ProAssurance Corporation (NYSE:PRA)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a research report issued to clients and investors on Monday. They presently have a $60.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 7.82% from the company’s previous close.

A number of other analysts also recently weighed in on the company. Buckingham Research began coverage on ProAssurance Corporation in a research note on Monday, September 11th. They issued a “neutral” rating and a $54.00 price target on the stock. Boenning Scattergood restated a “hold” rating on shares of ProAssurance Corporation in a research note on Tuesday, August 8th. Zacks Investment Research downgraded ProAssurance Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded ProAssurance Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. ProAssurance Corporation currently has an average rating of “Hold” and an average target price of $60.75.

ProAssurance Corporation (NYSE PRA) opened at 55.65 on Monday. The stock’s 50 day moving average price is $54.12 and its 200-day moving average price is $58.10. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 19.88 and a beta of 0.54. ProAssurance Corporation has a 12 month low of $50.50 and a 12 month high of $63.53.

ProAssurance Corporation (NYSE:PRA) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. ProAssurance Corporation had a return on equity of 6.59% and a net margin of 16.80%. The firm had revenue of $205.58 million for the quarter, compared to the consensus estimate of $207.14 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts predict that ProAssurance Corporation will post $2.02 EPS for the current year.

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In other news, insider Howard H. Friedman bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were bought at an average cost of $55.00 per share, for a total transaction of $110,000.00. Following the completion of the transaction, the insider now owns 259,573 shares in the company, valued at $14,276,515. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Neil Frank B. O bought 2,500 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $54.50 per share, for a total transaction of $136,250.00. Following the completion of the transaction, the insider now owns 104,431 shares of the company’s stock, valued at approximately $5,691,489.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 7,000 shares of company stock worth $383,125. 1.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Teacher Retirement System of Texas boosted its position in ProAssurance Corporation by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 4,243 shares of the insurance provider’s stock worth $258,000 after purchasing an additional 30 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in ProAssurance Corporation by 0.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 12,130 shares of the insurance provider’s stock worth $731,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in ProAssurance Corporation by 0.4% during the second quarter. Arizona State Retirement System now owns 27,800 shares of the insurance provider’s stock worth $1,690,000 after purchasing an additional 100 shares in the last quarter. Hartford Investment Management Co. boosted its position in ProAssurance Corporation by 3.6% during the second quarter. Hartford Investment Management Co. now owns 3,728 shares of the insurance provider’s stock worth $227,000 after purchasing an additional 130 shares in the last quarter. Finally, World Asset Management Inc boosted its position in ProAssurance Corporation by 4.0% during the second quarter. World Asset Management Inc now owns 3,515 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 79.76% of the company’s stock.

ProAssurance Corporation Company Profile

ProAssurance Corporation (ProAssurance) 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.

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