Insurance Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, insurance stocks saw significant movement. Fanhua (FANH) led the gainers, rising 16.76% to $6.13, while Reliance Global Group (RELI) led the losers, falling 7.18% to $0.59. Other notable gainers included SiriusPoint (SPNT), Heritage Insurance Holdings (HRTG), FG Financial Group (FGFPP and FGF), and Waterdrop (WDH). On the losing side were MBIA (MBI), Global Indemnity Group (GBLI), Lincoln National (LNC), Conifer Holdings (CNFR), and American Financial Group's subordinated debentures (AFGC). Trading volumes for these stocks were reported to be 0% of their average full-day volume over the last 100 days.
December 18, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
American Financial Group's subordinated debentures (AFGC) fell 1.63% to $20.57, with a trading volume of 4.0K shares.
The decline in AFGC's debenture price may suggest a cautious approach from bond investors, potentially leading to further short-term decreases.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Conifer Holdings' stock fell by 1.76% to $1.12, with a trading volume of 128 shares.
Conifer Holdings' slight stock price decline could indicate a short-term negative sentiment among investors.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
NEGATIVE IMPACT
Global Indemnity Group's shares fell by 2.98% to $28.71, with a trading volume of 1.1K shares.
The drop in Global Indemnity Group's stock price may continue in the short term, reflecting a negative market response.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Lincoln National's shares decreased by 1.83% to $27.31, with a trading volume of 811.1K shares.
Lincoln National's stock price decrease suggests a bearish short-term trend that may persist.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MBIA shares decreased by 4.94% to $13.1, with a trading volume of 632.0K shares.
MBIA's stock price decline could reflect short-term bearish sentiment, possibly leading to further decreases.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Reliance Global Group's stock fell sharply by 7.18% to $0.59, with a trading volume of 87.6K shares.
The significant drop in Reliance Global Group's stock price suggests negative investor sentiment, which could lead to continued short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Fanhua stock rose significantly by 16.76% to $6.13, with a trading volume of 18.3K shares.
The substantial rise in Fanhua's stock price suggests positive investor sentiment, which could lead to continued short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
FG Financial Group's common stock (FGF) rose by 3.73% to $1.39, with a trading volume of 8.3K shares.
The rise in FGF's stock price could indicate a favorable short-term outlook, potentially leading to further gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
FG Financial Group's preferred stock (FGFPP) increased by 4.13% to $15.1, with a trading volume of 8.4K shares.
The increase in FGFPP's stock price could attract more attention to the preferred shares, potentially leading to further short-term appreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Heritage Insurance Holdings' shares rose by 4.3% to $6.79, with a trading volume of 532.1K shares.
Heritage Insurance Holdings' stock price increase could suggest a bullish short-term trend for the company's shares.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SiriusPoint shares increased by 4.77% to $11.74, with a current trading volume of 331.9K shares.
The rise in SiriusPoint's share price indicates a positive short-term outlook, potentially leading to further gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Waterdrop's stock moved up by 3.8% to $1.09, with a trading volume of 112.2K shares.
Waterdrop's stock price increase may continue in the short term, reflecting investor interest in the company's growth prospects.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75