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.”
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Life insurers that focus on businesses with high returns on equity and operate strong stock buyback programs should do better than others, Kamath writes.