Insurance Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, insurance stocks saw significant movements. Huize Holding, Fanhua, Tiptree, Waterdrop, Cheche Group, and Assured Guaranty were among the gainers, while SiriusPoint, Lemonade, Skyward Specialty, SelectQuote, Hippo Holdings, and Mercury General were the losers. Notably, SiriusPoint and Skyward Specialty's Q4 earnings were released yesterday, impacting their stock prices.
February 21, 2024 | 5:40 pm
News sentiment analysis
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POSITIVE IMPACT
Huize Holding shares rose by 5.26% to $0.74, with a market cap of $35.9 million.
The positive movement in HUIZ shares indicates investor optimism, potentially due to company-specific factors or broader industry trends.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Skyward Specialty shares decreased by 4.79% to $33.01 following Q4 earnings, with a market cap of $1.3 billion.
The negative reaction to SKWD's stock post-Q4 earnings suggests the results did not meet investor expectations.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
SiriusPoint shares fell by 7.42% to $11.37 after Q4 earnings were released, with a market cap of $2.0 billion.
The decline in SPNT shares likely reflects investor disappointment or concerns following the Q4 earnings release.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95