Reported about 1 year ago
CFRA, a research institution, recommends positioning in insurance stocks as the U.S. enters an active hurricane season. CFRA's picks include insurance giants like AIG, Arch Capital Group, Arthur J. Gallagher, Progressive, and Berkshire Hathaway. With an expected 23 named storms this summer, including 11 hurricanes and 5 major hurricanes, the impact on residential and commercial real estate markets is anticipated. CFRA advises investors to focus on these five insurance and reinsurance companies with manageable hurricane risks, highlighting Berkshire Hathaway for its revenue growth potential in the reinsurance sector yielding a target price of $472, implying a 15% upside potential.
Source: YAHOO