Berkshire Hathaway Inc (BRK.B): Today's Featured Insurance Laggard

Berkshire Hathaway (BRK.B) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Berkshire Hathaway fell 55 cents (-0.7%) to $84.07 on average volume. Throughout the day, 3.9 million shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 4.2 million shares. The stock ranged in price between $83.23-$84.47 after having opened the day at $84.02 as compared to the previous trading day's close of $84.62. Other company's within the Insurance industry that declined today were: MGIC Investment Corporation (MTG), down 64.1%, Radian Group (RDN), down 14.1%, Genworth Financial (GNW), down 8%, and Tower Group (TWGP), down 5.6%.

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Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $91.66 billion and is part of the financial sector. The company has a P/E ratio of 17.5, above the average insurance industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

• You can view the full Berkshire Hathaway Ratings Report.

On the positive front, Lincoln National Corp (Radnor (LNC), up 7.6%, Homeowners Choice (HCII), up 6.4%, Kingstone Companies (KINS), up 5.9%, and Safety Insurance Group (SAFT), up 5.6%, were all gainers within the insurance industry with Prudential Financial (PRU) being today's featured insurance industry leader.

• Use our insurance section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF (KIE) while those bearish on the insurance industry could consider Proshares Short Financials (SEF).

• Find other investment ideas from our top rated ETFs lists.

For more information on Berkshire Hathaway Inc click any of the following:

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