3 Stocks Pushing The Insurance Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Insurance industry currently sits up 0.1% versus the S&P 500, which is up 0.0%. A company within the industry that increased today was Berkshire Hathaway (BRK.B), up 0.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Sun Life Financial (SLF) is one of the companies pushing the Insurance industry higher today. As of noon trading, Sun Life Financial is up $0.21 (0.8%) to $26.97 on average volume Thus far, 246,492 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 367,500 shares. The stock has ranged in price between $26.60-$27.03 after having opened the day at $26.66 as compared to the previous trading day's close of $26.76.

Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $15.6 billion and is part of the financial sector. The company has a P/E ratio of 26.7, above the S&P 500 P/E ratio of 17.7. Shares are up 44.5% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Sun Life Financial a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Sun Life Financial Ratings Report now.

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