ACE Ltd (ACE): Today's Featured Financial 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.
(
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.2%. By the end of trading, ACE fell $2.35 (-2.5%) to $93.23 on average volume. Throughout the day, 2,043,698 shares of ACE exchanged hands as compared to its average daily volume of 1,530,200 shares. The stock ranged in price between $93.09-$95.58 after having opened the day at $95.56 as compared to the previous trading day's close of $95.58. Other companies within the Financial sector that declined today were:
(
), down 11.4%,
(
), down 10.0%,
Village Bank and Trust Financial Corporatio
(
), down 9.1% and
(
), down 6.8%.
ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insured's worldwide. ACE has a market cap of $32.2 billion and is part of the insurance industry. Shares are up 19.8% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate ACE a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
ACE
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full ACE Ratings Report.
On the positive front,
(
), up 21.8%,
(
), up 11.9%,
(
), up 11.1% and
(
), up 10.2% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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