Larson Financial Group LLC increased its holdings in shares of ProAssurance Co. (NYSE:PRA) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,314 shares of the insurance provider’s stock after acquiring an additional 410 shares during the period. Larson Financial Group LLC’s holdings in ProAssurance were worth $156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position in ProAssurance by 375.0% during the 1st quarter. Quadrant Capital Group LLC now owns 855 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 675 shares during the last quarter. Versant Capital Management Inc lifted its holdings in ProAssurance by 43.4% during the 2nd quarter. Versant Capital Management Inc now owns 879 shares of the insurance provider’s stock worth $31,000 after buying an additional 266 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in ProAssurance during the 4th quarter worth $42,000. Marshall Wace North America L.P. acquired a new position in ProAssurance during the 1st quarter worth $42,000. Finally, Twin Tree Management LP acquired a new position in ProAssurance during the 1st quarter worth $63,000. Institutional investors and hedge funds own 81.61% of the company’s stock.

Several research analysts have issued reports on PRA shares. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. JMP Securities reduced their price objective on ProAssurance from $50.00 to $45.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 10th. Keefe, Bruyette & Woods downgraded ProAssurance from a “market perform” rating to an “underperform” rating and set a $33.00 price objective on the stock. in a report on Monday, May 20th. Finally, Boenning Scattergood set a $63.00 price objective on Citizens Financial Services and gave the stock a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.20.

NYSE:PRA traded up $0.34 during trading hours on Friday, hitting $37.16. 400,088 shares of the stock were exchanged, compared to its average volume of 292,583. The company’s 50 day moving average is $37.71. ProAssurance Co. has a twelve month low of $34.11 and a twelve month high of $49.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $1.98 billion, a P/E ratio of 25.11 and a beta of 0.55.

ProAssurance (NYSE:PRA) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.23). The company had revenue of $268.88 million during the quarter, compared to analyst estimates of $238.55 million. ProAssurance had a net margin of 7.01% and a return on equity of 3.98%. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. On average, research analysts anticipate that ProAssurance Co. will post 0.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Investors of record on Friday, June 14th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, June 13th. ProAssurance’s payout ratio is presently 83.78%.

In related news, Director John J. Mcmahon, Jr. sold 933 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $36.19, for a total transaction of $33,765.27. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

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 Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments.

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Institutional Ownership by Quarter for ProAssurance (NYSE:PRA)

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