Insurance Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, insurance stocks saw movement with Oxbridge Re Holdings (OXBR), Tian Ruixiang Holdings (TIRX), Axis Capital Holdings (AXS), Cheche Group (CCG), Progressive (PGR), and SiriusPoint (SPNT) recording gains. On the other hand, eHealth (EHTH), Fanhua (FANH), Reliance Global Group (RELI), HCI Group (HCI), SelectQuote (SLQT), and Tiptree (TIPT) experienced declines. Notably, Progressive's Q4 earnings were released.
January 24, 2024 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
eHealth stock declined by 4.16% to $5.99 with a market cap of $177.2 million.
The decline in stock price could reflect negative sentiment, possibly leading to further short-term depreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Fanhua shares decreased by 2.84% to $6.16 with a market value of $332.4 million.
The drop in share price suggests a bearish outlook, which may continue in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
HCI Group shares fell 2.06% to $92.98 with a market value of $924.4 million.
The decline in stock price could indicate a bearish trend, potentially leading to further short-term losses.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Reliance Global Group shares declined by 2.64% to $0.47 with a market value of $2.3 million.
The negative price action could lead to further short-term downside as investor sentiment may remain low.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
SelectQuote stock fell 1.76% to $1.12 with a market cap of $199.5 million.
The stock's downward movement could continue in the short term if the negative sentiment persists.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Tiptree stock decreased by 1.46% to $19.01 with a market value of $708.9 million.
The slight decrease in price may suggest a minor negative investor sentiment, potentially affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Axis Capital Holdings shares rose by 6.82% to $58.73, with a market cap of $4.6 billion.
The stock's upward movement could attract more investors, potentially leading to a short-term positive trend.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cheche Group shares increased by 5.39% to $6.25, with a market value of $456.8 million.
The increase in share price could be indicative of investor confidence, possibly leading to short-term positive momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Oxbridge Re Holdings stock rose by 9% to $1.09 with a market cap of $6.3 million.
The significant intraday rise in stock price suggests positive investor sentiment, which could lead to short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Progressive shares increased by 5.27% to $179.31 following the release of Q4 earnings, with a market cap of $104.5 billion.
The positive stock movement post-earnings release suggests a favorable investor response, which could lead to continued short-term appreciation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
SiriusPoint stock rose 4.79% to $12.03 with a market cap of $1.9 billion.
The stock's gain could signal a bullish trend, potentially leading to further short-term increases.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Tian Ruixiang Holdings stock increased by 7.38% to $0.56 with a market value of $1.7 million.
The rise in stock price indicates a positive market reaction, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80