Insurance Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
Insurance stocks experienced notable movements in Thursday's intraday session. Gainers included Root, SelectQuote, Conifer Holdings, Lemonade, Fanhua, and Maiden Holdings, with increases ranging from 3.77% to 16.33%. Losers were Marpai, MBIA, Huize Holding, Assured Guaranty, Ambac Financial Group, and Intl General Insurance, with declines between 2.64% and 5.41%. Notably, Lemonade, MBIA, Assured Guaranty, and Ambac Financial Group recently released their Q4 earnings.
February 29, 2024 | 5:40 pm
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NEGATIVE IMPACT
MBIA shares fell 4.8% to $6.55, with a trading volume of 531.6K shares. The Q4 earnings were released yesterday.
The decrease in MBIA's stock price following its Q4 earnings release suggests the market may have reacted negatively to the earnings report.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Marpai stock declined by 5.41% to $1.4, with a trading volume of 77.6K shares.
The decline in Marpai's stock price could reflect negative investor sentiment or reactions to recent company or industry news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Root shares surged 16.33% to $32.54, with a trading volume of 1.4 million shares.
The significant price increase suggests positive investor sentiment, potentially due to company-specific news or broader industry trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
SelectQuote shares increased by 8.95% to $1.94, with a current volume of 1.1 million shares.
The rise in SelectQuote's stock price could indicate positive market reaction to recent company developments or sector performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85