ProAssurance (NYSE:PRA) Upgraded at StockNews.com

StockNews.com upgraded shares of ProAssurance (NYSE:PRA) from a hold rating to a buy rating in a report issued on Monday morning.

A number of other equities analysts also recently commented on the stock. JMP Securities reduced their target price on shares of ProAssurance from $22.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 17th. Piper Sandler downgraded shares of ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Monday. Finally, Truist Financial decreased their price objective on ProAssurance from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, ProAssurance presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

ProAssurance Stock Up 0.4 %

Shares of NYSE:PRA opened at $17.17 on Monday. ProAssurance has a 52-week low of $10.76 and a 52-week high of $17.79. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $14.67 and a two-hundred day moving average of $13.63. The stock has a market cap of $878.42 million, a P/E ratio of 20.69 and a beta of 0.24.

Institutional Trading of ProAssurance

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of ProAssurance by 14.5% during the first quarter. BNP Paribas Financial Markets now owns 38,649 shares of the insurance provider’s stock worth $497,000 after buying an additional 4,885 shares during the period. ProShare Advisors LLC purchased a new position in ProAssurance during the 1st quarter valued at about $132,000. State Board of Administration of Florida Retirement System grew its position in ProAssurance by 62.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,094 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 9,670 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in ProAssurance by 12.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 46,875 shares of the insurance provider’s stock worth $603,000 after purchasing an additional 5,008 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of ProAssurance by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,323 shares of the insurance provider’s stock worth $570,000 after purchasing an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

ProAssurance Company Profile

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers’ Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.