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Erie Indemnity에 대한 매도 수량은 투자자에게 Erie Indemnity의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Erie Indemnity (NASDAQ:ERIE) 주식, 공매도 수량 보고

Erie Indemnity

Erie Indemnity Co mainly performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.

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streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 니오(NYSE:NIO)의 주식이 지난주 16.35% 하락했다. 이는 미국에 상장된 중국 주식들이 중국의 9월 수출이 예상치를 밑돌면서 하락한 후 발생한 일이다. 중국 경기 부양책에 대한 불확실성도 최근 주식에 악영향을 미쳤다.

니오, ASML 및 CVS 헬스는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (10월 14일-18일)

Erie Indemnity Company - Class A Common Stock

Erie Indemnity Co

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) stock lost 16.35% last week as U.S.-listed Chinese stocks <a href="https://www.benzinga.com//node/41385461" target="_blank" rel="noreferrer noopener">fell after China&#8217;s September exports</a> missed estimates. China stimulus uncertainty has also weighed on stocks recently.</li>
<li>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) stock dipped 15.58%, probably due to continued weakness following weak guidance from ASML.</li>
<li>Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) shares were down 14.38%. The company will report <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">third-quarter results on October 25</a>.</li>
<li>Elevance Health shares dipped 14.17% after analysts cut forecasts <a href="https://www.benzinga.com//node/41405601" target="_blank" rel="noreferrer noopener">following third-quarter earnings</a>.</li>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares tumbled 13.97% after the company accidentally released earnings a day ahead of schedule and <a href="https://www.benzinga.com//node/41358875" target="_blank" rel="noreferrer noopener">cut its 2025 sales forecast</a>.</li>
<li>Temu parent PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) stock fell 13.91%, as did U.S.-listed Chinese stocks <a href="https://www.benzinga.com//node/41316058" target="_blank" rel="noreferrer noopener">after China&#8217;s September exports</a> missed estimates. China stimulus uncertainty has also weighed on stocks recently.</li>
<li>Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) shares were down 12.24%, probably in sympathy with Elevance Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>), which reported third-quarter earnings miss and issued soft FY24 guidance.</li>
<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) stock dived 12.12%, probably in sympathy with Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), which reported better-than-expected <a href="https://www.benzinga.com//node/41377745" target="_blank" rel="noreferrer noopener">earnings and issued strong guidance</a>.</li>
<li>Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) fell 9.92% last week after Spruce Point Management <a href="https://www.sprucepointcap.com/research/erie-indemnity-company" target="_blank" rel="noreferrer noopener">issued a short-sell report</a> on the stock. The company was under pressure due to Category 5 Hurricane Milton.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) stock fell 9.44% last week after the company <a href="https://www.benzinga.com//node/41399396" target="_blank" rel="noreferrer noopener">cut its Q3 outlook</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/10/41418879/coinbase-united-airlines-and-sofi-tech-are-among-top-11-large-cap-gainers-last-week-oct-14-18-are-" target="_blank" rel="noreferrer noopener">Coinbase, United Airlines And Sofi Tech Are Among Top 11 Large Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

