Copper (HG)

La vendita allo scoperto per Hamilton Insurance Group dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Hamilton Insurance Group. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Hamilton Insurance Group (NYSE:HG) Azioni, Report sulle vendite allo scoperto

Hamilton Insurance Group

Hamilton Insurance Group Ltd is a specialty insurance and reinsurance company. It operates globally, with underwriting operations in Lloyd's, Ireland, Bermuda, and the United States. It operates three principal underwriting platforms (Hamilton Global Specialty, Hamilton Select and Hamilton Re) that are categorized into two reporting business segments: International and Bermuda.

Hamilton Insurance Group, Ltd. Class B Common Shares

Hamilton Insurance Group Ltd

GLOBAL GAS CORPORATION A by Global Gas Corporation

Global Gas Corp

Heritage Global Inc

Hydrograph Clean Power Inc

HG CAPITAL TRUST by HG Capital Trust

Humanigen Inc

Harbor Commodity All-Weather Strategy ETF

Hedget

HIGHWAY 50 GOLD CORP by Highway 50 Gold Corp.

Highway 50 Gold Corp

hhgregg Inc

HighGold Mining Inc Ordinary Shares - Class A

HIGH ARCTIC ENGY SVCS NEW by HIGH ARCTIC ENERGY SVCS INC NEW

High Arctic Energy Services Inc

HEARTLAND GROUP HLDGS LTD by HEARTLAND GROUP HLDGS LTD

HAGIHARA INDUS INC by Hagihara Industries Inc.

POWER ASSETS HOLDINGS LTD by Power Assets Holdings Ltd.

Power Assets Holdings Ltd

POWER ASSETS HLDGS S/ADR by Power Assets Holdings Ltd.

Highland Global Allocation Fund Common Stock

Highland Global Allocation Fund

Hunt Gold Corp

PATAGONIA GOLD CORP by Patagonia Gold Corp.

Patagonia Gold Corp

HARMONY GLD MNG LTD ORD by Harmony Gold Mining Company Ltd.

Harmony Gold Mining Co Ltd

HORIZON GROUP PPTYS INC by Horizon Group Properties, Inc.

Horizon Group Properties Inc

HYDROGRAPH CLEAN PWR INC by HydroGraph Clean Power Inc.

HARGREAVES SERVICES ORD by Hargreaves Services Plc

Hargreaves Services PLC

HUGOTON ROYALTY TR UBI by Hugoton Royalty Trust

Hugoton Royalty Trust

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HOGY MEDICAL CO LTD by Hogy Medical Co. Ltd.

Hogy Medical Co Ltd

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Hong Yuan Hldg Group

APLMW

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

APLM

UBS analyst Jay Sole maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Sell and raises the price target from $14 to $16.

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Price Target

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UBS Maintains Sell on Gap, Raises Price Target to $16

UBS analyst Mark Carden maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $102 to $108.

UBS Maintains Buy on BJ's Wholesale Club, Raises Price Target to $108

UBS analyst Steven Fisher maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Neutral and raises the price target from $404 to $462.

UBS Maintains Neutral on Deere, Raises Price Target to $462

UBS analyst Karl Keirstead maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Neutral and raises the price target from $275 to $360.

UBS Maintains Neutral on Salesforce, Raises Price Target to $360

Jefferies analyst Lloyd Byrne maintains Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) with a Hold and raises the price target from $12 to $22.

Jefferies Maintains Hold on Bloom Energy, Raises Price Target to $22

Jefferies analyst Jonathan Petersen maintains SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) with a Hold and raises the price target from $70 to $72.

Jefferies Maintains Hold on SL Green Realty, Raises Price Target to $72

Ocean Biomedical, Inc. (NASDAQ: OCEA), today announced that on November 18, 2024, it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC").
Ocean Biomedical is delayed in filing the Form 10-Q as a result of previously disclosed developments with respect to filing of its 10-K for the year ended December 31, 2023.
The current notice will have no immediate effect on the listing or trading of Ocean Biomedical's common stock on Nasdaq, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the company's common stock. On October 16, 2024, Staff notified the Company that since it failed to timely file its Form 10-K for the year ended December 31, 2023, and its Forms 10-Q for the periods ended March 31, 2024 and June 30, 2024, the Company's securities were subject to delisting. The Company is now delinquent in the filing its form 10-Q for the period ended September 30, 2024. Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market. This is formal notification that the Nasdaq Hearings Panel (the "Panel") will consider this matter in their decision regarding the Company's continued listing on The Nasdaq Capital Market, which hearing is scheduled for December 16, 2024. The Company intends to file the delinquent Forms 10-Q and 10-K as soon as practicable.

