ACE

(

ACE

) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.1%. By the end of trading, ACE rose 36 cents (0.6%) to $64.93 on light volume. Throughout the day, 1.1 million shares of ACE exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $64.09-$65.35 after having opened the day at $64.16 as compared to the previous trading day's close of $64.57. Other companies within the Insurance industry that increased today were:

MGIC Investment Corporation

(

MTG

), up 7.5%,

American Independence Corporation

(

AMIC

), up 6.3%,

Phoenix Companies Inc

(

PNX

), up 4.4%, and

Arch Capital Group

(

ACGL

), up 3.9%.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company operates in four segments: Insurance North American, Insurance Overseas General, Global Reinsurance, and Life. ACE has a market cap of $21.75 billion and is part of the

financial

sector. The company has a P/E ratio of 12, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates ACE as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Baldwin & Lyons Inc

(

BWINA

), down 7.9%,

Crawford & Company

(

CRD.B

), down 5.2%,

EMC Insurance Group

(

EMCI

), down 4.1%, and

Presidential Life

(

PLFE

), down 3.8%, were all losers within the insurance industry with

Prudential Financial Inc

(

PRU

) being today's insurance industry loser.

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

).

null