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Mercury General

Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance and provides related property and casualty insurance products. The Company offers the following types of automobile coverage: collision, property damage, bodily injury ("BI"), comprehensive, personal injury protection ("PIP"), underinsured and uninsured motorist, and other hazards. The Company offers the following types of homeowners coverage: dwelling, liability, personal property, and other coverages.

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Sage Therapeutics sube 34% tras oferta de Biogen. Conoce los mayores ganadores y perdedores del premercado de EE.UU.

Las acciones de Sage Therapeutics (SAGE) se disparan un 34%; 20 acciones que se mueven en premercado

Mercury General Corp

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Monday.
Shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell in today's <a href="https://www.benzinga.com/tech/25/01/42937389/tesla-hikes-model-3-y-prices-in-canada-by-c1000-after-announcing-price-increase-in-china">pre-market trading</a>.
Tesla increased the price of all Model Y and Model 3 variants in Canada by C$1,000 (about $692).
Tesla shares declined 2.8% to $383.69 in pre-market trading
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) fell 24.8% to $4.31 in pre-market trading after gaining 9% on Friday.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) fell 17% to $7.41 in pre-market trading after dipping 11% on Friday.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) dipped 14.5% to $4.93 in pre-market trading.</li>
<li>IonQ, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NASDAQ">IONQ</a>) fell 14.5% to $27.64 in pre-market trading.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) dipped 13.4% to $2.78 in pre-market trading.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) declined 13.4% to $42.00 in pre-market trading. Mercury General shares dipped around 20% on Friday after the company announced it anticipates wildfire losses in Southern California to surpass $150 million in reinsurance retention levels.</li>
<li>Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) shares tumbled 8.1% to $6.82 in pre-market trading.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) fell 4.3% to $38.36 in the pre-market trading session.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/01/42923396/wall-streets-most-accurate-analysts-weigh-in-on-3-real-estate-stocks-with-over-7-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields</a></li>
</ul>

HOOD

IONQ

RZLV

TSLA

Tesla, Robinhood And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>XChange Tec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares moved upwards by 25.7% to $1.42 during Monday's pre-market session. The market value of their outstanding shares is at $159.9 million. </li>
<li>Palmer Square Capital BDC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSBD#NYSE">PSBD</a>) shares moved upwards by 12.24% to $17.0. The market value of their outstanding shares is at $555.1 million. </li>
<li>DigiAsia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAAS#NASDAQ">FAAS</a>) stock moved upwards by 11.81% to $1.23. The company's market cap stands at $74.6 million. </li>
<li>Mill City Ventures III (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>) shares increased by 11.14% to $3.59. The market value of their outstanding shares is at $22.9 million. </li>
<li>P10 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PX#NYSE">PX</a>) shares rose 10.07% to $13.99. The company's market cap stands at $1.5 billion. </li>
<li>Greenpro Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) shares rose 10.05% to $2.08. The company's market cap stands at $15.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Guild Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHLD#NYSE">GHLD</a>) stock declined by 17.2% to $10.3 during Monday's pre-market session. The company's market cap stands at $637.4 million. </li>
<li>RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) shares declined by 11.29% to $221.83. The market value of their outstanding shares is at $11.5 billion. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) shares decreased by 9.53% to $44.0. The market value of their outstanding shares is at $2.4 billion. </li>
<li>Vinci Partners Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) shares declined by 8.5% to $8.51. The market value of their outstanding shares is at $549.9 million. </li>
<li>Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) stock fell 8.46% to $8.01. The market value of their outstanding shares is at $490.9 million. </li>
<li>FB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLA#NASDAQ">FBLA</a>) stock fell 7.61% to $10.2. The company's market cap stands at $202.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FAAS

