Advisors Preferred buys $406,229 stake in ProAssurance Corporation (PRA)

ProAssurance Corporation (PRA) : Advisors Preferred scooped up 2,401 additional shares in ProAssurance Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 7,417 shares of ProAssurance Corporation which is valued at $406,229.ProAssurance Corporation makes up approximately 0.24% of Advisors Preferred’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in PRA by selling 96,432 shares or 64.83% in the most recent quarter. The Hedge Fund company now holds 52,321 shares of PRA which is valued at $2,869,284. Advisory Services Network added PRA to its portfolio by purchasing 67 company shares during the most recent quarter which is valued at $3,493.New York State Teachers Retirement System reduced its stake in PRA by selling 100 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 138,242 shares of PRA which is valued at $7,220,380. ProAssurance Corporation makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.Ibm Retirement Fund reduced its stake in PRA by selling 235 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 5,305 shares of PRA which is valued at $277,080. ProAssurance Corporation makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

ProAssurance Corporation closed down -0.36 points or -0.66% at $53.83 with 1,31,840 shares getting traded on Tuesday. Post opening the session at $54.2, the shares hit an intraday low of $53.67 and an intraday high of $54.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, ProAssurance Corporation reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.54. The company had revenue of $214.80 million for the quarter, compared to analysts expectations of $207.00 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 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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