22,800 Shares in ProAssurance Corporation $PRA Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in ProAssurance Corporation (NYSE:PRA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,800 shares of the insurance provider’s stock, valued at approximately $564,000.

Several other large investors have also recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of ProAssurance by 356.2% during the second quarter. Russell Investments Group Ltd. now owns 1,405 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 1,097 shares during the period. Tower Research Capital LLC TRC raised its position in ProAssurance by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,576 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 4,074 shares during the last quarter. BNP Paribas Financial Markets raised its position in ProAssurance by 22.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,679 shares of the insurance provider’s stock worth $130,000 after purchasing an additional 1,056 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in ProAssurance during the 4th quarter worth about $191,000. Finally, GAMMA Investing LLC grew its position in shares of ProAssurance by 90.5% in the 4th quarter. GAMMA Investing LLC now owns 8,075 shares of the insurance provider’s stock valued at $195,000 after buying an additional 3,837 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of ProAssurance from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Weiss Ratings raised shares of ProAssurance from a “hold (c)” rating to a “hold (c+)” rating in a research note 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 company. According to MarketBeat, the company has an average rating of “Buy”.

ProAssurance Price Performance

Shares of PRA opened at $25.00 on Wednesday. The firm has a market cap of $1.29 billion, a PE ratio of 20.00 and a beta of 0.02. ProAssurance Corporation has a 52-week low of $22.79 and a 52-week high of $25.01. The business’s 50 day moving average price is $24.65 and its two-hundred day moving average price is $24.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27.

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

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.