This year has underscored the resilience of the insurance sector, attributed to its consistent business performance and its capacity to reward shareholders with attractive dividends.
In the following analysis, we’ll examine optimal avenues for investing in the insurance sector, whether through high-dividend stocks or ETFs.
Notably, the iShares US Insurance ETF (NYSE:IAK) stands out, showcasing robust performance over the past 3 to 5 years.
While the insurance sector grapples with its challenges, certain inherent strengths make it an intriguing option for investors:
Now, if that has made the sector more appealing to you, here are three stocks that have fared well over the past year or so:
Progressive Corp (NYSE:PGR) offers auto, homeowners, residential and commercial property, general liability, and other specialty products. It was founded in 1937 and is headquartered in Mayfield Village, Ohio.
The company reports on January 24 and the earnings are expected to be good with revenue up +12.05% and EPS up +23.26%.
It presents 19 ratings, of which 9 are buy, 9 are hold and 2 are sell.
InvestingPro models give it potential at $187.19.
Assurant (NYSE:AIZ) operates through two segments: life and homeowners. It was founded in 1892 and is headquartered in Atlanta, Georgia.
It will release its numbers on February 6 and is expected to report EPS growth of +6.33%.
It has 6 ratings, all of them being buy and none of them sell.
The market sees potential at $181.60-190.
Arch Capital (NASDAQ:ACGL) offers insurance, reinsurance, and mortgage insurance products worldwide. It was founded in 1995 and is based in Pembroke, Bermuda.
It reports results on February 12 and is expected to report revenue growth of 25.1% and EPS growth of +26.41%.
It has 14 ratings, of which 11 are buy, 3 are hold and none are sell.
The market gives it potential at $93-95.
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Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple points of view and is highly risky and therefore, any investment decision and the associated risk remains with the investor.
This article was originally published here.
