Insurance Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, insurance stocks saw movement with Waterdrop, Hippo Holdings, Goosehead Insurance, Citizens, Genworth Financial, and Root experiencing gains, while Reliance Global Group, Abacus Life, Fanhua, American Coastal, GoHealth, and FG Financial Group faced declines. The movements were attributed to trading volumes and recent Q3 earnings reports for some companies.
November 13, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Abacus Life's stock decreased by 5.53% to $6.45, with a trading volume of 3.2K shares after its Q3 earnings.
The stock's drop after the earnings release indicates a negative investor sentiment that may persist in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
American Coastal's shares dropped by 4.09% to $7.05, with a trading volume of 241.5K shares after its Q3 earnings.
The significant decline post-earnings with high trading volume suggests a strong negative market reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Fanhua's stock fell by 4.37% to $6.74, with a trading volume of 6.6K shares.
The decrease in stock price, even with lower trading volume, could indicate a negative outlook in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
FG Financial Group's stock decreased by 3.18% to $1.22, with a trading volume of 6.5K shares after its Q3 earnings.
The post-earnings drop suggests that the earnings report did not meet market expectations, potentially affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
GoHealth's shares declined by 3.38% to $12.87, with a trading volume of 14.3K shares after its Q3 earnings.
The stock's decline after the earnings report could lead to continued bearish sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Reliance Global Group's shares fell by 7.7% to $1.08 with a trading volume of 8.5K shares after its Q3 earnings report.
The decline post-earnings suggests a negative market reaction, which could continue to affect the stock short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Citizens stock rose by 1.79% to $3.12, with a trading volume of 25.4K shares, 52.5% of its average volume.
The stock's increase on higher than average volume may indicate short-term bullish sentiment among investors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Genworth Financial's stock went up by 1.72% to $5.59, with a trading volume of 1.5 million shares after its Q3 earnings.
The increase following the Q3 earnings report suggests a positive investor response, likely to influence short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Goosehead Insurance's shares increased by 1.89% to $73.42, with a trading volume of 62.3K shares.
The positive movement in share price could attract more investors, potentially leading to a short-term positive impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Hippo Holdings stock increased by 3.21% to $8.66 with a current volume of 37.7K shares, 27.3% of its average volume.
The stock's gain and active trading volume indicate a positive market reaction that could persist in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Root's stock increased by 1.55% to $9.98, with a trading volume of 27.7K shares, 39.0% of its average volume.
The stock's gain with a substantial trading volume could suggest a short-term positive trend.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Waterdrop shares rose by 4.5% to $1.16 with a trading volume of 13.9K shares, which is 6.8% of its average full-day volume.
The increase in share price and trading volume suggests positive investor sentiment, potentially leading to a short-term uptrend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80