Aflac, Hartford, MetLife, Pru shares get ‘buy rating’
March 10, 2014 by Warren S. Hersch
Just four out of 15 life insurers received a “buy” rating in a Sterne Agee industry report, released today.
The report, authored by Sterne Agree Analyst John Nadel, gives “buy” ratings to Aflac, Hartford Financial Services Group, MetLife and Prudential Financial.
Citing improving macroeconomic factors, among them today’s better-than-expected jobs report, as well as gains in S&P futures and 10-year Treasury yields, the report states that investors “should focus on this subgroup of stocks [Aflac, Hartford, MetLife and Prudential], particularly given the clear leverage to the improving macros (save for [Aflac]).”