Magnetar Financial Increases Stake in ProAssurance

Institutional investor adds 69,365 shares to its position in insurance provider

Mar. 11, 2026 at 10:50am

Got story updates? Submit your updates here. ›

Magnetar Financial LLC, an institutional investor, increased its stake in ProAssurance Corporation (NYSE:PRA) by 2.3% during the third quarter. The firm now owns 3,026,173 shares, or approximately 5.89% of the insurance provider's stock, worth $72.6 million.

Why it matters

This transaction highlights the continued institutional interest in ProAssurance, a leading provider of professional liability insurance for healthcare providers. Magnetar's increased stake suggests confidence in the company's long-term prospects.

The details

According to a disclosure with the Securities and Exchange Commission, Magnetar Financial purchased an additional 69,365 shares of ProAssurance during the third quarter. This brings the firm's total position in the insurance provider to 3,026,173 shares, or approximately 5.89% of the company's outstanding stock.

  • Magnetar Financial increased its stake in ProAssurance during the third quarter of the year.

The players

Magnetar Financial LLC

An institutional investor and hedge fund manager.

ProAssurance Corporation

A specialty property and casualty insurance holding company that focuses primarily on professional liability coverage for healthcare providers.

Got photos? Submit your photos here. ›

The takeaway

Magnetar Financial's increased stake in ProAssurance suggests continued institutional confidence in the insurance provider's long-term prospects, despite broader market volatility.