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2021-09-01

Is this negative? Why is the stock falling?

EverQuote (EVER) Boosts Insurance Offering With Latest Buyout

EverQuote, Inc. EVER has acquired PolicyFuel, LLC and its affiliated entities. This buyout is expect

EverQuote (EVER) Boosts Insurance Offering With Latest Buyout

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Why is the stock falling?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/816666663","repostId":2160200891,"repostType":2,"repost":{"id":"2160200891","kind":"news","pubTimestamp":1629211082,"share":"https://www.laohu8.com/m/news/2160200891?lang=&edition=full","pubTime":"2021-08-17 22:38","market":"us","language":"en","title":"EverQuote (EVER) Boosts Insurance Offering With Latest Buyout","url":"https://stock-news.laohu8.com/highlight/detail?id=2160200891","media":"Zacks","summary":"EverQuote, Inc. EVER has acquired PolicyFuel, LLC and its affiliated entities. This buyout is expect","content":"<html><body><p><strong>EverQuote, Inc</strong>. EVER has acquired PolicyFuel, LLC and its affiliated entities. This buyout is expected to widen the range of products EverQuote offers and support its property and casualty (P&amp;C) carrier partners. The transaction was announced on Jul 20.<br/><br/>PolicyFuel operates in P&amp;C insurance verticals, providing policy-sales-as-a-service (PSaaS) offerings.The addition further enhances the personalized shopping experiences offered to consumers as well as enhance EverQuote’s ability to access the $135 billion commission TAM component of the overall insurance distribution spend shifting online. In this recent deal, PSaaS offerings of PolicyFuel for P&amp;C markets will further extend EverQuote’s existing Direct-To-Consumer Agency (DTCA) strategy in Health and Life insurance verticals.<br/><br/>EverQuote witnessed impressive inorganic growth. In September 2020, EverQuote closed the buyout of IN-based Crosspointe Insurance &amp; Financial Services, LLC, which is expected to accelerate the extension of EverQuote’s digital distribution platform to a direct-to-consumer agency model within the health vertical. The transaction is also expected to increase revenue per quote request in health insurance vertical, which will further grow and diversify the company’s revenues.<br/><br/>A solid capital position supports EverQuote in its growth initiatives. The company boasts a debt free balance sheet with cash balance improving over the last three years.<br/><br/>Shares of EverQuote have lost 46.5% year to date compared with the industry’s 13.1% increase. Solid performances at automotive and other insurance verticals, increasing consumer traffic, higher quote request volume, lower advertising costs and shift to online insurance sales should help shares rebound.<br/> </p>\n<p><img src=\"https://s.yimg.com/uu/api/res/1.2/xrM7YLVVXrjxeM605.PtLA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/zacks.com/f3ca5e2755afeef177870913afcba5fb\"/><br/><span>Image Source: Zacks Investment Research</span></p>\n<p>The company currently carries a Zacks Rank #4 (Sell).<br/><br/>Given insurance industry’s adequate capital level, players are pursuing strategic mergers and acquisitions. <strong>Arthur J. Gallagher &amp; Co</strong>. AJG inked an agreement to buy <strong>Willis Towers Watson plc</strong>’s WLTW Willis Re for $3.25 billion in cash to expand its global value proposition in reinsurance. <strong>Brown &amp; Brown, Inc</strong>. BRO announced that Brown &amp; Brown of Florida, Inc. has bought Sudler Insurance Services to boost its employee benefits business.<br/><br/>You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.<br/><br/> </p>\n<br/>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. \nClick to get this free report\n<br/> \n<br/>\nArthur J. Gallagher &amp; Co. (AJG) : Free Stock Analysis Report\n<br/> \n<br/>\nBrown &amp; Brown, Inc. (BRO) : Free Stock Analysis Report\n<br/> \n<br/>\nEverQuote, Inc. (EVER) : Free Stock Analysis Report\n<br/> \n<br/>\n<a href=\"https://laohu8.com/S/WLTW\">Willis Towers Watson Public Limited Company</a> (WLTW) : Free Stock Analysis Report\n<br/> \n<br/>\nTo read this article on Zacks.com click here.\n<br/> \n<br/>\nZacks Investment Research</body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EverQuote (EVER) Boosts Insurance Offering With Latest Buyout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEverQuote (EVER) Boosts Insurance Offering With Latest Buyout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-17 22:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/everquote-ever-boosts-insurance-offering-143802993.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EverQuote, Inc. EVER has acquired PolicyFuel, LLC and its affiliated entities. This buyout is expected to widen the range of products EverQuote offers and support its property and casualty (P&C) ...</p>\n\n<a href=\"https://finance.yahoo.com/news/everquote-ever-boosts-insurance-offering-143802993.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/kBgsMi7mF6LmrrLkEZRhFw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/lY3wr_2PWydraW.rjQZlyA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6e0eea77024f8a02b541f11695d7c6a6","relate_stocks":{"EVER":"Everquote Inc.","BRO":"布朗保险经纪"},"source_url":"https://finance.yahoo.com/news/everquote-ever-boosts-insurance-offering-143802993.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2160200891","content_text":"EverQuote, Inc. EVER has acquired PolicyFuel, LLC and its affiliated entities. This buyout is expected to widen the range of products EverQuote offers and support its property and casualty (P&C) carrier partners. The transaction was announced on Jul 20.PolicyFuel operates in P&C insurance verticals, providing policy-sales-as-a-service (PSaaS) offerings.The addition further enhances the personalized shopping experiences offered to consumers as well as enhance EverQuote’s ability to access the $135 billion commission TAM component of the overall insurance distribution spend shifting online. In this recent deal, PSaaS offerings of PolicyFuel for P&C markets will further extend EverQuote’s existing Direct-To-Consumer Agency (DTCA) strategy in Health and Life insurance verticals.EverQuote witnessed impressive inorganic growth. In September 2020, EverQuote closed the buyout of IN-based Crosspointe Insurance & Financial Services, LLC, which is expected to accelerate the extension of EverQuote’s digital distribution platform to a direct-to-consumer agency model within the health vertical. The transaction is also expected to increase revenue per quote request in health insurance vertical, which will further grow and diversify the company’s revenues.A solid capital position supports EverQuote in its growth initiatives. The company boasts a debt free balance sheet with cash balance improving over the last three years.Shares of EverQuote have lost 46.5% year to date compared with the industry’s 13.1% increase. Solid performances at automotive and other insurance verticals, increasing consumer traffic, higher quote request volume, lower advertising costs and shift to online insurance sales should help shares rebound. \nImage Source: Zacks Investment Research\nThe company currently carries a Zacks Rank #4 (Sell).Given insurance industry’s adequate capital level, players are pursuing strategic mergers and acquisitions. Arthur J. Gallagher & Co. AJG inked an agreement to buy Willis Towers Watson plc’s WLTW Willis Re for $3.25 billion in cash to expand its global value proposition in reinsurance. Brown & Brown, Inc. BRO announced that Brown & Brown of Florida, Inc. has bought Sudler Insurance Services to boost its employee benefits business.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. \nClick to get this free report\n \n\nArthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report\n \n\nBrown & Brown, Inc. (BRO) : Free Stock Analysis Report\n \n\nEverQuote, Inc. (EVER) : Free Stock Analysis Report\n \n\nWillis Towers Watson Public Limited Company (WLTW) : Free Stock Analysis Report\n \n\nTo read this article on Zacks.com click here.\n \n\nZacks Investment Research","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}