ProAssurance Co. (PRA) Given Average Rating of “Hold” by Analysts

ProAssurance Co. (NYSE:PRA) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $48.25.

A number of research firms have recently commented on PRA. Zacks Investment Research reiterated a “hold” rating on shares of ProAssurance in a research note on Wednesday, November 14th. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a research note on Thursday, November 15th. Finally, SunTrust Banks lowered their target price on ProAssurance to $45.00 and set a “hold” rating on the stock in a research note on Friday, December 14th. They noted that the move was a valuation call.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of ProAssurance by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 17,915 shares of the insurance provider’s stock worth $726,000 after purchasing an additional 265 shares during the period. Strs Ohio raised its stake in ProAssurance by 25.0% in the 4th quarter. Strs Ohio now owns 1,500 shares of the insurance provider’s stock valued at $60,000 after acquiring an additional 300 shares during the period. Public Employees Retirement System of Ohio raised its stake in ProAssurance by 7.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,685 shares of the insurance provider’s stock valued at $190,000 after acquiring an additional 308 shares during the period. Piedmont Investment Advisors Inc. raised its stake in ProAssurance by 3.3% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 12,754 shares of the insurance provider’s stock valued at $517,000 after acquiring an additional 412 shares during the period. Finally, Comerica Bank raised its stake in ProAssurance by 0.8% in the 4th quarter. Comerica Bank now owns 52,998 shares of the insurance provider’s stock valued at $2,251,000 after acquiring an additional 440 shares during the period. Institutional investors own 84.61% of the company’s stock.

PRA traded up $0.41 during mid-day trading on Wednesday, reaching $45.36. 235,300 shares of the stock were exchanged, compared to its average volume of 239,574. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 22.46 and a beta of 0.64. ProAssurance has a 1 year low of $34.95 and a 1 year high of $52.65.

About ProAssurance

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, and Lloyd's Syndicate segments. It offers 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 for employers, groups, and associations.

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Analyst Recommendations for ProAssurance (NYSE:PRA)

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