fiscal year.

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.