EULAV Asset Management Maintains Stake in ProAssurance Corporation (PRA)
EULAV Asset Management maintained its stake in ProAssurance Corporation (NYSE:PRA) during the third quarter, according to its most recent filing with the SEC. The fund owned 53,900 shares of the company’s stock at the end of the third quarter. EULAV Asset Management’s holdings in ProAssurance Corporation were worth $2,829,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in PRA. LS Investment Advisors LLC increased its stake in ProAssurance Corporation by 3.7% in the second quarter. LS Investment Advisors LLC now owns 1,882 shares of the company’s stock valued at $101,000 after buying an additional 67 shares in the last quarter. Advisor Group Inc. purchased a new stake in ProAssurance Corporation during the second quarter valued at approximately $121,000. O Shaughnessy Asset Management LLC increased its stake in ProAssurance Corporation by 0.7% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,273 shares of the company’s stock valued at $122,000 after buying an additional 15 shares in the last quarter. Independent Portfolio Consultants Inc. purchased a new stake in ProAssurance Corporation during the third quarter valued at approximately $186,000. Finally, Calvert Investment Management Inc. purchased a new stake in ProAssurance Corporation during the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 80.55% of the company’s stock.
Shares of ProAssurance Corporation (NYSE:PRA) remained flat at $55.65 during midday trading on Friday. The company’s stock had a trading volume of 89,853 shares. The company has a 50 day moving average of $57.85 and a 200-day moving average of $54.24. ProAssurance Corporation has a 1-year low of $45.78 and a 1-year high of $63.53. The company has a market cap of $2.96 billion, a P/E ratio of 22.67 and a beta of 0.46.
The business also recently declared a quarterly dividend, which was paid on Monday, January 9th. Investors of record on Friday, December 23rd were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, December 21st. This represents a $1.24 annualized dividend and a yield of 2.23%. ProAssurance Corporation’s payout ratio is 50.61%.
Separately, Zacks Investment Research upgraded ProAssurance Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 28th.
About ProAssurance Corporation
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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