Fortegra Financial Corporation (FRF) was a big mover last session, as the company saw its shares rise more than 6% 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 trend for the company as the stock is now down 9.13% in the past one-month time frame.
This multi-line insurer witnessed two downward revisions over the last 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Fortegra Financial carries a Zacks Rank #4 (Sell), while its Earnings ESP is negative.
However, some better-ranked stocks in the same industry include AXA Group (AXAHY), Ping An Insurance (Group) Company of China, Ltd. (PNGAY) and Prudential plc (PU). All these stocks carry a Zacks Rank #2 (Buy).
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