FBLA

GHLD

GRNQ

HTBK

MCVT

PSBD

VINP

12 Financials Stocks Moving In Monday's Pre-Market Session

Shares of Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) rose sharply in today's pre-market trading after the company confirmed the receipt of Biogen&#8217;s nonbinding $7.22/share <a href="https://www.benzinga.com/quote/SAGE">acquisition proposal</a>.
Sage Therapeutics shares jumped 34.2% to $7.45 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) gained 86.5% to $2.35 in pre-market trading after gaining 8% on Friday.</li>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) gained 62.3% to $0.1899 in pre-market trading after dipping over 15% on Friday.</li>
<li>Algorhythm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) gained 47% to $0.1981 in pre-market trading after falling 18% on Friday.</li>
<li>Traws Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) rose 29.3% to $10.45 in pre-market trading. Expert Systems and Traws Pharma reported a breakthrough in H5N1Bird Flu Antiviral Program.</li>
<li>Cooper-Standard Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPS#NYSE">CPS</a>) gained 26.3% to $16.69 in pre-market trading.</li>
<li>Intra-Cellular Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) gained 22.3% to $116.00 in pre-market trading after Bloomberg Reported that J&amp;J is exploring a bid for the company.</li>
<li>Black Diamond Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDTX#NASDAQ">BDTX</a>) gained 18.5% to $2.29 in pre-market trading following a 5% decline on Friday.</li>
<li>QMMM Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMMM#NASDAQ">QMMM</a>) gained 18% to $1.05 in pre-market trading.</li>
<li>Arcutis Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQT#NASDAQ">ARQT</a>) rose 14.1% to $15.75 in pre-market trading after reporting preliminary unaudited fourth quarter product revenue and full-year 2024 product revenues.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) fell 24.8% to $4.31 in pre-market trading after gaining 9% on Friday.</li>
<li>Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) fell 20.5% to $1.71 in today's pre-market trading after jumping 41% on Friday.</li>
<li>Direct Digital Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) fell 19.5% to $1.32 in pre-market trading after jumping around 38% on Friday.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) shares fell 18.6% to $0.8458 in pre-market trading after the company files for mixed shelf offering up to $100 million.</li>
<li>LeddarTech Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares dipped 18.5% to $0.9624 in pre-market trading after declining around 14% on Friday.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) fell 17% to $7.41 in pre-market trading after dipping 11% on Friday.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) dipped 14.5% to $4.93 in pre-market trading.</li>
<li>ScanTech AI Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAI#NASDAQ">STAI</a>) shares fell 14.5% to $1.95 in pre-market trading after gaining around 5% on Friday.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) declined 13.4% to $42.00 in pre-market trading. Mercury General shares dipped around 20% on Friday after the company announced it anticipates wildfire losses in Southern California to surpass $150 million in reinsurance retention levels.</li>
<li>Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) shares tumbled 8.1% to $6.82 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42923396/wall-streets-most-accurate-analysts-weigh-in-on-3-real-estate-stocks-with-over-7-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields</a></li>
</ul>

Why Sage Therapeutics Shares Are Trading Higher By Over 34%; Here Are 20 Stocks Moving Premarket

At least 10 people have been killed in the Los Angeles fires this week, with over 9,000 structures destroyed, according to the latest estimates <a href="https://www.latimes.com/california/live/pacific-palisades-fire-updates-los-angeles">cited</a> by the L.A. Times.
What Happened: Several wildfires broke out on Tuesday and Wednesday in Los Angeles following <a href="https://www.benzinga.com/25/01/42855962/los-angeles-ventura-counties-brace-for-windstorm-as-bad-as-it-gets-for-fire-weather">a strong windstorm</a>. While officials are slowly containing the blaze, the economic damage amounts to <a href="https://www.benzinga.com/news/25/01/42922091/spacex-apple-airbnb-and-more-companies-pitch-in-to-support-california-residents-after-wildfires-we-want-to-help">the most devastating</a> in the city&#8217;s history.
The windstorm created a severe fire risk and several fires are still burning on Friday, the Los Angeles Times <a href="https://www.latimes.com/wildfires-map/?fire=palisades">reported</a>.
The blaze that began in Pacific Palisades burned over 20,000 acres of land. As of Friday, it is 8% contained.
<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">Every kid in the US learns of the Great Chicago Fire (2,112 acres) in school and how modern building codes &amp; fire depts have made this impossible, yet both the 2023 Lahaina &amp; the current Palisades Fire crossed 17,000 acres &#8211; 8x the size! I marked up a map of Chicago to compare. <a href="https://t.co/jXiRWUosCE">pic.twitter.com/jXiRWUosCE</a>
&mdash; Shaun Cooley (@shauncooley) <a href="https://twitter.com/shauncooley/status/1877410391443255485?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">The fire is nearly 10 times larger than the Great Chicago Fire of 1871. Analysts project the total economic damage to range from $50 billion to $150 billion, <a href="https://www.washingtonpost.com/business/2025/01/09/los-angeles-wildfire-economic-losses/">according </a>to the Washington Post.</figcaption></figure>
The Eaton Fire in Altadena and the San Gabriel Valley has burned over 13,000 acres and is merely 3% contained. Other fires are burning north of Calabasas and near Santa Clarita.
Over 200,000 Californians were without power on Friday, <a href="https://poweroutage.us/">according </a>to Power Outage.
Experts <a href="https://www.bbc.com/news/articles/c0ewe4p9128o">attribute </a>the increase in wildfires in recent years to the effects of climate change.
Why it Matters: Several companies with operations in Los Angeles are exposed to the fires.
Shares of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), the region&#8217;s utility provider, have tumbled more than 18% since Monday. Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), another utility provider, saw its shares sink more than 10%.
Insurance providers Chubb Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) saw their share prices deep in the red on Friday. Shares of Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) fell over 20%.
Also Read:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42922299/wall-street-tumbles-on-blowout-payrolls-oil-rallies-to-76-us-dollar-hits-26-month-highs-whats-driving-markets-friday">Wall Street Tumbles On Blowout Payrolls, Oil Rallies To $76, US Dollar Hits 26-Month Highs: What&#8217;s Driving Markets Friday? </a></li>
</ul>
Image: Shutterstock

