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Root (ROOT)

(Delayed Data from NSDQ)

$10.20 USD

10.20
56,988

-0.19 (-1.83%)

Updated Sep 22, 2023 04:00 PM ET

After-Market: $10.26 +0.06 (0.59%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.32%
2Buy18.06%
3Hold9.37%
4Sell5.20%
5Strong Sell2.60%
S&P50010.90%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value B Growth C Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 25% (62 out of 245)

Industry: Insurance - Property and Casualty

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Better trading starts here.

Balance Sheet

Research for ROOT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Root, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Assets          
Cash & Equivalents 764 707 1,117 0 0
Receivables 335 404 368 0 0
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 1,098 1,111 1,485 0 0
Net Property & Equipment 0 0 0 0 0
Investments & Advances 133 135 222 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 0 0 0 0 0
Deposits & Other Assets 82 74 56 0 0
Total Assets 1,313 1,319 1,762 0 0
Liabilities & Shareholders Equity 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Notes Payable 0 0 0 0 0
Accounts Payable 583 631 531 0 0
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 583 631 531 0 0
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 295 0 188 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 45 40 10 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 924 671 730 0 0
Shareholders Equity 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Preferred Stock 112 112 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,851 1,806 1,776 0 0
Retained Earnings -1,568 -1,270 -748 0 0
Other Equity -6 0 6 0 0
Treasury Stock 0 0 1 0 0
Total Shareholder's Equity 389 648 1,032 0 0
Total Liabilities & Shareholder's Equity 1,313 1,319 1,762 0 0
Total Common Equity 277 536 1,032 0 0
Shares Outstanding 14.20 14.00 13.90 NA NA
Book Value Per Share 19.51 38.31 74.27 0.00 0.00

Fiscal Year End for Root, Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Assets          
Cash & Equivalents 632 680 764 821 887
Receivables 332 317 335 352 382
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 963 997 1,098 1,173 1,269
Net Property & Equipment 0 0 0 0 0
Investments & Advances 164 131 133 124 125
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 0 0 0 0 0
Deposits & Other Assets 67 73 82 87 86
Total Assets 1,195 1,201 1,313 1,384 1,480
Liabilities & Shareholders Equity 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Notes Payable 0 0 0 0 0
Accounts Payable 529 513 583 602 636
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 529 513 583 602 636
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 297 296 295 294 292
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 42 45 45 51
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 869 845 924 941 980
Shareholders Equity 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Preferred Stock 112 112 112 112 112
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,866 1,857 1,851 1,838 1,829
Retained Earnings -1,645 -1,609 -1,568 -1,500 -1,436
Other Equity -6 -5 -6 -7 -5
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 326 356 389 443 500
Total Liabilities & Shareholder's Equity 1,195 1,201 1,313 1,384 1,480
Total Common Equity 214 244 277 331 388
Shares Outstanding 14.50 14.30 14.20 14.10 14.10
Book Value Per Share 14.79 17.04 19.51 23.47 27.52