Stocks
-
Insurance stocks are lukewarm amid earnings season, cats and political changes. -
The board will lead the review following feedback from shareholders including activist investor Jana.
-
The PE firm held over 6.7 million Axis shares, around 8.2% of shares outstanding.
-
The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023.
-
Most insurers outperformed the S&P 500 last year, but the trend is unlikely to continue.
-
The company’s stock price has plummeted in the wake of the LA wildfires.
-
In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re.
-
The activist investor’s position at the end of Q3 was valued around $116.3mn, SEC filings show.
-
The firm had owned 3.45 million shares in Q2, then valued at over $256mn.
-
Republican tariffs and higher Democratic corporate taxes would hurt the sector.
-
The stock was hovering around $40 per share just before closing.
-
The Floridian insurer anticipates that it will remain profitable in Q3 and Q4 despite hurricane activity.
Related
-
Trump tariffs: The multi-faceted fallout
April 09, 2025 -
US insurance stocks drop as market tariff turmoil continues
April 04, 2025 -
‘Liberation Day’: P&C stocks survive as the market tumbles
April 04, 2025