Equities

10 Dead, 9,000 Structures Damaged In Los Angeles Wildfires: The Latest

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling over 400 points on Friday.
The Dow traded down 1.19% to 42,129.32 while the NASDAQ dipped 1.16% to 19,252.53. The S&amp;P 500 also fell, dropping, 1.10% to 5,853.26.
Check This Out: <a href="https://www.benzinga.com/25/01/42900074/how-to-earn-500-a-month-from-synovus-financial-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings</a>
Leading and Lagging Sectors Energy shares rose by 0.6% on Friday.
In trading on Friday, information technology shares tumbled by 2.1%.
Top Headline
Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) reported better-than-expected fourth-quarter results and issued 2025 guidance.
Delta reported fourth-quarter adj. operating revenue growth of 5.7% year-over-year to $14.437 billion. GAAP operating revenue was $15.56 billion (+9.4% YoY), beating the consensus of $14.212 billion.
Adjusted average fuel price was $2.34 per gallon, down from $3.00 from last year's quarter. Adjusted EPS was $1.85 (+44.5% YoY), beating the consensus of $1.76.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) shares shot up 28% to $11.82 after the company reported better-than-expected first-quarter financial results.</li>
<li>Shares of Vision Marine Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>)got a boost, surging 53% to $2.33 as it regained compliance with Nasdaq's minimum stockholders' equity requirement, which it previously failed to meet. Vision Marine partnered with Calip Group to produce advanced cooling plates for electric boat batteries.</li>
<li>Savers Value Village, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) shares were also up, gaining 12% to $10.50 after the company reported preliminary fourth quarter and full year net sales.</li>
</ul>
Equities Trading DOWN
<ul>
<li>IGM Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) shares dropped 66% to $2.1250 after the company announced it is halting further development of Imvotamab and IGM-2644.</li>
<li>Shares of Maravai LifeSciences Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVI#NASDAQ">MRVI</a>) were down 22% to $4.81 after announcing preliminary unaudited 2024 revenue.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) was down, falling 21% to $48.05 after the company announced it anticipates wildfire losses in Southern California to surpass $150 million in reinsurance retention levels.</li>
</ul>
Commodities In commodity news, oil traded up 3.1% to $76.21 while gold traded up 0.9% at $2,715.20.
Silver traded up 0.9% to $31.290 on Friday, while copper fell 0.2% to $4.3025.
Euro zone
European shares were lower today. The eurozone's STOXX 600 declined 0.84%, Germany's DAX 40 fell 0.50% and France's CAC 40 dipped 0.79%. Spain's IBEX 35 Index fell 1.5%, while London's FTSE 100 slipped 0.86%.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 1.05%, China's Shanghai Composite Index dipping 1.33%, Hong Kong's Hang Seng Index declining 0.92% and India's BSE Sensex falling 0.31%.
Economics
<ul>
<li>Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing economist expectations of 160,000 payrolls as tracked by TradingEconomics.</li>
<li>The unemployment rate fell from 4.2% to 4.1%, beating forecasts of an unchanged reading.</li>
<li>Average hourly earnings rose 0.3% month-over-month in December, matching expectations but slowing from November's 0.4%. On a year-over-year basis, wages increased 3.9%, slightly below of the 4% forecast.</li>
<li>The University of Michigan consumer sentiment declined to 73.2 in January versus 74 in the previous month.</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/42873668/jim-cramer-lemonade-is-up-too-much-this-health-care-stock-can-go-lower">Jim Cramer: Lemonade Is &#8216;Up Too Much,&#8217; This Health Care Stock Can Go Lower</a></li>
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Earnings

Eurozone

Commodities

IGMS

MRVI

Crude Oil Surges 3%; Delta Air Lines Posts Better-Than-Expected Earnings

WIIM

Mercury General shares are trading lower after the company announced it anticipates wildfire losses in Southern California to surpass $150 million in reinsurance retention levels.

