Zacks Industry Outlook MetLife, American International, Prudential Financial, The Hartford Financial and Old Republic International

Zacks06-14

For Immediate Release Chicago, IL – June 14, 2024 – Today, Zacks Equity Research discusses MetLife Inc. MET, American International Group Inc. AIG, Prudential Financial Inc. PRU, The Hartford ...

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PRU, The Hartford ...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-industry-outlook-metlife-american-092400849.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zacks Industry Outlook MetLife, American International,  Prudential Financial, The Hartford Financial and Old Republic International</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZacks Industry Outlook MetLife, American International,  Prudential Financial, The Hartford Financial and Old Republic International\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-14 17:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/zacks-industry-outlook-metlife-american-092400849.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For Immediate Release\nChicago, IL – June 14, 2024 – Today, Zacks Equity Research discusses MetLife Inc. MET, American International Group Inc. AIG, Prudential Financial Inc. PRU, The Hartford ...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-industry-outlook-metlife-american-092400849.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989771016.USD","symbol_name":"东方汇理环球老龄化投资基金 A2 Acc","start_time":0,"source_url":"https://finance.yahoo.com/news/zacks-industry-outlook-metlife-american-092400849.html","article_id":"2443623492","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/w4JiE89_jDupKTSL71L6UQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4af0d71f8e4d3b62584128f111e4f3d8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443623492","pubTimestamp":1718357040,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago, IL – June 14, 2024 – Today, Zacks Equity Research discusses MetLife Inc. MET, American International Group Inc. AIG, Prudential Financial Inc. PRU, The Hartford Financial Services Group HIG and Old Republic International Corp. ORI.Product diversification helps Zacks Multiline Insurance industry players lower concentration risk, ensure uninterrupted revenue generation and improve retention ratio. Better pricing, prudent underwriting, increased exposure and faster economic recovery should benefit MetLife Inc., American International Group Inc., Prudential Financial Inc., The Hartford Financial Services Group and Old Republic International Corp. Accelerated digitalization will help in the smooth functioning of the industry.The solid capital level of the multiline insurers will fuel merger and acquisition (M&A) activities. An improving rate environment should drive investment income higher as insurers are beneficiaries of a better rate environment.The players also provide risk man","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","MET":"大都会人寿","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4162":"人寿与健康保险","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","SDS":"两倍做空标普500ETF","AFG":"美国金融集团有限公司","VOO":"Vanguard标普500ETF","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","BK4566":"资本集团","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","AIG":"美国国际集团","SSO":"两倍做多标普500ETF","BK4559":"巴菲特持仓","LU0106831901.USD":"贝莱德世界金融基金A2","BK4107":"财产与意外伤害保险","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD",".SPX":"S&P 500 Index","OEX":"标普100","SH":"标普500反向ETF","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4117":"多元化保险","SPXU":"三倍做空标普500ETF","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","IVV":"标普500指数ETF","ORI":"Old Republic International Corp","BK4504":"桥水持仓","BK4581":"高盛持仓","OEF":"标普100指数ETF-iShares","PFH":"Prudential Financial Inc","PRU":"保德信金融","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","SPY":"标普500ETF","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","HIG":"哈特福德金融","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","UPRO":"三倍做多标普500ETF","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC"},"translate_title":"Zacks行业展望大都会人寿、美国国际、保德信金融、哈特福德金融和Old Republic International","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"AIG":1,"PRU":1,"PFH":1,"ORI":1,"MET":1,"HIG":1,"VOO":0.84,"SPY":0.84,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,".SPX":0.6,"ESmain":0.6,"IVV":0.6},"content_text":"For Immediate Release\nChicago, IL – June 14, 2024 – Today, Zacks Equity Research discusses MetLife Inc. MET, American International Group Inc. AIG, Prudential Financial Inc. PRU, The Hartford Financial Services Group HIG and Old Republic International Corp. ORI.