Insurance Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, insurance stocks saw movement with Marpai, Huize Holding, Tian Ruixiang Holdings, Fanhua, Maiden Hldgs, and Intl General Insurance recording gains, while Conifer Holdings, FG Finl Gr, Waterdrop, Maiden Holdings Ltd. Notes, Cheche Group, and Hippo Holdings experienced losses. Notably, Waterdrop's Q3 earnings were released.
December 07, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Cheche Group's stock declined by 4.07% to $7.21 with a trading volume of 6.2K shares and a market cap of $593.9 million.
The stock's decline could lead to negative investor sentiment, potentially impacting the stock price further in the short term.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 70
NEGATIVE IMPACT
Conifer Holdings' stock declined by 8.51% to $16.02 with a current volume of 103 shares.
The notable decrease in price could lead to negative sentiment in the short term, possibly resulting in further declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
FG Finl Gr's stock fell 7.94% to $14.5 with a trading volume of 1.2K shares.
The drop in stock price is negative, but the low volume indicates that the impact may be contained in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Hippo Holdings' stock fell 3.9% to $8.39 with a trading volume of 35.3K shares and a market cap of $208.5 million.
The decrease in stock price indicates a negative trend, which may continue in the short term given the current market sentiment.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Maiden Holdings Ltd. Notes due 2046's stock fell 4.69% to $16.49 with a trading volume of 152 shares.
The price decrease is a negative sign, but the minimal trading volume suggests a muted short-term impact.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Waterdrop's shares fell 5.56% to $1.18 with a trading volume of 61.2K shares and a market cap of $469.4 million. The company released its Q3 earnings.
The decline following the Q3 earnings release suggests a negative market reaction, which could continue to affect the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Fanhua's stock increased by 3.3% to $7.18 with a trading volume of 8.2K shares and a market cap of $374.4 million.
The moderate price increase and substantial market cap suggest a positive outlook, potentially attracting more investor interest.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 80
POSITIVE IMPACT
Huize Holding's shares increased by 6.52% to $0.93 with a trading volume of 4.4K shares and a market cap of $48.6 million.
The increase in stock price is a positive sign, but the low trading volume suggests limited short-term impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 80
POSITIVE IMPACT
Intl General Insurance's stock moved upwards by 2.43% to $12.6 with a trading volume of 29.1K shares and a market cap of $500.3 million.
The stock's upward movement and significant market cap could lead to continued investor interest and potential short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Maiden Hldgs' stock increased by 2.89% to $2.13 with a current volume of 41.6K shares and a market cap of $208.9 million.
The stock's gain is a positive indicator, but the impact may be moderate due to average trading volume.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 80
POSITIVE IMPACT
Marpai's shares rose 8.43% to $2.2 with a trading volume of 124.0K shares and a market cap of $15.3 million.
The significant rise in share price could indicate positive investor sentiment in the short term, potentially leading to further gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 90
POSITIVE IMPACT
Tian Ruixiang Holdings' stock rose 5.2% to $0.78 with a trading volume of 35.7K shares and a market cap of $2.4 million.
The stock's price increase is positive, but the small market cap and low volume may limit the impact.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 70