This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Sick Insurance Stocks to Sell Now

NEW YORK ( TheStreet) -- The financial sector has lagged the market considerably since the market perked up this fall. Since Sept. 1, the broader stock market is up about 12% even after recent declines, while the financial sector has tacked on about half that. The laggards do not just include massive banks like Citigroup (C) and Bank of America (BAC) -- but also financial services companies including insurance companies and insurers.

Perhaps you've already trimmed some financial positions from your portfolio due to the recent weakness in the major banks -- but don't overlook some of the major insurance stocks that continue to suck wind like their retail banking brethren.

Here are six of my top offenders in the insurance industry, which you should cut from your portfolio ASAP if you own them:

Manulife Financial (MFC - Get Report)

Manulife Financial is a financial services company that works with customers in 22 countries. Since January, MFC stock has dropped 19.7%, compared with respective gains of 7.5% and 7.3% for the S&P 500 and Dow Jones. Additionally, MFC has missed earnings estimates for the past two quarters and most recently reported a net profit margin of 19.9% in its last income statement. Currently trading at $14.73, MFC is trading well below its 52-week high of $20.79.



1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ALL $70.95 0.00%
AV $16.15 0.00%
HIG $41.84 0.00%
LFC $73.35 0.00%
MFC $18.43 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs