ProAssurance (NYSE:PRA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ProAssurance (NYSE:PRA) to a sell rating in a report issued on Saturday.

A number of other brokerages have also recently issued reports on PRA. Zacks Research cut ProAssurance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of ProAssurance in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $25.00.

ProAssurance Stock Down 0.3%

Shares of PRA opened at $23.99 on Friday. ProAssurance has a fifty-two week low of $13.90 and a fifty-two week high of $24.22. The company’s fifty day moving average is $24.00 and its two-hundred day moving average is $23.67. The firm has a market cap of $1.23 billion, a PE ratio of 25.52 and a beta of 0.11. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.33.

ProAssurance (NYSE:PRA) last issued its earnings results on Friday, May 20th. The insurance provider reported $0.04 earnings per share for the quarter. ProAssurance had a return on equity of 5.62% and a net margin of 4.33%.The business had revenue of $220.02 million for the quarter. Analysts forecast that ProAssurance will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in ProAssurance by 356.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,405 shares of the insurance provider’s stock worth $32,000 after buying an additional 1,097 shares during the period. Quantbot Technologies LP purchased a new stake in shares of ProAssurance during the first quarter worth about $47,000. CWM LLC increased its position in shares of ProAssurance by 95.9% during the first quarter. CWM LLC now owns 2,204 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 1,079 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of ProAssurance by 12,152.2% in the third quarter. Cornerstone Planning Group LLC now owns 2,818 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 2,795 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in ProAssurance by 50.7% in the second quarter. GAMMA Investing LLC now owns 3,123 shares of the insurance provider’s stock valued at $71,000 after purchasing an additional 1,050 shares during the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

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.