NIO, ASML, And CVS Health Are Among Top 10 Large Cap Losers Last Week (Oct 14-18): Are The Others In Your Portfolio?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$10.00</td>
<td>$26.9K</td>
<td>2.3K</td>
<td>5.4K</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$85.00</td>
<td>$44.7K</td>
<td>9</td>
<td>1.3K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$64.00</td>
<td>$40.0K</td>
<td>2.4K</td>
<td>759</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$280.00</td>
<td>$63.5K</td>
<td>1.3K</td>
<td>691</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$49.0K</td>
<td>2.7K</td>
<td>453</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$530.00</td>
<td>$37.7K</td>
<td>589</td>
<td>175</td>
</tr>
<tr>
<td>ERIE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$520.00</td>
<td>$396.0K</td>
<td>0</td>
<td>150</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$75.2K</td>
<td>3.4K</td>
<td>118</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$70.00</td>
<td>$58.0K</td>
<td>685</td>
<td>80</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$950.00</td>
<td>$54.3K</td>
<td>60</td>
<td>46</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on November 1, 2024. Parties traded 421 contract(s) at a $10.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $64.0 per contract. There were 2338 open contracts at this strike prior to today, and today 5442 contract(s) were bought and sold. 
• Regarding AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we observe a call option sweep with bullish sentiment. It expires in 63 day(s) on December 20, 2024. Parties traded 389 contract(s) at a $85.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $44.7K, with a price of $115.0 per contract. There were 9 open contracts at this strike prior to today, and today 1317 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 25, 2024. This event was a transfer of 400 contract(s) at a $64.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $100.0 per contract. There were 2447 open contracts at this strike prior to today, and today 759 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 63 day(s) on December 20, 2024. Parties traded 56 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $63.5K, with a price of $1135.0 per contract. There were 1302 open contracts at this strike prior to today, and today 691 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a put option sweep with bearish sentiment. It expires in 154 day(s) on March 21, 2025. Parties traded 86 contract(s) at a $40.00 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $49.0K, with a price of $570.0 per contract. There were 2717 open contracts at this strike prior to today, and today 453 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option trade with bearish sentiment. It expires in 28 day(s) on November 15, 2024. Parties traded 25 contract(s) at a $530.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $1511.0 per contract. There were 589 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold. 
• For ERIE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>), we notice a call option trade that happens to be bearish, expiring in 154 day(s) on March 21, 2025. This event was a transfer of 150 contract(s) at a $520.00 strike. The total cost received by the writing party (or parties) was $396.0K, with a price of $2640.0 per contract. There were 0 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 37 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $75.2K, with a price of $2035.0 per contract. There were 3461 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on November 15, 2024. This event was a transfer of 80 contract(s) at a $70.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $58.0K, with a price of $729.0 per contract. There were 685 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
• For BLK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), we notice a put option trade that happens to be bearish, expiring in 336 day(s) on September 19, 2025. This event was a transfer of 10 contract(s) at a $950.00 strike. The total cost received by the writing party (or parties) was $54.3K, with a price of $5430.0 per contract. There were 60 open contracts at this strike prior to today, and today 46 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AFRM

COIN

SOFI

10 Financials Stocks Whale Activity In Today's Session

<a href="https://www.sprucepointcap.com/research/erie-indemnity-company" title="https://www.sprucepointcap.com/research/erie-indemnity-company">https://www.sprucepointcap.com/research/erie-indemnity-company</a>

Watching Erie Indemnity Company; Spruce Point Management Issues Report Stating A Short Position On The Co's Shares

WIIM

ACGL

ACIC

CINF

FIHL

HRTG

KNSL

PLMR

SPNT

Shares of insurance companies are trading lower while Floridians experience evacuation orders as Category 5 Hurricane Milton approaches the state. The region is still recovering from damage due to Hurricane Helene.