OCEA

Ocean Biomedical Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report

DA Davidson analyst Gil Luria maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Neutral and raises the price target from $60 to $70.

PCOR

DA Davidson Maintains Neutral on Procore Technologies, Raises Price Target to $70

Chesapeake Utilities Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares"). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann &amp; Co. Inc., Guggenheim Securities, LLC, Citizens JMP Securities, LLC, M&amp;T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams Shank &amp; Co., LLC (collectively, the "Sales Agents"), as sales agents. Pursuant to the equity distribution agreement, sales of the Shares may be made in transactions deemed to be "at-the-market offerings," as defined in Rule 415 under the Securities Act of 1933, as amended, including by sales made directly on or through the New York Stock Exchange. Chesapeake Utilities intends to use the proceeds from the sales, if any, of the Shares for general corporate purposes, including, but not limited to, financing of capital expenditures, repayment of short-term debt, financing acquisitions, investing in subsidiaries, and general working capital purposes.

Offerings

Chesapeake Utilities Corporation Announces $100M At-The-Market Equity Offering Program

DA Davidson analyst Gil Luria maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Neutral and raises the price target from $90 to $135.

NVDA

DA Davidson Maintains Neutral on NVIDIA, Raises Price Target to $135

DA Davidson analyst Gil Luria maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Neutral and raises the price target from $75 to $115.

ESTC

DA Davidson Maintains Neutral on Elastic, Raises Price Target to $115

<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">President-elect Donald Trump</a> needs to find someone else to replace US Securities and Exchange Commission chair Gary Gensler. 
The Details: According to <a href="https://www.bloomberg.com/news/articles/2024-11-22/robinhood-s-gallagher-drops-out-of-sec-chair-consideration?sref=TBDibEcD">Bloomberg</a>, Dan Gallagher, chief legal officer at Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has removed himself from consideration as head of the SEC.
Gallagher expressed his intention to remain at Robinhood in an emailed statement. 
&#8220;It is always an honor to have your name in the mix for an incredibly important job like SEC Chairman. However, I have made it clear that I do not wish to be considered for this position,&#8221; Gallagher said.&nbsp;
&#8220;I am committed to Robinhood and our millions of customers who represent the new generation of retail investors.&#8221;
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
Gallagher has been Robinhood's chief legal officer since 2020. He steered the company through the GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) meme stock saga and Trump considered him a top <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41212008/trump-considers-robinhood-exec-dan-gallagher-for-sec-chair-if-re-elected">contender for the position</a>. He was a Republican SEC commissioner from 2011 to 2015, and previously served in other senior roles in the agency. 
The crypto community favored Gallagher, feeling he would <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41876266/bitcoin-blasts-past-82000-buy-everything-you-can-says-bernstein">help to advance</a> pro-crypto regulatory change.
Among the other names being floated for SEC chair include: Robert Stebbins, the SEC's former general counsel; Paul Atkins, former SEC commissioner; and Brian Brooks, former <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42053981/trump-sec-pick-speculation-sends-this-altcoin-soaring-past-bitcoin-and-ethereum-in-daily-gains">cryptocurrency executive</a> and former acting comptroller of the currency. 
As for Gallagher, he will stay on as head legal counsel at Robinhood.&nbsp;
"I will remain a vocal and consistent advocate for positive change in our markets,&#8221; Gallagher said. He added that he is &#8220;excited to work with the incoming Trump Administration, including the next SEC Chairman and the SEC staff, to promote innovation and provide more opportunity for retail investors.&#8221;
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Robinhood shares ended Friday's session up 4.45% at $36.65. 
Read Next:&nbsp;
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</ul>
Image: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

Legal

HOOD

MKTX

Robinhood's Gallagher Bows Out Of SEC Chair Consideration Under Incoming Trump Administration

Jefferies analyst Omar Nokta maintains Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) with a Buy and maintains $20 price target.

