PGR - 3 Top Insurance Stocks to Buy in April
2023-04-10 09:53:00 ET
Insurance isn't a terribly exciting business, but there's no doubt that insurance stocks have held up quite well in recent years. Over the last three years, the S&P Insurance ETF has beaten the S&P 500 , with returns of 71.3% compared to 64.8%.
Insurance stocks can make solid investments because the insurance business sees a steady stream of demand during economic growth or inflationary periods. However, not any insurance stock will do. One thing I like to see from top insurers is a track record of stellar profits and a business that can weather difficult times.
Progressive (NYSE: PGR) and Marsh & McLennan (NYSE: MMC) have a proven history of success through various recessions. Kinsale Capital (NYSE: KNSL) has a short but successful history thus far and excellent potential. Here's why these three insurance stocks look like attractive buys in April.
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3 Top Insurance Stocks to Buy in April