Kevin Shook Sells $1.33 Million in ProAssurance Shares
ProAssurance insider Kevin Shook sold 53,237 shares, totaling $1.33 million, on June 26.
Key Points
- Kevin Shook, President of a Subsidiary at ProAssurance, sold 53,237 shares for $1.33 million on June 26.
- Shares of ProAssurance traded near $25.00 on Saturday, with a market cap of approximately $1.29 billion.
- Analysts maintain a hold rating on ProAssurance, with a mean price target of $25.00.
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On June 26, 2026, Kevin Shook, President of a Subsidiary at ProAssurance Corporation, sold 53,237 shares of the company. This insider transaction was valued at approximately $1.33 million, with shares sold at an average price of $25.00 each. The transaction was not part of a pre-arranged trading plan.
Other Institutional Activity in ProAssurance
Several institutional investors have also made moves regarding their stakes in ProAssurance. BlackRock, Inc. trimmed its holdings by 9,395 shares, leaving it with 7,278,352 shares valued at roughly $179.9 million, a slight decrease of 0.1%. Magnetar Financial LLC reduced its position by 238,128 shares, ending with 3,246,435 shares worth about $80.3 million, reflecting a 6.8% decrease. On the other hand, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with 2,781,007 and 2,240,875 shares valued at approximately $68.7 million and $55.4 million, respectively. AllianceBernstein L.P. increased its holdings by 124,102 shares to 2,034,155 shares, valued at $49.1 million, marking a 6.5% increase.
ProAssurance Corporation Stock Holds Steady
Shares of NYSE:PRA traded near $25.00 on Saturday. ProAssurance Corporation, with a market capitalization of about $1.29 billion, has a P/E ratio of 19.8 and a forward P/E of 20.0. 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 2.06 and a quick ratio of 1.23, while its debt-to-equity stands at 32.36.
$PRA stock price
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Insider Buying and Selling at ProAssurance Corporation
In addition to Kevin Shook, several other insiders at ProAssurance were active on June 26. Bruce Angiolillo sold 35,652 shares, while Jeffrey Patton Lisenby, Executive Vice-President, sold 43,184 shares. Edward Lewis Rand Jr., President & CEO, also parted with 172,908 shares. Noreen Dishart, Executive VP/Chief HR Officer, sold 27,868 shares at an average price of $24.47, and Scott Syphax sold 25,184 shares. Dana Hendricks, Chief Financial Officer, sold 45,392 shares, all at $25.00 per share.
Analysts Set New Price Targets
On May 8, 2025, Piper Sandler maintained its hold rating for ProAssurance with a price target of $25.00. Citizens Capital Markets reiterated a buy rating with a target of $20.00 on February 25, 2025. Overall, the consensus among analysts is a hold rating, with a mean price target of $25.00, based on two analyst opinions.
About ProAssurance Corporation
ProAssurance Corporation, based in Birmingham, Alabama, offers a range of insurance products in the United States. It operates through segments such as Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance. The company provides liability insurance to healthcare providers, attorneys, and medical technology companies, among others. Founded in 1976, ProAssurance employs approximately 972 people and is led by CEO Edward Lewis Rand Jr.
Bottom Line
Kevin Shook's recent sale of ProAssurance shares highlights insider activity within the company. ProAssurance, with a stable financial position and a broad range of insurance offerings, remains a company to watch. Investors should keep in mind that 13F filings and insider transactions are backward-looking and may not reflect current positions or intentions.
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