Insurance Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, insurance stocks saw notable movements. Abacus Life (ABL) led the gainers, rising 7.91% to $10.43, while Oxbridge Re Holdings (OXBR) led the losers, declining 4.55% to $1.05. Other gainers included James River Gr Hldgs (JRVR), American Coastal (ACIC), Trupanion (TRUP), Hallmark Financial Servs (HALL), and Marpai (MRAI). Losers comprised Crawford (CRD), Kingstone Companies (KINS), Global Indemnity Group (GBLI), and Greenlight Capital Re (GLRE). Trading volumes for these stocks were at 0% of their average full-day volume over the last 100 days.
January 02, 2024 | 5:40 pm
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NEGATIVE IMPACT
Crawford (CRD) shares fell in two instances, 4.13% to $12.54 and 2.32% to $12.88, with trading volumes of 24.8K and 38.4K shares respectively, and market caps of $613 million and $629 million.
The double drop in CRD's stock price suggests a bearish trend that could impact the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Global Indemnity Group (GBLI) stock decreased by 3.22% to $31.2, with a trading volume of 2.3K shares and a market cap of $365.6 million.
GBLI's decrease in stock price may reflect short-term negative market sentiment or profit-taking.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Greenlight Capital Re (GLRE) shares fell 3.16% to $11.06, with a trading volume of 32.2K shares and a market cap of $403.5 million.
The decline in GLRE's stock price could be due to market volatility or investor concerns, suggesting a possible short-term downtrend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Kingstone Companies (KINS) shares declined by 3.76% to $2.05, with a trading volume of 14.2K shares and a market cap of $26.3 million.
KINS's stock price drop could indicate short-term bearish sentiment, potentially leading to further declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Oxbridge Re Holdings (OXBR) shares declined by 4.55% to $1.05, with a trading volume of 6.0K shares and a market cap of $5.9 million.
OXBR's decline in stock price could reflect negative sentiment or market reactions, likely leading to a short-term downtrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Abacus Life (ABL) shares rose 7.91% to $10.43, with a trading volume of 34.3K shares and a market cap of $623.9 million.
The significant rise in ABL's stock price suggests positive investor sentiment, which could lead to short-term momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
American Coastal (ACIC) shares moved upwards by 3.48% to $9.79, with a trading volume of 71.0K shares and a market cap of $421.8 million.
ACIC's stock price increase could suggest a bullish outlook for the company in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Hallmark Financial Servs (HALL) stock increased by 3.07% to $1.04, with a trading volume of 42.7K shares and a market cap of $1.9 million.
HALL's stock price gain, although modest, may indicate a positive investor outlook that could persist in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
James River Gr Hldgs (JRVR) stock increased by 3.62% to $9.57, with a trading volume of 147.9K shares and a market cap of $345.9 million.
JRVR's upward movement could attract more attention, potentially leading to further short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Marpai (MRAI) stock rose by 2.85% to $1.8, with a trading volume of 9.2K shares and a market cap of $15.3 million.
MRAI's positive stock movement could attract investor interest, potentially leading to further short-term gains.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Trupanion (TRUP) stock rose by 3.27% to $31.51, with a trading volume of 313.8K shares and a market cap of $1.2 billion.
The increase in TRUP's stock price could be a sign of continued investor interest, potentially leading to further short-term appreciation.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80