When it comes to life insurance stocks, institutional investors have been either inattentive or bearish. Of the 22 names with market caps above $300 million, only 6 (27.27%) have received any significant attention – all net selling.
Is the field unattractive to investors? Perhaps. In the last 5 years the industry spent much of its time in the red, and well below the S&P. But significant sell off? Do institutional investors, who tend to have more sophisticated market data, think these 6 names have more downside to price in?
The 22 stocks in our universe have an average 1-year return of 35%. The 6 names on the list below have an average 1-year return of 30%.
Here are the 6 names seeing significant selloff in the current quarter. Do you think they’re onto something? Use this list as a starting point for your own analysis.
1. FBL Financial Group Inc. (FFG, Earnings, Analysts, Financials): Through its subsidiaries, sells individual life insurance and annuity products in the United States. Market cap at $900.7M, most recent closing price at $34.26. Net institutional sales in the current quarter at -1.5M shares, which represents about 6.04% of the company’s float of 24.84M shares.
2. Genworth Financial Inc. (GNW, Earnings, Analysts, Financials): Provides insurance, wealth management, investment, and financial solutions in the United States and internationally. Market cap at $2.87B, most recent closing price at $5.83. Net institutional sales in the current quarter at -39.9M shares, which represents about 8.59% of the company’s float of 464.71M shares.
3. Lincoln National Corp. (LNC, Earnings, Analysts, Financials): Engages in multiple insurance and retirement businesses in the United States. Market cap at $7.14B, most recent closing price at $25.0. Net institutional sales in the current quarter at -16.7M shares, which represents about 6.% of the company’s float of 278.41M shares.
4. Primerica, Inc. (PRI, Earnings, Analysts, Financials): Engages in the distribution of financial products on behalf of third parties to middle income households in the United States and Canada. Market cap at $1.75B, most recent closing price at $29.19. Net institutional sales in the current quarter at -2.9M shares, which represents about 6.14% of the company’s float of 47.25M shares.
5. Sun Life Financial Inc. (SLF, Earnings, Analysts, Financials): Provides various life and health insurance, savings, investment management, retirement, and pension products and services to individuals and corporate customers. Market cap at $14.32B, most recent closing price at $24.11. Net institutional sales in the current quarter at -26.5M shares, which represents about 5.15% of the company’s float of 514.29M shares.
6. Torchmark Corp. (TMK, Earnings, Analysts, Financials): Provides individual life and supplemental health insurance products, and annuities to middle income households. Market cap at $4.98B, most recent closing price at $52.23. Net institutional sales in the current quarter at -6.5M shares, which represents about 6.92% of the company’s float of 93.89M shares.
Institutional data sourced from Fidelity, all other data sourced from Finviz.
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Analyze These Ideas: Getting Started
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Dig Deeper: Access Company Snapshots, Charts, Filings
- FBL Financial Group Inc. (FFG, Chart, Download SEC Filings)
- Genworth Financial Inc. (GNW, Chart, Download SEC Filings)
- Lincoln National Corp. (LNC, Chart, Download SEC Filings)
- Primerica, Inc. (PRI, Chart, Download SEC Filings)
- Sun Life Financial Inc. (SLF, Chart, Download SEC Filings)
- Torchmark Corp. (TMK, Chart, Download SEC Filings)
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Prime America is the one that always surprises me. Good to see them on the list.