Insurance Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, several insurance stocks experienced notable movements. Gainers included Abacus Life (ABL), Maiden Hldgs (MHLD), Cheche Group (CCG), American Coastal (ACIC), Tiptree (TIPT), and Brighthouse Finl (BHFAM), with increases ranging from 1.8% to 6.29%. On the losing side, Hallmark Financial Servs (HALL), Hippo Holdings (HIPO), NI Holdings (NODK), Marpai (MRAI), Kingstone Companies (KINS), and SelectQuote (SLQT) saw declines between 1.65% and 4.03%. All stocks traded at volumes representing 0% of their average full-day volume over the last 100 days.
December 26, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Hallmark Financial Servs (HALL) shares fell by 4.03% to $1.9, with a market cap of $3.4 million.
HALL's decline in share price could reflect negative sentiment, possibly leading to further short-term depreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Hippo Holdings (HIPO) shares decreased by 3.07% to $9.16, with a market cap of $225.7 million.
The drop in HIPO's stock price suggests bearish market sentiment that could persist in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Kingstone Companies (KINS) stock dropped by 2.65% to $2.29, with a market cap of $26.3 million.
The decline in KINS's share price could reflect a lack of investor confidence, potentially leading to further short-term losses.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Marpai (MRAI) stock declined by 2.71% to $1.8, with a market cap of $15.6 million.
MRAI's stock decrease could be a sign of negative investor sentiment, which may lead to further short-term price drops.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
NI Holdings (NODK) stock fell by 2.87% to $12.56, with a market cap of $266.0 million.
NODK's negative price change could indicate a bearish trend, potentially leading to further short-term declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
SelectQuote (SLQT) stock decreased by 1.65% to $1.5, with a market cap of $261.6 million.
SLQT's stock price decline suggests potential bearish sentiment among investors, which may continue in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Abacus Life (ABL) shares rose by 6.29% to $8.78, with a market cap of $505.5 million.
The significant intraday increase in ABL's share price suggests positive investor sentiment, which could lead to short-term price appreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
American Coastal (ACIC) shares went up by 2.58% to $9.53, with a market cap of $407.8 million.
ACIC's positive price movement could attract more investor interest in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Brighthouse Finl (BHFAM) shares moved up by 1.8% to $15.75.
The increase in BHFAM's stock price could indicate a positive investor sentiment, potentially leading to short-term price growth.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cheche Group (CCG) stock rose by 5.63% to $6.75, with a market cap of $516.2 million.
The upward movement in CCG's stock price could signal a bullish trend for the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Maiden Hldgs (MHLD) shares increased by 5.65% to $2.43, with a market cap of $232.1 million.
MHLD's share price growth indicates a positive market reaction that could continue in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Tiptree (TIPT) shares increased by 1.98% to $18.75, with a market cap of $675.4 million.
TIPT's share price gain could suggest a positive outlook, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80