US Bancorp DE Sells 3,000 Shares of ProAssurance Co. (NYSE:PRA)

US Bancorp DE trimmed its holdings in shares of ProAssurance Co. (NYSE:PRA) by 15.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,501 shares of the insurance provider’s stock after selling 3,000 shares during the quarter. US Bancorp DE’s holdings in ProAssurance were worth $263,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of PRA. Zacks Investment Management acquired a new stake in shares of ProAssurance in the third quarter valued at approximately $5,140,000. Wellington Management Group LLP grew its stake in shares of ProAssurance by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,164,085 shares of the insurance provider’s stock valued at $47,588,000 after buying an additional 91,987 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of ProAssurance by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 253,175 shares of the insurance provider’s stock valued at $3,808,000 after buying an additional 65,325 shares in the last quarter. Wakefield Asset Management LLLP bought a new position in shares of ProAssurance in the fourth quarter valued at $1,036,000. Finally, Barclays PLC grew its stake in shares of ProAssurance by 307.5% in the third quarter. Barclays PLC now owns 85,117 shares of the insurance provider’s stock valued at $1,280,000 after buying an additional 64,228 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

ProAssurance Stock Performance

NYSE:PRA opened at $15.66 on Friday. The stock has a market cap of $801.22 million, a P/E ratio of 18.87 and a beta of 0.21. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $15.05 and its 200-day moving average is $15.21. ProAssurance Co. has a 1-year low of $10.76 and a 1-year high of $17.79.

ProAssurance (NYSE:PRA) last posted its quarterly earnings results on Monday, February 24th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.19. The firm had revenue of $287.52 million for the quarter, compared to analysts’ expectations of $274.56 million. ProAssurance had a return on equity of 2.65% and a net margin of 3.71%. Equities research analysts anticipate that ProAssurance Co. will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of ProAssurance from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

ProAssurance 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.