Prudential (NYSE:PUK) Stock

Prudential

Originally established as Prudential Mutual Assurance, Investment, and Loan Association in 1848, Prudential plc has moved on a lot since then. Set up to sell life insurance and loans to the middle and then the industrializing and urbanizing working classes, the company subsequently diversified into Europe and then North America with the purchase of Jackson National Life in around 1985. During its time as owner of Jackson, Prudential focused on building out a simple chassis-style product portfolio where customers could choose a variety of add-ons. The company also became renowned for its focus on building requisite internal capabilities to support its strong product offerings, including compelling technology and a large and well-trained sales personnel.

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Gilead Sciences, Upstart, Mercury General, Confluent And Other Big Stocks Moving Higher On Wednesday

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Prudential plc launched a $2 billion share buyback program, aiming to complete it by mid-2026. CEO expects further cash returns to shareholders.

Prudential Pays Out: New $2B Stock Buyback Program Sweetens The Pot For Investors

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Medifast Reports Mixed Results, Joins Coursera, Chegg And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

Prudential Public Limited Company Common Stock

Prudential PLC

U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday.
Shares of Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and issued FY25 adjusted EPS <a href="https://in.benzinga.com/general/health-care/25/02/43643001/gilead-sciences-shares-push-higher-after-q4-report-heres-why">guidance above estimates</a>.
Gilead Sciences reported quarterly earnings of $1.90 per share which beat the analyst consensus estimate of $1.70. Quarterly revenue came in at $7.56 billion which beat the analyst consensus estimate of $7.13 billion and is an increase over revenue of $7.11 billion from the same period last year.
Gilead Sciences shares jumped 8.1% to $103.88 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) shares jumped 30.7% to $88.07 after the company reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates. Multiple analysts upgraded the stock following the report.</li>
<li>AnaptysBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANAB#NASDAQ">ANAB</a>) rose 19.6% to $14.82 after the company announced statistically significant week 12 data from the Phase 2b trial of rosnilimab in moderate-to-severe rheumatoid arthritis.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) gained 17.4% to $58.80 after the company reported quarterly financial results. Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $70 to $80.</li>
<li>EHang Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) rose 16.5% to $24.13.</li>
<li>Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) gained 15.5% to $34.78 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Angi Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) surged 15% to $1.9850 following better-than-expected fourth-quarter sales and a year-over-year increase in EPS results.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) climbed 14.6% to $63.05 after the company reported quarterly earnings and revenue above estimates.</li>
<li>Calumet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>) gained 13.3% to $18.00.</li>
<li>The Chefs&#8217; Warehouse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>) gained 11.3% to $60.69 following better-than-expected quarterly reported financial results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) surged 9.2% to $28.05 following a fourth-quarter adjusted EPS and revenue beat.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) gained 9.2% to $2.50.</li>
<li>VNET Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) rose 8.5% to $10.82.</li>
<li>CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>) gained 8.4% to $42.95  after the company reported better-than-expected quarterly financial results and Barclays raised its price target on the stock from $55 to $56.</li>
<li>Prudential plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) gained 6.1% to $18.10.</li>
<li>IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) surged 5.6% to $43.31 following strong quarterly sales.</li>
</ul>
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Shares of health insurers are trading lower in sympathy with UnitedHealth, which reported Q3 financial results and lowered the upper end range of annual EPS outlook.

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Shares of companies within the broader financial sector are trading lower amid overall market weakness as investors react to jobs data.

Prudential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) reported quarterly earnings of $0.04 per share. This is a 87.25 percent decrease over earnings of $0.34 per share from the same period last year. The company reported $4.96 billion in sales this quarter. This is a 8.06 percent increase over sales of $4.59 billion the same period last year.

