Mercury General (NYSE:MCY) Stock, Quote.Headers.trade-ideas

Mercury General

Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance and provides related property and casualty insurance products. The Company offers the following types of automobile coverage: collision, property damage, bodily injury ("BI"), comprehensive, personal injury protection ("PIP"), underinsured and uninsured motorist, and other hazards. The Company offers the following types of homeowners coverage: dwelling, liability, personal property, and other coverages.

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Equities

Events

The Park Fire Rages On: Which Companies Could Be Affected By California&#39;s Fourth-Largest Wildfire Ever?

Earnings

News

Upgrades

Markets

Analyst Ratings

Trading Ideas

Investors might want to bet on Mercury General (NYSE: MCY), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

Mercury General Upgraded to Strong Buy: What Does It Mean for the Stock?

Small Cap

PLMR

Prudential Financial, Inc.&#39;s (NYSE: PRU) shares have rallied 25.9% in a year compared with the industry&#39;s growth of 14.7%. The Finance sector and the Zacks S&amp;P 500 composite have risen 17.4% and 24.1%, respectively, in the same time frame.

Prudential Financial Up 25.9% in a Year: More Room to Run?

Mercury General Corp

WIIM

Mercury General shares are trading higher after the company reported better-than-expected Q3 financial results.

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly earnings of $2.54 per share which beat the analyst consensus estimate of $1.70 by 49.41 percent. The company reported quarterly sales of $1.53 billion which beat the analyst consensus estimate of $1.37 billion by 11.85 percent. This is a 43.66 percent increase over sales of $1.06 billion the same period last year.

Earnings Beats

Mercury General Q3 2024 Adj EPS $2.54 Beats $1.70 Estimate, Sales $1.53B Beat $1.37B Estimate

California has faced numerous wildfires in recent memory as <a href="https://www.benzinga.com/topic/climate-change">climate change-induced weather</a> wreaks havoc on the Golden State. Which companies could be affected by the <a href="https://www.benzinga.com/markets/equities/24/08/40112086/august-heat-wave-grips-us-12-stocks-to-watch-as-blistering-temperatures-affect-nearly-150-millio">ongoing Park Fire</a> in Northern California?
Park Fire Rundown: The Park fire, the largest wildfire currently burning in the U.S., has ravaged over 426,000 acres in Northern California, particularly within Lassen National Forest, according <a href="https://www.nytimes.com/2024/08/08/us/park-fire-california.html?partner=slack&amp;smid=sl-share">to</a> the New York Times.
The fire, ignited by an arson attack on July 24 near Chico in Butte County, has destroyed hundreds of homes and structures and was 34% contained as of Wednesday. 
The fire spread rapidly due to hot, dry conditions and dense vegetation. Due to the region&#8217;s rugged terrain, firefighters face difficulties in managing the fire. This fire has become the fourth largest in California history and could surpass the third-largest Mendocino Complex fire.
Experts attribute its intensity to climate change&#8217;s impact on California&#8217;s weather conditions. The hotter, drier climate extended and worsened wildfire seasons.
The fire is in a similar region to the deadly 2018 Camp Fire in Butte County.
Market Implications: California wildfires can negatively affect several companies, including those in the insurance, utilities and logistics industries.
Hanover Insurance Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) and Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) each took hits in the aftermath of the 2018 Camp Fire.
It is unclear what PG&amp;E Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) exposure is to the Park Fire. The utility provider, which supplies electricity to the region, <a href="https://krcrtv.com/news/local/pge-restores-power-to-over-2000-customers-affected-by-the-park-fire">confirmed</a> that it left some customers without power. A failure in PG&amp;E&#8217;s electrical infrastructure caused the 2018 Camp Fire; the company <a href="https://www.benzinga.com/news/20/06/16327971/pg-e-bankruptcy-plan-gets-court-approval">later pleaded guilty</a> to the deaths of 84 victims of the fire.
Water utility firm California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) operates in Chico and nearby Oroville.
Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) seemingly <a href="https://www.up.com/aboutup/reference/maps/system_map/index.htm">operates</a> railway lines close to the site of the fire. The lines connect Sacramento to the Pacific Northwest and Reno, Nevada.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/08/40224567/as-tropical-storm-debby-hits-south-carolina-bettors-predict-an-aggressive-hurricane-season-will-it-b">As Tropical Storm Debby Hits South Carolina, Bettors Predict An Aggressive Hurricane Season: Will It Be The Worst Ever?</a></li>
</ul>

The Park Fire Rages On: Which Companies Could Be Affected By California's Fourth-Largest Wildfire Ever?

