Hudson Bay Capital Management LP Raises Stock Position in ProAssurance Corporation $PRA

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Hudson Bay Capital Management LP significantly increased its stake in ProAssurance Corporation (NYSE:PRA) by 1,050.0% in the third quarter, acquiring an additional 525,000 shares to own 575,000 shares worth $13.79 million. Other hedge funds, including Qube Research & Technologies Ltd, Hsbc Holdings PLC, Alliancebernstein L.P., Man Group plc, and Magnetar Financial LLC, also modified their holdings, with institutional investors owning 85.58% of the company’s stock. ProAssurance recently reported strong earnings, exceeding consensus estimates, and analysts currently have a “Hold” rating on the stock with a consensus target price of $25.00.

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