Mercury General Corporation (the "Company," "Mercury" or "We") announced today its preliminary assessment of the impact of the recent wildfires in Southern California.
An extreme wind-driven wildfire event that began on January 7, 2025 has caused widespread damage across parts of Southern California. The wildfires continue to burn, and it will be some time before the Company has an estimate of the total losses caused by this event. Based on information available to date, we expect the losses to exceed our reinsurance retention level of $150 million.
The Company's reinsurance program provides $1,290 million of limits on a per occurrence basis after covered catastrophe losses exceed the Company's retention of $150 million. The Company's reinsurance program also provides coverage for assessments from the California FAIR plan. To the extent that losses are reinsured, the reinsurance program calls for reinstatements of limits to cover future events. If the full $1,290 million limits are used up, then the total reinstatement premium would be $101 million.

Mercury General Anticipates Wildfire Losses In Southern California To Surpass $150M Reinsurance Retention Level; Coverage Available Up To $1.29B With $101M Reinstatement Premium

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Friday.
Shares of PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) fell sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/PSMT/earnings">worse-than-expected first-quarter EPS results.</a>
Pricesmart posted quarterly GAAP EPS of $1.21, missing market estimates of $1.31.
PriceSmart shares fell 3.3% to $90.40 &nbsp;in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) shares tumbled 30.1% to $42.42 in pre-market trading after declining around 6% on Wednesday.</li>
<li>Vinci Partners Investments Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) shares dipped 15.5% to $8.10 in pre-market trading.</li>
<li>Urogen Pharma Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) fell 7.6% to $10.20 in pre-market trading.</li>
<li>ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) declined 7.4% to $19.16 in pre-market trading.</li>
<li>ORIC Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) fell 5.8% to $8.01 in pre-market trading.</li>
<li>Natwest Group PLC – ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWG#NYSE">NWG</a>) fell 5.5% to $9.30 in pre-market trading.</li>
<li>Regional Management Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) declined 4.8% to $31.20 in pre-market trading. Regional Management will report fourth quarter results on Wednesday, Feb. 5.</li>
<li>Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) fell 2.8% to $80.70 in pre-market trading. Roku shares surged over 6% on Wednesday after the company reported surpassing 90 million streaming households in the first week of January 2025.</li>
</ul>
Now Read This: 
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</ul>

ORIC

PSMT

ROKU

URGN

PriceSmart Posts Weak Earnings, Joins Roku And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Shares of Zoomcar Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) rose sharply in today's pre-market trading after the company announced a significant achievement in its financial performance, reporting the highest-ever unaudited and unreviewed contribution profit for <a href="https://www.benzinga.com/25/01/42894964/zoomcar-achieves-highest-ever-december-profit-driven-by-17-increase-in-bookings">December 2024</a>.
The company achieved $494,506 in contribution profit for the month, which was sufficient to cover its operational costs in India. It is to be noted that Zoomcar currently only operates in India and does not incur operational costs in any other country.
Zoomcar Holdings shares jumped 40.5% to $2.50 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Vision Marine Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) gained 102% to $3.07 in pre-market trading after the company partnered with Calip Group to produce advanced cooling plates for electric boat batteries.</li>
<li>Bridger Aerospace Group Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) gained 56.3% to $4.36 in pre-market trading after surging 12% on Wednesday.</li>
<li>Mars Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAI#NASDAQ">STAI</a>) rose 44.5% to $3.15 in pre-market trading after the company announced it sees a growth path after its successful de-SPAC transaction.</li>
<li>Microvast Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) rose 35.3% to $2.53 in pre-market trading after the company announced breakthrough in true all-solid-state battery technology.</li>
<li>Senseonics Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SENS#NYSE">SENS</a>) gained 29.6% to $0.56 in pre-market trading after the company announced business updates including preliminary 2024 results, 365 launch update and cancellation of special meeting.</li>
<li>Precision BioSciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTIL#NASDAQ">DTIL</a>) gained 27.3% to $5.73 in pre-market trading after the company's partner iECURE has reported clinical efficacy and safety data in the first patient dosed with ECUR-506 in the phase 1/2 OTC-HOPE study.</li>
<li>Intrusion Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) gained 25% to $2.50 in pre-market trading after falling 23% on Wednesday.</li>
<li>Penguin Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) gained 15.8% to $22.15 in pre-market trading after the company signed AI data center collaboration agreement with SK Telecom and SK hynix.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) gained 12.2% to $4.96 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>IGM Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) fell 66.3% to $2.09 in pre-market trading as the company halted further development of Imvotamab and IGM-2644 and plans reducing its workforce by 73%.</li>
<li>Calidi Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#NASDAQ">CLDI</a>) fell 31.1% to $0.93 in today's pre-market trading after announcing a proposed public offering.</li>
<li>Mercury General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) fell 30.1% to $42.42 in pre-market trading after declining around 6% on Wednesday.</li>
<li>22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares fell 29.1% to $5.75 in pre-market trading after surging over 40% on Wednesday.</li>
<li>Aviat Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) fell 25.5% to $14.00 in pre-market trading.</li>
<li>Silo Pharma Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) dipped 22.2% to $1.33 in pre-market trading. Silo Pharma shares jumped 57% on Wednesday after the company announced it was awarded a US patent for its PTSD treatment titled &#8216;Pharmacological Prophylactics Against Stress-Induced Affective Disorders in Females.&#8217;</li>
<li>CURRENC Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares fell 21.6% to $3.07 in pre-market trading after jumping 182% on Wednesday.</li>
<li>European Wax Center Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) shares tumbled 20.4% to $5.10 in pre-market trading.</li>
<li>Vinci Partners Investments Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINP#NASDAQ">VINP</a>) shares dipped 15.5% to $8.10 in pre-market trading.</li>
<li>ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) declined 7.4% to $19.16  in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42900074/how-to-earn-500-a-month-from-synovus-financial-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings</a></li>
</ul>