\nIndustry: Multi-line Insurance\nLink: https://www.zacks.com/commentary/2287921/5-multiline-insurers-to-watch-amid-rising-insurance-demand\nProduct diversification helps Zacks Multiline Insurance industry players lower concentration risk, ensure uninterrupted revenue generation and improve retention ratio. Better pricing, prudent underwriting, increased exposure and faster economic recovery should benefit MetLife Inc., American International Group Inc., Prudential Financial Inc., The Hartford Financial Services Group and Old Republic International Corp. Accelerated digitalization will help in the smooth functioning of the industry.\nThe solid capital level of the multiline insurers will fuel merger and acquisition (M&A) activities. An improving rate environment should drive investment income higher as insurers are beneficiaries of a better rate environment.\nAbout the Industry\nThe Zacks Multiline Insurance industry comprises companies that provide single insurance coverage, bundling automobile, homeowner, long-term care, and life and health insurance to individuals and businesses. The insured pays a single premium and is covered for many things through a single contract. These companies cover commercial and personal properties, automobiles, marine, livestock, aviation, personal accident, life, including permanent and term insurance, supplemental accident and health insurance, workers’ compensation, annuity products, private mortgage insurance, et al.\nThe players also provide risk management services. Since the companies offer single insurance coverage for multiple products, customer retention improves. The insured stands to benefit from lower premium payments compared to paying individual premiums for insuring varied products.\n3 Trends Shaping the Future of the Multiline Insurance Industry\nDiversified portfolio lowers concentration risk: Given the nature of the business, multiline insurers’ product and service portfolios are diversified. This lowers concentration risk. Increased awareness, driving higher demand for protection products, should benefit sales and premiums of life insurance operations. Continued improvement in pricing and an increase in exposure should support premium growth.\nAlso, per Deloitte Insights, the transition to green energy and related insurance products, as well as exposure to intangible assets, offers growth opportunities. The increased adoption of artificial intelligence could increase potential cyber threats, thus fueling demand for cyber insurance. Per a report in Carrier Management, AM Best expects profitable commercial lines and improving personal lines in 2024.\nMerger and acquisitions: Consolidation in the multi-line insurance industry is expected to continue as players look to diversify their operations into new business lines and geographies. Buying businesses along the same lines is driven by the players’ need to gain a fair market share and grow in their niche areas. Consolidations that slowed down earlier due to inflation are expected to be on the rise again in 2024. Insurance technology companies are expected to top the list per media reports. The industry is undergoing accelerated digitalization.\nIncreased adoption of technology: Digitalization has increased by leaps and bounds. The industry is witnessing greater use of technology like blockchain, AI, advanced analytics, telematics, cloud computing and robotic process automation to expedite business operations and save costs. Many life insurers have started selling policies online that appeal to the tech-savvy population.\nAt the same time, the use of real-time data is making premium calculation easier and reducing risk. Insurers remain focused on ramping up data and analytics capabilities as well as realizing the benefit of the technological infrastructure per Deloitte Insights. Moreover, the adoption of technology has helped in seamless underwriting and claims processing. However, the adoption of technology comes with the risk of cyber threats.\nZacks Industry Rank Indicates Bright Prospects\nThe group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging prospects in the near term. The Zacks Multiline Insurance industry, housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #87, which places it in the top 35% of 249 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.\nThe industry’s positioning in the top 50% of the Zacks-ranked industries is the result of a positive earnings outlook for the constituent companies in aggregate. The rosy outlook reflects that the industry’s earnings estimates have been revised upward by analysts for the current year.\nBefore we present a few multiline insurance stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.