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.80 by 41.25 percent. The company reported quarterly sales of $1.24 billion which missed the analyst consensus estimate of $1.33 billion by 6.56 percent. This is a 14.50 percent increase over sales of $1.08 billion the same period last year.

Earnings Misses

Mercury General Q2 2024 Adj EPS $1.13 Beats $0.80 Estimate, Sales $1.24B Miss $1.33B Estimate

Investors might want to bet on Mercury General (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company&#39;s changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Mercury General is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Mercury General, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for Mercury General
For the fiscal year ending December 2024, this auto insurance company is expected to earn $3.44 per share, which is a change of 1046.7% from the year-ago reported number.
Analysts have been steadily raising their estimates for Mercury General. Over the past three months, the Zacks Consensus Estimate for the company has increased 18.6%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Mercury General to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2286829/mercury-general-mcy-upgraded-to-strong-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2286829">To read this article on Zacks.com click here.</a>

Mercury General shares are trading higher after the company reported better-than-expected Q1 financial results.

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly Adj earnings of $0.78 per share which beat the analyst consensus estimate of $0.12 by 550 percent. The company reported quarterly sales of $1.274 billion which beat the analyst consensus estimate of $1.236 billion by 3.11 percent. This is a 15.09 percent increase over sales of $1.107 billion the same period last year.

Mercury General Q1 2024 Adj EPS $0.78 Beats $0.12 Estimate, Sales $1.274B Beat $1.236B Estimate

Prudential Financial, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pru#NYSE">PRU</a>) shares have rallied 25.9% in a year compared with the industry&#39;s growth of 14.7%. The Finance sector and the Zacks S&amp;P 500 composite have risen 17.4% and 24.1%, respectively, in the same time frame.
With a market capitalization of $39.42 billion, the average volume of shares traded in the last three months was 1.56 million.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/64995.jpg?v=321114718" /> 
Image Source: Zacks Investment Research
The rally was largely driven by the growing pension risk transfer (PRT) market, higher emerging markets earnings, expanding distribution, product offerings, improved spread income, strategic acquisitions and a solid financial position. 
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.07% and 0.2% north, respectively, in the past seven days, reflecting analysts&#39; optimism on the stock.
<h3>Will the Bull Run Continue?</h3>
The Zacks Consensus Estimate for PRU&#39;s 2024 earnings per share indicates a year-over-year increase of 15.3% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $55.57 billion, implying a year-over-year improvement of 9.1% from the consensus mark of 2023. 
The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 8.3% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $57.19 billion, implying a year-over-year improvement of 2.9% from the consensus mark of 2024. 
In 2023, Prudential Financial&#39;s return on equity of 16% expanded 120 basis points year over year. This shows the company&#39;s efficiency in managing shareholders&#39; funds. 
This Zacks Rank #3 (Hold) multi-line insurer&#39;s International businesses are expected to gain from higher emerging markets earnings, a favorable impact from annual assumption update and other refinements. It aims at providing high-quality service and expanding distribution and product offerings via a differentiated multi-channel distribution model as well as other businesses. 
The U.S. businesses should continue to gain from a favorable and comparable impact from annual assumption update, higher spread income and more favorable underwriting. 
Prudential Financial has been a leader in the PRT market, helping companies reduce risks related to pension liabilities, such as interest rate risk, earnings volatility and participant longevity. PRU recently announced that it has been selected for a PRT transaction from Verizon Communications Inc. This move bodes well for the insurer&#39;s Retirement Strategies business, whose market is expected to grow over time. 
The multi-line insurer continues to invest in partnerships that enable it to grow in emerging markets. PRU undertakes several strategic initiatives, which poise it well for long-term growth. It continues to invest in the long-term sustainable growth of the business through programmatic acquisitions and partnerships in emerging markets to build scale and complement businesses in support of long-term growth. 
Prudential Financial boasts a sturdy balance sheet strength that includes highly liquid assets of $4.5 billion as of Dec 31, 2023 and a capital position that continues to support an AA financial strength rating. The company continues to balance investments in the growth of businesses with returning capital to shareholders. 
The multi-line insurer has been increasing its dividend for the past 15 years. Its dividend yield of 4.7% compares favorably with the industry&#39;s figure of 2.6%. In the first quarter of 2024, the board also authorized a 4% dividend increase, which represents the 16th consecutive annual dividend increase.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the insurance industry are HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>), Palomar Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) and Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. 
HCI Group has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 522.51%. In the past year, shares of HCI have surged 114.4%. 
The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies year-over-year growth of 37.9% and 11.6%, respectively, from the consensus estimate of the corresponding years. 
Palomar Holdings has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 11.12%. In the past year, shares of PLMR have soared 38.6%. 
The Zacks Consensus Estimate for PLMR&#39;s 2024 and 2025 earnings implies year-over-year growth of 16.2% and 18%, respectively, from the consensus estimate of the corresponding years. 
Mercury General has a solid track record of beating earnings estimates in three of the trailing four quarters and missed in one, the average being 3,417.48%. In the past year, shares of MCY have rallied 68.4%. 
The Zacks Consensus Estimate for MCY&#39;s 2024 and 2025 earnings implies year-over-year growth of 866.67% and 34.48%, respectively, from the consensus estimate of the corresponding years.
<a href="https://www.zacks.com/stock/news/2255026/prudential-financial-pru-up-25-9-in-a-year-more-room-to-run?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2255026">To read this article on Zacks.com click here.</a>

