The stock of ProAssurance Corporation (NYSE:PRA) reached all time high today, Nov, 22 and still has $57.67 target or 4.00% above today’s $55.45 share price. This indicates more upside for the $2.95 billion company. This technical setup was reported by Barchart.com. If the $57.67 PT is reached, the company will be worth $118.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 77,063 shares traded hands. ProAssurance Corporation (NYSE:PRA) has risen 11.54% since April 20, 2016 and is uptrending. It has outperformed by 6.99% the S&P500.
ProAssurance Corporation (NYSE:PRA) Ratings Coverage
Out of 2 analysts covering ProAssurance (NYSE:PRA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. ProAssurance has been the topic of 2 analyst reports since January 21, 2016 according to StockzIntelligence Inc. The company was upgraded on Thursday, January 21 by SunTrust. On Thursday, January 21 the stock rating was upgraded by Suntrust Robinson to “Buy”.
According to Zacks Investment Research, “Pro Assurance is a leader in developing solutions which serve the liability needs of the evolving needs of the health care industry. ProAssurance is the nation’s fourth largest writer of medical professional liability insurance and one of the 100 largest writers of personal auto coverage.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.07, from 1.03 in 2016Q1. The ratio turned negative, as 17 funds sold all ProAssurance Corporation shares owned while 73 reduced positions. 20 funds bought stakes while 73 increased positions. They now own 42.59 million shares or 1.27% more from 42.05 million shares in 2016Q1.
Contravisory Mngmt holds 0.05% or 3,131 shares in its portfolio. Louisiana State Employees Retirement System owns 23,600 shares or 0.07% of their US portfolio. Dean Invest Assoc Llc last reported 0.59% of its portfolio in the stock. Moreover, Invesco Limited has 0.01% invested in ProAssurance Corporation (NYSE:PRA) for 278,656 shares. Cim Mangement reported 8,119 shares or 0.18% of all its holdings. Moreover, Bnp Paribas Invest Prns Sa has 0% invested in ProAssurance Corporation (NYSE:PRA) for 10,098 shares. The Ontario – Canada-based Bank Of Montreal Can has invested 0.02% in ProAssurance Corporation (NYSE:PRA). Finemark Financial Bank Tru, a Florida-based fund reported 200 shares. Ubs Asset Mgmt Americas last reported 52,321 shares in the company. North Star Asset Mngmt Inc holds 0.03% or 4,870 shares in its portfolio. Moreover, Bank & Trust Of America De has 0% invested in ProAssurance Corporation (NYSE:PRA) for 272,318 shares. Bessemer has invested 0.02% of its portfolio in ProAssurance Corporation (NYSE:PRA). The Connecticut-based Thomson Horstmann And Bryant has invested 0.07% in ProAssurance Corporation (NYSE:PRA). Brandywine Glob Investment Mgmt Lc reported 159,184 shares or 0.06% of all its holdings. Td Asset Mngmt Incorporated accumulated 53,700 shares or 0.01% of the stock.
More news for ProAssurance Corporation (NYSE:PRA) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 27, 2009. Prnewswire.com‘s article titled: “ProAssurance Announces Life Sciences Leadership Changes” and published on February 11, 2016 is yet another important article.
PRA Company Profile
ProAssurance Corporation (ProAssurance), incorporated on October 20, 2006, is a holding firm for property and casualty insurance companies. The Firm 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. The Firm operates in four divisions: Specialty property and casualty, which includes the Company’s professional liability business, and medical technology and life sciences business; Workers’ compensation, which includes its workers’ compensation business, which it provides for employers, groups and associations; Lloyd’s syndicate, which includes operating results from its participation in Lloyd’s Syndicate 1729, and Corporate, includes the Company’s investing activities managed at the corporate level, non-premium revenues generated outside of its insurance entities, and corporate expenses, including interest and the United States income taxes. In addition, the Company is also a well-known provider for Lloyd’s of London Syndicate 1729, which writes a range of property and casualty insurance and reinsurance lines.
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