ProAssurance Corporation $PRA Stock Position Lowered by Credit Industriel ET Commercial

Credit Industriel ET Commercial decreased its position in ProAssurance Corporation (NYSE:PRA) by 15.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,874 shares of the insurance provider’s stock after selling 51,980 shares during the quarter. ProAssurance comprises approximately 0.6% of Credit Industriel ET Commercial’s holdings, making the stock its 21st largest position. Credit Industriel ET Commercial’s holdings in ProAssurance were worth $7,289,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ellsworth Advisors LLC grew its holdings in ProAssurance by 1.4% during the fourth quarter. Ellsworth Advisors LLC now owns 37,141 shares of the insurance provider’s stock worth $899,000 after acquiring an additional 519 shares during the period. Inspire Investing LLC raised its position in ProAssurance by 3.0% in the fourth quarter. Inspire Investing LLC now owns 19,386 shares of the insurance provider’s stock worth $468,000 after acquiring an additional 569 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ProAssurance by 5.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,935 shares of the insurance provider’s stock valued at $313,000 after acquiring an additional 678 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in ProAssurance by 2.7% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 27,815 shares of the insurance provider’s stock valued at $688,000 after acquiring an additional 734 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of ProAssurance by 7.6% during the 4th quarter. LPL Financial LLC now owns 10,616 shares of the insurance provider’s stock valued at $256,000 after purchasing an additional 747 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

ProAssurance Stock Performance

ProAssurance stock opened at $25.00 on Tuesday. ProAssurance Corporation has a 52 week low of $22.79 and a 52 week high of $25.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 20.00 and a beta of 0.02. The company has a 50 day moving average price of $24.64 and a 200 day moving average price of $24.48.

ProAssurance (NYSE:PRA) last released its earnings results on Tuesday, May 5th. The insurance provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $262.63 million during the quarter, compared to analyst estimates of $216.86 million. ProAssurance had a return on equity of 6.82% and a net margin of 5.99%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Research analysts forecast that ProAssurance Corporation will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

PRA has been the topic of several recent research reports. Wall Street Zen cut shares of ProAssurance from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Weiss Ratings upgraded shares of ProAssurance from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

ProAssurance Company Profile

ProAssurance Corporation is a specialty property and casualty insurance holding company headquartered in Birmingham, Alabama. The company focuses primarily on professional liability coverage for healthcare providers, including physicians, surgeons, dentists and allied health professionals. ProAssurance operates through a group of insurance subsidiaries that underwrite both occurrence- and claims-made policies tailored to the unique risks faced by the medical community.

In addition to professional liability insurance, ProAssurance offers a suite of complementary property and casualty products, such as general liability, workers’ compensation, property and inland marine, and umbrella coverage.