AVNW

BAER

CLDI

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

DTIL

EWCZ

INTZ

MVST

Penguin Solutions, Inc. - Ordinary Shares

PENG

SENS

SILO

XXII

ZCAR

Why Zoomcar Shares Are Trading Higher By Over 40%; Here Are 20 Stocks Moving Premarket

Amid the ongoing devastation caused by wildfires in Los Angeles, Warren Buffett&#8216;s Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), the nation&#8217;s largest property and casualty insurer, is expected to experience minimal financial impact, while other insurers face significant exposure due to its substantial presence in California&#8217;s homeowners insurance market.
What Happened: Berkshire Hathaway&nbsp;is not a major player in the California homeowners insurance market, hence the impact of the wildfires is expected to be minimal. However, other insurers like&nbsp;Mercury General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>),&nbsp;Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>),&nbsp;Chubb Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), and&nbsp;Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)&nbsp;could face substantial losses, Barron&#8217;s <a href="https://www.barrons.com/amp/articles/berkshire-hathaway-los-angeles-fire-losses-8e0e5591">reported </a>on Friday.
J.P. Morgan analyst Jimmy Bhullar&nbsp;noted on Thursday that insured losses from the fires might surpass $20 billion, setting a new record for wildfire losses in California. 
Mercury General, heavily reliant on California for its premiums, could be the most vulnerable relative to its size. The company wrote over $700 million in homeowners insurance&nbsp;premiums in the state during&nbsp;the first nine months of&nbsp;2024. Mercury&#8217;s stock fell 6.5% on Wednesday, reflecting investor concerns about its exposure to the fires.
Meanwhile,&nbsp;Berkshire Hathaway could see losses of about $600 million, a minor fraction of its insurance capital. The company might benefit from potential increases in insurance pricing following the fires.
Why It Matters: The ongoing wildfires in Los Angeles have <a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis">caused extensive damage</a>, with estimates suggesting total damages could exceed $52 billion, according to&nbsp;Accuweather. More than 2,000 structures have been damaged or destroyed, with further destruction anticipated as red flag warnings persist.
The fires have ignited concerns among investors regarding the stability of <a href="https://www.benzinga.com/markets/equities/25/01/42906089/california-wildfires-ignite-concerns-for-insurance-stocks-here-are-some-insurance-etfs-which-could-be-impacted">California-based insurance stocks</a> and ETFs. The Eaton and Palisades fires alone have ravaged over 10,000 structures, leading to 10 confirmed fire-related deaths. As the crisis unfolds, insurers like&nbsp;Allstate&nbsp;and&nbsp;Travelers&nbsp;are under scrutiny, given their significant roles in the California market. The California FAIR Plan, a state-backed insurer of last resort, is also heavily involved in insuring homes in the affected areas.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, on Friday during pre-market hours, Berkshire Hathaway was showing minimal upward movement by 0.022% while Chubb had dropped by 3.60%, Travelers Company was down by 4.85% while Allstate fell by 6.15%. 
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/42906229/dow-surges-over-100-points-following-fed-minutes-investor-sentiment-declines-greed-index-remains-in-fear-zone">Dow Surges Over 100 Points Following Fed Minutes: Investor Sentiment Declines, Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Representative Image via Wikimedia Commons

General

Warren Buffett's Berkshire Hathaway To Have Minimal Impact From LA Wildfires, But Insurers Like Mercury General, Chubb Face Higher Risk

Mercury General shares are trading higher after the company reported better-than-expected Q3 financial results.

