Notable Mover: Proassurance Corp (NYSE:PRA) Institutional Investors Q2 2016 Sentiment

December 1, 2016 - By Ruchi Gupta   ·   0 Comments

Notable Mover: Proassurance Corp (NYSE:PRA) Institutional Investors  Q2 2016 Sentiment

Sentiment for Proassurance Corp (NYSE:PRA)

Proassurance Corp (NYSE:PRA) institutional sentiment decreased to 0.96 in Q2 2016. Its down -0.07, from 1.03 in 2016Q1. The ratio dived, as 93 funds opened new and increased stock positions, while 90 cut down and sold their stock positions in Proassurance Corp. The funds in our partner’s database now have: 42.59 million shares, up from 42.05 million shares in 2016Q1. Also, the number of funds holding Proassurance Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 17 Reduced: 73 Increased: 73 New Position: 20.

ProAssurance Corporation is a holding firm for property and casualty insurance companies. The company has a market cap of $3.00 billion. The Firm 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. It has a 23.23 P/E ratio. It operates in four divisions: Specialty property and casualty, which includes its professional liability business, and medical technology and life sciences business; Workers’ compensation, which includes its workers’ compensation business, which it provides for employers, groups and associations; Lloyd’s syndicate, which includes operating results from its participation in Lloyd’s Syndicate 1729, and Corporate.

About 34,010 shares traded hands. ProAssurance Corporation (NYSE:PRA) has risen 15.95% since April 28, 2016 and is uptrending. It has outperformed by 10.02% the S&P500.

Analysts await ProAssurance Corporation (NYSE:PRA) to report earnings on February, 28. They expect $0.67 earnings per share, down 8.22% or $0.06 from last year’s $0.73 per share. PRA’s profit will be $35.23M for 21.29 P/E if the $0.67 EPS becomes a reality. After $0.46 actual earnings per share reported by ProAssurance Corporation for the previous quarter, Wall Street now forecasts 45.65% EPS growth.

According to Zacks Investment Research, “Pro Assurance is a leader in developing solutions which serve the liability needs of the evolving needs of the health care industry. ProAssurance is the nation’s fourth largest writer of medical professional liability insurance and one of the 100 largest writers of personal auto coverage.”

Monarch Partners Asset Management Llc holds 1.93% of its portfolio in ProAssurance Corporation for 359,736 shares. Dean Capital Management owns 19,943 shares or 1.47% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.47% invested in the company for 470,630 shares. The Pennsylvania-based Minerva Advisors Llc has invested 1.03% in the stock. Prospector Partners Llc, a Connecticut-based fund reported 111,400 shares.#img1#

ProAssurance Corporation (NYSE:PRA) Ratings Coverage

Ratings analysis reveals 100% of ProAssurance’s analysts are positive. Out of 2 Wall Street analysts rating ProAssurance, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. PRA was included in 2 notes of analysts from January 21, 2016. The company was upgraded on Thursday, January 21 by Suntrust Robinson. SunTrust upgraded the shares of PRA in a report on Thursday, January 21 to “Buy” rating.

PRA Company Profile

ProAssurance Corporation (ProAssurance), incorporated on October 20, 2006, is a holding firm for property and casualty insurance companies. The Firm 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. The Firm operates in four divisions: Specialty property and casualty, which includes the Company’s professional liability business, and medical technology and life sciences business; Workers’ compensation, which includes its workers’ compensation business, which it provides for employers, groups and associations; Lloyd’s syndicate, which includes operating results from its participation in Lloyd’s Syndicate 1729, and Corporate, includes the Company’s investing activities managed at the corporate level, non-premium revenues generated outside of its insurance entities, and corporate expenses, including interest and the United States income taxes. In addition, the Company is also a well-known provider for Lloyd’s of London Syndicate 1729, which writes a range of property and casualty insurance and reinsurance lines.

More recent ProAssurance Corporation (NYSE:PRA) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on October 27, 2009. Also Prnewswire.com published the news titled: “ProAssurance Announces Life Sciences Leadership Changes” on February 11, 2016. Prnewswire.com‘s news article titled: “ProAssurance Announces Special and Regular Dividends Totaling $5.00 per Share” with publication date: November 30, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Ruchi Gupta


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>