NVGS

Jefferies Maintains Buy on Navigator Holdings, Maintains $20 Price Target

Despite widespread anticipation that NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)'s quarterly results would dictate Wall Street's year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence <a href="https://www.benzinga.com/quote/NVDA/news">of its AI darling.</a>
While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia's stock remained flat for the week.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), the parent company of Google, faced sharp turbulence. Shares tumbled after the U.S. Department of Justice called for the divestiture of Chrome in a bid to curb Google's dominance in search and digital advertising.
The sell-off wiped out over $120 billion in market capitalization on Thursday alone.
A <a href="https://www.benzinga.com/tech/24/11/42140450/doj-targets-google-chrome-poll-shows-64-oppose-alphabet-breakup-youtube-seen-as-top-prize">recent Benzinga poll indicates</a> 64% of respondents oppose breaking up Alphabet, with YouTube viewed as the company's most valuable asset.
On the economic front, <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42141413/us-business-activity-soars-to-31-month-highs-in-november-small-caps-rally-dow-tops-44000">U.S. private sector activity expanded significantly</a> in November, as reflected in S&amp;P Global's Purchasing Managers' Index surveys. The services sector, in particular, surged at its fastest pace since March 2022, while price pressures continued to recede, creating less headwinds for the Federal Reserve.
Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally shows no signs of cooling, with the cryptocurrency notching its fourth consecutive week of gains and hovering around the <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">historic $100,000 threshold.</a>
The U.S. dollar also maintained its upward momentum, rising for the eighth straight week to <a href="https://www.benzinga.com/news/econ-s/24/11/42138717/dollar-hits-2-year-highs-as-europes-recession-signals-spark-euro-pound-sell-offs">reach two-year highs.</a> This latest rally, however, stemmed largely from external turmoil, as escalating geopolitical tensions between Russia and Ukraine, coupled with worsening economic momentum in Europe, triggered sharp weekly sell-offs in the euro and the British pound.
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President-elect Donald Trump advocates for increased fossil fuel production with his &#8220;drill, baby, drill&#8221; policy. In contrast, Elon Musk, co-leader of the proposed Department of Government Efficiency (DOGE), envisions a future dominated by solar energy. UBS analysts recommend investors consider renewable energy stocks following their <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42130859/as-trump-backs-drill-baby-drill-his-doge-co-lead-elon-musk-believes-all-energy-generation-will-be-solar-heres-what-ubs-recommends-after-election-dip">election-induced market dip.</a>
<h1 class="wp-block-heading">Trump Crypto Clarity</h1>
Cathie Wood of Ark Invest anticipates the Trump administration will provide regulatory clarity for Bitcoin and other digital assets, potentially incorporating them into <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42136536/ark-invests-cathie-wood-says-team-trump-would-give-regulatory-clarity-for-bitcoin-and-other-digital-assets-which-they-may-put-in-the-treasurys-strategic-reserve">the Treasury&#8217;s strategic reserve</a>.
<h1 class="wp-block-heading">GM Eyes F1</h1>
General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is reportedly preparing to enter Formula One in 2026, potentially partnering with Andretti Autosport. This move would mark GM&#8217;s first foray into F1, aligning with its global <a href="https://www.benzinga.com/24/11/42135392/general-motors-gears-up-for-potential-f1-entry-in-2026-report">motorsport expansion strategy.</a>
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42137929/2025-us-economy-outlook-cloudier-than-normal-jpmorgan-says-boom-bust-scenarios">2025 US Economy Outlook &#8216;Cloudier Than Normal,&#8217; JPMorgan Says: Boom, Bust Scenarios</a></li>
</ul>
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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GOOG

GOOGL

Wall Street Rebounds Without Its AI Darling's Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets

Rosenblatt analyst Catharine Trebnick maintains Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Buy and maintains $78 price target.

