Teacher Retirement System Of Texas Has Trimmed Holding in Proassurance (PRA) by $303,504 as Stock Value Declined; First Long Island Investors Has Lifted Starbucks Com (SBUX) Stake by $1.05 Million

June 14, 2018 - By Stephen Andrade

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Teacher Retirement System Of Texas decreased its stake in Proassurance Corp (PRA) by 34.82% based on its latest 2018Q1 regulatory filing with the SEC. Teacher Retirement System Of Texas sold 6,323 shares as the company’s stock declined 18.06% with the market. The institutional investor held 11,835 shares of the property-casualty insurers company at the end of 2018Q1, valued at $575,000, down from 18,158 at the end of the previous reported quarter. Teacher Retirement System Of Texas who had been investing in Proassurance Corp for a number of months, seems to be less bullish one the $2.06B market cap company. The stock decreased 1.28% or $0.5 during the last trading session, reaching $38.5. About 649,599 shares traded or 106.16% up from the average. ProAssurance Corporation (NYSE:PRA) has declined 26.87% since June 14, 2017 and is downtrending. It has underperformed by 39.44% the S&P500. Some Historical PRA News: 03/05/2018 – PROASSURANCE 1Q OPER EPS 40C, EST. 44C; 03/05/2018 – PROASSURANCE CORP QTRLY NON-GAAP OPERATING INCOME PER DILUTED SHARE $0.40; 03/05/2018 – ProAssurance 1Q Rev $201M; 13/03/2018 – ProAssurance Announces Presentation to Investors at the CFA Society of New York’s Insurance Conference; 29/03/2018 – Triad Advisors Facilitates Recruitment Of Veteran Financial Advisor Chris Kohne To Sugarloaf Wealth Management; 03/05/2018 – PROASSURANCE CORP QTRLY TOTAL REVENUES $201 MLN, DOWN 9.9 PCT; 23/05/2018 – ProAssurance Announces Results from 2018 Annual Meeting of Shareholders; 03/05/2018 – PROASSURANCE CORP QTRLY NET INCOME PER DILUTED SHARE $0.22; 03/05/2018 – PROASSURANCE CORP QTRLY NET PREMIUMS EARNED $187.2 MLN VS $182.9 MLN; 13/04/2018 – ProAssurance: Board Nominates Kedrick Adkins Jr. for Election to Board

First Long Island Investors Llc increased its stake in Starbucks Corp Com (SBUX) by 4.29% based on its latest 2018Q1 regulatory filing with the SEC. First Long Island Investors Llc bought 18,463 shares as the company’s stock rose 1.31% while stock markets declined. The hedge fund held 448,896 shares of the restaurants company at the end of 2018Q1, valued at $25.99M, up from 430,433 at the end of the previous reported quarter. First Long Island Investors Llc who had been investing in Starbucks Corp Com for a number of months, seems to be bullish on the $77.57 billion market cap company. The stock decreased 0.48% or $0.27 during the last trading session, reaching $56.21. About 6.56M shares traded. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 14, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: 15/05/2018 – Starbucks says aims to triple China revenue by 2022; 07/05/2018 – The $7.15 billion deal with food giant Nestle will help Starbucks return value to its shareholders; 12/03/2018 – Starbucks Enters Licensing Agreement With SouthRock In Brazil; 27/03/2018 – Rep. Davis: Employees at CVS, Best Buy, & Starbucks All Seeing Benefits of Tax Reform; 16/04/2018 – Detailed Research: Economic Perspectives on United States Steel, Zoe’s Kitchen, First Horizon National, Starbucks, Nuance Commu; 28/05/2018 – Civil rights advisers hope Starbucks’ anti-bias training sets example; 30/03/2018 – One year into Starbucks’ top job, CEO Kevin Johnson still has a lot to prove; 17/04/2018 – WFMY News 2: BREAKING | Starbucks to close all stores on May 29 for racial bias education; 26/04/2018 – Philly.com: OPINION: Outside Starbucks, retail trespass arrests are rare in Center City | Stu Bykofsky; 07/05/2018 – Nestle to pay Starbucks $7.15 bln in global coffee alliance

Teacher Retirement System Of Texas, which manages about $14.86B US Long portfolio, upped its stake in Pulte Group Inc (NYSE:PHM) by 772,177 shares to 1.32 million shares, valued at $39.03M in 2018Q1, according to the filing. It also increased its holding in Vereit Inc by 198,404 shares in the quarter, for a total of 2.17 million shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

