Streetbeat News

ROOT

Root, Inc.

https://joinroot.com

Industry

Insurance - Property & Casualty

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.

Open

90.34

Mkt cap

1.4B

Volume

571K

High

97.75

P/E Ratio

-83.23

52-wk high

118.15

Low

86.58

Div yield

N/A

52-wk low

7.22

In Monday's intraday session, insurance stocks saw movement with Oxbridge Re Holdings (OXBR), Cheche Group (CCG), Tian Ruixiang Holdings (TIRX), Universal Insurance Hldgs (UVE), American Coastal (ACIC), and GoHealth (GOCO) recording gains, while FG Finl Gr (FGFPP), Conifer Holdings (CNFRZ), Marpai (MRAI), Fanhua (FANH), Kingstone Companies (KINS), and Root (ROOT) experienced losses. The volume of shares traded for all mentioned companies was reported to be 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 5:40 pm

In Friday's intraday session, insurance stocks saw movement with Root, Fanhua, James River Group Holdings, Skyward Specialty, Crawford, and Hippo Holdings experiencing gains, while Reliance Global Group, Hallmark Financial Services, Tian Ruixiang Holdings, Marpai, FG Financial Group, and Cheche Group faced losses. The gains and losses were not accompanied by significant changes in trading volume, which remained at 0% of the average full-day volume over the last 100 days for all mentioned stocks.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 5:40 pm

In Thursday's intraday session, insurance stocks saw significant movement. Marpai (MRAI) surged 101.61% after its Q3 earnings report. Huize Holding (HUIZ), Cheche Group (CCG), FG Finl Gr (FGFPP), Abacus Life (ABL), and Global Indemnity Group (GBLI) also saw gains. Conversely, GoHealth (GOCO), Maiden Hldgs (MHLD), Lemonade (LMND), Root (ROOT), Maiden Holdings, Ltd. 6.625% Notes due 2046 (MHLA), and Reliance Global Group (RELI) experienced declines.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:40 pm

In Wednesday's intraday session, several insurance stocks experienced notable movements. Tian Ruixiang Holdings (TIRX), Huize Holding (HUIZ), Heritage Insurance Holdings (HRTG), Root (ROOT), Lemonade (LMND), and Oscar Health (OSCR) were among the gainers, with increases ranging from 4.38% to 7.29%. On the losing side, Marpai (MRAI), Maiden Holdings (MHLD), Maiden Holdings 6.625% Notes due 2046 (MHLA), Crawford (CRD), and Kinsale Capital Group (KNSL) saw declines between 2.62% and 4.02%. Volume traded for these stocks varied, with some trading above and others below their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:40 pm

In Monday's intraday session, insurance stocks saw movement with Waterdrop, Hippo Holdings, Goosehead Insurance, Citizens, Genworth Financial, and Root experiencing gains, while Reliance Global Group, Abacus Life, Fanhua, American Coastal, GoHealth, and FG Financial Group faced declines. The movements were attributed to trading volumes and recent Q3 earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:40 pm

Insurance stocks saw significant movement in Friday's intraday session. Gainers included Hippo Holdings (HIPO), Trupanion (TRUP), Heritage Insurance Hldgs (HRTG), Lemonade (LMND), Waterdrop (WDH), and Oscar Health (OSCR). Losers included SelectQuote (SLQT), Marpai (MRAI), Conifer Holdings (CNFR), Fanhua (FANH), Root (ROOT), and Progressive (PGR). Most of the companies recently released their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:40 pm

Insurance stocks showed mixed performance in Thursday's intraday session. Gainers included Root (NASDAQ:ROOT), Tiptree (NASDAQ:TIPT), Hippo Holdings (NYSE:HIPO), Palomar Hldgs (NASDAQ:PLMR), Trupanion (NASDAQ:TRUP), and SelectQuote (NYSE:SLQT). Losers included Markel Group (NYSE:MKL), Axis Capital Holdings (NYSE:AXS), RenaissanceRe Holdings (NYSE:RNR), United Fire Gr (NASDAQ:UFCS), FG Finl Gr (NASDAQ:FGF), and Everest Group (NYSE:EG). Most companies recently released their Q3 earnings.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:40 pm

Root Inc. reported better-than-expected Q3 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:44 pm

Root Inc. (NASDAQ:ROOT) reported Q3 losses of $3.16 per share, missing the analyst consensus estimate of $2.79 by 13.26%. However, the company's quarterly sales of $115.30 million beat the analyst consensus estimate of $76.42 million by 50.88%. This represents a 56.45% increase over sales from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 01, 2023 | 9:39 pm

Root Inc. (NASDAQ:ROOT) is set to report its Q3 2023 results. The company's total revenues for the quarter are $115.3M, with an EPS of $(3.16).

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:35 pm

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