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly earnings of $2.54 per share which beat the analyst consensus estimate of $1.70 by 49.41 percent. The company reported quarterly sales of $1.53 billion which beat the analyst consensus estimate of $1.37 billion by 11.85 percent. This is a 43.66 percent increase over sales of $1.06 billion the same period last year.

Earnings Beats

Mercury General Q3 2024 Adj EPS $2.54 Beats $1.70 Estimate, Sales $1.53B Beat $1.37B Estimate

California has faced numerous wildfires in recent memory as <a href="https://www.benzinga.com/topic/climate-change">climate change-induced weather</a> wreaks havoc on the Golden State. Which companies could be affected by the <a href="https://www.benzinga.com/markets/equities/24/08/40112086/august-heat-wave-grips-us-12-stocks-to-watch-as-blistering-temperatures-affect-nearly-150-millio">ongoing Park Fire</a> in Northern California?
Park Fire Rundown: The Park fire, the largest wildfire currently burning in the U.S., has ravaged over 426,000 acres in Northern California, particularly within Lassen National Forest, according <a href="https://www.nytimes.com/2024/08/08/us/park-fire-california.html?partner=slack&amp;smid=sl-share">to</a> the New York Times.
The fire, ignited by an arson attack on July 24 near Chico in Butte County, has destroyed hundreds of homes and structures and was 34% contained as of Wednesday. 
The fire spread rapidly due to hot, dry conditions and dense vegetation. Due to the region&#8217;s rugged terrain, firefighters face difficulties in managing the fire. This fire has become the fourth largest in California history and could surpass the third-largest Mendocino Complex fire.
Experts attribute its intensity to climate change&#8217;s impact on California&#8217;s weather conditions. The hotter, drier climate extended and worsened wildfire seasons.
The fire is in a similar region to the deadly 2018 Camp Fire in Butte County.
Market Implications: California wildfires can negatively affect several companies, including those in the insurance, utilities and logistics industries.
Hanover Insurance Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) and Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) each took hits in the aftermath of the 2018 Camp Fire.
It is unclear what PG&amp;E Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) exposure is to the Park Fire. The utility provider, which supplies electricity to the region, <a href="https://krcrtv.com/news/local/pge-restores-power-to-over-2000-customers-affected-by-the-park-fire">confirmed</a> that it left some customers without power. A failure in PG&amp;E&#8217;s electrical infrastructure caused the 2018 Camp Fire; the company <a href="https://www.benzinga.com/news/20/06/16327971/pg-e-bankruptcy-plan-gets-court-approval">later pleaded guilty</a> to the deaths of 84 victims of the fire.
Water utility firm California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) operates in Chico and nearby Oroville.
Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) seemingly <a href="https://www.up.com/aboutup/reference/maps/system_map/index.htm">operates</a> railway lines close to the site of the fire. The lines connect Sacramento to the Pacific Northwest and Reno, Nevada.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/08/40224567/as-tropical-storm-debby-hits-south-carolina-bettors-predict-an-aggressive-hurricane-season-will-it-b">As Tropical Storm Debby Hits South Carolina, Bettors Predict An Aggressive Hurricane Season: Will It Be The Worst Ever?</a></li>
</ul>

Events

The Park Fire Rages On: Which Companies Could Be Affected By California's Fourth-Largest Wildfire Ever?

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.80 by 41.25 percent. The company reported quarterly sales of $1.24 billion which missed the analyst consensus estimate of $1.33 billion by 6.56 percent. This is a 14.50 percent increase over sales of $1.08 billion the same period last year.

