December 4, 2022

Synchrony Financial SYF recently collaborated with the veterinary telehealth company Dutch. Per the terms of the deal, the Pets Best subsidiary of the former will extend the benefits of its insurance plans to the annual veterinary care members of the latter. The offering named Dutch x Pets Best insurance plan can be availed at the website of Dutch.
The enhanced pet insurance plan formed as a result of integrating Pets Best’s Accident Only insurance plan with the all-time online veterinary care services of Dutch is likely to deliver an array of cost-effective and virtual care solutions for pets’ urgent and daily care needs.
The new offering aims to simplify the pet insurance process, wherein pet parents can easily meet treatment expenses or other costs related to owning a pet that often generates financial stress. In case of pet accidents calling for emergency in-person attention, the insurance plan will serve as a cushion for pet parents.
The recent tie-up reflects Synchrony’s sincere efforts to strengthen its presence across the U.S. pet insurance market. The market holds promising prospects, driven by growing demand for pet insurance plans to minimize the out-of-pocket costs for serious illnesses or unanticipated injuries. Per BlueWeave Consulting, the U.S. pet insurance market is anticipated to witness a CAGR of 10.6% over the 2022-2028 forecast period.
As the leading telemedicine, tailored treatment plans and prescription medications provider for pets across most U.S. states, Dutch seems to be the apt partner for complementing SYF’s endeavor. Both partners roll out API-backed solutions and advanced pet insurance products to address growing demand for veterinary services.
Synchrony acquired Pets Best, a leading U.S. pet insurance agency, back in 2019 to capture a significant share of the rapidly-growing pet insurance market. Pets Best offers a diverse range of affordable pricing and coverage options to address multiple vet expenses that may crop up frequently.
The latest move can also be termed as a time opportune one. 70% of American families own a pet, per the American Pet Products Association (APPA). Despite owning a large number of pets, only 3% of the domesticated animals across the United States remain insured, according to the North American Pet Health Insurance Association (NAPHIA).
Shares of Synchrony have gained 10.9% in the past six months against the industry’s decline of 5.7%. SYF currently carries a Zacks Rank #3 (Hold).

