Lendingtree Inc Stock Price, News & Analysis

According to ValuePenguin's report published on January 5, 2022, auto insurance rates are projected to rise by 0.6% in 2022, with the average cost reaching $1,935 annually. 22 states will experience increases, with Nebraska (4.4%), Minnesota (2.5%), and Arizona (2.2%) seeing the highest raises. Unsafe drivers face up to 55% greater premiums, with Texas drivers facing a 142% hike for infractions. Despite these increases, rates remain below pre-pandemic levels, and 76% of consumers who shop around save money.

As reported by LendingTree, 36% of Americans incurred holiday debt this season, averaging $1,249, marking an increase from 31% in 2020. Interestingly, this year saw a decrease in the average amount of debt, down 10% from $1,381. Parents and millennials led in borrowing, at 54% and 50% respectively, with an average debt of $1,462. Additionally, nearly 40% used buy now, pay later financing, an increase from last year. Despite the incurred debt, 82% of borrowers do not expect to repay it within a month, indicating ongoing financial challenges.

olive.com, a leader in payment services and vehicle protection plans, has appointed Keith Moore as Executive Advisor to its Board of Directors. Moore, an experienced Insurtech executive, will guide the company's strategic initiatives and marketing efforts to support its expansion. Previously, he led CoverHound and contributed to LendingTree's diversification. His extensive industry background includes founding CyberPolicy and recognition as a Top 50 Insurtech Influencer. This appointment aims to enhance olive.com's customer service and technology-driven solutions.

ValuePenguin, a part of LendingTree (NASDAQ: TREE), released findings on holiday hazards. Key highlights include:

• 10% of Americans report injuries from putting up Christmas trees this year.
• An unpowered scooter is labeled the worst toy to buy, with over 477,000 injuries since 2011.
• 70% of Americans leave Christmas lights on overnight, posing a fire hazard.
• 34% expect higher utility bills during the holidays.
• Positive trends show a decrease in tree-related injuries from 20% in 2020.

For more, visit ValuePenguin's reports.

LendingTree, the leading online loan marketplace, published a survey revealing that 19.2% of Americans have based financial decisions on their horoscope, with 30.6% considering it. The survey highlights that Millennials are the most likely to make such decisions. Key influences include saving more money (42.1%), splurging (33.5%), and stock trading (23.1%). Interestingly, Capricorns are perceived as the best money managers, while Sagittariuses show the least financial anxiety but have the lowest credit scores. The survey was conducted among 2,049 U.S. consumers.

LendingTree conducted a survey of over 2,000 Americans revealing that nearly 30% plan to host December holiday gatherings, anticipating an average spending of $760 on food, drinks, and gifts. Millennials are leading in spending, estimating $981 for their gatherings, with 55% expecting to incur debt for these expenses. Approximately 40% of attendees will spend an average of $213 on gifts for their hosts, with wine being the top gift choice. The survey highlights the financial strain that holiday celebrations may impose on individuals, especially younger generations.

LendingTree (NASDAQ: TREE) announced its participation in the Stephens Annual Investment Conference from December 1-3, 2021 in Nashville, TN. The company's CFO, Trent Ziegler, and VP of Investor Relations, Andrew Wessel, will engage in a fireside chat on December 1 at 2:00 p.m. ET, available for live webcast and later access on the company's investor relations website. LendingTree is the leading online financial services marketplace, providing consumers with a range of financial solutions from over 500 partners.

ValuePenguin.com reports that in 2022, Americans will spend an average of $541 monthly on health insurance via ACA plans, totaling $6,492 annually. Premiums saw a modest increase of 0.67% year-over-year. States like West Virginia and South Dakota will experience the highest premiums, while Georgia and New Hampshire will enjoy the lowest. Platinum tier plans dropped by 4.35% in premiums, while Bronze plans increased, highlighting diverse market changes influenced by healthcare costs and COVID-19 impacts.

LendingTree's recent survey reveals a record 47% of Americans plan to host Thanksgiving, increasing from 41% in 2020. Consumers expect to spend an average of $391.60, down 18% from last year, with millennials budgeting the most at $461.20. Alarmingly, 44% of hosts will take on debt, up from 38% in 2020. Additionally, only 27% of hosts have firm budgets, indicating economic uncertainties. This survey, conducted from Oct. 26 to Oct. 29, 2021, reflects changing consumer behavior as they adapt to current economic challenges.