North Star Asset Management Inc. held its stake in ProAssurance Corp. (NYSE:PRA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,870 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in ProAssurance Corp. were worth $261,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. LS Investment Advisors LLC increased its position in shares of ProAssurance Corp. by 3.7% in the second quarter. LS Investment Advisors LLC now owns 1,882 shares of the company’s stock valued at $101,000 after buying an additional 67 shares during the last quarter. Quadrant Capital Management LLC purchased a new position in ProAssurance Corp. during the second quarter valued at about $202,000. First Quadrant L P CA increased its position in ProAssurance Corp. by 25.0% in the second quarter. First Quadrant L P CA now owns 5,500 shares of the company’s stock valued at $295,000 after buying an additional 1,100 shares in the last quarter. Creative Planning increased its position in ProAssurance Corp. by 63.2% in the second quarter. Creative Planning now owns 6,537 shares of the company’s stock valued at $350,000 after buying an additional 2,531 shares in the last quarter. Finally, BlackRock Inc. increased its position in ProAssurance Corp. by 180.1% in the first quarter. BlackRock Inc. now owns 7,850 shares of the company’s stock valued at $397,000 after buying an additional 5,047 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.
ProAssurance Corp. (NYSE:PRA) traded up 0.04% on Tuesday, hitting $53.91. The stock had a trading volume of 88,778 shares. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 26.82 and a beta of 0.45. ProAssurance Corp. has a 1-year low of $45.78 and a 1-year high of $55.43. The company has a 50-day moving average price of $53.41 and a 200-day moving average price of $51.76.
ProAssurance Corp. (NYSE:PRA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.10. The firm earned $214.80 million during the quarter, compared to the consensus estimate of $202.70 million. ProAssurance Corp. had a return on equity of 7.65% and a net margin of 16.40%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. Equities analysts predict that ProAssurance Corp. will post $2.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Wednesday, September 28th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, September 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.30%. ProAssurance Corp.’s dividend payout ratio (DPR) is presently 61.69%.
Separately, Zacks Investment Research raised ProAssurance Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th.
ProAssurance Corp. Company Profile
ProAssurance Corporation 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.
Want to see what other hedge funds are holding PRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProAssurance Corp. (NYSE:PRA).
Receive News & Ratings for ProAssurance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProAssurance Corp. and related companies with MarketBeat.com's FREE daily email newsletter.