ProAssurance (PRA) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of ProAssurance (NYSE: PRA) in the last few weeks:

• 11/19/2024 – ProAssurance was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/12/2024 – ProAssurance had its price target raised by analysts at Truist Financial Co. from $14.00 to $18.00. They now have a “hold” rating on the stock.
• 11/11/2024 – ProAssurance was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $18.00 price target on the stock.
• 11/11/2024 – ProAssurance was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

ProAssurance Stock Down 0.1 %

ProAssurance stock opened at $16.72 on Monday. The firm’s 50 day moving average price is $15.58 and its two-hundred day moving average price is $13.86. The firm has a market cap of $855.40 million, a PE ratio of 20.14 and a beta of 0.24. ProAssurance Co. has a twelve month low of $10.76 and a twelve month high of $17.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.28 and a current ratio of 0.28.

Institutional Trading of ProAssurance

Hedge funds and other institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its position in ProAssurance by 12.0% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD raised its position in 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 valued at $570,000 after acquiring an additional 1,619 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in ProAssurance by 2.4% in the second quarter. Assenagon Asset Management S.A. now owns 253,649 shares of the insurance provider’s stock valued at $3,100,000 after acquiring an additional 6,062 shares during the last quarter. Bank of New York Mellon Corp grew its position in ProAssurance by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 417,150 shares of the insurance provider’s stock worth $5,098,000 after acquiring an additional 8,549 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of ProAssurance during the 2nd quarter worth $69,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

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.