U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday.
Shares of CarMax, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmx#NYSE">KMX</a>) fell sharply in today&rsquo;s pre-market trading after the company reported lower-than-expected <a href="https://www.benzinga.com/quote/KMX/earnings">fourth-quarter earnings</a>.
<ul>
<li>CarMax posted quarterly earnings of 32 cents per share, missing market estimates of 49 cents per share. The company&rsquo;s quarterly sales came in at $5.63 billion versus expectations of $5.79 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</li>
<li>CarMax shares dipped 9.1% to $72.06 in pre-market trading.</li>
<li>Here are some big stocks recording losses in today&rsquo;s pre-market trading session.</li>
<li>The Lovesac Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/love#NASDAQ">LOVE</a>) shares fell 13% to $20.30 in pre-market trading after the company reported worse-than-expected fourth-quarter results and issued first-quarter guidance.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares dipped 12.4% to $9.30 in pre-market trading.</li>
<li>AVITA Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) shares fell 11.6% to $12.76 in pre-market trading after the company announced an update to its expected commercial revenue for the first quarter of 2024. BTIG downgraded the stock from Buy to Neutral.</li>
<li>DigiAsia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/faas#NASDAQ">FAAS</a>) shares fell 7.1% to $8.11 in pre-market trading after jumping around 19% on Wednesday.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) shares declined 6.2% to $6.00 in pre-market trading after gaining over 6% on Wednesday.</li>
<li>Grifols, S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grfs#NASDAQ">GRFS</a>) shares fell 5% to $6.62 in pre-market trading.</li>
<li>Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) shares declined 5.1% to $70.90 in pre-market trading following worse-than-expected first-quarter financial results.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) fell 4.5% to $49.00 in pre-market trading. Mercury General is expected to report first-quarter earnings after the markets close on Tuesday, April 30, 2024.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Pre-Market Outlook

Movers

FAAS

FAST

GRFS

LOVE

NBTX

NYXH

RCEL

CarMax Reports Downbeat Earnings, Joins Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares moved upwards by 5.26% to $0.74 during Wednesday's regular session. Huize Holding's stock is trading at a volume of 10.0K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $35.9 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock moved upwards by 2.07% to $5.4. The current volume of 3.5K shares is 0% of Fanhua's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $334.7 million. </li>
<li>Tiptree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIPT#NASDAQ">TIPT</a>) stock rose 1.9% to $17.09. As of 12:40 EST, this security is trading at a volume of 16.9K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $616.2 million. </li>
<li>Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) stock moved upwards by 1.88% to $1.08. As of 12:40 EST, Waterdrop's stock is trading at a volume of 141.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $385.5 million. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock increased by 1.81% to $5.06. As of 12:40 EST, Cheche Group's stock is trading at a volume of 38.1K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $373.4 million. </li>
<li>Assured Guaranty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGO#NYSE">AGO</a>) shares moved upwards by 1.72% to $85.01. As of 12:40 EST, Assured Guaranty's stock is trading at a volume of 75.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $4.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SiriusPoint (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPNT#NYSE">SPNT</a>) shares fell 7.42% to $11.37 during Wednesday's regular session. The current volume of 465.6K shares is 0% of SiriusPoint's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $2.0 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock fell 5.48% to $16.92. The current volume of 573.4K shares is 0% of Lemonade's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $1.2 billion. </li>
<li>Skyward Specialty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKWD#NASDAQ">SKWD</a>) shares decreased by 4.79% to $33.01. As of 12:40 EST, Skyward Specialty's stock is trading at a volume of 262.6K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.3 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) stock decreased by 4.44% to $1.61. As of 12:40 EST, this security is trading at a volume of 208.1K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $272.0 million. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock declined by 4.4% to $10.48. Trading volume for this security as of 12:40 EST is 35.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $261.8 million. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) stock decreased by 3.45% to $49.02. As of 12:40 EST, Mercury General's stock is trading at a volume of 102.7K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FANH

