ProAssurance Corporation (PRA) Chairman William Stancil Starnes Sells 2,442 Shares
ProAssurance Corporation (NYSE:PRA) Chairman William Stancil Starnes sold 2,442 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $55.00, for a total transaction of $134,310.00. Following the sale, the chairman now owns 324,895 shares in the company, valued at $17,869,225. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
William Stancil Starnes also recently made the following trade(s):
- On Friday, January 12th, William Stancil Starnes sold 25,896 shares of ProAssurance stock. The stock was sold at an average price of $55.01, for a total transaction of $1,424,538.96.
Shares of ProAssurance Corporation (NYSE:PRA) opened at $54.95 on Friday. The company has a market cap of $2,935.15, a price-to-earnings ratio of 23.89 and a beta of 0.58. ProAssurance Corporation has a 1 year low of $50.70 and a 1 year high of $63.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.
ProAssurance (NYSE:PRA) last issued its earnings results on Monday, November 6th. The insurance provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $228.50 million for the quarter, compared to analyst estimates of $215.12 million. ProAssurance had a net margin of 16.18% and a return on equity of 6.75%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. sell-side analysts predict that ProAssurance Corporation will post 2.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were given a $0.31 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $1.24 annualized dividend and a dividend yield of 2.26%. ProAssurance’s dividend payout ratio is presently 46.10%.
Several institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in shares of ProAssurance by 62.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 50,900 shares of the insurance provider’s stock worth $2,909,000 after buying an additional 19,500 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of ProAssurance by 26.5% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 11,862 shares of the insurance provider’s stock worth $678,000 after buying an additional 2,486 shares in the last quarter. Leavell Investment Management Inc. boosted its position in shares of ProAssurance by 5.0% in the 4th quarter. Leavell Investment Management Inc. now owns 60,377 shares of the insurance provider’s stock worth $3,451,000 after buying an additional 2,882 shares in the last quarter. Susquehanna International Group LLP boosted its position in shares of ProAssurance by 10.4% in the 3rd quarter. Susquehanna International Group LLP now owns 67,361 shares of the insurance provider’s stock worth $3,681,000 after buying an additional 6,367 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of ProAssurance in the 3rd quarter worth about $1,565,000. Institutional investors and hedge funds own 80.17% of the company’s stock.
Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $60.00 target price on shares of ProAssurance in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of ProAssurance from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Friday, January 5th. Finally, Boenning Scattergood restated a “hold” rating on shares of ProAssurance in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.50.
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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