Francis Robert David Sells Shares of ProAssurance Corporation
ProAssurance's Pres Healthcare Pro. Liability sold 31,196 shares for $779,900.
Key Points
- Francis Robert David, ProAssurance's Pres Healthcare Pro. Liability, sold 31,196 shares for $779,900 on June 26, 2026.
- ProAssurance Corporation, with a market cap of $1.29 billion, has a P/E ratio of 19.8 and a 52-week high of $25.02.
- Piper Sandler maintained a hold rating with a $25 target, while Citizens Capital Markets reiterated a buy with a $20 target.
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On June 26, 2026, Francis Robert David, President of Healthcare Professional Liability at ProAssurance Corporation, sold 31,196 shares of the company. The shares were sold at an average price of $25.00 each, totaling $779,900. This transaction was not part of a prearranged trading plan.
Insider Buying and Selling at ProAssurance Corporation
The sale by Francis Robert David is part of a series of insider transactions at ProAssurance Corporation. On the same day, several insiders sold shares, including Bruce Angiolillo, Jeffrey Patton Lisenby, Edward Lewis Rand Jr., Noreen Dishart, Scott Syphax, and Dana Hendricks. These sales were also not planned under Rule 10b5-1.
Other Institutional Activity in ProAssurance Corporation
Among institutional investors, BlackRock, Inc. reduced its holdings by 9,395 shares, maintaining 7,278,352 shares valued at approximately $179.9 million. Magnetar Financial LLC also cut its position by 238,128 shares, holding 3,246,435 shares worth about $80.3 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with 2,781,007 shares valued at $68.7 million and 2,240,875 shares worth $55.4 million, respectively. AllianceBernstein L.P. increased its stake by 124,102 shares to a total of 2,034,155 shares, valued at $49.1 million. Meanwhile, State Street Corp grew its holdings by 40,078 shares, ending with 1,901,188 shares valued at $47.0 million.
ProAssurance Corporation Stock Holds Steady
Shares of NYSE:PRA traded near $25.00 on Saturday. ProAssurance Corporation, with a market cap of $1.29 billion, has a price-to-earnings ratio of 19.8 and a beta of 0.038, indicating low volatility. The stock's 52-week range is between $22.79 and $25.02, with a 50-day moving average of $24.60 and a 200-day moving average of $24.30. The company maintains a current ratio of 2.064 and a quick ratio of 1.231, with a debt-to-equity ratio of 32.364.
$PRA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
ProAssurance Corporation reported revenue of $1.10 billion, with a slight revenue decline of 4.9% year-over-year. The company achieved an EPS of $1.26, a net margin of 5.95%, and a return on equity of 5.07%. The next earnings report is scheduled for August 4, 2026.
Analysts Set New Price Targets
On May 8, 2025, Piper Sandler maintained a hold rating on ProAssurance with a price target of $25. Citizens Capital Markets reiterated a buy rating with a $20 target on February 25, 2025. The consensus among analysts is a hold recommendation, with an average price target of $25.00 based on two analyst opinions.
About ProAssurance Corporation
ProAssurance Corporation provides property and casualty insurance and reinsurance across the United States. The company operates through segments like Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance. ProAssurance offers professional liability insurance to healthcare providers, attorneys, and firms, alongside alternative risk solutions. Founded in 1976, the company is headquartered in Birmingham, Alabama, and employs 972 people. The CEO is Mr. Edward Lewis Rand Jr., CPA.
Bottom Line
Francis Robert David's recent sale of ProAssurance shares highlights ongoing insider activity within the company. Investors keep a close watch on these transactions as they can indicate insiders' confidence in the company's future. ProAssurance continues to operate steadily in the insurance industry, with institutional investors making adjustments to their holdings. As always, remember that insider transactions are reported after the fact and may not reflect current positions.
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