3 Stocks Dragging The Insurance Industry Downward
1. As of noon trading, Aflac ( AFL) is down $0.42 (-0.7%) to $61.49 on light volume. Thus far, 534,857 shares of Aflac exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $61.24-$62.03 after having opened the day at $61.80 as compared to the previous trading day's close of $61.91. Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. Aflac has a market cap of $28.5 billion and is part of the financial sector. Shares are up 16.5% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Aflac a buy, no analysts rate it a sell, and 10 rate it a hold. TheStreet Ratings rates Aflac as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Aflac Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. 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).
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