Insurance ETFs to Play Hartford's Earnings With
The ETF Professor doesn't just watch ETFs, he watches stocks as well and noticed Hartford Financial (NYSE: HIG) reported some stellar third-quarter results after the bell today.
Hartford lost $220 million, or 79 cents per share, in the latest period. Core earnings, which exclude certain investment gains and losses, totaled $660 million, or $1.56 per share. Analysts were expecting a core profit of $1.11 a share.
With that, and some other bullish reports out of the insurance sector over the past few weeks, the ETF Professor is recommending two insurance ETFs: The iShares Dow Jones US Insurance Index (NYSE: IAK) and the SPDR KBW Insurance (NYSE: KIE).
Hartford is a top-10 holding in both ETFs and neither ETF focuses on healthcare insurers. The focus is on property and casualty insurers, which are the better ways to play the insurance sector right now.
