2 weeks Ago By ABMN Staff
ProAssurance ( NYSE:PRA – Get Free Report ) was downgraded by stock analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a $18.00 price target on the insurance provider’s stock.
Piper Sandler’s target price points to a potential upside of 5.14% from the stock’s previous close. Several other analysts have also recently commented on the company.
JMP Securities decreased their target price on ProAssurance from $22.00 to $20.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 17th.
Truist Financial decreased their price objective on shares of ProAssurance from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th.
Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.
Get Our Latest Stock Analysis on ProAssurance ProAssurance Stock Down 1.1 % Institutional Investors Weigh In On ProAssurance Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in ProAssurance by 1.
4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,311,435 shares of the insurance provider’s stock worth $19,724,000 after purchasing an additional 18,718 shares during the period. Assenagon Asset Management S.
A. grew its position in shares of ProAssurance by 91.4% during the 3rd quarter.
Assenagon Asset Management S.A. now owns 485,501 shares of the insurance provider’s stock worth $7,302,000 after buying an additional 231,852 shares during the period.
Dana Investment Advisors Inc. raised its stake in shares of ProAssurance by 33.6% during the second quarter.
Dana Investment Advisors Inc. now owns 434,850 shares of the insurance provider’s stock worth $5,314,000 after buying an additional 109,253 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in ProAssurance by 2.
1% in the second quarter. Bank of New York Mellon Corp now owns 417,150 shares of the insurance provider’s stock valued at $5,098,000 after buying an additional 8,549 shares during the period. Finally, American Century Companies Inc.
boosted its stake in ProAssurance by 4.7% in the second quarter. American Century Companies Inc.
now owns 305,698 shares of the insurance provider’s stock valued at $3,736,000 after acquiring an additional 13,650 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.
ProAssurance Company Profile ( Get Free Report ) 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.
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