The S&amp;P 500 is a widely recognized benchmark for the US stock market, and it has undergone reshuffling due to the quarterly rebalancing process. This shake-up, driven by shifts in company performance and market capitalization, provides a unique lens into the evolving dynamics of the business world. The inclusion of several companies reflects a changing market terrain. Conversely, the departure of others underscores the challenges and transitions faced within their respective industries.&nbsp;
<h2>A Glimpse Into the S&amp;P 500</h2>
The S&amp;P 500 index is a market capitalization-weighted index, meaning that companies with a larger market cap have a more significant influence on the index&#39;s performance. This index is a barometer of the US stock market, offering investors a diversified representation of the largest publicly traded companies. Each quarter, S&amp;P Dow Jones Indices carefully reviews and adjusts the S&amp;P 500 to reflect changes in company performance and market capitalization. The most recent rebalancing saw three companies join the index and three companies leave the index.&nbsp;
<h3>Palantir: Data Analytics Powerhouse Enters the Big League</h3>
Palantir Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>) is a leading data analytics and software company that has joined the S&amp;P 500 index, signifying its significant growth and market influence. Palantir specializes in real-time data analysis and prediction services, leveraging advanced artificial intelligence (AI) technologies to unlock insights for diverse clients, including government agencies, financial institutions, and healthcare organizations.
Palantir&#39;s stock has experienced a remarkable 160% surge over the past 12 months and over a 100% increase year-to-date (YTD), reflecting the increasing demand for data-driven solutions. The company&#39;s expertise has attracted significant contracts, including a $480 million deal with the US Department of Defense. This commitment from the defense sector, combined with a growing commercial presence, underscores Palantir&#39;s adaptability across various industries.
Palantir&#39;s inclusion in the S&amp;P 500 is a significant milestone leading to increased investor awareness, access to a broader range of investors, and inclusion in various index funds. This inclusion solidifies Palantir&#39;s position as a significant player in the expanding data analytics sector.
<h3>Dell Technologies: A Technology Giant Reinforces Its Position</h3>
Dell Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) is a long-standing leader in the technology industry, and it has further cemented its standing by joining the ranks of the S&amp;P 500. The company&#39;s diverse portfolio, encompassing computer hardware, software, and comprehensive IT solutions, positions it as a major player in the ever-evolving technology sector.
Dell&#39;s enduring success stems from its ability to adapt to changing market demands and innovate across its key segments: PCs, servers, storage, and software.
The company&#39;s recent performance reflects this adaptability, with a healthy stock price increase of 67% over the past 12 months and over 50% YTD. This growth trajectory is driven by Dell&#39;s commitment to expanding its product offerings, particularly in cloud computing and cybersecurity, which are crucial for businesses navigating an increasingly complex digital environment.
Dell&#39;s inclusion in the S&amp;P 500 signifies its continued relevance in the technology industry and signals a strong potential for further growth. As the company leverages its comprehensive solutions and embraces emerging technological trends, investors will watch closely to see how Dell continues navigating the changes happening in the tech sector.&nbsp;
<h3>Erie Indemnity: A Steady Hand in a Volatile Market</h3>
While Palantir and Dell represent the cutting edge of tech innovation, Erie Indemnity (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/erie#NASDAQ">ERIE</a>) offers a different perspective on the S&amp;P 500. This property and casualty insurance company is known for its focus on specific market niches and for providing a steady hand in a volatile market.
Erie Indemnity stands out for its deep expertise in the auto insurance market, a segment where it has built a solid reputation for its customer-centric approach and competitive pricing. This strategic focus has been a key driver of its success, allowing it to navigate industry fluctuations and build a loyal customer base.
Despite the challenges faced by the insurance industry, Erie Indemnity has maintained consistent growth. Its stock has gained around 80% over the past 12 months and 55% YTD, showcasing a track record of steady growth. This performance reflects the company&#39;s ability to manage risk effectively and cater to the evolving needs of its target audience. As the auto insurance market continues to evolve, Erie Indemnity&#39;s focus on niche expertise and its commitment to financial health make it an attractive investment option for those seeking consistent, stable returns.
<h2>Departing Companies: A Look at Industry Shifts and Market Performance</h2>
The quarterly rebalancing of the S&amp;P 500 often sees companies move to smaller indices, reflecting changes in market dynamics and adjustments in their respective industries.&nbsp;
<h3>American Airlines: Navigating Turbulent Skies</h3>
American Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) has faced significant headwinds in recent months. The company&#39;s stock price has declined by 15% over the past 12 months and 20% YTD, reflecting the challenging operating environment for airlines.
Factors such as rising fuel costs, increased competition, and the ongoing uncertainties in the travel sector have contributed to these declines.
American Airlines&#39; transition to the S&amp;P MidCap 400 reflects these challenges and signals the company&#39;s current market position within the broader airline industry.
<h3>Etsy: A Handcrafted Marketplace With Growing Competition</h3>
Etsy (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>) is an online marketplace for handmade and vintage goods that has also experienced stock price declines, falling by 16% over the past 12 months and 34% YTD.
This decline can be attributed to several factors, including growing competition from other online marketplaces, the increasing popularity of mass-produced goods, and evolving consumer preferences.
Etsy&#39;s shift to the S&amp;P SmallCap 600 index reflects its current position within the increasingly competitive e-commerce sector.
<h3>Bio-Rad Laboratories: Changing Trends in Life Sciences</h3>
Bio-Rad Laboratories (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bio#NYSE">BIO</a>) is a leader in life sciences research and diagnostics, and the company has experienced a stock price decline of nearly 15% in the past three months and 6% over the past year.
These fluctuations are linked to broader life science industry trends, including regulatory changes, R&amp;D investment levels, and the evolving terrain of scientific research.
Bio-Rad&#39;s move to the S&amp;P MidCap 400 index reflects these market dynamics and signals the company&#39;s current position within the life sciences sector.
<h2>S&amp;P 500 Rebalancing: A Glimpse Into Market Dynamics</h2>
The recent S&amp;P 500 rebalancing gives investors a snapshot of the evolving market terrain. The inclusion of data analytics leader Palantir Technologies and tech giant Dell Technologies signals the growing significance of these sectors. Meanwhile, the departure of companies like American Airlines reflects certain industries&#39; challenges. Investors can gain valuable insights into potential growth areas and industry trends by keeping an eye on the companies entering and leaving the index.
The article &quot;<a href="https://www.marketbeat.com/originals/s-and-p-500-shake-up-new-entrants-driving-market-momentum/">S&amp;P 500 Shake-Up: New Entrants Driving Market Momentum</a>&quot; first appeared on MarketBeat.