Earnings

Prudential H1 EPS $0.04 Down From $0.34 YoY, Sales $4.96B Up From $4.59B YoY

Prudential plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) shares are trading higher after the company launched a share buyback program worth $2 <a target="_blank" href="https://www.prudentialplc.com/en/news-and-insights/all-news/news-releases/2024/23-06-2024a" rel="noreferrer noopener">billion</a>.
The company expects to complete the share buyback no later than mid-2026.
CEO Anil Wadhwani, said, &#8220;Progress towards our financial objectives will increase the potential for further cash returns to shareholders. Our dividend policy remains unchanged, with the Board continuing to expect the 2024 annual dividend to grow in the range of 7-9 per cent.&#8221;
&#8220;Our outperformance in H1 2023 when the border between Hong Kong and the Chinese Mainland reopened results in a strong comparator for H1 2024. Q2 2024 APE sales trends are similar to those in Q1 2024.&#8221;
The terms of the proposed share buyback program will align with the shareholder approval obtained at the 2024 Annual General Meeting (AGM), and subsequently with any similar approval sought at the 2025 AGM.
Based on the current risk profile and applicable capital regulations across business units, the company aims to maintain a free surplus ratio between 175% and 200%. As of the end of 2023, Prudential&#8217;s free surplus ratio stood at 242%.
The company generated an operating free surplus generated from in-force insurance and <a target="_blank" href="https://www.benzinga.com//node/37852857" rel="noreferrer noopener">asset management business of&nbsp;$2.74 billion</a>.
Prudential plc anticipates releasing its half-year results for 2024 on <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">Wednesday, August 28, 2024</a>.
Price Action: PUK shares are up 7.97% at $19.45 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock/ bangoland

Prudential shares are trading higher after the company announced a $2 billion buyback.

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Shares of financial stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.

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Shares of stocks within the broader financial sector are trading lower following earlier economic data. Also, the sector may be moving ahead of the upcoming Fed decision.

U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.1% on Tuesday.
Shares of Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) fell sharply in today's pre-market trading after the company <a href="https://www.benzinga.com/quote/MED/earnings">reported mixed first-quarter financial results.</a>
Medifast posted adjusted earnings of 66 cents per share, missing market estimates of 78 cents per share. The company's quarterly sales came in at $174.739 million versus expectations of $168.900 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Medifast shares tumbled 15.6% to $29.95 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares dipped 12.7% to $10.37 in pre-market trading after the company reported mixed first-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares declined 12.1% to $6.30 in pre-market trading after the company posted first-quarter results and named Nathan Shultz as CEO.</li>
<li>ADC Therapeutics SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NASDAQ">ADCT</a>) fell 6.7% to $4.20 in pre-market trading. The company, earlier during the month, announced the completion of dose escalation in LOTIS-7, a Phase 1b open-label clinical trial evaluating ZYNLONTA in combination with glofitamab or mosunetuzumab in heavily pre-treated patients with relapsed/refractory B-cell non-Hodgkin lymphoma.</li>
<li>Mesoblast Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) shares declined 5.7% to $6.69 in pre-market trading.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) shares fell 5.7% to $4.63 in pre-market trading.</li>
<li>Prudential plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) slipped 5.1% to $17.84 in pre-market trading. Prudential, last month, reported worse-than-expected FY 2023 revenues and earnings.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares declined 5.1% to $38.00 in pre-market trading. Yum China posted upbeat earnings for its first quarter, while sales missed expectations.</li>
<li>Sibanye Stillwater Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSW#NYSE">SBSW</a>) shares fell 5% to $4.82 in pre-market trading.</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) shares declined 4.1% to $58.01 in pre-market trading following first-quarter results.</li>
</ul>
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Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Medifast Reports Mixed Results, Joins Coursera, Chegg And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Prudential plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>)&nbsp;shares are trading lower after the company&nbsp;<a target="_blank" href="https://www.prudentialplc.com/en/news-and-insights/all-news/news-releases/2024/20-03-2024" rel="noreferrer noopener">reported&nbsp;</a>FY 2023 results.
Insurance revenue was $9.371 billion versus $8.549 billion a year ago. New business profit rose 45% on CER basis (+43% AER basis) to $3.125 billion in the year.&nbsp;
Excluding interest rates and other economic movement effects, new business profit increased 47% Y/Y (+45% Y/Y) in the year.
Adjusted operating profit rose 8% (+6% Y/Y) to $2.893 billion. Operating free surplus generated from in-force insurance and asset management business stood at $2.74 billion (2022: $2.76 billion).
EPS was $0.619 versus a <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">loss of $(0.368) a year ago.</a>
The company declared second interim dividend of 14.21 cents per share and 20.47 cents per share for the full year, up 9% Y/Y.
Anil Wadhwani, CEO, said, &#8220;It has been six months since the launch of our new strategy and it&#8217;s highly encouraging to see the early progress on our strategic objectives of improving our customer experience, driving technology powered distribution and transforming our business model in Health.&#8221;
&#8220;We delivered an excellent financial and operational performance in 2023 and deployed increased levels of capital in new business, enhancing core capabilities and expanding distribution. Sales growth has continued in the first two months of 2024.&#8221;
Price Action: PUK shares are down 5.14% at $18.99 on the last check Wednesday.
Photo via Shutterstock

Dividends

What's Going On With Prudential plc Shares Today?

