TRV - KIE: Caution As Dividend Yield Dips To Decade Low
2024-01-24 02:37:46 ET
Summary
- Insurance stocks have been big winners amid record earnings with climbing coverage premiums in recent years.
- The KIE ETF is currently trading at an all-time high, but industry valuations appear stretched.
- We expect the KIE ETF to face renewed volatility into new uncertainties regarding the macro backdrop and the trajectory of interest rates.
Insurance stocks don't often grab many headlines, but we can point out that the SPDR S&P Insurance ETF ( KIE ) has been a big winner over the last several years, outperforming not only the broader financial sector but also the S&P 500 ( SPY ) since 2021....
KIE: Caution As Dividend Yield Dips To Decade Low