Allstate

(

ALL

) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole was unchanged today. By the end of trading, Allstate rose 23 cents (0.7%) to $34.68 on light volume. Throughout the day, 3.2 million shares of Allstate exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $34.38-$34.93 after having opened the day at $34.52 as compared to the previous trading day's close of $34.45. Other companies within the Insurance industry that increased today were:

Kingsway Financial Services

(

KFS

), up 11.5%,

American Independence Corporation

(

AMIC

), up 4.5%,

Aviva

(

AV

), up 4.2%, and

MGIC Investment Corporation

(

MTG

), up 3.9%.

The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance, life insurance, and retirement and investment products business primarily in the United States. Allstate has a market cap of $16.67 billion and is part of the

financial

sector. The company has a P/E ratio of 16.5, below the average insurance industry P/E ratio of 16.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 24% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Allstate a buy, one analyst rates it a sell, and nine rate it a hold.

TheStreet Ratings rates Allstate 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, attractive valuation levels, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front,

Crawford & Company

(

CRD.B

), down 4.8%,

Citizens

(

CIA

), down 3.7%,

Phoenix Companies

(

PNX

), down 3.3%, and

SeaBright Holdings

(

SBX

), down 3.3%, were all losers within the insurance industry with

Lincoln National Corp (Radnor

(

LNC

) 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

).

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