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Yahoo
2 days ago
- Business
- Yahoo
Berkshire Hathaway vs. Allstate: Which Insurer is a Safer Play?
Improved pricing, rising climate-related risks and rapid digitalization are poised to shape the insurance industry's trajectory in 2025. While insurers continue to face exposure to catastrophe losses linked to climate change, stronger pricing is helping to sustain profitability. MarketScout's Market Barometer reports a 3% composite rate increase in the commercial insurance segment, with personal lines seeing a more pronounced rise of 4.9% in the first quarter of 2025, up from 4% in the fourth quarter of 2024. Although the Federal Reserve has maintained interest rates between 4.25% and 4.5% since December, speculation is rising around a potential rate cut in July or September. Yet, Berkshire Hathaway Inc. (BRK.B) and The Allstate Corporation ALL — two insurance behemoths — are expected to stay strong. Meanwhile, the industry's growing embrace of digital innovation is expected to fuel a surge in merger and acquisition (M&A) activity, especially in technology-driven deals, according to Willis Towers Watson's Quarterly Deal Performance Monitor. Yet, as an investment option, which stock is more attractive for long-term insurance-focused investors? Let's closely look at the fundamentals of these stocks. Berkshire Hathaway is a diversified conglomerate with ownership in more than 90 subsidiaries across a broad range of industries, including insurance and consumer products, helping to minimize concentration risk. Of these, insurance is the most prominent, contributing approximately one-fourth of the company's total revenues. This segment is well-positioned for continued growth, driven by increased market exposure, disciplined underwriting practices and favorable pricing growth of its insurance business not only expands its float but also strengthens earnings, improves return on equity and provides the financial flexibility to pursue strategic acquisitions. With a strong cash position, Berkshire frequently acquires companies or raises its stakes in those that deliver consistent earnings and high returns on equity. While large acquisitions introduce new growth opportunities, smaller bolt-on deals enhance operational efficiency and by Warren Buffett, Berkshire has consistently followed a disciplined investment philosophy, targeting undervalued assets with strong long-term potential. Key investments in firms like Coca-Cola, American Express, Apple, Bank of America, Chevron and Occidental Petroleum exemplify this the company remains solid, with its net margin improving by 190 basis points year over year. With over $100 billion in cash reserves, minimal debt, and a strong credit profile, Berkshire Hathaway's balance sheet continues to reflect exceptional resilience and financial return on equity of 7.2% lags the industry average of 8% but this company has improved the same over time. BRK.B shares have gained 8.2% year to date, outperforming the industry's increase of 8.1%. Allstate is the third-largest property-casualty insurer and the largest publicly traded personal lines carrier in the United States. The company is focused on transforming into a low-cost, digitally enabled insurer with broad distribution capabilities. Its auto insurance segment has returned to target margins, while the homeowners segment continues to deliver solid returns. Allstate is refining its strategy by emphasizing core strengths and exiting less profitable business expects growth in total Property-Liability policies in force, driven by improving auto policy renewal rates and an increase in new business. However, its strong dependence on the U.S. market presents geographic concentration margin has expanded by 980 basis points over the past two years, supported by prudent underwriting practices. Nonetheless, ongoing efforts to reduce losses may lead to fewer policies in force. The increase in vehicle traffic could result in higher claim frequency, making it more difficult for Allstate to maintain its mid-90s combined ratio target in auto. Additionally, inflation, supply chain constraints, and advanced automotive technologies are driving up repair and replacement costs, adding further pressure on these challenges, Allstate's disciplined capital deployment strategy continues to support growth and shareholder returns. However, its relatively high debt level remains a concern, with leverage and interest coverage metrics falling short of industry return on equity of 24.6% is better than the industry average. ALL shares have gained 3.9% year to date, but underperformed the industry. The Zacks Consensus Estimate for BRK.B's 2025 revenues implies a year-over-year increase of 8.6% while that for EPS implies a year-over-year