BofA Sees Beaten Down Insurance Stocks Primed for Rebound

A brutal stretch for shares of major US insurance companies looks set to end, according to Bank of America Corp., as attractive valuations and a profit rebound may lure back investors.

US insurance stocks have fallen 2.5% in the last three months, a period in which the S&P 500 has rebounded 12%. Warren Buffett’s Berkshire Hathaway Inc. is down 8.6% during that time, while Progressive Corp. has dropped 13%.