360° Coverage : 3 Cheap, Dividend-Paying Insurance Stocks In Uptrends

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3 Cheap, Dividend-Paying Insurance Stocks In Uptrends

Mar 16 2014, 12:59pm CDT | by

If you screen for insurance stocks trading below book value, with price-to-earnings ratios below that of the market as a whole — and which pay a dividend — you will uncover these 3 that look...

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19 weeks ago

3 Cheap, Dividend-Paying Insurance Stocks In Uptrends

Mar 16 2014, 12:59pm CDT | by

If you screen for insurance stocks trading below book value, with price-to-earnings ratios below that of the market as a whole — and which pay a dividend — you will uncover these 3 that look attractive:

Lincoln National Corp. (NYSE:LNC) has been in the life and health insurance business since 1904. That’s a long time. It trades at $50.41 with a P/E of 11, a price-to-book of .98 and a 1.3% dividend. A year ago, you could have been into shares at 30. Nice move. In late 2011, the stock traded as low as 18 — Fed policy has been kind to this sector.

PartnerRe LTD. (NYSE:PRE) is a re-insurer based in Bermuda.  It traded at $101 last week.  The P/E is 9, the price-to-book is .80 and the dividend yield is 2.6%.  A year ago, PRE could be had for 90. The 3- year low was 48 in late 2011. Long-term share holders must be pleased.

Symetra Financial (NYSE:SYA) markets life and health insurance, in business since 1957. The stock trades at $19.67 with a P/E of 11, a price-to-book of .79 and a 1.8% dividend. This one could have been purchased at 13.50 a year ago. It’s up from the 2011 low of 7.14. One caution: for an NYSE listing, it’s thinly traded with average daily volume at about 300k.

That these stocks have been in up trends is no guarantee that up trending will continue. Each one continues to trade above the significant 50 and 200-day moving averages. A price break below those lines would signal caution.

The intriguing old-school valuation metrics suggest a closer look may be warranted.

Discolusre: I do not have a position in these stocks, long or short.

Source: Forbes Business

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rak ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by r ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was reject ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddi ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states la ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Must ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) today. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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