Insurance Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, insurance stocks saw movement with Arch Capital Group (ACGL), American Coastal (ACIC), AMERISAFE (AMSF), Hamilton Insurance Group (HG), Everest Group (EG), and Brighthouse Finl (BHFAP) recording gains. Conversely, Crawford (CRD), Marpai (MRAI), Fanhua (FANH), Root (ROOT), and Maiden Hldgs (MHLD) experienced declines. The article provides updates on stock prices, trading volumes, and market capitalizations.
January 31, 2024 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Crawford's shares fell in two separate instances, 4.46% to $11.58 and 2.65% to $12.13, indicating negative market sentiment.
The double mention of declines for Crawford suggests a strong negative sentiment that could continue to pressure the stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Fanhua's shares dropped 3.07% to $6.01, with very low volume, suggesting a bearish trend with minimal immediate impact.
The price drop for Fanhua indicates negative sentiment, but the low volume traded suggests the impact may not be significant in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Maiden Hldgs' shares fell 2.83% to $1.72, with trading volume suggesting a negative trend but limited short-term impact.
The decrease in Maiden Hldgs' stock price points to a negative market reaction, but the low volume suggests the impact may be limited in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Marpai's stock decreased by 4.35% to $1.32, with low trading volume, indicating a negative outlook but limited impact.
The decline in Marpai's stock price suggests a negative trend, but the low volume implies that the impact may be contained.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Root's stock saw a decrease of 2.86% to $8.18, with low volume pointing to a negative but not strongly impactful trend.
Root's stock decline reflects a negative sentiment, but the low volume indicates that the impact on the stock might be moderate.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Arch Capital Group's stock rose 2.38% to $82.5 with a trading volume of 801.6K shares, indicating investor optimism.
The rise in stock price suggests positive investor sentiment, which could lead to short-term upward momentum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
American Coastal's shares increased by 2.32% to $11.89, but with low trading volume, the impact may be limited.
The increase in price is a positive sign, but the low trading volume suggests limited market engagement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
AMERISAFE's stock climbed 2.09% to $50.25, potentially indicating a bullish trend despite low volume.
The stock's gain could suggest a positive outlook, but the significance is tempered by the low trading volume.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Brighthouse Finl's stock increased by 1.22% to $24.71, with low volume indicating a neutral short-term impact.
The stock's rise is positive, but the low volume indicates that the impact may not be significant in the short term.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 50
POSITIVE IMPACT
Everest Group's stock rose 1.38% to $385.0, reflecting investor confidence, but the low volume suggests cautious trading.
The stock's increase is a positive indicator, but the low volume traded may indicate cautious investor behavior.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 60
POSITIVE IMPACT
Hamilton Insurance Group saw a 1.76% increase to $14.97, but the impact is likely minimal due to the low volume traded.
The price increase is positive, but the low volume indicates that the impact on the stock may be limited in the short term.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 60