Prudential shares are trading lower after the company reported worse-than-expected FY 2023 revenues and earnings.

Prudential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.75 by 17.47 percent. The company reported quarterly sales of $9.371 billion which missed the analyst consensus estimate of $27.360 billion by 65.75 percent. This is a 9.62 percent increase over sales of $8.549 billion the same period last year.

Earnings Misses

Prudential Earlier Reported FY 2023 GAAP EPS $0.62 Misses $0.75 Estimate, Sales $9.371B Miss $27.360B Estimate

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Shares of several companies in the broader financial sector are trading lower after January CPI data showed a greater-than-expected rise in inflation, which increased uncertainty surrounding future rate cuts.

<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>) shares rose 10.71% to $1.24 during Friday's regular session. The current volume of 161.7K shares is 0% of Marpai'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 $10.4 million. </li>
<li>SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares increased by 6.77% to $1.26. SelectQuote's stock is trading at a volume of 637.0K 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 $201.2 million. As per the press release, Q2 earnings came out 2 days ago. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) shares rose 4.85% to $3.67. As of 12:40 EST, Cheche Group's stock is trading at a volume of 14.7K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $331.9 million. </li>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares moved upwards by 3.8% to $0.69. As of 12:40 EST, Huize Holding's stock is trading at a volume of 6.9K, 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>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares moved upwards by 3.74% to $9.7. As of 12:40 EST, this security is trading at a volume of 71.8K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $223.3 million. </li>
<li>BRP Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRP#NASDAQ">BRP</a>) stock moved upwards by 3.23% to $23.94. As of 12:40 EST, BRP Group's stock is trading at a volume of 65.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.4 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Prudential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) stock declined by 2.84% to $20.41 during Friday's regular session. The current volume of 309.0K shares is 0% of Prudential'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 $28.3 billion. </li>
<li>Prudential Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) stock fell 2.57% to $105.82. Trading volume for this security as of 12:40 EST is 909.2K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $38.9 billion. As per the press release, Q4 earnings came out 3 days ago. </li>
<li>Abacus Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABLLL#NASDAQ">ABLLL</a>) shares decreased by 2.15% to $25.0. Trading volume for Abacus Life's stock is 14.6K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock decreased by 2.09% to $0.47. Reliance Global Group's stock is trading at a volume of 20.0K 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 $2.3 million. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares decreased by 1.56% to $7.28. Trading volume for this security as of 12:40 EST is 26.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $105.8 million. </li>
<li>Abacus Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) stock declined by 1.46% to $12.17. Trading volume for this security as of 12:40 EST is 21.6K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $823.5 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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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>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) stock increased by 3.43% to $6.33 during Wednesday's regular session. As of 12:40 EST, Heritage Insurance Hldgs's stock is trading at a volume of 200.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $185.3 million. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares moved upwards by 3.33% to $2.48. The current volume of 2.7K shares is 0% of Kingstone Companies's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $25.3 million. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) stock rose 2.0% to $86.44. As of 12:40 EST, HCI Group's stock is trading at a volume of 36.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $825.2 million. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares increased by 1.87% to $9.26. As of 12:40 EST, Root's stock is trading at a volume of 35.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $135.7 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 1.8% to $0.51. The current volume of 22.1K shares is 0% of Reliance Global Group'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 $1.8 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares increased by 1.78% to $16.54. The current volume of 52.0K shares is 0% of Universal Insurance Hldgs's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $474.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock declined by 8.17% to $0.84 during Wednesday's regular session. Trading volume for Marpai's stock is 42.5K 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 $7.4 million. </li>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) shares declined by 4.93% to $26.47. Trupanion's stock is trading at a volume of 268.5K 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 $1.1 billion. </li>
<li>Prudential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) stock declined by 3.83% to $19.73. Trading volume for Prudential's stock is 644.1K 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 $27.3 billion. </li>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares declined by 3.75% to $0.73. The current volume of 9.8K 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 $38.3 million. </li>
<li>Tian Ruixiang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) stock fell 3.39% to $0.56. Trading volume for Tian Ruixiang Holdings's stock is 14.3K 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 $1.8 million. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) shares decreased by 3.27% to $6.07. The current volume of 2.7K shares is 0% of Cheche Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $456.8 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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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>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) stock increased by 4.97% to $2.11 during Wednesday's regular session. As of 12:40 EST, Kingstone Companies's stock is trading at a volume of 636, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $26.3 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock rose 3.43% to $6.62. As of 12:40 EST, Fanhua's stock is trading at a volume of 4.3K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $384.6 million. </li>
<li>Abacus Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) stock moved upwards by 2.72% to $10.55. Abacus Life's stock is trading at a volume of 19.0K 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 $659.4 million. </li>
<li>Arch Capital Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NASDAQ">ACGL</a>) stock moved upwards by 2.43% to $77.39. The current volume of 905.8K shares is 0% of Arch Capital Group'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 $28.3 billion. </li>
<li>Ambac Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) shares moved upwards by 2.23% to $16.46. As of 12:40 EST, this security is trading at a volume of 70.2K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $728.0 million. </li>
<li>Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) stock rose 2.06% to $56.42. Trading volume for Axis Capital Holdings's stock is 216.8K 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 $4.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGF#NASDAQ">FGF</a>) stock fell 10.76% to $1.43 during Wednesday's regular session. Trading volume for this security as of 12:40 EST is 8.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $16.8 million. </li>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) stock fell 6.99% to $28.61. Trupanion's stock is trading at a volume of 218.5K 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 $1.2 billion. </li>
<li>Global Indemnity Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBLI#NYSE">GBLI</a>) stock decreased by 4.06% to $30.7. Trading volume for Global Indemnity Group's stock is 5.0K 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 $365.6 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock declined by 4.0% to $16.36. Lemonade's stock is trading at a volume of 716.5K 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 $1.1 billion. </li>
<li>Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) shares declined by 2.26% to $48.45. The current volume of 590.2K shares is 0% of Fidelity National Finl's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $13.4 billion. </li>
<li>Prudential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) stock decreased by 2.2% to $21.18. As of 12:40 EST, this security is trading at a volume of 454.5K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $29.1 billion. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Shares of financial companies are trading lower amid a rise in Treasury yields and overall market weakness.

