ProAssurance Corp. (NYSE:PRA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $53.48, but opened at $53.73. ProAssurance Corp. shares last traded at $54.44, with a volume of 68,940 shares.

A number of equities analysts have issued reports on the stock. TheStreet upgraded shares of ProAssurance Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 3rd. Zacks Investment Research cut shares of ProAssurance Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, JMP Securities lifted their target price on shares of ProAssurance Corp. to $57.00 and gave the stock an “outperform” rating in a research report on Monday, June 13th.

The stock has a market capitalization of $2.90 billion and a price-to-earnings ratio of 27.13. The firm’s 50-day moving average price is $51.98 and its 200-day moving average price is $50.37.

ProAssurance Corp. (NYSE:PRA) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The firm had revenue of $214.80 million for the quarter, compared to the consensus estimate of $202.70 million. During the same quarter in the prior year, the company posted $0.64 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that ProAssurance Corp. will post $2.32 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in PRA. State of Tennessee Treasury Department purchased a new position in ProAssurance Corp. during the fourth quarter valued at approximately $2,033,000. Dimensional Fund Advisors LP raised its position in ProAssurance Corp. by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,764,505 shares of the company’s stock valued at $85,634,000 after buying an additional 166,137 shares in the last quarter. Trexquant Investment LP purchased a new position in ProAssurance Corp. during the fourth quarter valued at approximately $1,281,000. US Bancorp DE raised its position in ProAssurance Corp. by 5.1% in the fourth quarter. US Bancorp DE now owns 24,692 shares of the company’s stock valued at $1,198,000 after buying an additional 1,197 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in ProAssurance Corp. by 1.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 443,560 shares of the company’s stock valued at $21,526,000 after buying an additional 6,390 shares in the last quarter.

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.

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