Thursday, January 11, 2018 10:15 PM ET
Significant Insider Selling Reported in Shares of ProAssurance (PRA)
There was a substantial sale of shares of ProAssurance by an insider today, as indicated in a form 4 document filed with the SEC. One insider — William Stancil Starnes, Director and Officer — disposed of 23,669 shares in the company having a market value of approximately $1,301,795. This is the first insider buy/sell trade in the past 90 days.
This number of buy-sell trades at ProAssurance is near average for the 59 member peer company. The Property & Casualty Insurance peer group saw 75 buy/sell trades during this period for an average of 1.3 transactions per company. However, trading at ProAssurance represents a lower number of shares per transaction. Within the peer group there were 94,159 shares purchased and 11,385,612 shares sold with company insiders having sold 150,553 shares on average over this time period.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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