Page 4 - Insurance Stocks

SBI Life dips 4% as Canada Pension Plan offloads partial stake

At 09:15 am, around 23.4 million equity shares, representing 2.34 per cent equity of SBI Life Insurance Company, changed hands via block deals on the BSE

ICICI Pru Life market cap crosses Rs 1-trillion as stock hits new high

ICICI Pru became the third insurance company to cross Rs 1 trillion market cap after HDFC Life and SBI Life.

Osho Krishan of Anand Rathi is bullish on these two insurance players

SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally

Insurance sector attracts 40% of FPI flows worth $2.35 bn in June

Insurance isn't a big sector in terms of weight, accounting for just 2.5% of FPI corpus. In comparison, nearly a third of FPI investments in the country are in banking and financial sector

Covid second wave: Insurance stocks may provide cover in a falling market

All the three insurance stocks are successfully holding the support of 200-DMA and may see upside of over 5 per cent in the near-term

GIC Re hits 52-week high, zooms 62% in a month on privatisation buzz

GIC Re is the largest reinsurer in the domestic reinsurance market in India and leads most of the domestic companies' treaty programmes and facultative placements

New India Assurance, GIC Re hit 20% upper circuit on privatization buzz

As on December 31, 2020, the government held 85.78 per cent stake in GIC RE, and 85.44 per cent holding in the New India Assurance Company.

SBI Life, HDFC Life: Insurance cos eyeing reforms, stay invested: Analysts

While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option

Life insurers play tax-free interest arbitrage game to rev up business

While most insurance schemes aren't tax-free anymore, assured return products are among the few exceptions

SBI Life rises 3% after Motilal Oswal initiates coverage with 'Buy' rating

The brokerage expects the company to maintain its cost leadership with GWP remaining at nearly 10 per cent over FY23E.

ICICI Lombard to acquire Bharti Axa General Insurance; stock slips over 1%

ICICI Lombard said Bharti AXA's existing distribution partnerships should help it increase its distribution strength.

Insurance stks gain; HDFC Life adds 5% on Nifty50 inclusion, SBI Life up 2%

HDFC Life Insurance Company will replace Anil Agarwal-controlled Vedanta in the benchmark index with effect from July 31.

ICICI Lombard, HDFC Life: What do charts indicate for insurance stocks?

Major stocks are facing resistance at a 100-day moving average (DMA).

Life Insurance stks in focus; ICICI Prudential Life, SBI Life gain up to 7%

Analysts remain certain that demand for pure protection is tend to rise, with individual customers getting more educated toward the risk that such insurance covers

HDFC Life, SBI Life: Has Chris Wood made a wrong investment call?

The recent Budget 2020 proposals came like a bolt from the blue for the life insurance firms. A knee-jerk reaction saw stocks of private life insurers plunge 6-13 per cent at the bourses on Saturday.

Budget 2020: Insurers, mutual funds fear impact from tax code nudge

Investors will have to forego tax benefits on several products if they switch to new regime

FPIs bullish on insurance stocks; holding touches new high in Sep quarter

So far this calendar year, FPIs' stakes in SBI Life, Insurance ICICI Lombard and HDFC Life have risen by 18.85, 8.62 and 7.71 percentage points, respectively, since the December 2018 quarter

Insurance companies gain, HDFC Life, ICICI Lombard, SBI Life hit new high

Hindustan Unilever (HUL), Nestle India, Bata India, Berger Paints, Info Edge (India), Manappuram Finance, Siemens, Voltas and Whirlpool of India, too, hit new highs today.

Insurance stocks trade weak on fears of higher tax

HDFC Standard Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance and Max Financial Services were down in the range of 3% to 5% on the BSE

Insurance stocks become fund managers' favourites

Insurance companies stocks are emerging as one of the favorites for domestic mutual fund managers. Until last year, the insurance sector had little or no representation in the stock market. However, a slew of big-ticket listings have caught the fancy of money managers, who are constantly on the lookout to expand their stock universe thanks to the gush of inflows.This can be gauged from the fact that three insurers - ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance and SBI Life Insurance - put together have consumed over Rs 6,000 crore of mutual fund equity assets. Further, HDFC Standard Life Insurance, which listed last week, saw investments from ICICI Prudential AMC, Reliance Nippon MF, Sundaram MF and Axis MF, among others.Not just the IPO, but mutual funds have been seeing lapping up shares of these companies from the secondary market as well. For instance, in October, equity MFs over Rs 1,000 crore in ICICI Lombard and SBI Life.Mahesh Patil, co-chief ...