Susquehanna International Group LLP Boosts Holdings in ProAssurance Corporation (PRA)

Susquehanna International Group LLP raised its stake in ProAssurance Corporation (NYSE:PRA) by 185.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,994 shares of the insurance provider’s stock after buying an additional 39,613 shares during the period. Susquehanna International Group LLP owned approximately 0.11% of ProAssurance Corporation worth $3,708,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of PRA. BlackRock Inc. increased its holdings in shares of ProAssurance Corporation by 23,830.8% in the first quarter. BlackRock Inc. now owns 5,194,417 shares of the insurance provider’s stock valued at $312,963,000 after buying an additional 5,172,711 shares in the last quarter. FMR LLC increased its holdings in shares of ProAssurance Corporation by 28.9% in the second quarter. FMR LLC now owns 2,684,274 shares of the insurance provider’s stock valued at $163,204,000 after buying an additional 602,115 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of ProAssurance Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,000,763 shares of the insurance provider’s stock valued at $301,296,000 after buying an additional 258,955 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of ProAssurance Corporation by 151.8% in the first quarter. Epoch Investment Partners Inc. now owns 298,849 shares of the insurance provider’s stock valued at $18,005,000 after buying an additional 180,151 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of ProAssurance Corporation by 54.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 470,404 shares of the insurance provider’s stock valued at $28,600,000 after buying an additional 166,561 shares in the last quarter. 79.76% of the stock is currently owned by institutional investors.

ProAssurance Corporation (NYSE PRA) traded up 0.63% during trading on Tuesday, reaching $55.65. 21,086 shares of the company’s stock traded hands. The firm’s 50 day moving average is $53.93 and its 200 day moving average is $58.22. ProAssurance Corporation has a 12 month low of $50.50 and a 12 month high of $63.53. The company has a market cap of $2.97 billion, a P/E ratio of 19.88 and a beta of 0.54.

ProAssurance Corporation (NYSE:PRA) last announced its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. ProAssurance Corporation had a net margin of 16.80% and a return on equity of 6.59%. The business had revenue of $205.58 million for the quarter, compared to analyst estimates of $207.14 million. During the same period in the prior year, the business posted $0.67 earnings per share. ProAssurance Corporation’s revenue was down 4.3% compared to the same quarter last year. Analysts anticipate that ProAssurance Corporation will post $2.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be issued a $0.31 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.24 annualized dividend and a yield of 2.24%. ProAssurance Corporation’s dividend payout ratio is currently 44.60%.

In other ProAssurance Corporation news, insider Neil Frank B. O acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $54.75 per share, for a total transaction of $136,875.00. Following the completion of the acquisition, the insider now directly owns 101,931 shares of the company’s stock, valued at approximately $5,580,722.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Howard H. Friedman acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average price of $55.00 per share, for a total transaction of $110,000.00. Following the completion of the acquisition, the insider now directly owns 259,573 shares of the company’s stock, valued at $14,276,515. The disclosure for this purchase can be found here. Insiders purchased 7,000 shares of company stock worth $383,125 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Susquehanna International Group LLP Boosts Holdings in ProAssurance Corporation (PRA)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/susquehanna-international-group-llp-boosts-holdings-in-proassurance-corporation-pra.html.

PRA has been the topic of several research reports. BidaskClub cut ProAssurance Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Buckingham Research initiated coverage on ProAssurance Corporation in a report on Monday, September 11th. They issued a “neutral” rating and a $54.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on ProAssurance Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $61.00 price target

Several other hedge funds and other institutional investors also recently bought and sold shares of PRA. BlackRock Inc. increased its holdings in shares of ProAssurance Corporation by 23,830.8% in the first quarter. BlackRock Inc. now owns 5,194,417 shares of the insurance provider’s stock valued at $312,963,000 after buying an additional 5,172,711 shares in the last quarter. FMR LLC increased its holdings in shares of ProAssurance Corporation by 28.9% in the second quarter. FMR LLC now owns 2,684,274 shares of the insurance provider’s stock valued at $163,204,000 after buying an additional 602,115 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of ProAssurance Corporation by 5.5% in the first quarter. Vanguard Group Inc. now owns 5,000,763 shares of the insurance provider’s stock valued at $301,296,000 after buying an additional 258,955 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of ProAssurance Corporation by 151.8% in the first quarter. Epoch Investment Partners Inc. now owns 298,849 shares of the insurance provider’s stock valued at $18,005,000 after buying an additional 180,151 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of ProAssurance Corporation by 54.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 470,404 shares of the insurance provider’s stock valued at $28,600,000 after buying an additional 166,561 shares in the last quarter. 79.76% of the stock is currently owned by institutional investors.

ProAssurance Corporation (NYSE PRA) traded up 0.63% during trading on Tuesday, reaching $55.65. 21,086 shares of the company’s stock traded hands. The firm’s 50 day moving average is $53.93 and its 200 day moving average is $58.22. ProAssurance Corporation has a 12 month low of $50.50 and a 12 month high of $63.53. The company has a market cap of $2.97 billion, a P/E ratio of 19.88 and a beta of 0.54.

ProAssurance Corporation (NYSE:PRA) last announced its quarterly earnings data on Monday, August 7th. The insurance provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. ProAssurance Corporation had a net margin of 16.80% and a return on equity of 6.59%. The business had revenue of $205.58 million for the quarter, compared to analyst estimates of $207.14 million. During the same period in the prior year, the business posted $0.67 earnings per share. ProAssurance Corporation’s revenue was down 4.3% compared to the same quarter last year. Analysts anticipate that ProAssurance Corporation will post $2.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be issued a $0.31 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.24 annualized dividend and a yield of 2.24%. ProAssurance Corporation’s dividend payout ratio is currently 44.60%.

In other ProAssurance Corporation news, insider Neil Frank B. O acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $54.75 per share, for a total transaction of $136,875.00. Following the completion of the acquisition, the insider now directly owns 101,931 shares of the company’s stock, valued at approximately $5,580,722.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Howard H. Friedman acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average price of $55.00 per share, for a total transaction of $110,000.00. Following the completion of the acquisition, the insider now directly owns 259,573 shares of the company’s stock, valued at $14,276,515. The disclosure for this purchase can be found here. Insiders purchased 7,000 shares of company stock worth $383,125 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Susquehanna International Group LLP Boosts Holdings in ProAssurance Corporation (PRA)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/susquehanna-international-group-llp-boosts-holdings-in-proassurance-corporation-pra.html.

PRA has been the topic of several research reports. BidaskClub cut ProAssurance Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Buckingham Research initiated coverage on ProAssurance Corporation in a report on Monday, September 11th. They issued a “neutral” rating and a $54.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on ProAssurance Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $61.00 price target on the stock. Zacks Investment Research raised ProAssurance Corporation from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Wednesday, July 5th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of ProAssurance Corporation in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.00.

ProAssurance Corporation Profile

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.

Institutional Ownership by Quarter for ProAssurance Corporation (NYSE:PRA)

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