Rosenblatt Maintains Buy on Zoom Video Comms, Maintains $78 Price Target

Bill Gates outspent fellow billionaire Jeff Bezos to construct one of the <a href="https://www.benzinga.com/general/entertainment/24/09/40860724/bezos-doesnt-sunbathe-alone-on-his-25m-a-year-superyacht-as-he-hosts-kim-kardashian-leonard">most expensive yachts ever</a>. Yet, he doesn&#8217;t seem too keen on owning it for himself.
What Happened: The Microsoft co-founder, known for his <a href="https://www.benzinga.com/general/education/24/10/41580000/bill-gates-turns-69-5-things-you-might-not-know-about-microsoft-co-founder">emphasis on sustainable energy</a>, commissioned a superyacht to be made using fuel cells.
The groundbreaking vessel, known as Breakthrough, has completed its sea trials. It is also set to be sold after Gates passed on buying it, as <a href="https://luxurylaunches.com/transport/bill-gates-645-million-fuel-cell-superyacht-has-finally-completed-its-extensive-sea-trials-powered-by-liquid-hydrogen-stored-at-a-bone-chilling-423f-nearly-as-cold-as-outer-space-the-mammo.php">reported </a>by LuxuryLaunches.
The $645 million superyacht is powered by liquid hydrogen, and stored at -423 degrees Fahrenheit. That makes it nearly as cold as outer space.
Along with using hydrogen power to travel, the yacht&#8217;s amenities are powered with emission-free energy thanks to green hydrogen.
Breakthrough completed trials near Amsterdam. The boat now heads to Edmiston, a seller of luxury yachts.
Coming in at 390 feet long, the Breakthrough is not quite as long as Bezos&#8217; 417-foot Koru vessel. Recall how the Amazon.com founder had difficulty getting the $500-million boat <a href="https://www.benzinga.com/news/22/08/28385974/jeff-bezos-500-million-superyacht-has-been-relocated-after-bridge-controversy-avoids-getting-egged-i">out of a shipyard.</a>
The Koru, which has its own support vessel spanning 250 feet long, comes with estimated annual operating costs of $25 million.
Breakthrough comes with an even higher price tag and is the first superyacht to be fuel-cell powered. It also features many amenities fit for Gates: a library, movie theater, basketball court, pool and onboard fully equipped hospital.
You may not be a billionaire like Bill Gates, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
What&#8217;s Next: Gates not taking ownership of the superyacht could take away from the huge fuel-cell accomplishment. Also, there are relatively few potential owners who can afford the $645 million price tag.
"The brief was to build the greenest and most environmentally advanced yacht ever built, without compromise," Edmiston CEO Jamie Edmiston previously said, as <a href="https://www.forbes.com.au/life/boats/first-look-at-game-changing-1-billion-hydrogen-superyacht/">reported </a>by Forbes. "It was a huge challenge, but one that the team has embraced and delivered on."
It is unknown why Gates decided not to take ownership of the superyacht he commissioned.
Gates, the sixth-richest person in the world, is worth an estimated $160 billion according to <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/09/40778448/bill-gates-says-retirement-sounds-awful-how-warren-buffett-inspires-billionaire-to-keep-wor">Bill Gates Says Retirement &#8216;Sounds Awful,&#8217; How Warren Buffett Inspires Billionaire To Keep Working</a></li>
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Image via Flickr/ World Economic Forum

Education

Bill Gates Has Superyacht Powered By Liquid Nitrogen: It's Already For Sale After Sea Trials

The Company has been and continues to work diligently to complete the financial reporting process for the Form 10-Q and will file it as soon as possible. At the same time, the Company is continuing to work on implementing changes to address the issues that have caused delays in its timely filing or reports with the SEC. With the Thanksgiving Holiday next week, we will be unable to file the Form 10-Q until the first or second week of December. At that time, we will also refile the pending Registration Statement on Form S-1 (File No. 333-279091) (the "Form S-1").

TPCS

TechPrecision Receives Notification From Nasdaq Related To Delayed Quarterly Report

SSKN

Strata Skin Sciences Files For Mixed Shelf Offering Of Up To $25M

Wells Fargo analyst Elyse Greenspan maintained a Buy rating on Hamilton Insurance Group, Ltd. Class B (HG – Research Report) today and set a price ...

