9,200 Shares in ProAssurance Corporation $PRA Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in ProAssurance Corporation (NYSE:PRA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,200 shares of the insurance provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. lifted its holdings in shares of ProAssurance by 1,750.0% in the second quarter. Mint Tower Capital Management B.V. now owns 37,000 shares of the insurance provider’s stock valued at $845,000 after purchasing an additional 35,000 shares in the last quarter. Intech Investment Management LLC raised its position in shares of ProAssurance by 31.2% during the 2nd quarter. Intech Investment Management LLC now owns 45,347 shares of the insurance provider’s stock worth $1,035,000 after purchasing an additional 10,772 shares during the last quarter. SG Americas Securities LLC lifted its stake in ProAssurance by 218.0% in the 2nd quarter. SG Americas Securities LLC now owns 30,059 shares of the insurance provider’s stock valued at $686,000 after buying an additional 20,605 shares in the last quarter. Olympiad Research LP lifted its stake in ProAssurance by 79.1% in the 2nd quarter. Olympiad Research LP now owns 85,874 shares of the insurance provider’s stock valued at $1,961,000 after buying an additional 37,936 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in ProAssurance by 6.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,021 shares of the insurance provider’s stock valued at $252,000 after buying an additional 681 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

ProAssurance Price Performance

PRA stock opened at $24.08 on Friday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.62 and a beta of 0.11. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.33. ProAssurance Corporation has a 52-week low of $13.90 and a 52-week high of $24.22. The stock’s fifty day simple moving average is $24.02 and its 200-day simple moving average is $23.69.

ProAssurance (NYSE:PRA) last released its earnings results on Friday, May 20th. The insurance provider reported $0.04 EPS for the quarter. ProAssurance had a return on equity of 5.62% and a net margin of 4.33%.The firm had revenue of $220.02 million during the quarter. Equities research analysts expect that ProAssurance Corporation will post 0.8 EPS for the current year.

Analysts Set New Price Targets

PRA has been the subject of a number of analyst reports. Wall Street Zen raised ProAssurance to a “sell” rating in a report on Saturday, November 22nd. Zacks Research cut ProAssurance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ProAssurance in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $25.00.

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.