HIPO

HUIZ

LMND

SKWD

SLQT

SPNT

TIPT

Insurance Stocks Moving In Wednesday's Intraday Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Tian Ruixiang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) shares moved upwards by 33.53% to $0.8 during Monday's regular session. The current volume of 7.7 million shares is 0% of Tian Ruixiang Holdings's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.3 million. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) shares rose 12.19% to $1.38. Trading volume for this security as of 12:40 EST is 174.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $11.9 million. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) stock moved upwards by 9.5% to $50.57. Mercury General's stock is trading at a volume of 556.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.8 billion. As per the press release, Q4 earnings came out 4 days ago. </li>
<li>Conifer Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) shares increased by 7.66% to $1.3. Trading volume for Conifer Holdings's stock is 1.6K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $10.3 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares moved upwards by 5.85% to $0.49. As of 12:40 EST, this security is trading at a volume of 196.1K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.4 million. </li>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGFPP#NASDAQ">FGFPP</a>) shares rose 4.72% to $18.85. Trading volume for FG Finl Gr's stock is 3.0K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>CNA Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) shares decreased by 5.84% to $44.43 during Monday's regular session. CNA Financial's stock is trading at a volume of 265.9K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $12.0 billion. </li>
<li>SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) stock declined by 4.95% to $1.73. The current volume of 820.0K shares is 0% of SelectQuote's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $283.9 million. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock declined by 4.68% to $10.6. As of 12:40 EST, this security is trading at a volume of 109.8K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $254.8 million. </li>
<li>Ambac Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) stock decreased by 4.32% to $15.64. Trading volume for this security as of 12:40 EST is 610.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $707.2 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock fell 3.71% to $5.2. As of 12:40 EST, Fanhua's stock is trading at a volume of 10.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $310.3 million. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock decreased by 3.43% to $1.69. As of 12:40 EST, this security is trading at a volume of 49.1K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $170.5 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMBC

CNFR

FGFPP

MHLD

MRAI

RELI

TIRX

Insurance Stocks Moving In Monday's Intraday Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock moved upwards by 13.0% to $1.39 during Friday's regular session. Marpai's stock is trading at a volume of 65.3K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $12.6 million. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) shares increased by 6.49% to $49.18. Trading volume for Mercury General's stock is 194.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.5 billion. As per the news, the Q4 earnings report came out 3 days ago. </li>
<li>American Coastal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) stock rose 2.99% to $13.12. As of 12:40 EST, this security is trading at a volume of 187.2K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $556.6 million. </li>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGF#NASDAQ">FGF</a>) stock increased by 2.25% to $1.34. As of 12:40 EST, this security is trading at a volume of 3.1K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $13.3 million. </li>
<li>Employers Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIG#NYSE">EIG</a>) stock rose 2.23% to $44.29. Trading volume for Employers Holdings's stock is 130.6K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Palomar Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLMR#NASDAQ">PLMR</a>) shares increased by 1.98% to $75.11. Trading volume for this security as of 12:40 EST is 171.6K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.8 billion. As per the news, the Q4 earnings report came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>CNA Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) shares fell 5.33% to $44.67 during Friday's regular session. The current volume of 151.6K shares is 0% of CNA Financial's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $11.9 billion. </li>
<li>GoHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOCO#NASDAQ">GOCO</a>) stock declined by 5.16% to $13.35. GoHealth's stock is trading at a volume of 5.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $125.0 million. </li>
<li>Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) stock fell 3.67% to $1.05. Trading volume for Waterdrop's stock is 90.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $419.8 million. </li>
<li>Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) stock declined by 2.86% to $1.02. Oxbridge Re Holdings's stock is trading at a volume of 41.9K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $5.5 million. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) shares declined by 2.81% to $1.7. Trading volume for Maiden Hldgs's stock is 35.9K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $176.6 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock decreased by 2.78% to $5.25. Trading volume for Fanhua's stock is 3.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $310.3 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACIC

