Monarch Partners Asset Management buys $20,696,548 stake in ProAssurance Corporation (PRA)

ProAssurance Corporation (PRA) : Monarch Partners Asset Management scooped up 19,020 additional shares in ProAssurance Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 426,909 shares of ProAssurance Corporation which is valued at $20,696,548.ProAssurance Corporation makes up approximately 2.12% of Monarch Partners Asset Management’s portfolio.

ProAssurance Corporation opened for trading at $47.9 and hit $48.53 on the upside on Friday, eventually ending the session at $48.48, with a gain of 0.64% or 0.31 points. The heightened volatility saw the trading volume jump to 2,21,892 shares. Company has a market cap of $2,573 M.

Other Hedge Funds, Including , Cadence Capital Management reduced its stake in PRA by selling 504 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 8,073 shares of PRA which is valued at $391,379. ProAssurance Corporation makes up approx 0.03% of Cadence Capital Management’s portfolio. Id Management As sold out all of its stake in PRA during the most recent quarter. The investment firm sold 3,000 shares of PRA which is valued $143,190.Metlife Securities Inc reduced its stake in PRA by selling 2 shares or 9.09% in the most recent quarter. The Hedge Fund company now holds 20 shares of PRA which is valued at $961.

On the company’s financial health, ProAssurance Corporation reported $0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $0.75. The company had revenue of $185.90 million for the quarter, compared to analysts expectations of $210.05 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 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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