Top Insurance Stocks To Invest In 2023


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Puppy eyes only work for so long.

While 13 million American households welcomed a new pet between March and December 2020 and U.S. pet industry sales grew 10% to top $100 billion for the first time in 2020, market data is starting to suggest the dog days of the pandemic pet craze may be over. And pet companies could soon find themselves on a much shorter leash as a result.

Taking a Bite Out of Margins

Less than two-thirds of the way through the year, VC-backed pet companies have already raised over $1.1 billion in 2021, the most of any year in history. But the pandemic-era boom in pet services hasn’t necessarily translated to better margins in the industry, and figures suggest the pet craze may be on its last legs:


In June, New York City Animal Care Centers saw 1,393 animals brought in, more than double the number in February. The Humane Society of Dallas County’s intake is now twice as high as before the pandemic.While shares for pet insurance provider Trupanion have climbed 250% since the pandemic started and revenue rose to $168 million in the second quarter from $92 million in the same period in 2019, the company was actually $9 million in the red as insurance invoices beat out revenue growth.

Dog Bites Financial Plan: Cuddly as their merchandise may be, investors haven’t always found a soft landing with pet companies. The poster child of the dot-com bubble was arguably Pets.com, which was liquidated after imploding in 2000. More recently, SoftBank took a major loss on a writedown of its $300 million investment in struggling dog-walking app Wag in 2019.

Top Insurance Stocks To Invest In 2023: Clearside BioMedical, Inc. (CLSD)


We are a late-stage clinical biopharmaceutical company developing first-in-class drug therapies to treat blinding diseases of the eye. Our current product candidates focus on diseases affecting the retina, which is the tissue that lines the inside of the eye and is primarily responsible for vision, and the choroid, especially diseases associated with macular edema, and are injected into the suprachoroidal space, or SCS, adjacent to the choroid, which is the layer adjacent to the retina that supplies the retina with blood, oxygen and nourishment. With our proprietary microinjector, drugs are injected into and spread within and through the suprachoroidal space, or SCS, which is the space located between the choroid and the outer protective layer of the eye known as the sclera.   Advisors’ Opinion:

  • [By Shane Hupp]

    Mirati Therapeutics (NASDAQ:MRTX) and Clearside Biomedical (NASDAQ:CLSD) are both medical companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, institutional ownership, earnings, analyst recommendations, risk, profitability and valuation.

  • [By Ethan Ryder]

    Shares of Clearside Biomedical Inc (NASDAQ:CLSD) have earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.40.

  • [By Max Byerly]

    Clearside Biomedical (NASDAQ:CLSD) is scheduled to release its earnings data before the market opens on Wednesday, August 8th. Analysts expect Clearside Biomedical to post earnings of ($0.57) per share for the quarter.

  • [By Shane Hupp]

    MetLife Investment Advisors LLC purchased a new position in shares of Clearside Biomedical Inc (NASDAQ:CLSD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,859 shares of the company’s stock, valued at approximately $117,000.

Top Insurance Stocks To Invest In 2023: Sirius XM Radio Inc.(SIRI)


Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. It broadcasts a programming lineup of approximately 135 channels of commercial-free music, sports, news and information, talk and entertainment, traffic, and weather on subscription fee basis through two satellite radio systems in the United States; and holds an interest in the satellite radio services offered in Canada. The company also simulcasts music and selected non-music channels over the Internet; and offers applications to allow consumers to access its Internet services on mobile devices. As of December 31, 2010, it had 20,190,964 subscribers. In addition, the company designs, establishes specifications, sources or specifies parts and components, and manages various aspects of the logistics and production of satellite radios; licenses its technology to various electronics manufacturers to develop, manufacture, and distribute radios under various brands; and imports radios distri buted through its Websites. The company?s satellite radios are primarily distributed through automakers, retailers, and its Websites. Further, it provides music services for commercial establishments; a satellite television service to offer music channels as part of certain programming packages on the DISH Network satellite television service; music and comedy channels to mobile phone users through mobile phone carriers; Backseat TV, a service offering television content designed primarily for children in the backseat of vehicles; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings; and real-time traffic and weather services. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.


Advisors’ Opinion:

  • [By Sean Williams]

    Another no-brainer acquisition that would make sense for Buffett and Berkshire Hathaway is satellite radio operator Sirius XM Holdings (NASDAQ:SIRI). It’s worth pointing out that Berkshire Hathaway already owns 137.92 million shares of Sirius XM, or about 2.9% of all outstanding shares. 

  • [By Joe Tenebruso]

    Sirius XM Holdings (NASDAQ:SIRI) and Netflix (NASDAQ:NFLX) dominate their respective corners of the entertainment industry. As they’ve risen to power over the last decade, they’ve earned fortunes for investors along the way.

Top Insurance Stocks To Invest In 2023: Huntington Ingalls Industries, Inc.(HII)


Huntington Ingalls Industries, Inc. (HII), incorporated on August 4, 2010, designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary, which is organized into two segments: Ingalls Shipbuilding (Ingalls), which includes non-nuclear ship design, construction, repair and maintenance businesses, and Newport News Shipbuilding (Newport News), which includes the nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Company provides refueling and complex overhaul services for nuclear-powered aircraft carriers. It is also a full-service systems provider for the design, engineering, construction and life cycle support of programs for surface ships, and a provider of fleet support and maintenance services for the United States Navy. The Company conducts all of its business with the United States Government, principally the Department of Defense (DoD). The Company provides a range of services to the energy, and oil and gas industries, as well as government customers.


