News Formal

Insurance stocks are racing ahead of the market in the third quarter — What to know

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 72%

Investment Strategy News

Markets,Ishares U.S. Insurance ETF,Travelers Companies Inc

Shares of insurers are outperforming as companies get a better handle on the auto market and push premiums higher.

Financial markets have given investors several scares and head fakes this summer, but one group is emerging as a winner with a balance of fundamental improvement in its business, and defensive qualities — insurance stocks. The iShares U.S. Insurance ETF has gained 8.2% in the third quarter, compared to 2.4% for the S & P 500. The sector is beating the broader market on a year-to-date basis, as well. IAK 3M mountain Insurance stocks are outperforming in the third quarter.

The period of rising costs put an emphasis on efficiency, which helped the larger insurance companies because they have more money to invest in technology, such as drones, Heal said. "The technology's made it much easier for them to detect fraud," Heal said. Because of the size benefit, Argus likes multi-line insurers including Travelers and Chubb , which recently saw an investment from Warren Buffett 's Berkshire Hathaway .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spotify Shares Climb, UMG Shares Sink Following Q2 Earnings ReportsSpotify's stock rose and Universal Music shares fell following the companies' Q2 earnings reports this week. Get your music stocks update here.
Source: billboard - 🏆 112. / 63 Read more »

Stock market today: Asian shares mostly fall ahead of central bank meetingsAsian shares have mostly fallen in cautious trading ahead of central bank meetings around the world.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly fall ahead of central bank meetingsAsian shares have mostly fallen in cautious trading ahead of central bank meetings around the world.
Source: ksatnews - 🏆 442. / 53 Read more »

Super Micro announces 10-for-1 stock split, shares plunge 11% on earnings missSuper Micro announced a 10-for-1 stock split and issued upbeat guidance for the first quarter.
Source: CNBC - 🏆 12. / 72 Read more »