Mid Cap

Offerings

Contracts

Travel

Markets

Analyst Ratings

Tech

Insurance

General

DELL

ETSY

PLTR

S&P 500 Shake-Up: New Entrants Driving Market Momentum

U.S. index futures are modestly higher at the start of a new week as the rate cut euphoria fades and traders look ahead to the next key catalysts. The tech space could get a lift from <a href="https://www.benzinga.com/news/24/09/40975507/intels-stock-gains-in-pre-market-trading-following-reports-of-qualcomms-and-apollos-investment-offer">a potential lifeline for struggling Intel Corp.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and traders may also look ahead to Micron Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings report due later this week. FedEx Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) annual shareholder meeting and conference presentations by companies could also be on traders&#8217; radar.
A few Fed speeches and private sector activity data due on Monday will also be of interest to the market, which has had an atypically strong September. China followed up with more cuts on Monday as the country strives to bring the struggling economy back on track.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.24%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.15%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.06%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.32%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.15% to $569.09 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.27% to $483.06, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks recorded gains for the second straight week as the Fed&#8217;s 50 basis-point cut set the market on fire, although a session after the announcement. After a mixed start to the week, positive retail sales generated buying interest in the market on Tuesday. Sentiment soured on Wednesday despite the initial positive reaction to the rate cut and the major indices closed lower. 
Traders reacted with a lag to the rate cut, sending averages sharply higher on Thursday. The S&amp;P 500 Index and the Dow Jones Industrial Average scaled record highs in the session. Caution returned on Friday as the market closed the triple-witching session on a mixed note. The Dow built on its gains on Friday and ended at a new high.
&#8220;This might be a September rally to remember on Wall Street, as history is not on the side of September delivering many market rallies,&#8221; said fund manager Louis Navellier.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Weekly Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.50%</td>
<td>17,948.32</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.36%</td>
<td>5,702.55</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.62%</td>
<td>42,063.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+2.08%</td>
<td>2,227.89</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The atypical September rally points to more gains ahead before the year ends, says Carson Group&#8217;s Chief Market Strategist Ryan Detrick. A new high for the S&amp;P 500 Index in September has meant an even better fourth quarter in the past, he said. The market has risen 19 out of 21 times and the average gain is nearly 5%, he said. If the new high was made in September, which also happens to be an election year, the fourth quarter is higher 100% of the time with an average gain of 6%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When the S&amp;P 500 makes a new high in September (like &#39;24) it appears Q4 does even better. In fact, higher 19 out of 21 times (90.4%) and up nearly 5% on avg. New highs in Sept of election year? Q4 higher 6 out of 6 and up nearly 6% on avg.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1837903370494820836?ref_src=twsrc%5Etfw">September 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The S&amp;P 500 Index, which closed Friday&#8217;s session, just shy of an all-time high, is now above year-end price predictions of 70% of Wall Street analysts. This has rendered S&amp;P valuation slightly higher than the average number for the past five and past 10 years, FactSet data showed.
JPMorgan Global Investment Strategist&nbsp;Sarah Stillpass&nbsp;said in a report the September rate cut could bode well for equities. Since 1980, five of the 10 best years for the S&amp;P 500 happened when the Fed was cutting rates without a recession, she said. She also noted that the Fed has cut rates 12 times when the S&amp;P 500 was within 1% of its all-time high such as the current year. The market was higher one year later all 12 times, with a median return of 15%, she added.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
A slew of Fed speeches and the core personal consumption expenditure index, which is part of the personal income and spending report, are the key data the market will likely look forward to in the unfolding week. Traders may also keep a close eye on the weekly jobless claims data, flash private sector activity readings from S&amp;P Global, a consumer confidence reading, the August durables goods orders data and a couple of housing market readings.
On Monday, Atlanta Fed President Raphael Bostic is scheduled to speak at 8 a.m. EDT, followed by Chicago Fed President Austan Goolsbee at 10:15 a.m. EDT and Minneapolis Fed President Neel Kashkari&nbsp;at 1 p.m. EDT.
S&amp;P Global will release its flash manufacturing and service sector purchasing managers&#8217; indices for September at 9:45 a.m. EDT. Economists, on average, expect the manufacturing purchasing managers&#8217; index to rise from 47.9 in August to 48.4 in September, suggesting the sector continued to contract. The service sector PMI is widely expected to hold steady at 55.4 compared to August&#8217;s 55.7.
The Treasury will auction three- and six-month notes at 11:30 a.m. EDT.
Stocks In Focus:
<ul>
<li>Intel rose about 3% <a href="https://www.benzinga.com/premarket">in premarket trading</a> amid reports that Apollo Global Management seeks to invest $5 billion in the chipmaker in return for an equity stake in the company. Incidentally, Qualcomm, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is rumored to be interested in buying Intel.</li>
<li>Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally is sending crypto-linked stocks higher on Monday.</li>
<li>Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) fell over 1.60% following a negative analyst action. The company will be added to the S&amp;P 500 Index, along with Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>).</li>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) is due to <a href="https://www.benzinga.com/calendars/earnings">announce its quarterly results after the market closes.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil and gold futures are modestly higher, with the latter trading near record territory. Bitcoin has gone past the $63.5K level. The 10-year Treasury note yield rose 1.1 points to 3.739%.
The Asian markets closed on a lackluster note, although the Japanese market remained closed for a public holiday. The People&#8217;s Bank of China announced a cut to its 14-day reverse repurchase rate, following up with the downward adjustments that began in July. Chinese central bank governor Pan Gongsheng will hold a press conference Tuesday on financial support for economic development, alongside two other officials, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-23/china-announces-another-rate-cut-as-growth-slowdown-worsens">reported.</a>
European stocks also showed tentativeness as domestic traders digested weak private sector activity data from the region.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40974885/s-p-500-outpaces-wall-street-projections-as-year-end-nears-will-the-rally-hold">S&amp;P 500 Outpaces Wall Street Projections As Year-End Nears: Will The Rally Hold?</a></li>
</ul>
Photo via Shutterstock

