Insurance Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
Insurance stocks experienced notable movements in Monday's intraday session. Gainers included Marpai, Lemonade, Hippo Holdings, Crawford, and eHealth, with increases ranging from 4.53% to 10.51%. Losers were Maiden Holdings, Huize Holding, Maiden Holdings Ltd. 6.625% Notes due 2046, ProAssurance, Universal Insurance Holdings, and James River Group Holdings, with decreases between 1.98% and 4.66%. The movements reflect varying investor sentiments within the insurance industry.
February 26, 2024 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Huize Holding's shares declined by 3.9% to $0.7, with a trading volume of 3.0K shares.
Huize Holding's stock price drop, coupled with low trading volume, suggests bearish sentiment that may persist in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
James River Group Holdings' stock decreased by 1.98% to $10.64, with a trading volume of 142.4K shares.
James River Group Holdings' price drop may indicate negative investor sentiment, potentially affecting short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Maiden Holdings, Ltd. 6.625% Notes due 2046 decreased by 3.38% to $16.03, with a trading volume of 1.6K shares.
The drop in Maiden Holdings Ltd. Notes suggests investor caution, potentially impacting short-term price negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Maiden Holdings' shares fell by 4.66% to $1.33, with a trading volume of 101.9K shares.
The decline in Maiden Holdings' stock price may indicate negative investor sentiment, potentially leading to further short-term decreases.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
ProAssurance's shares fell by 3.07% to $12.96, with a trading volume of 82.9K shares.
ProAssurance's share price decline may reflect market skepticism, potentially leading to further short-term drops.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Universal Insurance Holdings' shares decreased by 2.57% to $20.55, with a trading volume of 186.9K shares.
The decrease in Universal Insurance Holdings' stock price, especially after recent earnings, suggests potential short-term bearishness.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Crawford's shares saw increases of 5.09% and 4.73% to $13.4 and $12.6 respectively, with varying trading volumes.
Crawford's dual listing and respective price increases suggest a strong investor outlook, potentially boosting short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
eHealth's shares increased by 4.53% to $7.14, with a trading volume of 61.5K shares.
eHealth's share price gain reflects investor confidence, suggesting potential for continued upward movement in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Hippo Holdings' stock increased by 8.38% to $12.8, with a trading volume of 133.7K shares.
The rise in Hippo Holdings' stock price indicates positive market reception, potentially leading to further gains in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Lemonade's shares increased by 9.3% to $19.57, with a current volume of 2.0 million shares.
Lemonade's notable share price increase reflects strong investor interest, likely contributing to short-term positive price action.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Marpai's stock rose by 10.51% to $1.6, with a trading volume of 105.7K shares.
The significant increase in Marpai's stock price suggests positive investor sentiment, potentially leading to short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90