Earnings Misses

Mercury General Q2 2024 Adj EPS $1.13 Beats $0.80 Estimate, Sales $1.24B Miss $1.33B Estimate

Investors might want to bet on Mercury General (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company&#39;s changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Mercury General is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Mercury General, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for Mercury General
For the fiscal year ending December 2024, this auto insurance company is expected to earn $3.44 per share, which is a change of 1046.7% from the year-ago reported number.
Analysts have been steadily raising their estimates for Mercury General. Over the past three months, the Zacks Consensus Estimate for the company has increased 18.6%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Mercury General to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2286829/mercury-general-mcy-upgraded-to-strong-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2286829">To read this article on Zacks.com click here.</a>

Upgrades

Analyst Ratings

Mercury General Upgraded to Strong Buy: What Does It Mean for the Stock?

Mercury General shares are trading higher after the company reported better-than-expected Q1 financial results.

Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) reported quarterly Adj earnings of $0.78 per share which beat the analyst consensus estimate of $0.12 by 550 percent. The company reported quarterly sales of $1.274 billion which beat the analyst consensus estimate of $1.236 billion by 3.11 percent. This is a 15.09 percent increase over sales of $1.107 billion the same period last year.

Mercury General Q1 2024 Adj EPS $0.78 Beats $0.12 Estimate, Sales $1.274B Beat $1.236B Estimate

Prudential Financial, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pru#NYSE">PRU</a>) shares have rallied 25.9% in a year compared with the industry&#39;s growth of 14.7%. The Finance sector and the Zacks S&amp;P 500 composite have risen 17.4% and 24.1%, respectively, in the same time frame.
With a market capitalization of $39.42 billion, the average volume of shares traded in the last three months was 1.56 million.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/64995.jpg?v=321114718" /> 
Image Source: Zacks Investment Research
The rally was largely driven by the growing pension risk transfer (PRT) market, higher emerging markets earnings, expanding distribution, product offerings, improved spread income, strategic acquisitions and a solid financial position. 
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.07% and 0.2% north, respectively, in the past seven days, reflecting analysts&#39; optimism on the stock.
<h3>Will the Bull Run Continue?</h3>
The Zacks Consensus Estimate for PRU&#39;s 2024 earnings per share indicates a year-over-year increase of 15.3% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $55.57 billion, implying a year-over-year improvement of 9.1% from the consensus mark of 2023. 
The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 8.3% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $57.19 billion, implying a year-over-year improvement of 2.9% from the consensus mark of 2024. 
In 2023, Prudential Financial&#39;s return on equity of 16% expanded 120 basis points year over year. This shows the company&#39;s efficiency in managing shareholders&#39; funds. 
This Zacks Rank #3 (Hold) multi-line insurer&#39;s International businesses are expected to gain from higher emerging markets earnings, a favorable impact from annual assumption update and other refinements. It aims at providing high-quality service and expanding distribution and product offerings via a differentiated multi-channel distribution model as well as other businesses. 
The U.S. businesses should continue to gain from a favorable and comparable impact from annual assumption update, higher spread income and more favorable underwriting. 
Prudential Financial has been a leader in the PRT market, helping companies reduce risks related to pension liabilities, such as interest rate risk, earnings volatility and participant longevity. PRU recently announced that it has been selected for a PRT transaction from Verizon Communications Inc. This move bodes well for the insurer&#39;s Retirement Strategies business, whose market is expected to grow over time. 
The multi-line insurer continues to invest in partnerships that enable it to grow in emerging markets. PRU undertakes several strategic initiatives, which poise it well for long-term growth. It continues to invest in the long-term sustainable growth of the business through programmatic acquisitions and partnerships in emerging markets to build scale and complement businesses in support of long-term growth. 
Prudential Financial boasts a sturdy balance sheet strength that includes highly liquid assets of $4.5 billion as of Dec 31, 2023 and a capital position that continues to support an AA financial strength rating. The company continues to balance investments in the growth of businesses with returning capital to shareholders. 
The multi-line insurer has been increasing its dividend for the past 15 years. Its dividend yield of 4.7% compares favorably with the industry&#39;s figure of 2.6%. In the first quarter of 2024, the board also authorized a 4% dividend increase, which represents the 16th consecutive annual dividend increase.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the insurance industry are HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>), Palomar Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) and Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. 
HCI Group has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 522.51%. In the past year, shares of HCI have surged 114.4%. 
The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies year-over-year growth of 37.9% and 11.6%, respectively, from the consensus estimate of the corresponding years. 
Palomar Holdings has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 11.12%. In the past year, shares of PLMR have soared 38.6%. 
The Zacks Consensus Estimate for PLMR&#39;s 2024 and 2025 earnings implies year-over-year growth of 16.2% and 18%, respectively, from the consensus estimate of the corresponding years. 
Mercury General has a solid track record of beating earnings estimates in three of the trailing four quarters and missed in one, the average being 3,417.48%. In the past year, shares of MCY have rallied 68.4%. 
The Zacks Consensus Estimate for MCY&#39;s 2024 and 2025 earnings implies year-over-year growth of 866.67% and 34.48%, respectively, from the consensus estimate of the corresponding years.
<a href="https://www.zacks.com/stock/news/2255026/prudential-financial-pru-up-25-9-in-a-year-more-room-to-run?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2255026">To read this article on Zacks.com click here.</a>

Small Cap

PLMR

Prudential Financial Up 25.9% in a Year: More Room to Run?