Earnings

Equities

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

$BTC

INTC

QCOM

Wall Street Eyes Modestly Positive Start As Atypical September Rally Generates Positive Sentiment, China Cuts Rate: Intel, Palantir, Bitcoin Make Huge Moves

Making its debut on 11/08/2005, smart beta exchange traded fund SPDR S&amp;P Insurance ETF (ARCA:KIE) provides investors broad exposure to the Financials ETFs category of the market.
<h2>What Are Smart Beta ETFs?</h2>
For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.
Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
<h2>Fund Sponsor &amp; Index</h2>
KIE is managed by State Street Global Advisors, and this fund has amassed over $890.09 million, which makes it one of the average sized ETFs in the Financials ETFs. This particular fund, before fees and expenses, seeks to match the performance of the S&amp;P Insurance Select Industry Index.
The S&amp;P Insurance Select Industry Index represents the insurance segment of the S&amp;P Total Market Index.
<h2>Cost &amp; Other Expenses</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Operating expenses on an annual basis are 0.35% for this ETF, which makes it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 1.34%.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
KIE&#39;s heaviest allocation is in the Financials sector, which is about 100% of the portfolio.
When you look at individual holdings, Erie Indemnity Company Cl A (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/erie#NASDAQ">ERIE</a>) accounts for about 2.46% of the fund&#39;s total assets, followed by Ryan Specialty Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ryan#NYSE">RYAN</a>) and Kinsale Capital Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knsl#NYSE">KNSL</a>).
Its top 10 holdings account for approximately 22.7% of KIE&#39;s total assets under management.
<h2>Performance and Risk</h2>
So far this year, KIE has added roughly 24.48%, and was up about 31.63% in the last one year (as of 09/16/2024). During this past 52-week period, the fund has traded between $41.63 and $56.48.
The ETF has a beta of 0.84 and standard deviation of 18.17% for the trailing three-year period, making it a medium risk choice in the space. With about 51 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
SPDR S&amp;P Insurance ETF is an excellent option for investors seeking to outperform the Financials ETFs segment of the market. There are other ETFs in the space which investors could consider as well.
Invesco KBW Property &amp; Casualty Insurance ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kbwp#NASDAQ">KBWP</a>) tracks KBW Nasdaq Property &amp; Casualty Index and the iShares U.S. Insurance ETF (ARCA:IAK) tracks Dow Jones U.S. Select Insurance Index. Invesco KBW Property &amp; Casualty Insurance ETF has $333.52 million in assets, iShares U.S. Insurance ETF has $709.73 million. KBWP has an expense ratio of 0.35% and IAK charges 0.39%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Financials ETFs.
<a href="https://www.zacks.com/stock/news/2336243/is-spdr-s-p-insurance-etf-kie-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2336243">To read this article on Zacks.com click here.</a>

Sector ETFs

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iShares Dow Jones US Insurance Index Fund

KBWP

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Is SPDR S&P Insurance ETF a Strong ETF Right Now?

Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares roseMonday after S&amp;P Dow Jones Indices announced on Friday that Dell will be added to <a href="https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20240906-1474143/1474143_septembershuffle546.pdf">the S&amp;P 500 Index.</a>
The Details:
Dell will replace Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) when it is added to the S&amp;P 500 Index before the start of regular trading on Sept. 23. Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) will also be added to the S&amp;P 500. 
Index inclusion is typically positive for stocks due to increased trading volume and liquidity resulting from purchases by index funds, ETFs and other funds mirroring the index.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40754522/whats-going-on-with-coinbase-stock-today">What&#8217;s Going On With Coinbase Stock Today?</a>
<h3 class="wp-block-heading">Is DELL A Good Stock To Buy?</h3>
Wall Street analysts view Dell Technologies on the whole as a Outperform, given the history of coverage over the past three months. Wamsi Mohan from B of A Securities in Dell Technologies is the most bearish, expecting a 16.67% fall in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Dell Technologies fell 19.33%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 9.12% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href="https://www.benzinga.com/analyst-stock-ratings">here</a>, while real time updates on the latest analyst actions will be delivered via <a href="https://pro.benzinga.com">Benzinga PRO</a>. Try it for free.
DELL Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Dell Technologies shares are up 4.41% at $106.50 at the time of publication Monday.
Read Also:
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<li><a href="https://www.benzinga.com/news/24/09/40753645/roaring-kitty-posts-again-whats-going-on-with-gamestop-amc-chewy-stocks">Roaring Kitty Posts Again: What&#8217;s Going On With GameStop, AMC, Chewy Stocks?</a></li>
</ul>
Image: Shutterstock

Dell Technologies To Be Included In S&P 500: What's Going On With The Stock?

Erie Indemnity shares are trading higher after it was announced the company will join the S&P 500.

Shares of artificial intelligence-powered data analytics company Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) climbed sharply <a href="https://www.benzinga.com/premarket">in premarket trading </a>on Monday.
The gains can be traced back to a late-Friday announcement from S&amp;P Dow Jones Indices that Palantir would be added to the S&amp;P 500 Index, ahead of the start of trading on Sept. 23. Despite widespread anticipation, the S&amp;P had snubbed Palantir in its two previous quarterly rebalancing.
The S&amp;P 500 Index is considered the best single gauge of large-cap U.S. equities and includes 500 leading companies, covering approximately 80% of available market capitalization.&nbsp;
The eligibility criteria for S&amp;P 500 Index inclusion are a market capitalization of $15.8 billion or more, an annual dollar value traded to float-adjusted market capitalization greater than 0.75, a listing in either NYSE or NASDAQ and a primary listing in the U.S. There is a trading-volume criterion as well.
Index inclusion is typically positive for stocks, as funds holding portfolios mirroring the index will buy them to maintain the respective weightings of the component stocks. The stock will also benefit from increased volume and liquidity due to purchases by index funds and ETFs.
Following the development, Wedbush analyst Daniel Ives said, &#8220;The profitability profile of this story has significantly been bolstered with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40766713/palantirs-s-p-500-inclusion-another-validation-moment-as-it-embarks-on-new-era-of-e">this another validation moment for the Palantir story.&#8221;</a>
In premarket trading, Palantir shares 6.73% to $32.37, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a> Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>), which also made it to the index, rose 6.02% and 2.89%, respectively, in the premarket.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best AI Stocks</a>
Photo by Spyro the Dragon on Shutterstock

Palantir Stock Soars In Monday Premarket: What's Driving The Surge?

<a href="https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20240906-1474143/1474143_septembershuffle546.pdf">https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20240906-1474143/1474143_septembershuffle546.pdf</a>
Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&amp;P 500; Others to Join S&amp;P MidCap 400 and S&amp;P SmallCap 600
&nbsp;
NEW YORK, September 6, 2024: S&amp;P Dow Jones Indices (&quot;S&amp;P DJI&quot;) will make the following changes to the S&amp;P 500, S&amp;P MidCap 400, and S&amp;P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&amp;P 500 are more representative of the large-cap market space, all companies being added to the S&amp;P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&amp;P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&amp;P SmallCap 600 are no longer representative of the small-cap market space. 
&nbsp;
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and S&amp;P MidCap 400 constituent Erie Indemnity Co. (NASD:ERIE) will replace American Airlines Group Inc. (NASD:AAL), Etsy Inc. (NASD:ETSY) and Bio-Rad Laboratories Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIO#NYSE">BIO</a>) in the S&amp;P 500, respectively. American Airline Group will replace TEGNA Inc.&nbsp;in the S&amp;P MidCap 400, and TEGNA will replace Designer Brands Inc. in the S&amp;P SmallCap 600. Etsy will replace Haverty Furniture Companies Inc.&nbsp;in the S&amp;P SmallCap 600. Bio-Rad Laboratories will replace Erie Indemnity in the S&amp;P MidCap 400.

