Positive outlook for life insurance stocks

September 5, 2013 by AP Staff Writer

NEW YORK (AP) – An analyst upgraded some life insurance companies on Wednesday, saying a recent pullback in the stocks provides a good buying opportunity.

Jay Gelb of Barclays boosted MetLife Inc. and Prudential Financial Inc. to “Overweight” from “Equal Weight,” saying both have big U.S. operations that will benefit from rising U.S. interest rates.

Insurers collect premiums from customers and invest that money, and higher interest rates can boost their earnings. Click here to read…

Originally Posted at LifeHealthPro on September 4, 2013 by AP Staff Writer.