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American International Group Inc (AIG): Today's Featured Insurance Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

American International Group (AIG) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 0.5%. By the end of trading, American International Group fell $0.61 (-1.2%) to $51.50 on light volume. Throughout the day, 6,203,468 shares of American International Group exchanged hands as compared to its average daily volume of 10,038,300 shares. The stock ranged in price between $51.32-$52.10 after having opened the day at $52.07 as compared to the previous trading day's close of $52.11. Other companies within the Insurance industry that declined today were: Life Partners Holdings (LPHI), down 8.0%, FBL Financial Group (FFG), down 5.3%, National Interstate Corporation (NATL), down 3.6% and Citizens (CIA), down 3.3%.

American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. American International Group has a market cap of $76.2 billion and is part of the financial sector. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.1% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate American International Group a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.

On the positive front, First Acceptance Corporation (FAC), up 6.7%, Brown & Brown (BRO), up 2.0%, CNinsure (CISG), up 1.8% and Crawford & Company (CRD.A), up 1.7% , were all gainers within the insurance industry with Fidelity National Financial (FNF) being today's featured insurance industry leader.

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).

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