Company & Industry Overviews
Unum Group, which provides supplemental insurance coverage in the workplace, was the S&P 500’s top loss on Wednesday.
According to the April 2016 meeting minutes, policymakers expect the rise of inflation to be gradual, though core inflation sped up in early 2016.
On average, the insurance stocks within XLF have a 14-day RSI (relative strength index) of 57. This suggests that they still aren’t overbought.
The PBV (price-to-book value) ratios of Torchmark, Prudential, Unum, CNO, and Primerica are 1.71x, 0.89x, 0.97x, 0.87x, and 2.05x, respectively.
Torchmark’s market capitalization is $7.3 billion. Its year-to-date price movement is increasing with its rise in net income quarter-over-quarter in 2015.
Interest rates are a key performance driver for life insurance stocks. Rates affect margins, hedging costs, and product sales.