LIC, SBI Life, HDFC Life, ICICI Pru, ICICI Lombard: Should you buy, sell or hold these insurance stocks?

Insurance stocks: In a recently released report global brokerage Macquaries noted that it remained cautious on overall insurance space. Here are the revised targets on the insurance stocks by the brokerage: 

SBI Life share price target

Macquarie has upgraded SBI Life stock to outperform from neutral earlier. The brokerage has raised the target to Rs 1,750 per share from Rs 1,600 per share. According to Macquarie, the valuations are reasonable. The global brokerage has upgraded SBI life because the counter remains less affected by IRDA Regulations changes. Macquaries expects SBI Life to deliver sector-leading VNB growth of 15 per cent.

LIC share price target

Macquarie has maintained a neutral rating on Life Insurance Corporation (LIC) with a raised target of Rs 975 apiece from Rs 850 apiece. "Fair value arrived after giving a 30% PSU discount," said the brokerage in its report.

ICICI Lombard share price target

Macquarie has maintained an underperform on ICICI Lombard General Insurance with a revised target of Rs 1,260 per unit, a raise of Rs 160 per share.  

ICICI Pru Life share price target

The brokerage has maintained a neutral rating on ICICI Prudential Life Insurance. The brokerage has raised the target to Rs 580 per share from Rs 520 per share earlier. 

HDFC Life share price target

Macquarie has kept a neutral call on HDFC Life Insurance. The brokerage has trimmed its targets on the stock to Rs 560 per share from Rs 610 per share earlier. The brokerage highlighted the following points:

• VNB Multiple cut to 14X from 20X earlier
• Lower growth visibility, partly offset by roll forward to FY26F

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