3 Insurance Stocks With Promising Growth Potential

investing.com:

The insurance industry is predominantly associated with value companies with the potential for stable long-term returns and increased resistance to market turbulence. As we seek defensive positions for our investment portfolios, directing attention toward the insurance sector becomes worthwhile.

Among the notable contenders is Primerica (NYSE:PRI), an established brand operating in both the US and Canadian markets. The company's core operations revolve around selling policies and insurance products through a network of full-time and part-time agents. Over the past year, Primerica's stock price has shown an upward trajectory, reaching historic highs of around $196 per share.

Aside from Primerica, two other companies that appear intriguing in the insurance industry are UnitedHealth Group (NYSE:UNH) and Markel (NYSE:MKL). These companies exhibit favorable conditions for growth from both technical and fundamental perspectives. Let's take a look at the three companies, one by one:

Primerica, in particular, demonstrates the potential to surpass the $200 mark and establish new all-time highs. Over the past few weeks, the company has been actively testing historical peak levels, laying the groundwork for a potential breakthrough. The fair value index further supports this upward momentum, suggesting a favorable scenario of surpassing the $200 barrier and reaching new milestones around $230 per share.

Source: InvestingPro

Analyzing the comprehensive summary of fundamental highlights, it becomes evident that the bullish perspective holds numerous compelling arguments in its favor.

Source: InvestingPro

Long-term investors should find it particularly significant that the company has consistently maintained a record of dividend