Published on 7 Dec 2023 on Insider Monkey via Yahoo Finance

Here’s Why ProAssurance Corporation (PRA) Shares Increased by 25%

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the quarter the fund returned -3.67% (net), compared to -7.32% return for the Russell 2000 Growth Index. Year-to-date the fund returned 11.56% (net) compared to 9.59% return for the index. The third quarter saw a decline in global equities markets, but they remained positive YTD. Value has generally outperformed Growth, as demonstrated by the style factors and market indexes. In addition, please check the fund’s top five holdings to know its best picks in 2023.

TimesSquare Capital U.S. Small Cap Growth Strategy highlighted stocks like ProAssurance Corporation (NYSE:PRA) in the third quarter 2023 investor letter. Headquartered in Birmingham, Alabama, ProAssurance Corporation (NYSE:PRA) is a US-based insurance and reinsurance provider. On December 6, 2023, ProAssurance Corporation (NYSE:PRA) stock closed at $12.61 per share. One-month return of ProAssurance Corporation (NYSE:PRA) was -9.35%, and its shares lost 34.36% of their value over the last 52 weeks. ProAssurance Corporation (NYSE:PRA) has a market capitalization of $642.723 million.

TimesSquare Capital U.S. Small Cap Growth Strategy made the following comment about ProAssurance Corporation (NYSE:PRA) in its Q3 2023 investor letter: