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US Senate Grills UnitedHealth CEO Over Cyberattack Fallout, Ransom Payment
2024 May 01, 3:52pm | 573UnitedHealth Group Inc’s (NYSE:UNH) CEO reassured a U.S. Senate panel that the company’s recent troubles do not threaten the broader economy. CEO Andrew Witty made these remarks in response to concerns raised by senators regarding the potential systemic risk stemming from the size of...
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Root Stock Rips Higher Following Q1 Earnings: The Details
2024 Apr 30, 5:25pm | 334Root Inc (NASDAQ:ROOT) shares are rising in Tuesday’s after-hours session after the company reported better-than-expected financial results for the first quarter. Q1 Revenue: $254.9 million versus estimates of $204.28 million Q1 EPS: Loss of 42 cents versus estimates for loss of $2.48...
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Short Seller Targets Primerica Stock Claiming Agents Are Engaged In Deceptive Behavior, Shares Sink
2024 Apr 18, 12:02pm | 503Primerica, Inc. (NYSE:PRI) shares have turned lower Thursday after the Bear Cave issued a fresh short report on the stock. What Happened: Short-selling firm the Bear Cave has targeted Primerica stock in a new bearish report claiming the company’s highest-producing agents are engaged in...
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This CNO Financial Group Analyst Is Turning Bullish: Health, Life Products Exhibit 'Consistent Profitability'
2024 Apr 16, 10:59am | 322CNO Financial Group Inc (NYSE: CNO) and other financial stocks have been in focus after some of the sector’s biggest banks reported first-quarter results. While the stock has underperformed the broader life insurance group so far this year, its attractiveness is boosted by the “...
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UnitedHealth, Humana, CVS Shares Are Sliding Monday: What's Going On?
2024 Apr 01, 5:00pm | 422Shares of several medicare insurers including UnitedHealth Group Inc (NYSE: UNH), Humana Inc (NYSE: HUM) and CVS Health Corp (NYSE: CVS) are trading lower in Monday’s after-hours session after the Centers for Medicare & Medicaid...
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Alarming Rise In Home Insurance Costs Expected To Continue Into 2024: Insurance Stock ETF Soars To All-Time Highs
2024 Apr 01, 11:57am | 949The shadow of escalating home insurance rates looms over American homeowners. A recent report by Insurify paints a worrying picture: a projected 6% increase in rates following a significant 19.8% hike over the past two years, pushing the average annual premium to $2,522 this year. States battered...
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Molina Healthcare's Downgrade Tied To Potential Trump Presidency, Margin Challenges
2024 Apr 01, 11:22am | 310Shares of Molina Healthcare Inc (NYSE: MOH) added over 5% last month and showed signs of being overbought. The company is poised to witness rate pressure in 2025, following a period of elevated margins, according to BofA Securities. The Molina Healthcare Analyst: Kevin Fischbeck downgraded the...
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Baltimore Bridge Collapse: Insurers Brace For Possible Historic $4B Payout — Way Bigger Than 2012 Costa Concordia Disaster
2024 Mar 28, 8:42am | 740The catastrophic collapse of Baltimore’s Francis Scott Key Bridge, struck by a Singapore-flagged container ship, could trigger a massive insurance payout, potentially reaching a staggering $4 billion. Surpassing Previous Record: This incident, which tragically left six people...
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Brown & Brown Rallied 14% After Earnings But Growth Could Decelerate, Analyst Says
2024 Mar 13, 2:59pm | 269Shares of Brown & Brown, Inc. (NYSE: BRO) have been on an uptrend, after the company announced a new revenue target for fiscal 2024. The stock has rallied around 14%, after the company announced its earnings on Jan. 22, outperforming large-cap broker peers and S&P 500 each up +7%, which has...
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Your Car Might Be Secretly Recording Your Driving Habits And Sending The Data To Your Insurance Company: Report
2024 Mar 12, 3:10am | 591The driving data of millions of Americans is being shared with insurance companies by automakers and data brokers, leading to increased insurance premiums for some drivers. What Happened: Internet-connected vehicles, including the Chevrolet Bolt, are capable of tracking driving patterns such as...
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