Hotchkis & Wiley Capital Management LLC Has $7.28 Million Holdings in ProAssurance Co. (NYSE:PRA)

Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of ProAssurance Co. (NYSE:PRA) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 484,040 shares of the insurance provider’s stock after purchasing an additional 48,290 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in ProAssurance were worth $7,280,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Deerfield Management Company L.P. Series C lifted its holdings in shares of ProAssurance by 199.4% during the second quarter. Deerfield Management Company L.P. Series C now owns 80,425 shares of the insurance provider’s stock worth $983,000 after purchasing an additional 53,560 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of ProAssurance by 1.4% during 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. lifted its holdings in shares of ProAssurance by 2.4% during the second quarter. Assenagon Asset Management S.A. now owns 253,649 shares of the insurance provider’s stock worth $3,100,000 after purchasing an additional 6,062 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of ProAssurance by 6.1% during the second quarter. Public Sector Pension Investment Board now owns 112,203 shares of the insurance provider’s stock worth $1,371,000 after purchasing an additional 6,437 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of ProAssurance by 25.7% during the second quarter. AQR Capital Management LLC now owns 243,834 shares of the insurance provider’s stock worth $2,980,000 after purchasing an additional 49,851 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

ProAssurance Trading Up 1.3 %

PRA opened at $16.74 on Thursday. ProAssurance Co. has a 1-year low of $10.76 and a 1-year high of $17.79. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.35. The company has a market cap of $856.42 million, a P/E ratio of 20.17 and a beta of 0.28. The company has a fifty day moving average price of $15.72 and a two-hundred day moving average price of $13.90.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PRA. StockNews.com lowered shares of ProAssurance from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Truist Financial boosted their target price on shares of ProAssurance from $14.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Finally, Piper Sandler lowered shares of ProAssurance from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.67.

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.