Small Cap

Palantir Technologies, Dell Technologies, And S&P MidCap 400 Constituent Erie Indemnity Co. Set To Join S&P 500; Will Replace American Airlines Group, Etsy And Bio-Rad Laboratories

Looking for broad exposure to the Large Cap Value segment of the US equity market? You should consider the First Trust Value Line Dividend ETF (ARCA:FVD), a passively managed exchange traded fund launched on 08/19/2003.
The fund is sponsored by First Trust Advisors. It has amassed assets over $9.72 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.
<h2>Why Large Cap Value</h2>
Large cap companies typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.
Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.
<h2>Costs</h2>
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.60%, making it one of the most expensive products in the space.
It has a 12-month trailing dividend yield of 2.12%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Industrials sector--about 19.50% of the portfolio. Utilities and Consumer Staples round out the top three.
Looking at individual holdings, Kellanova (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>) accounts for about 0.62% of total assets, followed by Erie Indemnity Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/erie#NASDAQ">ERIE</a>) and Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>).
The top 10 holdings account for about 5.55% of total assets under management.
<h2>Performance and Risk</h2>
FVD seeks to match the performance of the Value Line Dividend Index before fees and expenses. The Value Line Dividend Index is a modified equal dollar weighted index comprised of U.S. exchange listed securities of companies that pay above-average dividends and have potential for capital appreciation.
The ETF has added about 11.07% so far this year and is up about 16.28% in the last one year (as of 09/04/2024). In the past 52-week period, it has traded between $36.09 and $44.80.
The ETF has a beta of 0.79 and standard deviation of 13.51% for the trailing three-year period, making it a medium risk choice in the space. With about 208 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
First Trust Value Line Dividend ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FVD is a reasonable option for those seeking exposure to the Style Box - Large Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The Schwab U.S. Dividend Equity ETF (ARCA:SCHD) and the Vanguard Value ETF (ARCA:VTV) track a similar index. While Schwab U.S. Dividend Equity ETF has $59.94 billion in assets, Vanguard Value ETF has $123.92 billion. SCHD has an expense ratio of 0.06% and VTV charges 0.04%.
<h2>Bottom-Line</h2>
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
<a href="https://www.zacks.com/stock/news/2331114/should-first-trust-value-line-dividend-etf-fvd-be-on-your-investing-radar?cid=CS-BENZ-FT-style_box_etf-2331114">To read this article on Zacks.com click here.</a>

First Trust Value Line Dividend Index Fund ETF

SCHD

Should First Trust Value Line Dividend ETF Be on Your Investing Radar?

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KSPI

NCPL

SLQT

UPST

Shares of companies within the broader financial sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Erie Indemnity shares are trading higher after the company reported better-than-expected Q2 earnings.

Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) reported quarterly earnings of $3.13 per share which beat the analyst consensus estimate of $2.55 by 22.75 percent.

Earnings Beats

Erie Indemnity Q2 2024 GAAP EPS $3.13 Beats $2.55 Estimate

Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) reported quarterly earnings of $2.38 per share which beat the analyst consensus estimate of $2.33 by 2.15 percent. The company reported quarterly sales of $880.701 million which beat the analyst consensus estimate of $835.614 million by 5.40 percent. This is a 17.04 percent increase over sales of $752.465 million the same period last year.