Among 5 analysts covering ProAssurance (NYSE:PRA), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. ProAssurance had 12 analyst reports since January 21, 2016 according to SRatingsIntel. The rating was maintained by Sandler O’Neill on Thursday, February 22 with “Hold”. As per Wednesday, April 4, the company rating was downgraded by SunTrust. Sandler O’Neill maintained ProAssurance Corporation (NYSE:PRA) rating on Friday, April 6. Sandler O’Neill has “Hold” rating and $5000 target. Keefe Bruyette & Woods maintained ProAssurance Corporation (NYSE:PRA) rating on Monday, December 4. Keefe Bruyette & Woods has “Hold” rating and $61.0 target. SunTrust maintained ProAssurance Corporation (NYSE:PRA) rating on Thursday, February 22. SunTrust has “Buy” rating and $55.0 target. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, February 26. On Thursday, August 17 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Hold” rating given on Tuesday, April 10 by Keefe Bruyette & Woods. The rating was upgraded by Suntrust Robinson on Thursday, January 21 to “Buy”. The firm earned “Buy” rating on Thursday, January 21 by SunTrust.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.10, from 1.08 in 2017Q4. It worsened, as 20 investors sold PRA shares while 70 reduced holdings. 30 funds opened positions while 58 raised stakes. 42.63 million shares or 1.01% more from 42.20 million shares in 2017Q4 were reported. Tudor Et Al invested in 11,976 shares. Profund Advisors Limited Liability Company stated it has 0.02% in ProAssurance Corporation (NYSE:PRA). Moreover, Jacobs Levy Equity Mngmt has 0.09% invested in ProAssurance Corporation (NYSE:PRA) for 106,134 shares. 22 are owned by Massmutual Trust Fsb Adv. Wells Fargo Mn owns 0.02% invested in ProAssurance Corporation (NYSE:PRA) for 1.29 million shares. Eulav Asset Mgmt reported 0.14% in ProAssurance Corporation (NYSE:PRA). Utah Retirement accumulated 9,800 shares. Hayek Kallen Inv Management invested 0.5% of its portfolio in ProAssurance Corporation (NYSE:PRA). Deutsche Bancshares Ag has 0% invested in ProAssurance Corporation (NYSE:PRA). Bnp Paribas Arbitrage has 0% invested in ProAssurance Corporation (NYSE:PRA) for 51,682 shares. Warren Averett Asset Mngmt Ltd Liability Company invested in 0.21% or 27,104 shares. Wealth Enhancement Advisory Service Lc accumulated 23,807 shares. Glenmede Trust Communications Na reported 497 shares stake. Amalgamated Comml Bank accumulated 10,526 shares or 0.01% of the stock. 92,900 are owned by Swiss Comml Bank.

Since January 10, 2018, it had 2 insider buys, and 3 sales for $8.06 million activity. STARNES WILLIAM STANCIL also sold $5.54M worth of ProAssurance Corporation (NYSE:PRA) on Tuesday, January 16. 3,000 shares were bought by O NEIL FRANK B, worth $122,250.

Analysts await ProAssurance Corporation (NYSE:PRA) to report earnings on August, 6. They expect $0.41 earnings per share, up 2.50% or $0.01 from last year’s $0.4 per share. PRA’s profit will be $21.97 million for 23.48 P/E if the $0.41 EPS becomes a reality. After $0.40 actual earnings per share reported by ProAssurance Corporation for the previous quarter, Wall Street now forecasts 2.50% EPS growth.

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Seekingalpha.com which released: “Starbucks launches new prepaid Visa product” on June 11, 2018, also Seekingalpha.com with their article: “Starbucks’ Schultz steps down as chairman” published on June 04, 2018, Seekingalpha.com published: “Seattle council repeals ‘head tax'” on June 13, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: “Starbucks opens bathrooms to everyone” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Starbucks clarifies new guest policy” with publication date: May 22, 2018.

Since January 31, 2018, it had 0 buys, and 3 sales for $13.62 million activity. 12,500 shares valued at $740,851 were sold by ULLMAN MYRON E III on Monday, March 12. BURROWS CLIFFORD had sold 162,826 shares worth $9.28M.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.12, from 1.05 in 2017Q4. It fall, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. The Ontario – Canada-based Natl Bank Of Nova Scotia has invested 0.16% in Starbucks Corporation (NASDAQ:SBUX). Kentucky Retirement Fund invested 0.37% in Starbucks Corporation (NASDAQ:SBUX). Van Hulzen Asset Mgmt Limited Liability Company invested 0.08% in Starbucks Corporation (NASDAQ:SBUX). Polaris Greystone Gp Lc has 1,880 shares for 0.01% of their portfolio. West Coast Lc holds 112,073 shares or 1.85% of its portfolio. Hl Financial Svcs Limited Liability Company accumulated 95,733 shares. Strs Ohio reported 963,135 shares. Mercer Cap Advisers Incorporated reported 0.72% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Northeast Invest owns 176,621 shares for 0.9% of their portfolio. New England Private Wealth Limited Liability stated it has 9,636 shares or 0.16% of all its holdings. Private Ocean Ltd Liability Com holds 0.33% or 11,837 shares. Duncker Streett And has invested 0.49% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). The New York-based Rafferty Asset Management Limited Co has invested 0.02% in Starbucks Corporation (NASDAQ:SBUX). Nichols & Pratt Advisers Ltd Liability Partnership Ma invested 0.65% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Aviance Capital Prtnrs Limited Liability Company holds 4,328 shares.

First Long Island Investors Llc, which manages about $805.84 million and $723.04M US Long portfolio, decreased its stake in Home Depot Inc Com (NYSE:HD) by 5,241 shares to 87,422 shares, valued at $15.58 million in 2018Q1, according to the filing. It also reduced its holding in Celgene Corp Com (NASDAQ:CELG) by 61,856 shares in the quarter, leaving it with 64,687 shares, and cut its stake in Alliance Data Systems Corp (NYSE:ADS).

ProAssurance Corporation (NYSE:PRA) Institutional Positions Chart

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