Frei Maye Head Sells Shares of ProAssurance Corporation

Frei Maye Head sold 31,298 shares of ProAssurance Corporation (NYSE:PRA) on June 26. The shares were sold at an average price of $25.00 each, bringing the total transaction value to $782,450. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at ProAssurance Corporation

Several insiders at ProAssurance Corporation also made transactions on June 26. Bruce Angiolillo sold 35,652 shares, while Jeffrey Patton Lisenby, the Executive Vice-President, sold 43,184 shares. The President & CEO, Edward Lewis Rand Jr., sold 172,908 shares. Noreen Dishart, Executive VP/Chief HR Officer, sold 27,868 shares at a price of $24.47. Scott Syphax sold 25,184 shares, and Dana Hendricks, the Chief Financial Officer, sold 45,392 shares.

Other Institutional Activity in ProAssurance Corporation

Vanguard Portfolio Management LLC opened a new position in ProAssurance, acquiring 2,781,007 shares worth about $68.7 million. Similarly, Vanguard Capital Management LLC initiated a stake with 2,240,875 shares valued at $55.4 million. On the other hand, BlackRock, Inc. reduced its holdings by 9,395 shares, maintaining 7,278,352 shares worth approximately $179.9 million. Magnetar Financial LLC cut its position by 238,128 shares, holding 3,246,435 shares valued at $80.3 million. AllianceBernstein L.P. increased its holdings by 124,102 shares to a total of 2,034,155 shares, valued at $49.1 million.

ProAssurance Corporation Stock Holds Steady

Shares of ProAssurance Corporation (NYSE:PRA) traded near $25.00 on Saturday. The company has a market cap of $1.29 billion, with a P/E ratio of 19.8 and a forward P/E of 20.0. Its beta is a low 0.038, indicating minimal volatility compared to the market. 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. ProAssurance has a current ratio of 2.06 and a quick ratio of 1.23, along with a debt-to-equity ratio of 32.36.

Recent Earnings

ProAssurance reported revenue of $1.09 billion, though this reflects a slight decline with a revenue growth rate of -4.9%. The company's net margin stands at 5.95%, and it has a return on equity of 5.1%. The next earnings release 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 $25.00. The consensus among analysts is a hold rating, with an average target price of $25.00 based on two analyst opinions.

About ProAssurance Corporation

ProAssurance Corporation, based in Birmingham, Alabama, offers property and casualty insurance and reinsurance products across the United States. The company operates through several segments, including Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance. It provides professional liability insurance to healthcare providers and attorneys, along with medical technology liability insurance. ProAssurance also offers workers' compensation insurance and alternative risk solutions. The company was founded in 1976 and is led by CEO Edward Lewis Rand Jr.

Bottom Line

Frei Maye Head's sale of ProAssurance shares highlights insider activity within the company. Investors often track such transactions for potential insights into the company's future. However, it's important to remember that these filings reflect past actions and may not indicate current insider sentiment or future performance.