U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday.
Shares of CarMax, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmx#NYSE">KMX</a>) fell sharply in today&rsquo;s pre-market trading after the company reported lower-than-expected <a href="https://www.benzinga.com/quote/KMX/earnings">fourth-quarter earnings</a>.
<ul>
<li>CarMax posted quarterly earnings of 32 cents per share, missing market estimates of 49 cents per share. The company&rsquo;s quarterly sales came in at $5.63 billion versus expectations of $5.79 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</li>
<li>CarMax shares dipped 9.1% to $72.06 in pre-market trading.</li>
<li>Here are some big stocks recording losses in today&rsquo;s pre-market trading session.</li>
<li>The Lovesac Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/love#NASDAQ">LOVE</a>) shares fell 13% to $20.30 in pre-market trading after the company reported worse-than-expected fourth-quarter results and issued first-quarter guidance.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares dipped 12.4% to $9.30 in pre-market trading.</li>
<li>AVITA Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) shares fell 11.6% to $12.76 in pre-market trading after the company announced an update to its expected commercial revenue for the first quarter of 2024. BTIG downgraded the stock from Buy to Neutral.</li>
<li>DigiAsia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/faas#NASDAQ">FAAS</a>) shares fell 7.1% to $8.11 in pre-market trading after jumping around 19% on Wednesday.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) shares declined 6.2% to $6.00 in pre-market trading after gaining over 6% on Wednesday.</li>
<li>Grifols, S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grfs#NASDAQ">GRFS</a>) shares fell 5% to $6.62 in pre-market trading.</li>
<li>Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) shares declined 5.1% to $70.90 in pre-market trading following worse-than-expected first-quarter financial results.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) fell 4.5% to $49.00 in pre-market trading. Mercury General is expected to report first-quarter earnings after the markets close on Tuesday, April 30, 2024.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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CarMax Reports Downbeat Earnings, Joins Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

<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>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares moved upwards by 5.26% to $0.74 during Wednesday's regular session. Huize Holding's stock is trading at a volume of 10.0K 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 $35.9 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock moved upwards by 2.07% to $5.4. The current volume of 3.5K shares is 0% of Fanhua'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 $334.7 million. </li>
<li>Tiptree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIPT#NASDAQ">TIPT</a>) stock rose 1.9% to $17.09. As of 12:40 EST, this security is trading at a volume of 16.9K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $616.2 million. </li>
<li>Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) stock moved upwards by 1.88% to $1.08. As of 12:40 EST, Waterdrop's stock is trading at a volume of 141.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $385.5 million. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock increased by 1.81% to $5.06. As of 12:40 EST, Cheche Group's stock is trading at a volume of 38.1K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $373.4 million. </li>
<li>Assured Guaranty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGO#NYSE">AGO</a>) shares moved upwards by 1.72% to $85.01. As of 12:40 EST, Assured Guaranty's stock is trading at a volume of 75.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $4.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SiriusPoint (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPNT#NYSE">SPNT</a>) shares fell 7.42% to $11.37 during Wednesday's regular session. The current volume of 465.6K shares is 0% of SiriusPoint'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 $2.0 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock fell 5.48% to $16.92. The current volume of 573.4K shares is 0% of Lemonade'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 $1.2 billion. </li>
<li>Skyward Specialty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKWD#NASDAQ">SKWD</a>) shares decreased by 4.79% to $33.01. As of 12:40 EST, Skyward Specialty's stock is trading at a volume of 262.6K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.3 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) stock decreased by 4.44% to $1.61. As of 12:40 EST, this security is trading at a volume of 208.1K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $272.0 million. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock declined by 4.4% to $10.48. Trading volume for this security as of 12:40 EST is 35.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $261.8 million. </li>
<li>Mercury General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) stock decreased by 3.45% to $49.02. As of 12:40 EST, Mercury General's stock is trading at a volume of 102.7K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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