3 Stocks Pushing The Insurance Industry Higher
1. As of noon trading, Berkshire Hathaway ( BRK.A) is up $731.00 (0.6%) to $130,934.00 on light volume Thus far, 204 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 600 shares. The stock has ranged in price between $130,170.00-$130,998.50 after having opened the day at $130,300.00 as compared to the previous trading day's close of $130,203.00. 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 $119.5 billion and is part of the financial sector. The company has a P/E ratio of 1940.3, above the S&P 500 P/E ratio of 17.7. Shares are up 13.3% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Berkshire Hathaway Ratings Report now. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade If you are interested in one of these 3 stocks, 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). A reminder about TheStreet Ratings group: 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.
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