decrease of 6.7%. EPS estimates have moved 0.2% north over the past 30 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for ALL's 2025 revenues implies a year-over-year increase of 7.6% while that for EPS implies a year-over-year decrease of 0.7%. EPS estimates have moved 1.7% north over the past 30 days. Image Source: Zacks Investment Research Berkshire is trading at a price-to-book multiple of 1.61, above its median of 1.39X over the last five years. ALL's price-to-book multiple sits at 2.65, above its median of 1.97X over the last five years. Image Source: Zacks Investment Research Holding shares of Berkshire Hathaway adds dynamism to shareholders' portfolios. It gives the feel of investing in mutual funds while being rewarded with higher returns. Above all, the company has Warren Buffett at its helm, who has been creating tremendous value for shareholders over nearly six decades with his unique skills. However, all eyes are now on how the behemoth fares when Greg Abel succeeds Warren Buffett as CEO of Berkshire, starting Jan. 1, 2026. Warren Buffett will continue to be the company's executive chairman. BRK.B has a VGM Score of represents a compelling investment opportunity, underpinned by improved profitability through disciplined underwriting, ongoing digital transformation, and a renewed emphasis on its core personal lines business. While short-term challenges such as inflation and elevated claims costs persist, the rebound in auto margins, increasing policy count, and a robust capital return strategy position the company well for sustained long-term growth. ALL has a VGM Score of the basis of return on equity, which reflects a company's efficiency in generating profit from shareholders' equity as well as gives a clear picture of the company's financial health, ALL scores higher than BRK.B. Though both these stocks carry a Zacks Rank #3 (Hold), ALL has an edge over BRK.B. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report The Allstate Corporation (ALL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
03-06-2025
- Business
- Yahoo
4 Insurance Stocks That Have Outperformed the S&P 500 in a Year
Better pricing, prudent underwriting and exposure growth have helped the insurance industry perform well. Redesigning and repricing of products and services to maintain sales and profitability, increased automation, prudent underwriting standards, and an improving rate environment are expected to drive premium growth and boost the industry's efficiency. The insurance industry has outperformed the Zacks S&P 500 composite and the Finance sector in the past year. The insurance industry has rallied 21.9% in the past year compared with the Zacks S&P 500 composite's return of 11.9% and the Finance sector's growth of 18%.Here are four insurance stocks that have performed well over the past year, riding on strong fundamentals. HCI Group, Inc. HCI, Heritage Insurance Holdings, Inc. HRTG, Horace Mann Educators Corporation HMN and The Travelers Companies, Inc. TRV have outperformed the industry, the sector and the S&P 500 composite in the past year. These stocks are poised to maintain the rally, given their solid prospects. Image Source: Zacks Investment Research Non-life insurers are exposed to catastrophe losses and their profitability is vulnerable to the same. According to CoreLogic, the estimate for insurance market losses across residential and commercial exposures for the Eaton and Palisades Fires in Los Angeles is between $35 billion and $45 billion. Per Moody's RMS Event Response, the insured losses for the January 2025 Los Angeles firestorm events are projected between $20 billion and $30 catastrophe losses continue to provide impetus to policy renewal rates. MarketScout's Market Barometer reports a 3% rise in commercial insurance rates and a 4.9% increase in personal lines in the first quarter of 2025. Price hikes, operational strength, higher retention, strong renewal and the appointment of retail agents should help write higher premiums. Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by insurers benefit from a diversified portfolio that lowers concentration risk. While higher demand for protection products benefits sales and premiums of life insurance operations, better pricing and increased exposure to intangibles and cyber threats support premium growth of non-life insurance operations. Per the 2024 global insurance outlook published in Financial Services, U.S. demand for catastrophe reinsurance is expected to grow, putting upward pressure on prices. The insurance industry is rate-sensitive. An improving rate environment is a boon for insurers, especially long-tail insurers. The Fed kept the funds rate at 4.25-4.50% for a third consecutive meeting held in May 2025. With a large invested asset