Ingalls Shipbuilding

The Company, through its Ingalls segment, designs and constructs non-nuclear ships for the United States Navy and the United States Coast Guard, including amphibious assault ships, surface combatants, and NSCs. The Company supplies amphibious assault ships to the United States Navy and has built approximately 30 of the 62 DDG51 Arleigh Burke-class of Aegis guided missile destroyers in active service. It also builds the multi-mission NSCs for the United States Coast Guard. Its Ingalls shipbuilding site is located in Pascagoula, Mississippi. This shipyard offers a collection of manufacturing capabilities that include an approximately 660 ton gantry crane and a land-based test facility.


The Company supplies to the United States Navy of amphibious assault and expeditionary warfare ships, which include the United States Navy large deck amphibious ships (LHA) and amphibious transport dock ships (LPD). The LHA is a component of the United States Navy-Marine Corps requirement for approximately 10 Expeditionary Strike Groups/Amphibious Readiness Groups, and designs construction and modernization of LHAs core to its Ingalls operations. In addition, the Company is focused on constructing DDG-113 John Finn and DDG-114 Ralph Johnson.

Newport News Shipbuilding


The Company’s Newport News operations extend from its core business of designing and constructing nuclear-powered ships, such as aircraft carriers and submarines, and the refueling and overhaul and the inactivation of such ships to its secondary businesses that are focused on the construction of heavy manufacturing equipment for commercial nuclear power facilities and the operation, management and cleanup of environmental hazard sites through Department of Energy (DoE) programs. The Company’s Newport News shipyard is located on approximately 550 acres near the James River, which adjoins the Chesapeake Bay. The shipyard has approximately two miles of waterfront property and heavy industrial facilities, which include over seven graving docks, a floating dry dock, approximately two outfitting berths, over five outfitting piers, module outfitting facilities and various other workshops. The Company’s Newport News shipyard also has approximately 2,170 foot dry dock and over 1,050 ton gantry crane. Engineering, design and construction of the United States Navy nuclear aircraft carriers are core to Newport News Shipbuilding operations.


The Company is a contractor for nuclear aircraft carrier Refueling and Complex Overhaul (RCOH). RCOH services include propulsion work (refueling of reactors, propulsion plant modernization and propulsion plant repairs) restoration of service life (dry docking, tank and void maintenance; hull, shafting, propellers and rudders; launch and recovery system; piping repairs, and component refurbishment) and modernization (electrical systems, aviation support systems, warfare, interoperability and environmental compliance). The Company provides ongoing maintenance services for the United States Navy aircraft carrier fleet through both RCOH and on-site fleet repair work.


The Company’s fleet support provides life cycle services, including depot maintenance, modernization, repairs, logistics and technical support, and planning yard services for naval and commercial vessels through its AMSEC and Continental Maritime of San Diego, Inc. (CMSD) subsidiaries. The Company has ship repair facilities in Newport News, Virginia, and San Diego, California. AMSEC provides naval architecture and marine engineering, ship system assessments, maintenance engineering and logistics services to the United States Navy and commercial maritime industry from around 27 locations around the world. Through CMSD, a master ship repair contractor, the Company provides ship repair, regular overhaul and selected restricted availability services for the United States Navy. It also performs emergent repair for the United States Navy on several classes of ships.


The Company, through its subsidiary, Stoller Newport News Nuclear, Inc. (SN3), provides technical, environmental, ecological, waste management, remediation and consultation services to private sector companies and the DoE. Newport News Industrial Corporation (NNI) provides a range of support services to commercial nuclear power plants, including support for nuclear energy facilities, as well as for fossil power plants and other industrial facilities. NNI offers fabrication services, construction services, equipment services, technical services and product sales to its customers, which include both private industry and government entities, such as the DoE and the DoD.


The Company competes with General Dynamics Corporation.

Advisors’ Opinion:

  • [By Lou Whiteman]

    The bull case for shipbuilder Huntington Ingalls (NYSE:HII) is centered in no small part on the company’s place as the sole builder and maintainer of the nation’s fleet of nuclear-powered aircraft carriers. A reported shift in Navy thinking over the need for a massive carrier fleet could challenge Huntington’s growth expectations, though it’s too soon for investors to react to the speculation.

  • [By David Zeiler]

    And the best stock to buy to profit from this massive investment is the nation’s No. 1 builder of U.S. Navy vessels – Huntington Ingalls Industries Inc. (NYSE: HII). Not surprisingly, this premier defense stock also sports a perfect Money Morning Stock VQScore™ of 4.75.

  • [By Lou Whiteman]

    While no one is suggesting the spigot could be turned off on the Pentagon, the amount of funding the department receives will determine how quickly it moves to refresh its warfighting capabilities. A tight budget could materially impact the revenue outlook for Huntington Ingalls (NYSE:HII), for example, if it means slowing the pace of adding to the Navy fleet, or Lockheed Martin (NYSE:LMT) if the Air Force must stagger its future orders of new warplanes.

  • [By Rich Smith]

    Military shipbuilder Huntington Ingalls (NYSE:HII) beat its earnings estimates for the fourth quarter of 2018. In the report delivered earlier this month, it revealed that sales increased  10% year over year for both the quarter and the year as a whole. Profits more than tripled for the quarter, and were up a lower, but still staggering, 82.5% for the year — to $19.09 per diluted share.

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