Insurance Stocks Keep Getting Hammered

Aflac market cap has fallen $13 billion since February 3, 2020. Aflac stock was trading at $52.01 at the close on February 3. Today, March 12, 2020, Aflac stock closed at $32.39 per share, with a market cap of $26.69 billion. YTD, Aflac stock is down 41.11%.

Prudential, known as a piece of the rock, has seen its stock drop 51.17% YTD. Their stock closed at $91.50 on February 3, 2020, and closed today at $47.64 with a market cap of $23.01 billion.

Unum has seen its stock drop 54.22% YTD. Unum stock closed on February 3, 2020, at $27.03 and closed today at $14.55 and a market cap of $3.55 billion.

Lincoln National Corp has seen its stock drop 60.89% YTD. On February 3, 2020, LNC stock closed at $54.32 and closed today at $24.14 and a market cap of $6.23 billion.

Met Life has seen its stock drop from $49.69 at the close of trading on February 3, 2020, to closing today at $29.02 and a market cap of $30.50 billion. Met Life stock is down 45.18% YTD.

Hartford Financial has seen its stock drop from $60.14 at the close of trading on February 3, 2020, and closed today at $41.15 and a market cap of $16.17 billion. Hartford stock is down 34.08% YTD.

Allstate has seen its stock drop from $119.05 at the close of trading on February 3, 2020, to $86.08 at the end of trading today. Allstate stock is down YTD 25.72%.

Voya Financial has seen its stock drop from $60.40 at the close of trading on February 3, 2020, to $40.56 at the end of trading today with a market cap of $5.37 billion.

Global Brokers stock has also struggled year-to-date.

Marsh & McLennan, the world’s largest broker, is down 16.99% YTD after closing today at $95.27. Marsh & McLennan has a market cap of $49.86 billion at the end of trading today.

Aon, who announced it was acquiring Willis Tower Watson, closed at the end of trading today at $174.67, down 16.90% YTD. Aon has a market cap of $42.84 billion.

Willis Towers Watson closed at $175.00 today, down almost 15% YTD. WTW has a market cap of $24.23 billion at the close of trading today.

Arthur J. Gallagher closed today at $87.20, down 8.70% YTD. Gallagher has a market cap of $17.88 billion.

Brown & Brown closed today at $37.99, down 4.1% YTD. Brown & Brown has a market cap of 11.71%.

Author: jhyman@jeffhyman.net

Jeff Hyman is a recognized and respected insurance executive with a proven track record of developing and leading the execution of business plans and sales strategies that delivers growth and bottom line results through strategic thinking, innovative problem-solving, and customized solutions.

Leave a Reply

Your email address will not be published. Required fields are marked *