Handelsbanken Fonder AB Sells 2400 Shares of ProAssurance Corporation
January 29, 2023
Trending News ☀️
PROASSURANCE ($NYSE:PRA): ProAssurance Corporation is a financial services provider that specializes in the specialty property and casualty insurance market. It provides risk management services, insurance products, and reinsurance services to healthcare professionals, medical professionals, and other professionals who face unique exposures in the course of their operations. The company has recently had 2400 of its shares sold by Handelsbanken Fonder AB. Handelsbanken Fonder AB is an independent asset management company based in Stockholm, Sweden. It is a subsidiary of Svenska Handelsbanken AB, one of the largest banks in Sweden. The company provides a range of asset management services, including mutual funds, portfolio management, wealth management, and advisory services.
It is unclear why the Swedish asset manager has decided to reduce its exposure to ProAssurance Corporation, but it may be due to the company’s current unfavorable stock performance. The stock has been underperforming the broader market for some time now and has recently seen a sharp decline in its share price. Investors should be aware of Handelsbanken Fonder AB’s recent sale of ProAssurance Corporation shares before making any decisions about their own investments in the company. Despite the recent stock performance, ProAssurance Corporation remains a leader in the specialty property and casualty insurance space and has been able to generate consistent revenue growth over time. Therefore, it may still be a viable investment opportunity for those looking to diversify their portfolios.
Price History
On Tuesday, Handelsbanken Fonder AB sold 2400 shares of ProAssurance Corporation, with the stock opening at $19.0 and closing at $18.8 – down 0.6% from its prior closing price of 18.9. The news of the sale has generated a lot of interest in ProAssurance Corporation, with the current media coverage being mostly positive. The company is an insurance provider, providing property and casualty insurance products to businesses and individuals. It also offers other specialty insurance products such as surety bonds and medical professional liability.
The sale of 2400 shares by Handelsbanken Fonder AB does not seem to have had a significant impact on ProAssurance Corporation’s share price so far. The company’s growth prospects remain positive and it is well-positioned to capitalize on opportunities in the future. Overall, ProAssurance Corporation appears to be a solid investment option for the long term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Proassurance Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.1k | 17.8 | 1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Proassurance Corporation. More…
| Operations | Investing | Financing |
| 11.28 | -151.74 | -21.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Proassurance Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.78k | 4.72k | 19.75 |
Key Ratios Snapshot
Some of the financial key ratios for Proassurance Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.5% | – | 3.4% |
| FCF Margin | ROE | ROA |
| 0.6% | 2.1% | 0.4% |
VI Analysis
Company fundamentals are an important indicator of a company’s long-term potential. VI app provides investors with a simple way to analyze the fundamentals of PROASSURANCE CORPORATION. According to the VI Star Chart, PROASSURANCE CORPORATION is classified as a ‘rhino’ company, meaning it has achieved moderate revenue or earnings growth. Investors interested in such a company may be looking for steady returns and a reliable dividend. PROASSURANCE CORPORATION is strong in dividend, medium in asset and weak in growth, profitability. The company’s intermediate health score of 6/10 indicates that it may be able to pay off its debt and fund future operations. Furthermore, its moderate revenue or earnings growth suggest that it may be able to sustain a steady stream of returns over the long term. Overall, PROASSURANCE CORPORATION has the potential to provide investors with steady returns and reliable dividend income. Its intermediate health score and moderate growth indicate that it may be able to sustain its long-term performance. As such, investors interested in such a company should look into PROASSURANCE CORPORATION as a viable option. More…
VI Peers
It offers professional liability, surety, products liability, and other lines of insurance services. Its competitors include Kinsale Capital Group Inc, Horace Mann Educators Corp, and Meritz Fire & Marine Insurance Co Ltd, all of which are also engaged in the property and casualty insurance sector.
– Kinsale Capital Group Inc ($NYSE:KNSL)
Kinsale Capital Group Inc is a specialty insurance and reinsurance provider that operates in both the U.S. and Bermuda markets. As of 2022, the company had a market capitalization of 6.48 billion dollars, reflecting its size and value in the industry. Kinsale Capital Group Inc’s Return on Equity (ROE) of 17.1% is also favorable, indicating that the company is managing its resources efficiently and returning a good amount of value to its shareholders. In addition, Kinsale Capital Group Inc is actively engaged in risk management and provides innovative solutions tailored to its clients’ needs.
– Horace Mann Educators Corp ($NYSE:HMN)
Horace Mann Educators Corporation is a publicly traded insurance company that specializes in providing a range of insurance and financial products to teachers and educators. The company has a market capitalization of 1.55 billion as of 2022, indicating that it is one of the larger companies in the insurance sector. In addition, the company has a Return on Equity of 4.11%, which is lower than the industry average of 7.19%, but still indicates that the company is making money. This suggests that the company is successfully managing its assets and investments and is fairly successful in terms of returns on investments.
– Meritz Fire & Marine Insurance Co Ltd ($KOSE:000060)
Meritz Fire & Marine Insurance Co Ltd is a leading provider of property and casualty insurance in South Korea. As of 2022, the company has a market capitalization of 5T and a Return on Equity of 23.55%. Meritz Fire & Marine Insurance provides comprehensive insurance solutions to individuals, businesses, and governmental agencies. The company offers a wide range of products including personal and commercial property insurance, fire insurance, marine insurance, and other liability insurance coverage. Meritz Fire & Marine Insurance’s strong market capitalization and high Return on Equity provides investors with confidence in the company’s ability to generate returns.
Summary
ProAssurance Corporation is a publicly traded company in the insurance industry with a focus on specialty lines of business. Investors should analyze the company’s fundamentals before making any investment decisions. They should consider the company’s financial position, growth prospects, competitive advantages, and risk factors. They should also review the current market environment to get an idea of the company’s valuation and potential upside.
Additionally, they should monitor news coverage and analyst opinion to gauge the company’s outlook. Ultimately, investors should make their own informed decisions when investing in ProAssurance Corporation.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