GOCO

OXBR

Insurance Stocks Moving In Friday's Intraday Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock increased by 17.89% to $5.6 during Thursday's regular session. As of 12:40 EST, Cheche Group's stock is trading at a volume of 523.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $359.0 million. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) stock moved upwards by 8.45% to $46.48. Trading volume for Mercury General's stock is 239.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.3 billion. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGF#NASDAQ">FGF</a>) shares increased by 3.86% to $1.3. The current volume of 4.9K shares is 0% of FG Finl Gr's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $15.3 million. </li>
<li>Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) stock increased by 3.5% to $49.2. Trading volume for Brighthouse Finl's stock is 182.9K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $3.0 billion. As per the press release, Q4 earnings came out 3 days ago. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock increased by 3.26% to $0.47. Trading volume for Reliance Global Group's stock is 41.8K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.2 million. </li>
<li>Prudential Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) shares increased by 3.23% to $109.84. Trading volume for Prudential Financial's stock is 836.4K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $38.4 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Conifer Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) shares fell 8.34% to $1.21 during Thursday's regular session. Conifer Holdings's stock is trading at a volume of 189 shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $10.3 million. </li>
<li>Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) stock decreased by 6.82% to $1.02. As of 12:40 EST, Waterdrop's stock is trading at a volume of 113.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $419.8 million. </li>
<li>Investors Title (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITIC#NASDAQ">ITIC</a>) stock decreased by 6.39% to $151.09. Trading volume for this security as of 12:40 EST is 219, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $285.6 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock declined by 5.08% to $1.22. Trading volume for this security as of 12:40 EST is 15.8K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $11.9 million. </li>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) stock decreased by 4.61% to $0.72. As of 12:40 EST, Huize Holding's stock is trading at a volume of 13.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $34.0 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock declined by 2.77% to $5.28. Trading volume for this security as of 12:40 EST is 7.2K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $310.3 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Brighthouse Financial, Inc. - Common Stock

ITIC

Insurance Stocks Moving In Thursday's Intraday Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock increased by 107.54% to $6.6 during Wednesday's regular session. Trading volume for Cheche Group's stock is 7.2 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $513.7 million. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) stock moved upwards by 9.04% to $8.8. As of 12:40 EST, this security is trading at a volume of 60.6K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $117.9 million. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) stock increased by 8.27% to $43.71. Trading volume for Mercury General's stock is 163.9K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.4 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Investors Title (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITIC#NASDAQ">ITIC</a>) shares moved upwards by 7.55% to $162.5. As of 12:40 EST, this security is trading at a volume of 2.4K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $285.6 million. The company's, Q4 earnings came out yesterday. </li>
<li>SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares rose 6.71% to $1.59. The current volume of 530.9K shares is 0% of SelectQuote's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $253.4 million. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares moved upwards by 6.51% to $10.95. Hippo Holdings's stock is trading at a volume of 71.8K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $245.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) stock declined by 2.57% to $0.76 during Wednesday's regular session. The current volume of 20.4K shares is 0% of Huize Holding's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $34.0 million. </li>
<li>Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) shares fell 1.11% to $78.39. As of 12:40 EST, this security is trading at a volume of 629.9K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $18.8 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Enstar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGRP#NASDAQ">ESGRP</a>) shares declined by 1.05% to $25.16. As of 12:40 EST, Enstar Gr's stock is trading at a volume of 3.8K, which is 0% of its average full-day volume over the last 100 days. </li>
<li>Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFH#NYSE">PFH</a>) shares declined by 1.03% to $20.31. As of 12:40 EST, Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060's stock is trading at a volume of 14.9K, which is 0% of its average full-day volume over the last 100 days. </li>
<li>Enstar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGRO#NASDAQ">ESGRO</a>) shares declined by 0.93% to $24.73. Enstar Gr's stock is trading at a volume of 7.5K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. </li>
<li>Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) shares declined by 0.85% to $1.0. Trading volume for this security as of 12:40 EST is 914, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $5.5 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ESGRO

ESGRP

ROOT

Mercury General shares are trading higher after the company reported better-than-expected Q4 financial results.

