Insurance Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
Insurance stocks showed mixed performance in Thursday's intraday session. Gainers included Root (NASDAQ:ROOT), Tiptree (NASDAQ:TIPT), Hippo Holdings (NYSE:HIPO), Palomar Hldgs (NASDAQ:PLMR), Trupanion (NASDAQ:TRUP), and SelectQuote (NYSE:SLQT). Losers included Markel Group (NYSE:MKL), Axis Capital Holdings (NYSE:AXS), RenaissanceRe Holdings (NYSE:RNR), United Fire Gr (NASDAQ:UFCS), FG Finl Gr (NASDAQ:FGF), and Everest Group (NYSE:EG). Most companies recently released their Q3 earnings.
November 02, 2023 | 5:40 pm
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POSITIVE IMPACT
Root shares rose 14.74% to $10.15 during Thursday's session. The company's Q3 earnings were released yesterday.
The rise in Root's stock price can be attributed to the recent release of their Q3 earnings, which likely met or exceeded market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Markel Group stock declined by 11.77% to $1317.09 during Thursday's session. The company's Q3 earnings were released yesterday.
The decline in Markel Group's stock price can be attributed to the recent release of their Q3 earnings, which likely did not meet market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100