Wells Fargo Reaffirms Their Buy Rating on Hamilton Insurance Group, Ltd. Class B (HG)

The financial sector is poised for robust growth driven by evolving demand, rapid technological innovation, and economic growth. Hence, let's analyze currently undervalued financial stocks, such as Synchrony Financial (SYF), Hamilton Insurance Group (HG), and CNB Financial (CCNE). Read more... The recent Fed interest rate cut has strongly uplifted the U.S. financial market outlook. The financial market, which plays an integral part in the operations of the economy, is currently fueled by the rapid adoption of digital technologies and increased demand for financial services.
Thus, against this backdrop, it could be wise to consider currently undervalued financial stocks Synchrony Financial (<a href="https://stocknews.com/stock/SYF/">SYF</a>), Hamilton Insurance Group, Ltd. (<a href="https://stocknews.com/stock/HG/">HG</a>), and CNB Financial Corporation (<a href="https://stocknews.com/stock/CCNE/">CCNE</a>) for potential returns.
The U.S. central bank announced the much-anticipated <a href="https://www.reuters.com/markets/rates-bonds/with-feds-rate-cut-hand-debate-swirls-over-how-big-move-2024-09-18/">interest rate cut</a> with a larger-than-usual half-percentage-point reduction. Federal Reserve Chair Jerome Powell said, "We made a good, strong start, and I am very pleased that we did." The rate reduction will benefit various industries, especially the financial sector.
Lower interest rates should make financing and loans easier for consumers and result in earning boosts for financial institutions and other financial companies. It should also open various opportunities in the financial services market, insurance services, and banks.
The United States financial services market size is projected to attain a value of $115.99 billion by 2032, exhibiting growth at a <a href="https://www.expertmarketresearch.com/reports/us-financial-services-market">CAGR of 7.5%</a> propelled by the global economic growth, increasing disposable income, and increasing demand for financial services.
The global banking and financial services market is expected to grow at a CAGR of 7.9 until 2030. The <a href="https://www.cognitivemarketresearch.com/banking-and-financial-services-market-report#:~:text=Global%20Banking%20and%20Financial%20Services%20Market%20Report%202024%20Market%20Size,7.9%25%20from%202023%20to%202030.">growing use of digital channels</a> and technological solutions in the sector, like digitalization, mobile banking, UPI payments, blockchain, artificial intelligence (AI), robotics, and other technologies, will navigate the global industry.
Given the industry's robust outlook, investing in quality financial stocks such as SYF, HG, and CCNE could be wise for future gains.
Synchrony Financial (<a href="https://stocknews.com/stock/SYF/">SYF</a>)
SYF operates as a consumer financial services company. The company provides credit products, including credit cards, commercial credit products, and consumer installment loans. It also offers private-label credit cards, dual co-brand and general-purpose credit cards, short- and long-term installment loans, and consumer banking products.
SYF's forward non-GAAP P/E of 8.49x is 27.8% lower than the industry average of 11.75x. Further, the stock's forward Price/Sales multiple of 1.27 is 54.8% lower than the industry average of 2.81. And its forward <a href="https://www.investopedia.com/terms/p/price-to-bookratio.asp">Price/Book</a> of 1.29x is 10.3% lower than the 1.17x industry average.
On September 18, SYF and Albertsons Companies, Inc., a leading food and drug retailer, announced the acceptance of the CareCredit health and wellness credit card in nearly 2,200 Albertsons Cos. stores, including Albertsons, Safeway, Vons, ACME, Shaw's and Jewel-Osco.
This will expand SYF's reach and give customers more options, flexibility, and convenient ways to access prescriptions, personal, pet, and baby care essentials, over-the-counter products, and other necessary items.
On June 4, SYF partnered with Installation Made Easy to simplify the financing for kitchen, bath, and flooring installations for homeowners. This allows homeowners to buy materials from Floor &amp; Decor, schedule installation via IME, and pay for their entire project over time using Floor &amp; Decor cards, streamlining the entire home improvement process and making upgrades.
During the second quarter that ended June 30, 2024, SYF's net interest income grew 6.9% from the year-ago value to $4.41 billion, while its net revenue rose 12.7% year-over-year to $3.71 billion. Net earnings available to common stockholders and EPS came in at $624 million and $1.55, up 11.6% and 17.4% from the prior year's quarter, respectively.
Furthermore, the company's cash and equivalents stood at $18.63 billion as of June 30, 2024, versus $14.26 billion as of December 31, 2023.
Street expects SYF's EPS and revenue for the third quarter (ended September 2024) to increase 21.4% and 7.6% year-over-year to $1.80 and $3.74 billion, respectively. Further, the company has surpassed the consensus revenue estimates in all of the trailing four quarters.
