National Interstate Corporation (NATL) was a big mover last session, as its shares rose almost 40% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $21.82 to $24.09 in the past one-month time frame.
In the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally lasts.
National Interstate currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Other better-ranked stocks in the property and casualty insurance industry include White Mountains Insurance Group, Ltd. (WTM), United Insurance Holdings Corp. (UIHC) and RLI Corp. (RLI). All three sport a Zacks Rank #1 (Strong Buy).
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