Future Fund LLC Purchases New Holdings in ProAssurance Corporation $PRA

Future Fund LLC purchased a new position in shares of ProAssurance Corporation (NYSE:PRA) during the first quarter, Holdings Channel reports. The institutional investor purchased 20,837 shares of the insurance provider’s stock, valued at approximately $515,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of ProAssurance by 356.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,405 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 1,097 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of ProAssurance by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,576 shares of the insurance provider’s stock worth $127,000 after buying an additional 4,074 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of ProAssurance by 22.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,679 shares of the insurance provider’s stock worth $130,000 after buying an additional 1,056 shares during the last quarter. Kestra Advisory Services LLC bought a new position in ProAssurance during the fourth quarter valued at about $191,000. Finally, GAMMA Investing LLC increased its holdings in ProAssurance by 90.5% during the fourth quarter. GAMMA Investing LLC now owns 8,075 shares of the insurance provider’s stock worth $195,000 after buying an additional 3,837 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

ProAssurance Stock Performance

Shares of PRA opened at $25.00 on Friday. The firm has a market cap of $1.29 billion, a PE ratio of 20.00 and a beta of 0.02. The stock’s fifty day moving average price is $24.70 and its two-hundred day moving average price is $24.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27. ProAssurance Corporation has a 1 year low of $22.79 and a 1 year high of $25.01.

ProAssurance (NYSE:PRA) last issued its quarterly earnings results on Tuesday, May 5th. The insurance provider reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $262.63 million for the quarter, compared to analysts’ expectations of $216.86 million. ProAssurance had a return on equity of 6.82% and a net margin of 5.99%.The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. On average, equities research analysts forecast that ProAssurance Corporation will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

PRA has been the topic of several research reports. Weiss Ratings raised shares of ProAssurance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Wall Street Zen downgraded shares of ProAssurance from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

About ProAssurance

ProAssurance Corporation is a specialty property and casualty insurance holding company headquartered in Birmingham, Alabama. The company focuses primarily on professional liability coverage for healthcare providers, including physicians, surgeons, dentists and allied health professionals. ProAssurance operates through a group of insurance subsidiaries that underwrite both occurrence- and claims-made policies tailored to the unique risks faced by the medical community.

In addition to professional liability insurance, ProAssurance offers a suite of complementary property and casualty products, such as general liability, workers’ compensation, property and inland marine, and umbrella coverage.