ProAssurance Corporation (NYSE:PRA) CEO William Stancil Starnes sold 25,896 shares of ProAssurance stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $55.01, for a total value of $1,424,538.96. Following the transaction, the chief executive officer now directly owns 277,772 shares in the company, valued at $15,280,237.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
William Stancil Starnes also recently made the following trade(s):
- On Wednesday, January 10th, William Stancil Starnes sold 2,442 shares of ProAssurance stock. The stock was sold at an average price of $55.00, for a total value of $134,310.00.
ProAssurance Corporation (PRA) traded down $0.05 during trading hours on Friday, hitting $54.95. The company had a trading volume of 129,584 shares, compared to its average volume of 260,081. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. ProAssurance Corporation has a fifty-two week low of $50.70 and a fifty-two week high of $63.45. The firm has a market cap of $2,937.84, a price-to-earnings ratio of 20.43 and a beta of 0.58.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.26%. ProAssurance’s dividend payout ratio (DPR) is 46.10%.
Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ProAssurance by 8.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,067 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 161 shares during the period. Flinton Capital Management LLC boosted its position in ProAssurance by 55.3% during the 2nd quarter. Flinton Capital Management LLC now owns 2,560 shares of the insurance provider’s stock worth $156,000 after acquiring an additional 912 shares during the period. Riverhead Capital Management LLC boosted its position in ProAssurance by 60.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,895 shares of the insurance provider’s stock worth $176,000 after acquiring an additional 1,095 shares during the period. Pacad Investment Ltd. boosted its position in ProAssurance by 47.6% during the 2nd quarter. Pacad Investment Ltd. now owns 3,100 shares of the insurance provider’s stock worth $188,000 after acquiring an additional 1,000 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in ProAssurance during the 2nd quarter worth about $211,000. Institutional investors and hedge funds own 80.17% of the company’s stock.
PRA has been the topic of a number of research analyst reports. Zacks Investment Research raised ProAssurance from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a research report on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $61.00 price target on shares of ProAssurance in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $59.50.
ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, liability insurance for medical technology and life sciences risks, and workers’ compensation insurance.
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