PRA Executive Sells Significant Stake

Lisenby Jeffrey Patton, the Executive Vice-President of PRA, made a notable move by selling 98,066 shares of the company on June 26, 2026. The shares were sold at an average price of $25 each, resulting in a total transaction value of approximately $2.45 million. This transaction was not part of a pre-planned trading program.

Other Institutional Activity in PRA

Several institutional investors have recently adjusted their holdings in PRA. BlackRock, Inc. reduced its stake slightly by 9,395 shares, bringing its total to about 7.28 million shares valued at roughly $179.9 million. Magnetar Financial LLC also decreased its position, selling 238,128 shares to hold approximately 3.25 million shares worth about $80.3 million, marking a 6.8% decrease. On the other hand, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, holding 2.78 million and 2.24 million shares valued at $68.7 million and $55.4 million, respectively. AllianceBernstein L.P. increased its stake by 124,102 shares, ending with about 2.03 million shares valued at $49.1 million, a 6.5% increase. State Street Corp added 40,078 shares, totaling approximately 1.90 million shares worth $47 million, representing a 2.2% increase.

ProAssurance Corporation Stock Holds Steady

On Friday, shares of PRA traded near $25. The company has seen various institutional investors adjusting their stakes, reflecting diverse strategies in the market. While the stock price remains stable, the movements by major funds suggest ongoing interest and evaluation of PRA's market position.

Insider Buying and Selling at ProAssurance Corporation

In addition to Lisenby Jeffrey Patton's sale, other insiders also made transactions on June 26, 2026. Bruce Angiolillo sold 35,652 shares at $25 each, while Edward Lewis Rand Jr., the President & CEO, sold 172,908 shares. Noreen Dishart, the Executive VP/Chief HR Officer, sold 27,868 shares at $24.47 each. Scott Syphax sold 25,184 shares at $25, and Dana Hendricks, the Chief Financial Officer, sold 45,392 shares at $25. None of these transactions were part of pre-planned sales.

Analysts Set New Price Targets

Analysts have maintained their ratings on PRA with Piper Sandler holding a 'hold' rating and setting a $25 price target on May 8, 2025. Other firms like Citizens Capital Markets reiterated a 'buy' rating with a $20 target on February 25, 2025. The consensus among analysts reflects a mixed outlook, with a recommendation leaning towards a 'hold' and an average target price around $20.

Bottom Line

The recent insider sales at PRA, including those by Lisenby Jeffrey Patton, are noteworthy for investors keeping an eye on executive activity. Institutional investors have shown varied interest, with some reducing and others initiating new positions. Analyst ratings suggest a cautious approach, with several maintaining 'hold' ratings. These insights provide a snapshot of the current sentiment around PRA, although they reflect past actions and may not indicate future performance.