Top Insurance Stocks To Add to Your Watchlist – March 23rd

Wells Fargo & Company, Marsh & McLennan Companies, and Progressive are the three Insurance stocks to watch today, according to MarketBeat’s stock screener tool. Insurance stocks are shares of companies that underwrite and sell insurance policies (life, health, property & casualty and reinsurance) and generate revenue from premiums plus investment income on the reserves they hold. For investors, they are often seen as relatively defensive, income-producing equities with steady cash flows and dividends, but they carry unique risks such as underwriting losses, catastrophe exposure, interest-rate sensitivity and heavy regulation. Performance is driven by claims trends, pricing cycles and returns on the insurers’ investment portfolios. These companies had the highest dollar trading volume of any Insurance stocks within the last several days.

Wells Fargo & Company (WFC)

Wells Fargo & Co. is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

Marsh & McLennan Companies (MRSH)

Marsh & McLennan Cos., Inc. is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.

Progressive (PGR)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.