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3 Stocks Pushing The Insurance Industry Lower

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.

The Insurance industry as a whole closed the day down 0.4% versus the S&P 500, which was unchanged. Laggards within the Insurance industry included Donegal Group ( DGICB), down 1.6%, First Acceptance ( FAC), down 2.3%, Global Indemnity ( GBLI), down 2.0%, Citizens ( CIA), down 4.4% and Atlas Financial Holdings ( AFH), down 6.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Atlas Financial Holdings ( AFH) is one of the companies that pushed the Insurance industry lower today. Atlas Financial Holdings was down $1.00 (6.7%) to $14.01 on heavy volume. Throughout the day, 102,758 shares of Atlas Financial Holdings exchanged hands as compared to its average daily volume of 35,200 shares. The stock ranged in price between $13.95-$15.00 after having opened the day at $15.00 as compared to the previous trading day's close of $15.01.

Atlas Financial Holdings, Inc., through its subsidiaries, is engaged in underwriting commercial automobile insurance policies in the United States. The company focuses on the light commercial automobile sector. Atlas Financial Holdings has a market cap of $138.3 million and is part of the financial sector. Shares are up 2.0% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Atlas Financial Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Atlas Financial Holdings as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from TheStreet Ratings analysis on AFH go as follows:

  • The revenue growth came in higher than the industry average of 7.4%. Since the same quarter one year prior, revenues rose by 36.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • AFH has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 264.1% when compared to the same quarter one year prior, rising from $0.60 million to $2.19 million.
  • The gross profit margin for ATLAS FINANCIAL HOLDINGS INC is currently extremely low, coming in at 9.65%. Regardless of AFH's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, AFH's net profit margin of 9.64% compares favorably to the industry average.

You can view the full analysis from the report here: Atlas Financial Holdings Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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