CNinsure (CISG) Worth Watching: Stock Rises 8.5%

Zacks

CNinsure Inc. (CISG) was a big mover last session, with shares rising over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost nearly 11% in the past one-month time frame.

This insurance broker has seen one positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

CNinsure currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Some other well-placed insurance stocks that warrant a look are Blue Capital Reinsurance Holdings Ltd. (BCRH), CNO Financial Group, Inc. (CNO) and Assurant Inc. (AIZ). While BCRH sports a Zacks Rank #1, CNO and AIZ carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



CNINSURE ADS (CISG): Free Stock Analysis Report

BLUE CAPITAL REINSURANCE HOLDING (BCRH): Free Stock Analysis Report

CNO FINANCIAL GROUP INC (CNO): Free Stock Analysis Report

ASSURANT INC (AIZ): Free Stock Analysis Report


Zacks Investment Research

View Comments (0)

Recommended for You