Filed Under:Life Insurance, Life Products

Insurers’ share prices trading below historical averages

Shares for nine of 13 life insurers are trading below their historical averages, the Sterne Agee report shows.
Shares for nine of 13 life insurers are trading below their historical averages, the Sterne Agee report shows.

Share prices of major life insurers are trading below their historical averages, new research shows.

A report from Sterne Agee reveals that shares for nine of 13 life insurers are trading below their historical averages, the discount ranging from 62 percent to 99 percent. Just four companies — Prudential Financial, Ameriprise Financial, Torchmark and Unum — are enjoying share prices above their historical averages. A recap in share price performance for nine of the stocks follows.

 

AFL

AIZ

AMP

HIG

LNC

MET

PFG

PL

PRU

Current share price

$65.00

$58.56

$96.44

$33.75

$45.02

$49.40

$44.96

$45.45

$82.00

Current vs. historical average

62%

86%

180%

59%

77%

85%

97%

85%

114%

Current vs. Average, 2003-2007

56%

58%

166%

52%

66%

70%

73%

81%

91%

“Given the lack of year-to-date stock performance across [the life insurance] sector, we have argued investors should be far more selective,” the report states. “Where stock picking has mattered very little [year-to-date], we think it will matter much more looking forward.”

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