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday.
Shares of Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) rose sharply during Wednesday&rsquo;s session after the company reported better-than-expected fourth-quarter results and issued <a href="https://www.benzinga.com/quote/CRL/earnings">guidance above estimates</a>.
Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company&rsquo;s quarterly sales came in at $1.01 billion versus expectations of $991.25 million.
Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) rose 7.2% to $236.00 on Wednesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) shares rose 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company&rsquo;s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.</li>
<li>Healthcare Services Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcsg#NASDAQ">HCSG</a>) rose 25.7% to $11.90 following upbeat earnings.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) surged 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.</li>
<li>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) climbed 22.2% to $2.97 following upbeat earnings.</li>
<li>CEVA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceva#NASDAQ">CEVA</a>) climbed 18.5% to $23.92 following upbeat earnings.</li>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gldd#NASDAQ">GLDD</a>) rose 17.1% to $9.47 following quarterly results.</li>
<li>Resideo Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rezi#NYSE">REZI</a>) jumped 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) rose 15.7% to $20.59 following better-than-expected quarterly results.</li>
<li>Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) shares climbed 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) rose 13.8% to $18.08 amid strength in Bitcoin.</li>
<li>United Fire Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufcs#NASDAQ">UFCS</a>) gained 13.5% to $24.32 following upbeat results.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) jumped 13.3% to $29.13 amid strength in Bitcoin.</li>
<li>Allison Transmission Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NASDAQ">ALSN</a>) climbed 13% to $69.53 after the company reported better-than-expected quarterly financial results.</li>
<li>MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) gained 12.1% to $11.64 following upbeat earnings.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) rose 11.5% to $156.50 amid strength in Bitcoin.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) gained 11.4% to $881.36.</li>
<li>Uber Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) gained 11.2% to $76.72 after the company announced an inaugural $7 billion share repurchase authorization.</li>
<li>Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) rose 10% to $16.98 amid strength in Bitcoin.</li>
<li>IQVIA Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iqv#NYSE">IQV</a>) gained 9.7% to $236.20 following upbeat results.</li>
<li>Zillow Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/z#NASDAQ">Z</a>) gained 9.6% to $59.06 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>WESCO International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcc#NYSE">WCC</a>) gained 9.6% to $145.32.</li>
<li>Tower Semiconductor Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsem#NASDAQ">TSEM</a>) climbed 8.5% to $31.07 following strong results.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) gained 6.6% to $43.02 following strong results.</li>
<li>DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) gained 6.4% to $120.91 following upbeat results.</li>
<li>IAC Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iac#NASDAQ">IAC</a>) rose 4.9% to $53.70 following upbeat earnings.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37126344/bitcoin-surpasses-51-000-stacks-emerges-as-top-gainer"> Bitcoin Surpasses $51,000; Stacks Emerges As Top Gainer</a>

Penny Stocks

Intraday Update

ALSN

ANGI

CEVA

CLSK

COIN

GLDD

HCSG

HOOD

KTOS

Larimar Therapeutics, Inc. - Common Stock

LRMR

LYFT

MARA

REZI

RIOT

SMCI

TSEM

UBER

UFCS

Charles River Laboratories International Posts Upbeat Results, Joins Robinhood, Zillow, Tower Semiconductor And Other Big Stocks Moving Higher On Wednesday

