Kinsight buys $572,779 stake in ProAssurance Corporation (PRA)

ProAssurance Corporation (PRA) : Kinsight scooped up 200 additional shares in ProAssurance Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 10,502 shares of ProAssurance Corporation which is valued at $572,779.ProAssurance Corporation makes up approximately 0.30% of Kinsight’s portfolio.

Other Hedge Funds, Including , Aull Monroe Investment Management Corp reduced its stake in PRA by selling 560 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 20,185 shares of PRA which is valued at $1,100,890. ProAssurance Corporation makes up approx 0.62% of Aull Monroe Investment Management Corp’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PRA by selling 2,820 shares or 18.28% in the most recent quarter. The Hedge Fund company now holds 12,607 shares of PRA which is valued at $651,278. ProAssurance Corporation makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Cambiar Investors reduced its stake in PRA by selling 53,746 shares or 8.56% in the most recent quarter. The Hedge Fund company now holds 573,934 shares of PRA which is valued at $29,924,919. ProAssurance Corporation makes up approx 0.41% of Cambiar Investors’s portfolio.Louisiana State Employees Retirement System boosted its stake in PRA in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 23,600 shares of ProAssurance Corporation which is valued at $1,230,504. ProAssurance Corporation makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio. Quadrant Capital Management added PRA to its portfolio by purchasing 3,780 company shares during the most recent quarter which is valued at $197,429. ProAssurance Corporation makes up approx 0.16% of Quadrant Capital Management’s portfolio.

ProAssurance Corporation closed down -0.3 points or -0.55% at $53.81 with 1,52,322 shares getting traded on Wednesday. Post opening the session at $54.09, the shares hit an intraday low of $53.79 and an intraday high of $54.328 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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