Life Insurance Stocks Hit New 52-Week Highs

On apparent hope that “cooling inflation” may mean lower interest rates and sooner rather than later, these life insurance stocks last week rocketed to new 2023 highs. They were clearly outperforming weakness in the big-name tech stocks that had been grabbing the investment news headlines.

Generally thought of as unexciting value stocks, these dividend-paying, low price-earnings ratio names fail to get the blood pumping in growth-crazed investment analyst circles. Despite the lack of flair, the life insurance sector continues to find enough buyers to keep showing up on the “new highs” list.