Erie Indemnity Q1 2024 GAAP EPS $2.38 Beats $2.33 Estimate, Sales $880.701M Beat $835.614M Estimate

<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>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) stock moved upwards by 8.05% to $27.23 during Wednesday's regular session. As of 12:40 EST, this security is trading at a volume of 873.6K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $349.0 million. </li>
<li>Ryan Specialty Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAN#NYSE">RYAN</a>) shares rose 7.49% to $50.78. As of 12:40 EST, this security is trading at a volume of 767.8K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $5.5 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares increased by 7.04% to $3.8. As of 12:40 EST, this security is trading at a volume of 25.9K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.8 million. </li>
<li>Ambac Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) stock moved upwards by 6.52% to $17.62. As of 12:40 EST, this security is trading at a volume of 278.4K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $787.7 million. The company's, Q4 earnings came out yesterday. </li>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) shares moved upwards by 4.93% to $28.61. As of 12:40 EST, this security is trading at a volume of 456.0K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.1 billion. </li>
<li>Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) shares moved upwards by 3.97% to $404.81. The current volume of 59.6K shares is 0% of Erie Indemnity's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $20.3 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) shares declined by 10.44% to $1.63 during Wednesday's regular session. Marpai's stock is trading at a volume of 70.5K 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 $17.9 million. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) shares decreased by 6.26% to $1.2. Maiden Hldgs's stock is trading at a volume of 189.8K 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 $133.0 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock declined by 5.89% to $0.47. As of 12:40 EST, Reliance Global Group's stock is trading at a volume of 127.0K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.5 million. </li>
<li>FG Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGFPP#NASDAQ">FGFPP</a>) shares declined by 5.6% to $16.53. As of 12:40 EST, this security is trading at a volume of 1.0K shares, making up 0% of its average full-day volume over the last 100 days. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock decreased by 5.01% to $13.68. Trading volume for Hippo Holdings's stock is 194.0K 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 $325.8 million. </li>
<li>ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) shares fell 4.45% to $12.47. ProAssurance's stock is trading at a volume of 122.9K 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 $665.1 million. The company's, Q4 earnings came out yesterday. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMBC

FGFPP

HIPO

KINS

MHLD

MRAI

RELI

ROOT

TRUP

Insurance Stocks Moving In Wednesday's Intraday Session

Erie Indemnity shares are trading higher after the company reported better-than-expected Q4 financial results.

<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>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares moved upwards by 15.39% to $0.53 during Tuesday's regular session. As of 12:40 EST, this security is trading at a volume of 199.0K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.2 million. </li>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) stock moved upwards by 10.44% to $26.65. Trading volume for this security as of 12:40 EST is 296.6K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares moved upwards by 7.64% to $14.15. Trading volume for this security as of 12:40 EST is 279.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $314.1 million. </li>
<li>Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) stock rose 7.34% to $380.4. Trading volume for Erie Indemnity's stock is 82.8K 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 $18.5 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares increased by 7.18% to $21.47. As of 12:40 EST, this security is trading at a volume of 2.8 million shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.4 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares increased by 6.76% to $24.3. The current volume of 1.3 million shares is 0% of Root'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 $317.8 million. As per the news, the Q4 earnings report came out 4 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) stock fell 9.21% to $6.41 during Tuesday's regular session. As of 12:40 EST, this security is trading at a volume of 188.7K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $205.6 million. As per the press release, Q4 earnings came out today. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares decreased by 5.32% to $12.66. As of 12:40 EST, this security is trading at a volume of 44.3K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at 618907647. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock fell 4.12% to $11.96. As of 12:40 EST, this security is trading at a volume of 2.1K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at 584686845. </li>
<li>Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXBR#NASDAQ">OXBR</a>) stock decreased by 3.19% to $0.94. Oxbridge Re Holdings's stock is trading at a volume of 10.4K 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 $5.7 million. </li>
<li>Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) shares declined by 2.3% to $1.28. The current volume of 195.8K shares is 0% of Waterdrop'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 $503.8 million. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) shares declined by 2.26% to $1.3. As of 12:40 EST, Maiden Hldgs's stock is trading at a volume of 104.7K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $134.2 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EHTH

LMND

OXBR

Insurance Stocks Moving In Tuesday's Intraday Session

Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) reported its Q4 earnings results on Monday, February 26, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Erie Indemnity beat estimated earnings by 5.0%, reporting an EPS of $2.12 versus an estimate of $2.02.
Revenue was up $117.03 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.45 which was followed by a 6.0% drop in the share price the next day.
Here's a look at Erie Indemnity's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.06</td>
<td>1.90</td>
<td>1.48</td>
<td>1.31</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.51</td>
<td>2.25</td>
<td>1.65</td>
<td>1.25</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>830.02M</td>
<td>803.82M</td>
<td>705.00M</td>
<td>675.64M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>858.94M</td>
<td>839.87M</td>
<td>752.47M</td>
<td>700.63M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Erie Indemnity <a href="https://www.benzinga.com/quote/ERIE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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