In each of Cramer's 12 sectors, "you can almost throw darts and win with a couple of rare exceptions," he wrote in Here Are 12 Sectors to Bet On on the Real Money Web site.
"Remember how everyone got the rates wrong? You would think that would mean the insurers wouldn't be able to make a stand. You would be wrong. Allstate (ALL) , Hartford (HIG) and Chubb (CB) are all incredible," Cramer wrote.
"Again, though, you know its Travelers (TRV) by a nose, mainly a nose that's a Dow stock," he added. "What's behind the move? I think benign pricing, easy comparisons and anything in their investment portfolios that hadn't come back to life sure has now."
The S&P 500 Insurance Industry Group Index, which has risen 5.2% this year compared to the broader S&P 500 Index, is up 12% year to date.
We've listed Cramer's picks alongside the TheStreet Ratings, a proprietary stock rating tool designed to project a stock's total return potential over a 12-month period that includes both price appreciation and dividends. The tool uses 30 major data points and a quantitative approach to rating stocks. TheStreet Ratings' model is both objective and subjective. Objective information it gathers includes a company's past operating revenues and its volatility, financial strength and cash flow. Subjective information folded into the analysis includes expected equities market returns, future interest rates, implied industry outlook and the earnings forecast.
Cramer's analysis and that of TheStreet Ratings may differ, because Cramer may evaluate stocks without regard to a time horizon while TheStreet Ratings uses consensus estimates for the next 12 months. In addition, changes in TheStreet Ratings may lag Jim Cramer's analysis, as consensus estimates may take some time to change meaningfully.
Check out all of Cramer's picks in the insurance sector.
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