As of Feb. 14, 2024, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>)</h3>
<ul>
<li>On Feb. 13, Robinhood reported fourth-quarter revenue of $471 million, which was up 24% year-over-year. The revenue beat a Street consensus estimate of $456.8 million, according to data from Benzinga Pro. &quot;2023 was a strong year as our product velocity continued to accelerate, our trading market share increased, and we started to expand globally,&quot; Robinhood CEO Vlad Tenev said. The company&rsquo;s stock gained around 9% over the past five days and has a <a href="https://www.benzinga.com/quote/HOOD">52-week high of $13.51 </a>.</li>
<li>RSI Value: 70.43</li>
<li>HOOD Price Action: Shares of Robinhood fell 1.4% to close at $11.84 on Tuesday.</li>
</ul>
<h3>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>)</h3>
<ul>
<li>On Feb. 13, Mercury General posted upbeat quarterly results. The company&rsquo;s stock gained around 3% over the past five days and <a href="https://www.benzinga.com/quote/MCY"> has a 52-week high </a> of $41.90.</li>
<li>RSI Value: 71.79</li>
<li>MCY Price Action: Shares of Mercury General gained 0.1% to close at $40.37 on Tuesday.</li>
</ul>
<h3>Katapult Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kplt#NASDAQ">KPLT</a>)</h3>
<ul>
<li>On Feb. 1, Katapult Holdings said it sees preliminary fourth-quarter revenue of $58.0 million. The company&rsquo;s stock gained around 32% over the past month and has a <a href="https://www.benzinga.com/quote/KPLT"> 52-week high </a> of $26.50.</li>
<li>RSI Value: 71.00</li>
<li>KPLT Price Action: Shares of Katapult fell 3.7% to close at $13.95 on Tuesday.</li>
</ul>
<h3>American Express Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axp#NYSE">AXP</a>)</h3>
<ul>
<li>On Jan. 26, American Express said fiscal fourth-quarter revenue 2023 (net of interest expense) grew 11% year-on-year to $15.8 billion, missing the consensus of $16.0 billion. The company&rsquo;s stock jumped around 16% over the past month and has a 52-week high is $214.25.</li>
<li>RSI Value: 71.90</li>
<li>AXP Price Action: Shares of American Express fell 1.2% to close at $209.67 on Tuesday.</li>
</ul>
<h3>The Travelers Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>)</h3>
<ul>
<li>On Jan. 19, Travelers Companies reported record fourth-quarter earnings surpassing the analysts&rsquo; expectations. &ldquo;Core income, earnings per share, and return on equity were all record highs for the quarter, driven by both underwriting and investment results,&rdquo; chairman and CEO Alan Schnitzer commented. The company&rsquo;s stock jumped around 10% over the past month and <a href="https://www.benzinga.com/quote/TRV"> has a 52-week high </a> of $216.56.</li>
<li>RSI Value: 75.27</li>
<li>TRV Price Action: Shares of Travelers gained 0.6% to close at $215.95 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/37116775/kraft-heinz-lyft-and-3-stocks-to-watch-heading-into-wednesday"> Kraft Heinz, Lyft And 3 Stocks To Watch Heading Into Wednesday </a>

Short Ideas

KPLT

Top 5 Financial Stocks That May Crash In Q1

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported its Q4 earnings results on Tuesday, February 13, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Mercury General beat estimated earnings by 505.26%, reporting an EPS of $1.15 versus an estimate of $0.19.
Revenue was up $223.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $1.0 which was followed by a 21.6% increase in the share price the next day.
Here's a look at Mercury General's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>-0.48</td>
<td>-1.12</td>
<td>-0.36</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.14</td>
<td>-0.47</td>
<td>-1.52</td>
<td>-1.45</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.11B</td>
<td>1.05B</td>
<td>1.05B</td>
<td>1.06B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.06B</td>
<td>1.08B</td>
<td>1.11B</td>
<td>1.15B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Mercury General <a href="https://www.benzinga.com/quote/MCY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Mercury General: Q4 Earnings Insights

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $0.20 by 475 percent. The company reported quarterly sales of $1.38 billion which beat the analyst consensus estimate of $1.16 billion by 18.45 percent. This is a 19.36 percent increase over sales of $1.15 billion the same period last year.

Mercury General Q4 2023 Adj EPS $1.15 Beats $0.20 Estimate, Sales $1.38B Beat $1.16B Estimate

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Earnings Scheduled For February 13, 2024

