EverSource Wealth Advisors LLC Decreases Position in ProAssurance Co. (NYSE:PRA)

EverSource Wealth Advisors LLC lessened its holdings in ProAssurance Co. (NYSE:PRA) by 30.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,676 shares of the insurance provider’s stock after selling 2,047 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ProAssurance were worth $74,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV raised its position in ProAssurance by 75.4% in the 4th quarter. KBC Group NV now owns 4,184 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 1,798 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in ProAssurance by 94.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,347 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 4,052 shares during the period. FMR LLC raised its position in ProAssurance by 197.8% in the 3rd quarter. FMR LLC now owns 12,063 shares of the insurance provider’s stock worth $181,000 after purchasing an additional 8,012 shares during the period. BNP Paribas Financial Markets raised its position in ProAssurance by 30.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,978 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 4,149 shares during the period. Finally, Versor Investments LP bought a new stake in ProAssurance in the 4th quarter worth $354,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ProAssurance from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

ProAssurance Price Performance

Shares of ProAssurance stock opened at $15.73 on Wednesday. The firm has a market cap of $804.75 million, a PE ratio of 18.95 and a beta of 0.21. ProAssurance Co. has a 12-month low of $10.76 and a 12-month high of $17.79. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $15.06 and its two-hundred day simple moving average is $15.27.

ProAssurance (NYSE:PRA) last announced its earnings results on Monday, February 24th. The insurance provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.19. The firm had revenue of $287.52 million for the quarter, compared to analyst estimates of $274.56 million. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. As a group, equities analysts expect that ProAssurance Co. will post 0.8 EPS for the current year.

About ProAssurance

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers’ Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.