ROOT vs. PLMR, SPNT, HG, FIHL, SKWD, HMN, SAFT, LMND, EIG, and HCI
Should you be buying Root stock or one of its competitors? The main competitors of Root include Palomar (PLMR), SiriusPoint (SPNT), Hamilton Insurance Group (HG), Fidelis Insurance (FIHL), Skyward Specialty Insurance Group (SKWD), Horace Mann Educators (HMN), Safety Insurance Group (SAFT), Lemonade (LMND), Employers (EIG), and HCI Group (HCI). These companies are all part of the "fire, marine, & casualty insurance" industry.
Palomar (NASDAQ:PLMR) and Root (NASDAQ:ROOT) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, media sentiment, dividends, valuation, risk, institutional ownership, community ranking, analyst recommendations and earnings.
Palomar received 55 more outperform votes than Root when rated by MarketBeat users. Likewise, 58.78% of users gave Palomar an outperform vote while only 25.58% of users gave Root an outperform vote.
90.3% of Palomar shares are held by institutional investors. Comparatively, 59.8% of Root shares are held by institutional investors. 4.3% of Palomar shares are held by company insiders. Comparatively, 11.7% of Root shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Palomar has a net margin of 21.78% compared to Palomar's net margin of -17.61%. Root's return on equity of 19.94% beat Palomar's return on equity.
Palomar presently has a consensus target price of $92.83, suggesting a potential upside of 10.93%. Root has a consensus target price of $41.89, suggesting a potential downside of 12.37%. Given Root's stronger consensus rating and higher probable upside, research analysts plainly believe Palomar is more favorable than Root.
Palomar has higher earnings, but lower revenue than Root. Root is trading at a lower price-to-earnings ratio than Palomar, indicating that it is currently the more affordable of the two stocks.
Palomar has a beta of 0.32, indicating that its share price is 68% less volatile than the S&P 500. Comparatively, Root has a beta of 2.59, indicating that its share price is 159% more volatile than the S&P 500.
In the previous week, Root had 6 more articles in the media than Palomar. MarketBeat recorded 8 mentions for Root and 2 mentions for Palomar. Root's average media sentiment score of 0.98 beat Palomar's score of 0.61 indicating that Palomar is being referred to more favorably in the media.
Summary
Palomar beats Root on 13 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ROOT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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