base, investment income should remain healthy, even if the Fed cuts rates later this year. Also, the insurance players are investing heavily in technology to improve scale and efficiency. This should help them generate higher margins and improve industry is also witnessing accelerated digitalization to improve scale and efficiency. While a solid policyholders' surplus helps the industry absorb losses, a sturdy capital level supports inorganic expansion, investment in growth initiatives and distribution of wealth to shareholders. With the help of the Zacks Stock Screener, we have selected three insurance stocks with an impressive Value Score of A or B. The stocks mentioned below either carry a Zacks Rank #1 (Strong Buy) or a Zacks Rank #2 (Buy) at present. Back-tested results have shown that for stocks with a solid Value Score and a favorable Zacks Rank, the returns are even better. HCI Group: It is a holding company that conducts its business activities through its subsidiaries. HCI is engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance. HCI provides property and casualty insurance. HCI's insurance product includes property and casualty homeowners' insurance, condominium-owners' insurance and tenants' insurance for individuals owning property. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for HCI Group's 2025 earnings per share indicates a year-over-year increase of 109.7%. The consensus estimate for revenues is pegged at $887.81 million, implying a year-over-year improvement of 18.3%. The consensus estimate for 2026 revenues indicates an increase of 5.9% from the 2025 estimates. HCI has an impressive Growth Score of of the three analysts covering the stock have raised estimates for 2025, and each of two has raised the same for 2026 over the past 30 days. The consensus estimate for 2025 and 2026 has moved 3.8% and 13% north, respectively, in the past 30 days. The company's earnings have improved 19% in the past five years. HCI Group delivered a four-quarter average earnings surprise of 42.13%. The insurer has an impressive Value Score of A, as well as a favorable VGM Score of A. HCI shares have rallied 77% in the past year. The company's return on equity in the trailing 12 months was 27.6%, better than the industry average of 9.3%.Heritage Insurance: It provides personal and commercial residential insurance products. HRTG offers personal residential insurance, commercial residential insurance for properties and personal residential and wind-only property insurance, licensed in the state of Pennsylvania. Its growing commercial residential business, expanding E&S business and improving pricing are expected to deliver better margins and boost earnings. Rate adequacy, selective profit-oriented underwriting criteria and restricting new business in over-concentrated markets or products should drive profitability for Heritage Insurance. The excess and supply (E&S) business is another growth lever for Heritage. HRTG stated that it will consider and evaluate growth opportunities in a greater number of states. Its reinsurance program shields Heritage Insurance from exposure to hurricanes and other severe weather events in the coastal area. The Zacks Consensus Estimate for Heritage Insurance's 2025 earnings per share indicates a year-over-year increase of 61.6%. The consensus estimate for revenues is pegged at $854.90 million, implying a year-over-year improvement of 4.6%. The consensus estimate for 2026 earnings per share and revenues indicates an increase of 13.2% and 7.3%, respectively, from the 2025 of the two analysts covering the stock has raised estimates for 2025 and 2026 over the past 30 days. The consensus estimate for 2025 and 2026 has moved 33.7% and 17.5% north, respectively, in the past 30 days. The company's earnings have improved 17.6% in the past five years. Heritage Insurance delivered a four-quarter average earnings surprise of 363.17%. The insurer has an impressive Value Score of B. HRTG shares have rallied 209.1% in the past year. The company's return on equity in the trailing 12 months was 26.95%, better than the industry average of 9.36%.Horace Mann Educators: It is the largest financial services company serving the U.S. educator market. Niche focus, improving product offerings, better pricing and a strengthened distribution model are likely to benefit first-quarter results. Earned premium growth ahead of loss cost growth is likely to have favored the combined ratio. Continued share buybacks are expected to have boosted the bottom Zacks Consensus Estimate for Horace Mann Educators' 2025 earnings per share indicates a year-over-year increase of 26.1%. The consensus estimate for revenues is pegged at $1.70 billion, implying a year-over-year improvement of 6.6%. The consensus estimate for 2026 