Seeking Safety and Growth? These Insurance Stocks Deliver Both

Insurance sector offers stability and growth potential for investors seeking lower volatility.

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Warren Buffett touts benefits of insurance companies - essential products and investment income.

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Property & casualty (P&C) insurance has posted returns comparable to S&P 500 over 20 years.

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Oppenheimer analyst Michael Phillips highlights two compelling P&C insurance stocks.

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Small-cap Florida insurer HCI Group (HCI) exceeded Q3 estimates and has gained 100%+ this year.

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Phillips sees underappreciated growth prospects for HCI, sets $100 price target (23% upside).

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Selective Insurance (SIGI) is a larger super-regional insurer with 17% increase in net premiums written in Q3.

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Phillips believes Selective is on track for sustainable profits and organic growth. His price target indicates 18% upside.

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Selective also pays a steady dividend, currently yielding 1.6%.

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