Shares of Bright Health Group Inc. (BHG) are trading -5% lower at a price of $1.7 at the time of this writing. While it's a somewhat pessimistic day for the Financials sector in general, the stock is trailing it's peers.

A recent S&P Global Market Technology report suggests insurtech startups have shifted from a “growth at all costs” mentality to one more focused on profitability. Bright Health Group Inc. has been trading between a 52-week high of $10.68 and a 52-week low of $1.47. The stock has a market cap of $1.07 Billion.

Bright Health Group is built upon the belief that by aligning the best local resources in healthcare delivery with the financing of care, the company can drive a superior consumer experience, optimize clinical outcomes, reduce systemic waste and lower costs. Bright Health is a healthcare company that is building a national, integrated system of care, in close partnership with its Care Partners. Its differentiated approach is: Built on Alignment, Focused on the Consumer, and Powered by Technology.

STAT+: Bright Health Group heads toward insolvency as it rushes to raise more cash
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Bright Health Group, Inc. (BHG) Q2 2022 Earnings Call Transcript
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