ProAssurance Corporation (PRA) : Mesirow Financial Investment Management – Equity Management added new position in ProAssurance Corporation during the most recent quarter end. The investment management firm now holds 470,630 shares of ProAssurance Corporation which is valued at $25,809,349 , the company said in a statement filed on Aug 8, 2016 with the SEC.ProAssurance Corporation makes up approximately 1.47% of Mesirow Financial Investment Management – Equity Management’s portfolio.
Other Hedge Funds, Including , Td Asset Management Inc reduced its stake in PRA by selling 21,100 shares or 28.21% in the most recent quarter. The Hedge Fund company now holds 53,700 shares of PRA which is valued at $2,885,301. ProAssurance Corporation makes up approx 0.01% of Td Asset Management Inc’s portfolio. Simplex Trading sold out all of its stake in PRA during the most recent quarter. The investment firm sold 316 shares of PRA which is valued $16,353.
ProAssurance Corporation closed down -0.06 points or -0.11% at $54.71 with 1,62,834 shares getting traded on Monday. Post opening the session at $55.12, the shares hit an intraday low of $54.66 and an intraday high of $55.12 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Companys 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 Companys 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.