Schaeffer's Top Stock Picks for '25

3 Insurance Stocks Making Moves After Earnings

LMND is one of the best-performing NYSE stocks this afternoon

Deputy Editor
Oct 31, 2024 at 12:55 PM
facebook X logo linkedin


Shares of insurance name Root (ROOT) are trading at roughly three-year highs, on track for their best session on record after a surprise third-quarter earnings beat. While ROOT is outperforming, peers Lemonade Inc (NYSE:LMND), Prudential Financial Inc (NYSE:PRU), and Aflac Inc (NYSE:AFL) are all scattered this afternoon after their own reports.

Lemonade stock was last seen 26.2% higher at $23.64, and earlier surged to its highest level since September 2022. One of the best stocks on the New York Stock Exchange (NYSE) so far today, it's now up 118.9% year over year and pacing for its best monthly gain since November 2023, after the firm beat third-quarter revenue estimates. Plus, Morgan Stanley hiked its price target on LMND to $15 from $14.

Prudential Financial stock, meanwhile, is down 1.8% at $124.34 at last check, after the firm's third-quarter profit fell on international business weakness. Despite this drop, the security is still on track to turn in its first monthly win after two such consecutive losses. Further, PRU is near its +20% year-to-date level, while its 30-day moving average is ready to contain additional losses.

Lastly, Aflac stock is off 3.9% to trade at $105.83 at last glance. The insurance company announced mixed third-quarter results, with earnings that beat estimates while revenue missed the mark. In response, AFL is gaping below the 60-day moving average for the first time since early May. The security still sports a 28.2% year-to-date gain, though.

Getting Started With Options:
OPTIONS BASICS

Are you ready to start learning about options, and how to use them for faster profits? Our FREE GUIDE breaks down basic options trading concepts and vocabulary, how options derive their value, advantages and disadvantages, trading mechanics, and more!


 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?