Massmutual Trust Co. FSB ADV Invests $42,000 in ProAssurance Co. (PRA) Stock

Massmutual Trust Co. FSB ADV bought a new position in shares of ProAssurance Co. (NYSE:PRA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,043 shares of the insurance provider’s stock, valued at approximately $42,000.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of ProAssurance by 2.4% in the third quarter. BlackRock Inc. now owns 7,644,426 shares of the insurance provider’s stock valued at $358,906,000 after acquiring an additional 182,491 shares in the last quarter. Vanguard Group Inc. grew its stake in ProAssurance by 5.6% in the third quarter. Vanguard Group Inc. now owns 5,642,913 shares of the insurance provider’s stock valued at $264,934,000 after purchasing an additional 300,330 shares during the last quarter. Vanguard Group Inc grew its stake in ProAssurance by 5.6% in the third quarter. Vanguard Group Inc now owns 5,642,913 shares of the insurance provider’s stock valued at $264,934,000 after purchasing an additional 300,330 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in ProAssurance by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,167,475 shares of the insurance provider’s stock valued at $101,762,000 after purchasing an additional 137,879 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in ProAssurance by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,862,071 shares of the insurance provider’s stock valued at $75,526,000 after purchasing an additional 6,638 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

Shares of PRA stock opened at $35.11 on Tuesday. ProAssurance Co. has a fifty-two week low of $34.51 and a fifty-two week high of $49.47. The stock has a market cap of $1.86 billion, a PE ratio of 23.72 and a beta of 0.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.39 and a current ratio of 0.39.

ProAssurance (NYSE:PRA) last issued its quarterly earnings results on Thursday, February 21st. The insurance provider reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. ProAssurance had a return on equity of 5.09% and a net margin of 5.31%. The business had revenue of $228.92 million for the quarter, compared to analyst estimates of $230.73 million. Sell-side analysts predict that ProAssurance Co. will post 1.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, March 29th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Thursday, March 28th. ProAssurance’s dividend payout ratio (DPR) is 83.78%.

PRA has been the topic of several analyst reports. Zacks Investment Research upgraded ProAssurance from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. SunTrust Banks cut their target price on ProAssurance to $45.00 and set a “hold” rating on the stock in a research note on Friday, December 14th. They noted that the move was a valuation call. Boenning Scattergood reiterated a “hold” rating on shares of ProAssurance in a research note on Tuesday, February 26th. Finally, ValuEngine lowered ProAssurance from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. ProAssurance currently has a consensus rating of “Hold” and a consensus target price of $49.40.

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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, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments.

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Institutional Ownership by Quarter for ProAssurance (NYSE:PRA)

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