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Eastern Insurance (EIHI) Worth Watching: Stock Surges 15.4%

Zacks Equity Research

Eastern Insurance Holdings, Inc. (EIHI) was a big mover last session, as the company saw its shares advance more than 15% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This is a continuation of the recent uptrend for this insurance company, as the stock is now up more than 17% over the past one-month time period.

The company has seen 2 positive revisions in the past few weeks and its earnings consensus has moved up over the past two months, suggesting there could be more solid trading down the road for EIHI. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Eastern Insurance currently has a Zacks Rank #1 (Strong Buy) and its Earnings ESP is 0.00%.

Other insurance stocks worth considering include Global Indemnity plc (GBLI), FBL Financial Group Inc. (FFG) and CNA Financial Corporation (CNA). All these carry the same Zacks Rank as Eastern Insurance.

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