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Strength Seen in Ambac (AMBC): Can Its 17.7% Jump Turn into More Strength?
ZACKS· 2025-07-18 14:50
Ambac Financial Group (AMBC) shares soared 17.7% in the last trading session to close at $8.65. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.2% gain over the past four weeks.Ambac shares surged after the Wisconsin Office of the Commissioner of Insurance scheduled a hearing on the sale of Ambac Assurance Corporation. This is considered one of the final steps in the Wisconsin regulatory approval process. Ambac's president and ...
Kinsale Capital Group, Inc. (KNSL) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-07-17 15:06
The market expects Kinsale Capital Group, Inc. (KNSL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 24, might help the stock move higher if these key numbe ...
HCI Group (HCI) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-07-16 23:01
HCI Group (HCI) ended the recent trading session at $142.96, demonstrating a +1.35% change from the preceding day's closing price. This change outpaced the S&P 500's 0.32% gain on the day. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.26%. Coming into today, shares of the property and casualty insurance holding company had lost 8.39% in the past month. In that same time, the Finance sector gained 3.04%, while the S&P 500 gained 4.51%. Market participants will be cl ...
Will Hagerty (HGTY) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-07-16 17:11
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Hagerty, Inc. (HGTY) , which belongs to the Zacks Insurance - Property and Casualty industry.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 200.00%, on average, in the last two quarters.For the most recent quarter, Hagerty was expected to post earnings of $0 ...
RenaissanceRe (RNR) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2025-07-16 15:07
The market expects RenaissanceRe (RNR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...
Progressive (PGR) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-07-16 14:35
Company Performance - Progressive reported quarterly earnings of $4.88 per share, exceeding the Zacks Consensus Estimate of $4.43 per share, and up from $2.65 per share a year ago, representing an earnings surprise of +10.16% [1] - The company posted revenues of $21.62 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.51%, and an increase from $18.26 billion year-over-year [2] - Over the last four quarters, Progressive has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the earnings outlook for the coming quarters [3][4] - The current consensus EPS estimate for the upcoming quarter is $3.67 on revenues of $22.46 billion, and for the current fiscal year, it is $16.84 on revenues of $87.46 billion [7] - The estimate revisions trend for Progressive was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Insurance - Property and Casualty industry, to which Progressive belongs, is currently in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Analysts Estimate RLI Corp. (RLI) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-07-14 15:01
The market expects RLI Corp. (RLI) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than e ...
Earnings Preview: W.R. Berkley (WRB) Q2 Earnings Expected to Decline
ZACKS· 2025-07-14 15:01
Wall Street expects a year-over-year decline in earnings on higher revenues when W.R. Berkley (WRB) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the ...
Are Finance Stocks Lagging Artisan Partners Asset Management (APAM) This Year?
ZACKS· 2025-07-10 14:41
Group 1 - Artisan Partners Asset Management (APAM) is outperforming the Finance sector with a year-to-date return of 10%, compared to the sector average of 8.7% [4] - The Zacks Consensus Estimate for APAM's full-year earnings has increased by 16.6% in the past quarter, indicating improved analyst sentiment [4] - APAM holds a Zacks Rank of 1 (Strong Buy), suggesting a positive earnings outlook and potential for market outperformance [3] Group 2 - Artisan Partners Asset Management is part of the Financial - Investment Management industry, which has an average year-to-date loss of 2.4%, further highlighting APAM's strong performance [6] - The Finance sector consists of 870 individual stocks and is currently ranked 7 in the Zacks Sector Rank [2] - Investors should monitor both Artisan Partners Asset Management and Root, Inc. for continued solid performance in the Finance sector [7]
HCI Group (HCI) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2025-07-09 23:01
HCI Group (HCI) closed the most recent trading day at $139.99, moving -1.64% from the previous trading session. This change lagged the S&P 500's 0.61% gain on the day. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.95%. The stock of property and casualty insurance holding company has fallen by 8.69% in the past month, lagging the Finance sector's gain of 2.14% and the S&P 500's gain of 3.85%.The investment community will be paying close attention to the earnings performance of HCI Grou ...