Shares of The Allstate Corp. (ALL) have gained as much as 35% so far this year. Investors who've enjoyed this rally wonder if there is more room for further upside or if the stock peaked. Let's find out… The Allstate Corporation (<a href="https://stocknews.com/stock/ALL/">ALL</a>) has been on an impressive run this year, with its stock surging 35% year-to-date. This rise has caught the attention of many investors wondering if there's still room for further gains.
The company's impressive turnaround in the second quarter, transitioning from a net loss to solid profits, was largely driven by higher premiums, stronger underwriting, and fewer catastrophe-related losses. Its consolidated premiums written for the quarter were at $15.43 billion, reflecting a 12.4% increase year-over-year. At the same time, its catastrophe losses dropped to $2.12 billion, down from $2.70 billion.
Insurers often avoid the ups and downs in demand that plague other financial firms, thanks in part to the widespread use of employer-sponsored and government-mandated insurance policies. With the economy showing signs of a soft landing, markets have reached all-time highs in 2024, which is good news for insurers like Allstate as it boosts their investment income.
Tom Wilson, Allstate's CEO, highlighted that these strong results reflect the company's effective strategies, setting them up for continued success. ALL helped nearly 2 million customers in the last quarter by handling claims related to storms, accidents, and device breakages.
Shares of ALL have gained 36.9% over the past nine months and 66.9% over the past year, closing the last trading session at $188.69.
Now, let's look at factors that could influence ALL's performance in the upcoming months:
Solid Financial Performance
For the second quarter that ended on June 30, 2024, ALL reported total revenues of $15.71 billion, up 12.4% year-over-year and slightly above the analyst's estimate of $15.23 billion. Its property and casualty insurance premiums increased by 11.9% year-over-year to $13.95 billion. Net investment income grew 16.7% from the year-ago value to $712 million.
Further, the company's income from operations (before income tax expense) stood at $430 million versus a prior year's loss of $1.75 billion. ALL's non-GAAP net income amounted to $429 million and $1.61 per share, compared to an adjusted net loss of $1.16 billion and $4.42 per share in the same quarter last year. Additionally, its total investments increased to $70.60 billion as of June 30, 2024, compared to $66.68 billion as of December 31, 2023.
Favorable Analyst Estimates
The consensus revenue estimate of $15.67 billion for the fiscal third quarter (ending September 2024) represents an 8.1% increase year-over-year. The consensus <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> estimate of $3.25 for the current quarter indicates a 300.8% improvement year-over-year. The company has an excellent surprise history, surpassing the consensus revenue and EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's revenue is anticipated to grow 10.3% year-over-year to $62.97 billion, while its EPS is expected to increase significantly from the prior year period to $15.14.
In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 8.6% and 19.3% from the same period last year to $68.41 billion and $18.06, respectively.
Discounted Valuation
In terms of forward non-GAAP PEG, ALL is currently trading at 0.07x, 94.3% lower than the industry average of 1.29x. Likewise, its forward EV/Sales multiple of 0.94 is 69.8% lower than the industry average of 3.12x. In addition, the stock's 10.74x forward EV/EBIT ratio is 6% below the 11.43x industry average. Also, its forward Price/Sales multiple of 0.79 compares to the industry average of 2.86.
High Profitability
ALL's trailing-12-month ROCE of 19.32% is 86.8% higher than the 10.35% industry average. Similarly, the stock's 10.57% trailing-12-month ROTC is 52.4% above the 6.94% industry average. Further, its trailing-12-month asset turnover ratio of 0.58x compares to the industry average of 0.22x.
POWR Ratings Show Promise
ALL's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall B rating, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. ALL boasts an A grade for Growth, consistent with its solid financial performance in the last reported quarter.
The stock's A grade for Momentum is justified by its share price trading above its 50-day moving average of $180.80 and 200-day moving average of $165.39. Also, its 0.48 beta justifies its B grade for Stability.
ALL is ranked #7 out of 55 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry. <a href="https://stocknews.com/stock/ALL/">Click here</a> to access ALL's Value, Sentiment, and Quality ratings.
Bottom Line
ALL's strong financial performance in the second quarter shows that it's effectively carrying out its profit improvement plan and pushing forward with its Transformative Growth strategy. The company has seen a nice bump in investment income and lower catastrophe losses, which means it's doing well in managing risks and helping customers.
Plus, it has the financial flexibility and resources to support its future growth plans. With that in mind, it looks like there's still plenty of room for Allstate to keep growing, making it a solid choice for investors looking to capitalize on potential gains in the insurance sector.
How Does The Allstate Corporation (ALL) Stack Up Against Its Peers?
While ALL has an overall grade of B, equating to a Buy rating, you may also check out these other A (Strong Buy)-rated stocks within the <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry: Mercury General Corporation (<a href="https://stocknews.com/stock/MCY/">MCY</a>), Unipol Gruppo S.p.A. (<a href="https://stocknews.com/stock/UFGSY/">UFGSY</a>), and QBE Insurance Group Limited (<a href="https://stocknews.com/stock/QBIEY/">QBIEY</a>). To explore more Insurance - Property &amp; Casualty stocks, <a href="https://stocknews.com/category/property-casualty-insurance/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ALL shares were trading at $188.91 per share on Friday afternoon, up $0.22 (+0.12%). Year-to-date, ALL has gained 37.17%, versus a 21.50% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/all-mcy-ufgsy-qbiey-has-allstates-35-ytd-surge-left-room-for-further-upside/>Has Allstate's 35% YTD Surge Left Room for Further Upside?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Has Allstate's 35% YTD Surge Left Room for Further Upside?

Here are the major earnings after the close today

Reports Q3 revenue $1.53B vs. $1.065B last year. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne...

Mercury General reports Q3 operating EPS $2.54 vs. $1.14 last year

Mercury General Non-GAAP EPS of $2.54 beats by $1.39, revenue of $1.53B beats by $160M

Mercury General declares $0.3175 dividend

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS – Reddit (RDDT)&nbsp;up 24.0% S...

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