Insurance Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
Insurance stocks experienced significant movement in Tuesday's intraday session. Gainers included Trupanion (TRUP), BRP Group (BRP), Lemonade (LMND), eHealth (EHTH), SelectQuote (SLQT), and First American Financial (FAF), with increases ranging from 5.41% to 9.29%. Losers were Conifer Holdings (CNFR), Abacus Life (ABL), RenaissanceRe Holdings (RNR), Reinsurance Gr (RGA), Unum Gr (UNM), and Arch Capital Group (ACGL), with decreases between 1.9% and 8.01%. Notably, eHealth's Q3 earnings were released 4 days ago, Conifer Holdings' Q3 earnings 3 days ago, and Abacus Life's Q3 earnings yesterday.
November 14, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Abacus Life shares decreased by 4.02% to $6.45 following its Q3 earnings release.
The negative investor response to the Q3 earnings could lead to further short-term downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Arch Capital Group stock fell 1.9% to $84.93, with trading volume below its 100-day average.
The stock's modest decline on lower volume suggests a lack of strong selling pressure, which may limit the short-term downside.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Conifer Holdings shares fell 8.01% to $0.69 post Q3 earnings, with high trading volume.
The decline in stock price following the Q3 earnings suggests a negative market reaction that may continue in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Reinsurance Gr stock declined by 2.14% to $159.56, with lower than average trading volume.
The decrease in stock price on lower volume could suggest a temporary pullback with potential for near-term recovery.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
RenaissanceRe Holdings stock decreased by 2.86% to $204.78, with trading volume at 57.3% of its 100-day average.
The stock's decline with moderate trading volume may indicate a lack of strong conviction in the sell-off, suggesting a possible short-term stabilization.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Unum Gr stock decreased by 1.96% to $42.35, with trading volume significantly above its 100-day average.
The significant increase in trading volume accompanying the stock's decline could indicate strong market reaction and potential for further short-term downside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
BRP Group stock increased by 9.19% to $21.84, with trading volume at over half its 100-day average.
The stock's upward movement and substantial trading volume indicate a positive market reaction that could persist in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
eHealth shares rose 7.98% to $7.71 post Q3 earnings, with trading volume at 74.8% of its 100-day average.
The positive response to the Q3 earnings report and the increase in stock price could suggest continued investor interest in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
First American Financial shares rose 5.41% to $56.11, with trading volume exceeding its 100-day average.
The increase in stock price coupled with high trading volume indicates strong investor confidence, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Lemonade stock climbed 8.3% to $15.52, with trading volume nearing 87% of its 100-day average.
The notable stock price rise and high trading volume could lead to further short-term positive momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
SelectQuote shares increased by 5.64% to $1.31, with trading volume at 35.5% of its 100-day average.
The stock's gain, despite lower trading volume, could indicate a more cautious optimism that may not sustain in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Trupanion stock rose 9.29% to $24.81, with trading volume reaching nearly 100% of its 100-day average.
The significant increase in stock price and high trading volume suggest positive investor sentiment, which could lead to continued short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90