ProAssurance (NYSE:PRA) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

ProAssurance Corporation (NYSE:PRA)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.84 and traded as high as $24.17. ProAssurance shares last traded at $24.1050, with a volume of 262,603 shares traded.

Analysts Set New Price Targets

A number of research firms have weighed in on PRA. Wall Street Zen raised ProAssurance to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of ProAssurance in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of ProAssurance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $25.00.

ProAssurance Trading Up 0.3%

The business has a 50 day moving average of $24.05 and a two-hundred day moving average of $23.84. The firm has a market cap of $1.24 billion, a P/E ratio of 37.09 and a beta of 0.11. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

ProAssurance (NYSE:PRA) last released its quarterly earnings data on Friday, May 20th. The insurance provider reported $0.04 EPS for the quarter. The firm had revenue of $220.02 million during the quarter. ProAssurance had a net margin of 3.01% and a return on equity of 4.78%. Analysts predict that ProAssurance Corporation will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PRA. Trexquant Investment LP boosted its holdings in shares of ProAssurance by 2.6% during the first quarter. Trexquant Investment LP now owns 174,178 shares of the insurance provider’s stock worth $4,067,000 after acquiring an additional 4,429 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of ProAssurance during the first quarter worth approximately $909,000. Adage Capital Partners GP L.L.C. acquired a new stake in ProAssurance during the 1st quarter worth approximately $8,281,000. AQR Capital Management LLC boosted its stake in ProAssurance by 40.4% in the 1st quarter. AQR Capital Management LLC now owns 134,641 shares of the insurance provider’s stock valued at $3,144,000 after purchasing an additional 38,756 shares during the period. Finally, AQR Arbitrage LLC acquired a new position in ProAssurance in the 1st quarter valued at $8,165,000. 85.58% of the stock is owned by institutional investors.

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.