Wednesday, January 17, 2018 10:15 PM ET
Insider Sale at ProAssurance (PRA) Continues Selling Trend
One ProAssurance insider — William Stancil Starnes, Director and Officer — today, sold 100,435 shares having a market value of approximately $5,539,802, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 49,565 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 150,000 shares and have averaged 75,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at ProAssurance is higher than its 59-company peer group average. The Property & Casualty Insurance peer group saw 76 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 11,430,141 shares sold with company insiders selling 148,947 shares on average over this time period.
Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.
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