Macquarie Group Ltd. Has $51,618,000 Position in ProAssurance Corp. (PRA)
Macquarie Group Ltd. increased its stake in shares of ProAssurance Corp. (NYSE:PRA) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 963,915 shares of the company’s stock after buying an additional 1,187 shares during the period. Macquarie Group Ltd. owned about 1.81% of ProAssurance Corp. worth $51,618,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Mason Street Advisors LLC acquired a new position in ProAssurance Corp. during the second quarter worth about $557,000. Calvert Investment Management Inc. acquired a new position in ProAssurance Corp. during the second quarter worth about $220,000. Schwab Charles Investment Management Inc. boosted its position in ProAssurance Corp. by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 188,122 shares of the company’s stock worth $10,074,000 after buying an additional 8,767 shares during the last quarter. Stifel Financial Corp boosted its position in ProAssurance Corp. by 152.9% in the second quarter. Stifel Financial Corp now owns 14,261 shares of the company’s stock worth $765,000 after buying an additional 8,622 shares during the last quarter. Finally, Amalgamated Bank boosted its position in ProAssurance Corp. by 7.4% in the second quarter. Amalgamated Bank now owns 6,873 shares of the company’s stock worth $377,000 after buying an additional 475 shares during the last quarter. 82.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ProAssurance Corp. (NYSE:PRA) traded up 0.83% during midday trading on Friday, hitting $54.55. The company had a trading volume of 111,775 shares. The company has a 50-day moving average of $52.92 and a 200 day moving average of $52.19. ProAssurance Corp. has a 12 month low of $45.78 and a 12 month high of $55.43. The firm has a market capitalization of $2.90 billion, a PE ratio of 22.22 and a beta of 0.43.
Separately, Zacks Investment Research upgraded ProAssurance Corp. from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, August 9th.
About ProAssurance Corp.
ProAssurance Corporation is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, liability insurance for medical technology and life sciences risks, and workers’ compensation insurance.
Receive News & Stock Ratings for ProAssurance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProAssurance Corp. and related stocks with our FREE daily email newsletter.