Teacher Retirement System of Texas Takes $603,000 Position in ProAssurance Co. (NYSE:PRA)

Teacher Retirement System of Texas acquired a new stake in shares of ProAssurance Co. (NYSE:PRA) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 37,874 shares of the insurance provider’s stock, valued at approximately $603,000.

Other hedge funds have also modified their holdings of the company. KBC Group NV raised its holdings in shares of ProAssurance by 75.4% in the fourth quarter. KBC Group NV now owns 4,184 shares of the insurance provider’s stock worth $67,000 after buying an additional 1,798 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of ProAssurance by 94.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,347 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 4,052 shares in the last quarter. FMR LLC increased its position in shares of ProAssurance by 197.8% in the third quarter. FMR LLC now owns 12,063 shares of the insurance provider’s stock valued at $181,000 after buying an additional 8,012 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in ProAssurance by 30.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,978 shares of the insurance provider’s stock valued at $270,000 after buying an additional 4,149 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of ProAssurance in the fourth quarter valued at about $354,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

ProAssurance Stock Down 0.1 %

PRA stock opened at $23.34 on Monday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.11 and a beta of 0.21. The company’s 50 day moving average price is $16.23 and its 200 day moving average price is $15.78. ProAssurance Co. has a fifty-two week low of $10.76 and a fifty-two week high of $23.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.28 and a current ratio of 0.28.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded ProAssurance from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

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.