Friday, January 12, 2018 10:15 PM ET
Significant Insider Selling in Shares of ProAssurance (PRA) Continues
A filing with the SEC today revealed a substantial insider sale of ProAssurance shares as — William Stancil Starnes, Director and Officer — disposed of 25,896 shares in the company having a market value of approximately $1,424,539. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 23,669 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 49,565 shares and have averaged 24,783 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at ProAssurance is above its 59-company peer group average. The Property & Casualty Insurance peer group saw 77 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by ProAssurance insiders is lower than its peers. Within the peer group there were 110,159 shares purchased and 11,409,281 shares sold with company insiders having sold 146,742 shares on average over this time period.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced to evaluate and write this story.
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