EverSource Wealth Advisors LLC Has $74,000 Stake in ProAssurance Co. (NYSE:PRA)

EverSource Wealth Advisors LLC trimmed its position in shares of ProAssurance Co. (NYSE:PRA) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

A number of other institutional investors also recently modified their holdings of 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 valued at $67,000 after buying an additional 1,798 shares during the last quarter. 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 valued at $126,000 after buying an additional 4,052 shares during the last quarter. 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 valued at $181,000 after buying an additional 8,012 shares during the last quarter. 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 valued at $270,000 after buying an additional 4,149 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in ProAssurance in the 4th quarter valued at $354,000. 85.58% of the stock is owned by institutional investors and hedge funds.

ProAssurance Trading Up 0.1 %

NYSE PRA opened at $15.73 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $804.75 million, a price-to-earnings ratio of 18.95 and a beta of 0.21. ProAssurance Co. has a one year low of $10.76 and a one year high of $17.79. The business’s fifty day moving average is $15.06 and its 200-day moving average is $15.27.

ProAssurance (NYSE:PRA) last posted its earnings results on Monday, February 24th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.19. ProAssurance had a net margin of 3.71% and a return on equity of 2.65%. The business had revenue of $287.52 million for the quarter, compared to analysts’ expectations of $274.56 million. Equities research analysts predict that ProAssurance Co. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

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

ProAssurance Profile

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.