<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 increased by 27.47% to $1.16 during Tuesday's regular session. As of 12:40 EST, this security is trading at a volume of 4.4 million shares, making up 287.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.2 million. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock rose 21.29% to $6.29. As of 12:40 EST, this security is trading at a volume of 39.8K shares, making up 12.0% of its average full-day volume over the last 100 days. The company's market cap stands at $379.9 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock increased by 5.39% to $0.95. The current volume of 8.8 million shares is 17569.4% of Reliance Global Group'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 $2.2 million. </li>
<li>James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) shares moved upwards by 4.86% to $9.48. As of 12:40 EST, James River Gr Hldgs's stock is trading at a volume of 194.5K, which is 67.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $340.2 million. </li>
<li>MBIA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBI#NYSE">MBI</a>) stock moved upwards by 3.27% to $7.41. As of 12:40 EST, MBIA's stock is trading at a volume of 124.1K, which is 34.1% of its average full-day volume over the last 100 days. The company's market cap stands at $366.6 million. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) stock increased by 2.74% to $85.67. As of 12:40 EST, HCI Group's stock is trading at a volume of 39.8K, which is 44.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $716.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) shares fell 13.01% to $1.07 during Tuesday's regular session. Trading volume for this security as of 12:40 EST is 4.5K, which is 24.4% of its average full-day volume over the last 100 days. The company's market cap stands at $6.7 million. </li>
<li>Fidelis Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIHL#NYSE">FIHL</a>) stock declined by 8.03% to $13.23. Fidelis Insurance Hldgs's stock is trading at a volume of 608.5K shares as of 12:40 EST. This is 234.4% of its average full-day volume over the last 100 days. The company's market cap stands at $1.4 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock fell 3.79% to $16.28. Lemonade's stock is trading at a volume of 1.2 million shares as of 12:40 EST. This is 78.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) stock declined by 3.32% to $7.87. As of 12:40 EST, this security is trading at a volume of 42.1K shares, making up 22.2% of its average full-day volume over the last 100 days. The company's market cap stands at $231.1 million. </li>
<li>Abacus Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) stock declined by 3.23% to $6.31. As of 12:40 EST, Abacus Life's stock is trading at a volume of 7.2K, which is 50.6% of its average full-day volume over the last 100 days. The company's market cap stands at $409.2 million. </li>
<li>Prudential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) shares declined by 1.89% to $23.14. The current volume of 279.0K shares is 42.3% of Prudential's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $32.0 billion. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Insurance Stocks Moving In Tuesday's Intraday Session

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Janus Henderson Group plc Ordinary Shares

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METROCITY BANKSHARES INC by MetroCity Bankshares Inc.

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Shares of broader financial stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

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