Kinsight Lowers stake in ProAssurance Corporation (PRA)

ProAssurance Corporation (PRA) : Kinsight reduced its stake in ProAssurance Corporation by 22.32% during the most recent quarter end. The investment management company now holds a total of 10,302 shares of ProAssurance Corporation which is valued at $502,635 after selling 2,960 shares in ProAssurance Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.ProAssurance Corporation makes up approximately 0.29% of Kinsight’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in PRA in the latest quarter, The investment management firm added 14,820 additional shares and now holds a total of 203,000 shares of ProAssurance Corporation which is valued at $9.9 Million. ProAssurance Corporation makes up approx 0.04% of United Services Automobile Association’s portfolio.Tiaa Cref Investment Management reduced its stake in PRA by selling 5,603 shares or 3.38% in the most recent quarter. The Hedge Fund company now holds 159,963 shares of PRA which is valued at $7.8 Million. ProAssurance Corporation makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Russell Frank Co boosted its stake in PRA in the latest quarter, The investment management firm added 5,650 additional shares and now holds a total of 172,287 shares of ProAssurance Corporation which is valued at $8.2 Million. ProAssurance Corporation makes up approx 0.01% of Russell Frank Co’s portfolio. Quadrant Capital Group added PRA to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $1,098.

ProAssurance Corporation opened for trading at $49.6 and hit $50.47 on the upside on Friday, eventually ending the session at $50.45, with a gain of 1.92% or 0.95 points. The heightened volatility saw the trading volume jump to 2,28,803 shares. Company has a market cap of $2,684 M.

On the company’s financial health, ProAssurance Corporation reported $0.46 EPS for the quarter, based on the information available during the earnings call on May 9, 2016. Analyst had a consensus estimate of $0.46. The company had revenue of $193.40 million for the quarter, compared to analysts expectations of $203.37 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company 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 Company operates in four segments: 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 provide 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 operations managed at the corporate level non-premium revenues generated outside of insurance entities and corporate expenses including interest and United States income taxes.

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