Insurance companies are known to do well in a rising interest rate environment. Although the Fed is widely expected to keep interest rates steady at the next policy meeting in December, central bank officials have indicated more rate hikes could be in the offing.
To that end, it could be wise to buy fundamentally strong insurance stocks Loews Corporation (L), MS&AD Insurance Group Holdings, Inc. (MSADY), and The Hartford Financial Services Group, Inc. (HIG) in November for substantial returns.
