Analyst: Life Sector Will Outperform Market
Publicly traded life insurers should do better than other public companies over the next 6 months, and life insurers with relatively light exposure to fluctuations in stock prices should do especially well.[@@]
Suneet Kamath, a life sector analyst at Sanford C. Bernstein & Company L.L.C., New York, gives those predictions in a mid-year review.
“In our opinion, future performance will likely resemble that of the past 6 months,” Kamath writes in the mid-year review. “On a year-to-date basis, the life sector is outperforming the market by about 300 basis points.”
Life insurers that focus on businesses with high returns on equity and operate strong stock buyback programs should do better than others, Kamath writes.