\nIndustry Outperforms Sector but Underperforms S&P 500\nThe Multiline Insurance industry has outperformed the sector over the past year but underperformed the Zacks S&P 500 composite over the same time frame. The stocks in this industry have collectively gained 5.3% in the past year compared with the Finance sector’s increase of 3.1% and the Zacks S&P 500 composite rise of 7% in the same time frame.\nCurrent Valuation\nOn the basis of its trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 2.48X compared with the S&P 500’s 6.14X and the sector’s 3.06X.\nOver the past five years, the industry has traded as high as 2.81X, as low as 0.69X and at the median of 1.51X.\n5 Multiline Insurance Stocks to Keep an Eye On\nWe are presenting one Zacks Rank #2 (Buy) stock and four Zacks Rank #3 (Hold) stocks from the Multiline Insurance industry.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nOld Republic International: Based in Chicago, IL, Old Republic engages in the insurance underwriting and related services business, primarily in the United States and Canada. The company’s solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and strong capital position poise it well for growth. It has a Zacks Rank #2.\nThe Zacks Consensus Estimate for 2024 and 2025 earnings indicates a year-over-increase of 3.8% and 4.4%, respectively. ORI delivered a four-quarter average earnings surprise of 6.61%.\nAmerican International Group: Headquartered in New York, AIG provides insurance products for commercial, institutional and individual customers in North America and internationally. Strategic business de-risking, acquisitions, cost-control efforts and accelerated capital deployment will drive this Zacks Rank #3 insurer’s growth.\nThe Zacks Consensus Estimate for 2024 and 2025 earnings indicates a year-over-increase of 4.4% and 16%, respectively. The expected long-term earnings growth rate is pegged at 11.9%. The consensus estimate for 2024 and 2025 has moved 1 cent and 2 cents north, respectively, in the past 30 days. AIG delivered a four-quarter average earnings surprise of 9.18%.\nMetLife: This New York-based insurance-based global financial services company provides protection and investment products to a range of individual and institutional customers. This Zacks Rank #3 insurer’s focus on businesses with growth potential and strategies to control costs and increase efficiency bodes well for growth.\nThe Zacks Consensus Estimate for 2024 and 2025 earnings indicates a year-over-increase of 17.6% and 13.7%, respectively. Its expected long-term earnings growth rate is pegged at 13.9%. MET delivered a four-quarter average earnings surprise of 0.71%.\nPrudential Financial: Headquartered in Newark, NJ, Prudential is a financial services leader offering an array of financial products and services. It carries a Zacks Rank #3. Its solid asset-based businesses, improved margins in the Group Insurance business, solid international operations, a high-performing asset management business and deeper reach in the pension risk transfer market are catalysts for long-term growth. A vast distribution network, a compelling product portfolio and a superior brand image give it a competitive edge. PRU is on track to become a higher-growth, less market-sensitive business.\nThe Zacks Consensus Estimate for 2024 and 2025 earnings indicates a year-over-increase of 15.4% and 8.3%, respectively. The expected long-term earnings growth rate is pegged at 10%. PRU delivered a four-quarter average earnings surprise of 0.23%.\nThe Hartford Financial Services Group: Headquartered in Hartford, CT, this Zacks Rank #3 insurer is one of the major multi-line insurance and investment companies in the country. It is poised to grow on improvement in the quality and size of mortgage insurance in force, a decline in claim payments, given the strong credit characteristics of the new loans insured, maintenance of capital in compliance with regulations and its solid capital position.\nThe Zacks Consensus Estimate for 2024 and 2025 earnings indicates a year-over-increase of 11.9% and 14.3%, respectively. Its expected long-term earnings growth rate is pegged at 12.2%. HIG delivered a four-quarter average earnings surprise of 10.85%.\nWhy Haven’t You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nJoin us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/\nZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nsupport@zacks.com\nhttps://www.zacks.com\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Hartford Financial Services Group, Inc. (HIG) : Free Stock Analysis Report\nAmerican International Group, Inc. (AIG) : Free Stock Analysis Report\nMetLife, Inc. (MET) : Free Stock Analysis Report\nPrudential Financial, Inc. (PRU) : Free Stock Analysis Report\nOld Republic International Corporation (ORI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443623492"}