3 Insurance Stocks Making Moves After Earnings

Lemonade, Prudential, and Aflac all reported quarterly results

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.

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