Insurance Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, insurance stocks saw varying movements. Gainers included Fanhua, Brown & Brown, HCI Group, Huize Holding, SelectQuote, and Abacus Life, with increases ranging from 2.8% to 5.16%. Losers were Oxbridge Re Holdings, GoHealth, Hippo Holdings, Marpai, Hanover Insurance Group, and Investors Title, with declines between 2.04% and 4.63%. Trading volumes for all mentioned stocks were at 0% of their average full-day volume over the last 100 days.
January 23, 2024 | 5:40 pm
News sentiment analysis
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POSITIVE IMPACT
Abacus Life shares increased by 2.8% to $12.45, with a market cap of $720.2 million, showing positive investor sentiment.
The gain in Abacus Life's shares suggests a favorable investor response, potentially due to company-specific news or market trends.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Brown & Brown's shares increased by 4.92% to $79.0 following their Q4 earnings release, with a market cap of $22.5 billion.
The stock's upward movement post-earnings suggests the market responded favorably to Brown & Brown's financial results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Fanhua shares rose by 5.16% to $6.31 with a trading volume of 4.3K shares, indicating investor optimism.
The increase in Fanhua's share price suggests positive market reaction, potentially due to company-specific news or broader industry trends.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
HCI Group's stock increased by 4.7% to $94.14, with a market cap of $875.5 million, indicating positive investor sentiment.
The rise in HCI Group's stock price may reflect investor optimism about the company's prospects or industry conditions.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Huize Holding's stock rose by 4.09% to $0.68, with a market value of $38.3 million, suggesting a positive market reaction.
The increase in Huize Holding's share price could be due to positive sentiment or speculative trading given the low price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
SelectQuote's stock increased by 3.73% to $1.11, with a market value of $179.4 million, indicating investor interest.
SelectQuote's stock price increase may reflect investor optimism or a reaction to recent company developments.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
GoHealth shares declined by 4.33% to $12.4, with a market value of $113.5 million, suggesting bearish market sentiment.
GoHealth's share price decline may be a result of negative market sentiment or unfavorable industry news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Hippo Holdings shares fell 3.51% to $8.82, with a market cap of $218.3 million, reflecting negative investor sentiment.
The decline in Hippo Holdings' stock price suggests that investors may be reacting to negative news or market trends.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Investors Title stock fell 2.04% to $165.0, with a market value of $287.3 million, indicating a downward movement in the market.
The decline in Investors Title's stock price could reflect a cautious approach by investors or a response to market volatility.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Marpai stock decreased by 2.91% to $1.67, with a market cap of $15.3 million, indicating a negative investor reaction.
Marpai's stock price drop could be due to investor concerns or negative sentiment affecting the broader market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Oxbridge Re Holdings shares fell by 4.63% to $1.0, with a market value of $6.3 million, indicating negative market sentiment.
The decrease in Oxbridge Re Holdings' stock price could be due to negative investor sentiment or broader market pressures.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Hanover Insurance Group shares declined by 2.04% to $129.03, with a market value of $4.7 billion, showing a bearish trend.
The decrease in Hanover Insurance Group's stock price may be due to market corrections or investor reactions to industry news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80