According to Hargreaves Lansdown, the three most popular stocks on its platform last week were FTSE 100 companies Phoenix Group, Legal & General, and BP.
The two insurers represented 1.65% and 1.53% of all trades last week, while BP represented 1.39%, just tipping Rolls-Royce at 1.25%.
However, instead of providing a run down as to all the stocks investors bought and sold, I thought it would be more useful to take a closer look as to why these two insurers Phoenix Group and Legal & General, topped the list.
Not universally loved
Let’s start by recognising that opinion among analysts is mixed on these stocks.
Last week, Goldman Sachs reiterated its existing ratings for several key players in the UK-listed insurance sector. This included a ‘neutral’ rating for Legal & General, suggesting its current market price likely reflects its fair value and a ‘sell’ rating for Phoenix.
However, the opinion of all…
