ProAssurance (NYSE:PRA)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a report released on Wednesday. They currently have a $61.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 1.05% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Boenning Scattergood reaffirmed a “hold” rating on shares of ProAssurance in a research note on Tuesday, August 8th. Buckingham Research started coverage on ProAssurance in a research note on Monday, September 11th. They set a “neutral” rating and a $54.00 price objective on the stock. Finally, Zacks Investment Research raised ProAssurance from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. ProAssurance currently has a consensus rating of “Hold” and a consensus target price of $61.00.

Shares of ProAssurance (PRA) traded down $0.35 during trading on Wednesday, reaching $61.65. The company had a trading volume of 100,697 shares, compared to its average volume of 152,435. The firm has a market cap of $3,354.48, a P/E ratio of 27.30 and a beta of 0.58. ProAssurance has a twelve month low of $50.70 and a twelve month high of $63.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

ProAssurance (NYSE:PRA) last issued its quarterly earnings data on Monday, November 6th. The insurance provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.09. The business had revenue of $228.50 million for the quarter, compared to the consensus estimate of $215.12 million. ProAssurance had a return on equity of 6.75% and a net margin of 16.18%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. equities research analysts predict that ProAssurance will post 2.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRA. Morgan Stanley raised its stake in shares of ProAssurance by 258.0% in the 1st quarter. Morgan Stanley now owns 54,085 shares of the insurance provider’s stock valued at $3,259,000 after purchasing an additional 38,976 shares during the period. US Bancorp DE raised its stake in shares of ProAssurance by 2.6% in the 2nd quarter. US Bancorp DE now owns 8,786 shares of the insurance provider’s stock valued at $534,000 after purchasing an additional 223 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of ProAssurance by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,620 shares of the insurance provider’s stock valued at $767,000 after purchasing an additional 490 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of ProAssurance by 3.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 77,292 shares of the insurance provider’s stock valued at $4,695,000 after purchasing an additional 2,851 shares during the period. Finally, World Asset Management Inc raised its stake in shares of ProAssurance by 4.0% in the 2nd quarter. World Asset Management Inc now owns 3,515 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 134 shares during the period. 80.23% of the stock is currently owned by hedge funds and other institutional investors.

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About ProAssurance

ProAssurance Corporation (ProAssurance) 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.

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