Life/Health Insurance Plunge: Dive -2.99%! $CNO, $UNM, $AFL, $AEL, $MFC and More!
Life/Health Insurance Stocks Experience a 2.99% Decline!
📉 Intro Description:
Life/Health insurance stocks are under pressure, seeing a loss of nearly 3%. With a "Strong Sell" rating backing most stocks in this category, traders need to exercise caution. A deeper dive will provide a better understanding of individual stocks and market movements.
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Tickers of this Group:
$CNO $UNM $AFL $AEL $MFC $PRU $MET $GNW $PUK $LNC $PRI $NWLI $BHF $FG $GL $ABL $BHFAN $BHFAO $BHFAP $JXN $BHFAM
🏢 Industry Description:
Life insurance companies offer policies that pay beneficiaries a lump sum upon the insured's death. These policies can be term or whole life. Life insurance firms might also provide long-term disability policies to replace income if the insured becomes sick or disabled. Health insurance helps cover medical expenses. Major players include Anthem, Inc., MetLife, Inc., and Aflac Incorporated.
📊 Market Cap:
The average market cap across this industry is 14.1B. Topping the list is $MET with a valuation of 46.4B, while $BHFAN stands at the lower end with zero.
📈 High and Low Price Notable News:
Price growth in the last week was -3.31% on average across all stocks in the sector. Monthly and quarterly price growth rates stand at -5.83% and 10.96% respectively. $ABL stands out with a positive growth of 2.36%, while $BHFAM declined the most, dropping 7.86%.
- News Flashes:
- $MET: Fell by 5.17% this week.
- $LNC: Dropped by a staggering 9.54% this week.
- $MFC: Experienced a decline of 5.56% this week.
🔊 Volume:
Weekly volume growth averaged 8.92% across all stocks. Monthly and quarterly volume growth rates for the same set of stocks were 65.33% and 21.24% respectively.
- Volume Highlights:
- $CNO: Saw a record-breaking growth of 112% of the 65-Day Volume Moving Average.
- $AEL: Experienced a record-breaking daily growth of 300% of the 65-Day Volume Moving Average.
- $BHF: Recorded a record-breaking daily growth of 223% of the 65-Day Volume Moving Average.
📚 Fundamental Analysis Ratings:
- Valuation Rating: 53
- P/E Growth Rating: 42
- Price Growth Rating: 46
- SMR Rating: 95
- Profit Risk Rating: 69
- Seasonality Score: 46
🌐 Notable Companies:
Prominent companies in this industry include MetLife ($MET), Prudential Financial ($PRU), Lincoln National Corp ($LNC), and Genworth Financial ($GNW).
📜 Ticker Analysis:
$CNO:
MACD Analysis: Turned negative on October 03, 2023, indicating a potential decline with a probability of 71%.
Stock Forecast: Price of $23.05 is trading between resistance of $24.64 and support of $21.07. Price fell by 2% in the last month.
$UNM:
Moving Average Analysis: Fell below its 50-day Moving Average on October 03, 2023. A downward trend is probable with 76% chances.
Stock Forecast: Current price of $48.15 is trading between support of $48.26 and resistance of $40.99. Price declined by 2% over the last month.
$AFL:
Momentum Indicator Analysis: Moved below the 0 level on October 02, 2023, signaling a probable shift to a new downward trend. The historical trend shows a 56% chance of a further decline.
Stock Forecast: The current price of $76.07 has surpassed the resistance line at $64.00 and is trading between support at $97.03 and resistance at $64.00. Over the last month, the price showed a +1% Uptrend, but declined by 1% in the past week.
$AEL:
Momentum Indicator Analysis: The indicator moved below the 0 level on September 25, 2023. This suggests a potential downward trend. Historically, in similar scenarios, the stock declined 68% of the time.
Stock Forecast: Currently trading at $53.40, the stock has crossed its resistance of $50.98. It's now positioned between the $58.39 resistance and $50.98 resistance lines. The past month witnessed a slight downtrend of -0.95%, with the stock falling -0.90% in the last week.
$MFC:
Moving Average Analysis: The 50-day Moving Average for MFC crossed below its 200-day moving average on September 29, 2023. This is typically seen as a long-term bearish signal.
Stock Forecast: The current stock price of $17.68 is trading between support at $17.93 and resistance at $14.80. In the last month, there has been a -5% downtrend, and in the past week, the stock has declined by 5%.
$PRU:
Trend Analysis: PRU is in a 3.74% downward trend, witnessing decline for three consecutive days as of October 03, 2023. Historically, 65% of similar situations led to further declines in the following month.
Stock Forecast: PRU, priced at $91.17, has crossed its support line at $88.99. It currently trades between the resistance at $123.23 and support at $88.99. Over the last month, a -4% downtrend was observed, with a 4% decline in the last week.
$MET:
Moving Average Analysis: The stock moved below its 50-day Moving Average on September 27, 2023, suggesting a shift from an upward trend to a downward one. There's a 59% likelihood of the stock continuing this downward trend based on past data.
Stock Forecast: With a current price of $59.99, it is below the lowest support line of $65.15 defined by A.I. The past month saw a -5% decline, with a weekly decline of -4%.
$GNW:
Moving Average Analysis: As of October 03, 2023, GNW moved below its 50-day Moving Average, indicating a potential change from an upward trend to a downward one. Historically, the stock has decreased 85% of the time in such scenarios.
Stock Forecast: Trading at $5.88, the stock has crossed its support at $5.27. It's now between the support of $6.88 and $5.27. The past month witnessed a -2% decline, with a similar -2% decrease in the past week.
Momentum Indicator for CNO turns positive, indicating new upward trend
CNO saw its Momentum Indicator move above the 0 level on September 17, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned positive. In of the 92 cases, the stock moved higher in the following days. The odds of a move higher are at .
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of health and life insurance services
Industry LifeHealthInsurance