Insurance Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, the insurance industry saw notable movements with Kingstone Companies, Tian Ruixiang Holdings, Reliance Global Group, Crawford, Kingsway Financial Servs, and others experiencing gains, while Hippo Holdings, Hamilton Insurance Group, James River Gr Hldgs, Lemonade, Maiden Hldgs, and HCI Group faced declines. The movements were highlighted by trading volumes and market cap changes.
March 14, 2024 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
HCI Group shares declined by 3.76% to $110.5, with a market cap of $1.1 billion.
HCI's drop may indicate negative market sentiment, potentially leading to further short-term price declines.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Hamilton Insurance Group shares declined by 5.45% to $13.29, with a market cap of $1.5 billion.
HG's decline reflects negative market sentiment, possibly leading to further short-term price drops.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Hippo Holdings shares decreased by 6.03% to $17.71, with a market cap of $458.2 million.
The significant drop in HIPO shares could indicate negative sentiment, potentially leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
James River Gr Hldgs shares decreased by 5.32% to $6.41, with a market cap of $259.1 million.
JRVR's decrease may signal investor concerns, potentially leading to further short-term depreciation.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Lemonade shares decreased by 4.24% to $16.5, with a market cap of $1.2 billion.
LMND's decline could reflect investor skepticism, possibly leading to further short-term losses.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Maiden Hldgs stock declined by 4.23% to $1.36, with a market cap of $142.6 million. The Q4 earnings report was released 2 days ago.
MHLD's decline following its Q4 earnings suggests the market's negative reaction to the report, indicating potential further short-term downside.
CONFIDENCE 95
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Crawford stock rose 1.49% to $8.14 and also saw a 1.02% increase to $7.89, indicating positive market activity.
The dual listing of CRD showing gains suggests strong investor confidence, likely leading to continued short-term growth.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Kingsway Financial Servs stock increased by 0.82% to $8.6, with a market cap of $239.8 million.
KFS's gain, though modest, indicates a positive trend that could lead to further short-term appreciation.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 80
POSITIVE IMPACT
Kingstone Companies shares rose 3.32% to $3.94, with a market cap of $41.7 million.
The rise in KINS shares indicates positive investor sentiment, potentially leading to short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Reliance Global Group shares moved upwards by 1.92% to $0.37, with a market cap of $1.8 million.
RELI's upward movement could attract more investors, potentially boosting its short-term price.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 80
POSITIVE IMPACT
Tian Ruixiang Holdings stock increased by 2.49% to $0.55, with a market cap of $1.7 million.
TIRX's increase suggests a positive outlook, possibly leading to further short-term gains.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 80