Proassurance Corp (NYSE:PRA) Institutional Investors 2018 Q2 Sentiment

October 2, 2018 - By Michael Collier

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Sentiment for Proassurance Corp (NYSE:PRA)

Proassurance Corp (NYSE:PRA) institutional sentiment increased to 1.13 in 2018 Q2. Its up 0.15, from 0.98 in 2018Q1. The ratio improved, as 94 investment professionals increased or opened new holdings, while 83 sold and reduced holdings in Proassurance Corp. The investment professionals in our partner’s database reported: 45.40 million shares, up from 42.63 million shares in 2018Q1. Also, the number of investment professionals holding Proassurance Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 31 Reduced: 52 Increased: 70 New Position: 24.

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company has market cap of $2.45 billion. The firm operates through Specialty Property and Casualty, Workers' Compensation, and Lloyd's Syndicate divisions. It has a 28.35 P/E ratio. 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.

The stock decreased 0.17% or $0.08 during the last trading session, reaching $45.64. About 43,607 shares traded. ProAssurance Corporation (NYSE:PRA) has declined 3.10% since October 2, 2017 and is downtrending. It has underperformed by 18.72% the S&P500.

Analysts await ProAssurance Corporation (NYSE:PRA) to report earnings on November, 5. They expect $0.41 earnings per share, down 8.89 % or $0.04 from last year’s $0.45 per share. PRA’s profit will be $21.98M for 27.83 P/E if the $0.41 EPS becomes a reality. After $0.48 actual earnings per share reported by ProAssurance Corporation for the previous quarter, Wall Street now forecasts -14.58 % negative EPS growth.

Smith Graham & Co. Investment Advisors Lp holds 0.63% of its portfolio in ProAssurance Corporation for 189,370 shares. Minerva Advisors Llc owns 28,358 shares or 0.51% of their US portfolio. Moreover, Timessquare Capital Management Llc has 0.43% invested in the company for 1.80 million shares. The Massachusetts-based Cubic Asset Management Llc has invested 0.37% in the stock. Hayek Kallen Investment Management, a Alabama-based fund reported 14,776 shares.

Since January 1, 0001, it had 3 buys, and 0 sales for $282,150 activity.

ProAssurance Corporation (NYSE:PRA) Ratings Coverage

Ratings analysis reveals 25% of Proassurance’s analysts are positive. Out of 4 Wall Street analysts rating Proassurance, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $5000 while the high is $5200. The stock’s average target of $51.33 is 12.47% above today’s ($45.64) share price. PRA was included in 4 notes of analysts from April 4, 2018. The firm earned “Hold” rating on Wednesday, April 4 by SunTrust. The stock of ProAssurance Corporation (NYSE:PRA) earned “Hold” rating by Sandler O’Neill on Friday, April 6. The company was maintained on Tuesday, April 10 by Keefe Bruyette & Woods. JMP Securities maintained the stock with “Market Outperform” rating in Friday, September 21 report.

Another recent and important ProAssurance Corporation (NYSE:PRA) news was published by Seekingalpha.com which published an article titled: “ProAssurance Corporation: Time To Lighten Up Positions” on September 18, 2018.

ProAssurance Corporation (NYSE:PRA) Institutional Positions Chart

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