36,540 Shares in ProAssurance Corporation $PRA Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in ProAssurance Corporation (NYSE:PRA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,540 shares of the insurance provider’s stock, valued at approximately $903,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of ProAssurance at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC grew its holdings in ProAssurance by 1.4% during the 4th quarter. Ellsworth Advisors LLC now owns 37,141 shares of the insurance provider’s stock worth $899,000 after acquiring an additional 519 shares in the last quarter. Inspire Investing LLC lifted its position in shares of ProAssurance by 3.0% during the fourth quarter. Inspire Investing LLC now owns 19,386 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 569 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ProAssurance by 5.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,935 shares of the insurance provider’s stock worth $313,000 after purchasing an additional 678 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in ProAssurance by 2.7% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 27,815 shares of the insurance provider’s stock valued at $688,000 after buying an additional 734 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in ProAssurance by 7.6% in the fourth quarter. LPL Financial LLC now owns 10,616 shares of the insurance provider’s stock valued at $256,000 after buying an additional 747 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

ProAssurance Stock Performance

NYSE PRA opened at $25.00 on Monday. ProAssurance Corporation has a one year low of $22.79 and a one year high of $25.01. The company has a 50-day simple moving average of $24.67 and a 200-day simple moving average of $24.51. 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 PE ratio of 20.00 and a beta of 0.02.

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen downgraded ProAssurance from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Weiss Ratings upgraded ProAssurance from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About ProAssurance

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.