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12.82 USD |
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June 21 (Reuters) –
* CAR-INSURANCE FIRM ROOT GETS TAKEOVER BID- WSJ
* ROOT WAS OFFERED $19.34 A SHARE, HASN’T MANAGED TO
NEGOTIATE A
DEAL – WSJ
Source text – https://on.wsj.com/43T2jd5
Further company coverage:
© Reuters – 2023
Stocks mentioned in the article
Latest news about Root, Inc.
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Car-Insurance Firm Root Gets Takeover Bid- WSJ
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Roots Announces Details of its Fiscal 2023 First Quarter Results Conference Call
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Root Insurance Announces Commitment to Embedded Partnerships with Support for Dreyer & Reinbold Racing Indianapolis 500 Team featuring Driver Ryan Hunter-Reay
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Root, Inc. Announces Executive Changes
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Root, Inc. Appoints Megan Binkley as Chief Financial Officer
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ROOT, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
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Root Promotes Seasoned Leaders from Within and Boosts Growth Efforts with New Business Development Leader
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Transcript : Root, Inc., Q1 2023 Earnings Call, May 04, 2023
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Root : 1Q 2023 Letter to Shareholders
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Root, Inc. Announces 2023 First Quarter Results
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ROOT, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
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Root, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
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Jefferies Trims Root’s Price Target to $4 From $4.50, Keeps Hold Rating
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Root, Inc. Schedules Conference Call to Discuss First Quarter 2023 Financial Results
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Wells Fargo Trims Price Target on Root to $6 From $7, Maintains Equal-Weight Rating
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Roots Announces Details of its Fourth Quarter and Fiscal Year 2022 Results Conference Call
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Root, Inc. to Participate in the Jefferies Insurtech Conference
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Root, Inc. Not Materially Impacted by Silicon Valley Bank Closure
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ROOT, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
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Root, Inc. Announces CFO Changes
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UBS Adjusts Root’s Price Target to $6 From $9, Maintains Neutral Rating
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Barclays Adjusts Price Target on Root to $5.50 From $8
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Cantor Fitzgerald Downgrades Root to Neutral From Overweight, Adjusts Price Target to $6 From $22
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JMP Securities Adjusts Price Target on Root to $15 From $20, Keeps Market Outperform Rating
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Transcript : Root, Inc., Q4 2022 Earnings Call, Feb 23, 2023
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Chart Root, Inc.
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Company Profile
Root, Inc. is a holding company. The Company operates through its subsidiaries, which include Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The Company is a tech-enabled insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile applications and its embedded platform. It offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty Insurance Company. The Company, by collecting and synthesizing sensory behavioral data across various driving variables, including distracted driving, it prices policies based more on causality than correlation. It uses telematics, mobile technology and its digital platform to collect data points that it evaluates in pricing and underwriting certain of its insurance policies, managing claims and customer support. Its primary focus is on the United States auto insurance market.
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More about the company
Income Statement Evolution
Analysts’ Consensus
Buy
Average target price
6.772USD
Spread / Average Target
+12.50%
Consensus
Quarterly earnings – Rate of surprise
Sector
Other Property & Casualty Insurance
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.