ProAssurance (NYSE:PRA) Upgraded at StockNews.com

ProAssurance (NYSE:PRA) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

PRA has been the topic of several other reports. Truist Financial boosted their price target on shares of ProAssurance from $14.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Piper Sandler downgraded shares of ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Monday, November 11th.

ProAssurance Price Performance

PRA stock opened at $16.07 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. ProAssurance has a 52-week low of $10.76 and a 52-week high of $17.79. The stock’s 50 day moving average is $16.19 and its two-hundred day moving average is $14.11. The company has a market capitalization of $822.08 million, a PE ratio of 19.36 and a beta of 0.28.

Institutional Investors Weigh In On ProAssurance

Institutional investors have recently made changes to their positions in the stock. Zacks Investment Management purchased a new position in ProAssurance in the 3rd quarter worth $5,140,000. Assenagon Asset Management S.A. boosted its holdings in shares of ProAssurance by 91.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 485,501 shares of the insurance provider’s stock valued at $7,302,000 after buying an additional 231,852 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of ProAssurance by 567.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 151,434 shares of the insurance provider’s stock worth $1,851,000 after buying an additional 128,747 shares during the last quarter. Dana Investment Advisors Inc. grew its position in ProAssurance by 33.6% during the 2nd quarter. Dana Investment Advisors Inc. now owns 434,850 shares of the insurance provider’s stock valued at $5,314,000 after purchasing an additional 109,253 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of ProAssurance by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,164,085 shares of the insurance provider’s stock worth $47,588,000 after purchasing an additional 91,987 shares in the last quarter. Hedge funds and other institutional investors 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.