earnings per share and revenues indicates increases of 10.3% and 5.7%, respectively, from the 2025 estimates. HMN has an impressive Growth Score of of the two analysts covering the stock has raised estimates for 2025, and one of the two has raised the same for 2026 over the past 30 days. The consensus estimate for 2025 and 2026 has moved 5.5% and 4.7% north, respectively, in the past 30 days. The company's earnings have improved 8.7% in the past five years. Horace Mann Educators has a solid track record of beating earnings estimates in three of the last four quarters and matching in one, the average being 24.09%. The insurer has an impressive Value Score of A, as well as a favorable VGM Score of A. HMN shares have rallied 28.8% in the past year. The company's return on equity in the trailing 12 months was 11.86%, better than the industry average of 9.36%.The Travelers: Travelers Companies is one of the leading writers of auto and homeowners' insurance, plus commercial U.S. property-casualty insurance. High levels of retention, improved pricing, increased new business and a positive renewal premium change, banking on the strength of a compelling product portfolio of coverages across nine lines of business, position it well for growth. Travelers' commercial businesses should continue to perform well on the back of stability in the markets where it operates, as well as the execution of its Zacks Consensus Estimate for Travelers' 2025 revenues is pegged at $49.17 billion, implying a year-over-year improvement of 5.8%.The consensus estimate for 2026 earnings per share and revenues indicates an increase of 30.8% and 6.3%, respectively, from the 2025 estimates. Four of the 14 analysts covering the stock have raised estimates for 2025, and two of the 14 have raised the same for 2026 over the past 30 days. The consensus estimate for 2025 and 2026 has moved 1% and 0.7% north, respectively, in the past 30 days. The company's earnings have improved 17.2% in the past five years. TRV delivered a four-quarter average earnings surprise of 75.37%. The insurer has an impressive Value Score of B, as well as a favorable VGM Score of B. The Travelers shares have rallied 31.3% in the past year. The company's return on equity in the trailing 12 months was 16.1%, better than the industry average of 9.36%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report HCI Group, Inc. (HCI) : Free Stock Analysis Report Horace Mann Educators Corporation (HMN) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
02-05-2025
- Business
- Globe and Mail
Zacks Industry Outlook Highlights Berkshire Hathaway, The Progressive, Chubb, The Travelers Companies and The Allstate
For Immediate Release Chicago, IL – May 2, 2025 – Today, Zacks Equity Research discusses Berkshire Hathaway ( BRK.B ), The Progressive Corp. PGR, Chubb Ltd. CB, The Travelers Companies TRV and The Allstate Corp. ALL. Industry: Property & Casualty Insurance Link: The Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from better pricing, prudent underwriting and exposure growth. Industry players like Berkshire Hathaway, The Progressive Corp., Chubb Ltd., The Travelers Companies and The Allstate Corp. are poised to grow despite a rise in catastrophes. Given an active catastrophe environment, the policy renewal rate should accelerate. Also, the increasing adoption of technology and the emergence of insurtech will help the industry players function smoothly. However, insurers witnessed a decline in pricing after more than seven years of rate rise in the third quarter of 2024 but bounced back in the fourth quarter. Last year witnessed three interest rate cuts, and there is a possibility of more this year. This is a concern for insurers as they are direct beneficiaries of an improved rate environment. Also, the imposition of tariffs by President Trump as well as higher inflation will have an impact on pricing. Nonetheless, an improvement in surplus and accelerated economic activities set the stage for a better M&A environment. Per Fitch Ratings, personal auto is expected to stay strong, and coupled with better investment results and lower claims, should fuel insurers' performance in 2025. About the Industry The Zacks Property and Casualty Insurance industry comprises companies that provide commercial and personal property insurance, and casualty insurance products and services. Such insurance helps to safeguard property in case of any natural or man-made disasters. Liability coverages are also provided by some industry players. The insurance coverage offered also includes automobiles, professional risk, marine, excess casualty, aviation, personal accident, commercial multi-peril, and professional indemnity and surety. Premiums are the primary source of revenues for these insurers. Better pricing and increased exposure drive premiums. These companies invest a portion of premiums to meet their commitments to policyholders. However, three rate cuts last year and a few more expected this year raise concerns. 4 Trends Shaping the Future of the Property and Casualty Insurance Industry Better pricing to help navigate claims: Catastrophes remain a major concern for insurers due to the high losses incurred, leading to rate increases to ensure claims payouts. MarketScout's Market Barometer reports a 3% rise in commercial insurance rates and a 4.9% increase in personal lines in the first quarter 2025. Fitch Ratings expects strong performance in personal auto insurance, driven by improved investment returns and reduced claims. S&P Global projects that underwriting profits in this segment will stabilize as insurers aim to grow policy volumes while keeping rates steady or slightly reduced. Deloitte estimates gross premiums to grow sixfold to $722 billion by 2030, with China and North America accounting for over two-thirds of the total. Swiss Re predicts premium growth of 5% in 2025 and 4% in 2026. Catastrophe loss induces volatility in underwriting profits: The property and casualty insurance industry is susceptible to catastrophe events, which drag down underwriting profits. Per Aon, first-quarter insured losses from natural catastrophes are projected at more than $53 billion, which represents the second-highest total on record after the first quarter of 2011. California wildfires contributed nearly $38 billion, or 71% of the total insured losses, per Aon. According to Intact Financial Corporation, total catastrophe losses in the first quarter of 2025 are expected to be $244 million, pre-tax and net of reinsurance. Swiss Re estimates the combined ratio to improve from 2023 to 98.5% in 2025 and deteriorate by another 50 basis points to 99% in 2026. Underwriting profitability is expected to be under pressure, primarily due to soft performance in personal lines, which are expected to witness higher catastrophe losses per Insurance Information Institute and Milliman Exposure growth, better pricing, prudent underwriting and favorable reserve development will help withstand the blow. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate. Merger and acquisitions: Consolidation in the property and casualty industry is likely to continue as players look to diversify their operations into new business lines and geography. Buying businesses along the same lines will also continue as players look to gain market share and grow in their niche areas. With a sturdy capital level, the industry is witnessing a number of mergers, acquisitions and consolidations. Increased adoption of technology: The industry is witnessing increased use of technology like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing and robotic process automation that expedite business operations and save costs. The industry has also witnessed the emergence of insurtechs or technology-led insurers. The focus of insurtech is mainly on the property and casualty insurance industry. Insurers continue to invest heavily in technology, generative AI in particular, as it is expected to improve basis points, scale and efficiencies. However, the use of technology poses cyber threats. Zacks Industry Rank Indicates Bright Prospects The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright prospects in the near term. The Zacks Property and Casualty Insurance industry, which is housed within the broader Zacks Finance sector, currently carries a Zacks Industry Rank #37, which places it in the top 15% of more than 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. The industry's positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Before we present a few property and casualty stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture. Industry Outperforms Sector and the S&P 500 The Property and Casualty Insurance industry has outperformed its sector and the Zacks S&P 500 composite year to date. The stocks in this industry have collectively risen 15.3% compared with the sector's increase of 1.4%. The Zacks S&P 500 composite has declined 23.6% in the said time frame. Current Valuation On the basis of the trailing 12-month price-to-book (P/B), which is commonly used for valuing insurance stocks, the industry is currently trading at 1.65X compared with the S&P 500's 7.82X and the sector's 3.97X. Over the past five years, the industry has traded as high as 1.67X, as low as 1.09X and at the median of 1.34X. 5 Property and Casualty Insurance Stocks to Focus On Here, we are discussing one Zacks Rank #2 (Buy) stock and four Zacks Rank #3 (Hold) stocks from the P&C Insurance industry. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Progressive Corp.: Based in Mayfield Village, OH, Progressive is one of the major auto insurers in the country. It is the largest seller of motorcycle and boat policies, the market leader in commercial auto insurance and one of the top 15 homeowners carriers based on premiums written. A solid market presence, a convincing portfolio of products and services, and underwriting and operational expertise should help this insurer deliver steady profitability. It carries a Zacks Rank #2. The Zacks Consensus Estimate for PGR's 2025 and 2026 earnings suggests 11.8% and 1.9% year-over-year growth, respectively. The consensus estimate for 2025 and 2026 earnings has moved 0.1% and 0.6% north, respectively, in the past seven days. It delivered a four-quarter average earnings surprise of 18.45%. It has a VGM Score of B. The expected long-term earnings growth rate is pegged at 10.4%, better than the industry average of 7.4%. Berkshire Hathaway: Omaha, NE-based Berkshire Hathaway owns more than 90 subsidiaries in insurance, railroads, utilities, manufacturing services, retail and homebuilding. BRK.B is one of the largest property and casualty insurance companies measured by premium volume. BRK.B, carrying a Zacks Rank #3, should continue to benefit from its growing Insurance business as well as Manufacturing, Service and Retailing, and Finance and Financial Products segments. Continued insurance business growth fuels an increase in float, drives earnings and generates maximum return on equity. With Warren Buffett at its helm, Berkshire continues to create tremendous value for shareholders. The Zacks Consensus Estimate for 2026 bottom line suggests a year-over-year increase of 7.7%. The expected long-term earnings growth rate is 7%. Allstate: Headquartered in Northbrook, IL, Allstate is the third-largest property-casualty (P&C) insurer and the largest publicly held personal lines carrier in the United States. Its premiums are poised to improve courtesy of rate increases in auto and home insurance businesses as well as an enhanced distribution strategy. The company keeps expanding its Protection Services business with strategic acquisitions, which position it for long-term growth. Divestments and cost-cutting measures are expected to enhance margins of this Zacks Rank #3 insurer. The Zacks Consensus Estimate for ALL's 2026 earnings suggests 28.3% year-over-year growth. The consensus estimate has moved up 1 cent in the past seven days. The company delivered a four-quarter average earnings surprise of 127.06%. The expected long-term earnings growth rate is pegged at 10%. It has a VGM Score of B. The Travelers Companies: Based in New York, NY, Travelers Companies is one of the leading writers of auto and homeowners' insurance plus commercial U.S. property-casualty insurance. High levels of retention, improved pricing, increased new business and a positive renewal premium change, banking on the strength of a compelling product portfolio of coverages across nine lines of business, poise it well for growth. Travelers' commercial businesses should continue to perform well on the back of stability in the markets where it operates as well as the execution of its strategies. It carries a Zacks Rank #3. The Zacks Consensus Estimate for TRV's 2026 earnings suggests 31.2% year-over-year growth. The consensus estimate for 2026 has moved up 4.7% in the past seven days. It delivered a four-quarter average earnings surprise of 75.37%. It has a VGM Score of B. The expected long-term earnings growth rate is pegged at 3.6%. Chubb Ltd.: Headquartered in Zurich, Switzerland, Chubb is one of the world's largest providers of property and casualty insurance and reinsurance and the largest publicly traded P&C insurer based on market capitalization. Chubb is poised for long-term growth as it capitalizes on the potential of middle-market businesses (both domestic and international) as well as enhances traditional core packages and specialty products. Investments in various strategic initiatives bode well for growth. It focuses on cyber insurance, which has immense room for growth. This Zacks Rank #3 insurer has increased dividends for 31 straight years. The Zacks Consensus Estimate for CB's 2026 earnings suggests 19.4% year-over-year growth. The expected long-term earnings growth rate is 3.7%. The consensus estimate for 2025 and 2026 has moved 1.5% and 0.4% north, respectively, in the past seven days. It delivered a four-quarter average earnings surprise of 11.48%. The expected long-term earnings growth rate is pegged at 4.2%. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV): Free Stock Analysis Report Chubb Limited (CB): Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report The Allstate Corporation (ALL): Free Stock Analysis Report The Progressive Corporation (PGR): Free Stock Analysis Report