Over the past six months, the stock has gained 20.3% and 70.3% over the past year to close the last trading session at $49.56.
SYF's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this solid outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
SYF has a B grade for Value, Momentum, and Quality. It is ranked #15 out of 46 stocks in the B-rated <a href="https://stocknews.com/category/consumer-finance/">Consumer Financial Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have other SYG ratings for Growth, Sentiment, and Stability. Get all SYF ratings <a href="https://stocknews.com/stock/SYF/">here</a>.
Hamilton Insurance Group, Ltd. (<a href="https://stocknews.com/stock/HG/">HG</a>)
Headquartered in Pembroke, Bermuda, HG offers underwriting specialty insurance and reinsurance risks internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. It offers casualty reinsurance products, property reinsurance and insurance, and specialty reinsurance solutions.
In terms of forward EV/Sales, HG is trading at 0.52x, 82.9% lower than the industry average of 3.07x. Similarly, the stock's forward EV/EBIT multiple of 1.65 is 85.5% lower than the industry average of 11.36. Also, its forward Price/Sales of 0.90x is 68.1% lower than the industry average of 2.81x.
During the second quarter that ended June 30, 2024, HG's net premium earned increased 26.3% year-over-year to $418.76 million, and its total revenues grew 64.6% from the year-ago value to $587.94 million. Net income attributable to common shareholders came in at $131.08 million and $1.20 per share, up 256.3% and 242.8% from the year-ago value, respectively.
Street expects HG's revenue for the fiscal year (ending December 2024) to increase 34.6% year-over-year to $2.11 billion and its EPS for the same year is expected to improve 64.7% year-over-year to $4.02.
Over the past six months, HG's stock has gained 40% to close the last trading session at $18.62.
HG's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Value, Momentum, and Sentiment. Within the A-rated <a href="https://stocknews.com/category/reinsurance/">Insurance - Reinsurance</a> industry, HG has topped among the nine stocks.
<a href="https://stocknews.com/stock/HG/">Click here</a> to access additional HG ratings for Stability, Quality, and Growth.
CNB Financial Corporation (<a href="https://stocknews.com/stock/CCNE/">CCNE</a>)
CCNE operates as the bank holding company for CNB Bank, providing banking products and services to individual, business, governmental, and institutional customers. The company accepts checking, savings, and time deposit accounts, and offers real estate, commercial, industrial, residential, and consumer loans, and other specialized financial services.
CCNE's non-GAAP P/E of 9.98x is 15.1% lower than the industry average of 11.75x. Likewise, the stock's forward Price/Book multiple of 0.86 is 26.2% lower than the industry average of 1.17.
On August 13, CCNE's Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock paid on September 13, 2024, to common stock shareholders of record as of August 30, 2024.
CCNE pays an annual dividend of $0.72, which translates to a yield of 3.21% at the current share price. Its four-year average dividend yield is 3.13%. Moreover, the company's dividend payouts have increased at a CAGR of 1.2% over the past three years.
For the second quarter that ended June 30, 2024, CCNE reported net interest income of $45.72 million, up 1.1% year-over-year. Its income before income taxes grew 3.7% from the year-ago value to $16 million. Its net income and EPS stood at $12.96 million and $0.56, up 2.8% and 1.8% from the prior year's quarter, respectively.
Analysts expect CCNE's EPS for the first quarter (ending March 2025) to increase 3.6% year-over-year to $0.57. For the fiscal year 2025, the company's EPS is expected to grow 10% year-over-year to $2.47. Moreover, the company surpassed the consensus EPS estimates in all of the trailing four quarters.
CCNE's stock has surged 13.7% over the past six months and 26.5% over the past year to close the last trading session at $22.40.
CCNE's POWR Ratings reflect its bright prospects. CCNE has a B grade for Stability, Momentum, Sentiment, and Value. The stock is ranked #4 among 35 stocks in the <a href="https://stocknews.com/category/mid-atlantic-regional-banks/">Mid-Atlantic Regional Banks</a> industry.
To access CCNE's other ratings for Growth and Quality, <a href="https://stocknews.com/stock/CCNE/">click here</a>.
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SYF shares were trading at $51.34 per share on Friday afternoon, up $1.78 (+3.59%). Year-to-date, SYF has gained 36.82%, versus a 21.00% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/syf-hg-ccne-3-undervalued-financial-stocks-analysts-are-eyeing/>3 Undervalued Financial Stocks Analysts Are Eyeing</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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