Image Source: Zacks Investment Research
Some better-ranked stocks in the Finance space are Carter Bankshares, Inc. CARE, The Howard Hughes Corporation HHC and Lakeland Financial Corporation LKFN. While Carter Bankshares flaunts a Zacks Rank #1 (Strong Buy), Howard Hughes and Lakeland Financial carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carter Bankshares’ earnings surpassed estimates in three of the trailing four quarters and missed the mark once, the average beat being 4.92%. The Zacks Consensus Estimate for CARE’s 2022 earnings suggests an improvement of 84.1%, while the same for revenues suggests growth of 13.3% from the corresponding year-ago reported figures. The consensus mark for CARE’s 2022 earnings has moved 7.7% north in the past 30 days.
The bottom line of Howard Hughes beat estimates in three of the trailing four quarters and missed the mark once, the average surprise being 83.81%. The Zacks Consensus Estimate for HHC’s 2022 earnings is pegged at $3.49 per share, indicating to increase more than three-fold from the year-ago reported figure. The same for revenues suggests an improvement of 8.4% from the year-ago reported figure. The consensus mark for HHC’s 2022 earnings has moved 0.3% north in the past 30 days.
Lakeland Financial’s earnings outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 4.14%. The Zacks Consensus Estimate for LKFN’s 2022 earnings suggests an improvement of 11.5%, while the same for revenues suggests growth of 9.9% from the corresponding year-ago reported figures. The consensus mark for LKFN’s 2022 earnings has moved 4% north in the past 30 days.
Shares of Carter Bankshares and Lakeland Financial have gained 25.4% and 9.4%, respectively, in the past six months. However, the Howard Hughes stock has lost 15.2% in the same time frame.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Howard Hughes Corporation The (HHC) : Free Stock Analysis Report
Lakeland Financial Corporation (LKFN) : Free Stock Analysis Report
Synchrony Financial (SYF) : Free Stock Analysis Report
Carter Bankshares, Inc. (CARE) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research
Related Quotes
Markets held modest gains late Wednesday, as minutes from the most recent meeting of the Federal Open Market Committee suggest monetary tightening will continue, though at a less intense pace, and the policy interest rate may even reach a higher terminal level than initially forecast. That’s as more and more indicators point to slowing growth in the U.S. At the same time, data from Europe suggest things may not be as dire as once feared. Andreas Steno Larsen welcomes Weston Nakamura to talk about central bankers, markets, and the economy (perhaps a little World Cup, too) in the middle of a holiday-shortened trading week in the U.S. Andreas and Weston assess near-term price action in the broader macro context — and separate the hawks from the doves just ahead of Turkey Day. We also hear from Jamie McDonald about position-sizing, portfolio management, and the importance of process in a complex macro environment. Watch the complete “We Got the Message” episode featuring Jamie McDonald here: We want to hear from you too – please share your questions, comments, and suggestions! Editor’s Note: Our live chat feature will be unavailable for four to six weeks as we upgrade our video player technology. We apologize for the temporary loss of function. But we assure you the upgrade will more than justify the wait. In the meantime, we will be monitoring the comments section. So, in addition to conversing with your fellow community members, please share your questions there
Strength in the end markets, acquired assets and shareholder-friendly policies are benefiting Donaldson (DCI). Rising costs and expenses, and supply-side challenges are concerning.
Nordstrom's (JWN) Q3 results reflect robust demand for apparel and shoes, and supply-chain optimization efforts. However, inflation and higher inventory are headwinds.
We feel now is a pretty good time to analyse Alcidion Group Limited's ( ASX:ALC ) business as it appears the company…
MetLife (MET) puts its foot forward to assist Federal Families in legal matters by making the Federal Legal plan available to them.
Allegion (ALLE) is benefiting from strength across its end markets, acquisitions and shareholder-friendly actions.
Former FDIC chair Sheila Bair explained to FOX Business how FTX's top 50 investors stand to lose big — but all others will likely see nothing at all.
American Eagle's (AEO) Q3 results reflect gains from improved inventory levels and reduced expenses despite higher markdowns and increased product costs.
GrowGeneration (GRWG) launches its first store in New Jersey to widen its reach to 16 states and further strengthen its operations.
The tax-free spin-off of Fortune Brands' (FBHS) cabinets business MasterBrand is expected to be completed on Dec 14, allowing both companies to focus on their core operations.
In 2022, these once seemingly unstoppable investments have plunged into the red, undoubtedly impacting many portfolios.
Patience can pay off handsomely when you're invested in companies with clearly defined competitive advantages.
Warren Buffett — the Oracle of Omaha — is widely regarded as one of the greatest investors of all time. Berkshire Hathaway Inc. (NYSE: BRK-A) has returned tens of thousands of percent over the years and consistently outperforms the market. Buffett purchased the company for just $8.3 million in 1965, and it’s now valued at nearly $700 billion, roughly a 10 million percent return. But one of Buffett’s top all-time picks and longest-held positions is one you might not expect. Berkshire Hathaway fir
FTX lawyers say a substantial amount of assets are missing or stolen in latest bankruptcy proceedings; Cathie Wood still sees Bitcoin at $1 million
In the early days of the pandemic, investors bet Novavax (NASDAQ: NVAX) would be a coronavirus vaccine winner. When the biotech's vaccine candidate fell behind, though, investors lost faith. With its shares down almost 90% this year, you may be wondering if Novavax presents a great buying opportunity.
Tough times are coming. But you can still make money.
The word "hypergrowth" does not describe the current technology bear market. Such a change may point to buying opportunities in tech stocks such as SoFi Technologies (NASDAQ: SOFI) and Zscaler (NASDAQ: ZS). Amid the moratorium on student loan payments because of the pandemic, it had to pivot into other areas of finance.
Among the telecoms is Verizon Communications (NYSE: VZ), the second-largest provider behind AT&T. The stock sports an attractive 6.89% dividend yield, which also places it in red-flag territory. Often, when a stock's dividend yield rises higher than 5%, it's seen as a warning sign that the company won't be able to pay its dividend obligations sustainably. Should Verizon shareholders be concerned?
This year has been tough for investors. The inflation numbers may have been down in October, but it was still 7.7% compounded on last October’s 6.2%, and that’s too high. Interest rates are rising fast in response, making capital more expensive, and the available cash is chasing goods constrained by tight supply chains and continued COVID lockdowns in China. Food and energy prices are high, and likely to rise, as Russia’s war in Ukraine puts a major clamp on global supplies of natural gas, wheat
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks…


Leave a Reply

Your email address will not be published.