3 Top Insurance Stocks to Buy in October
Insurance stocks are intriguing but often overlooked investments. These companies offer stable income and growth potential. Not only that, but their ability to weather economic downturns and protect against the erosive effect of inflation can make them an excellent addition to your portfolio.
Three insurance stocks to buy this month are Aflac (NYSE: AFL), Kinsale Capital (NYSE: KNSL), and Goosehead Insurance (NASDAQ: GSHD). These three companies provide exposure to different aspects of the industry and offer consistency and stellar growth potential. Here's why.
The pandemic sent shockwaves through the economy. Life insurers experienced a surge in pandemic-related claims, resulting in unprecedented payouts that put pressure on their bottom lines.
Source Fool.com
Aflac Inc. Stock
Currently there is a rather positive sentiment for Aflac Inc. with 5 Buy predictions and 1 Sell predictions.
With a target price of 79 € there is a slightly positive potential of 1.23% for Aflac Inc. compared to the current price of 78.04 €.
