Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Assurant fell $1.09 (-2.3%) to $46.60 on average volume. Throughout the day, 961,833 shares of Assurant exchanged hands as compared to its average daily volume of 939,100 shares. The stock ranged in price between $45.03-$46.71 after having opened the day at $45.03 as compared to the previous trading day's close of $47.69. Other companies within the Insurance industry that declined today were:
), down 4.3%,
), down 4.1%,
), down 3.0% and
), down 2.7%.
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Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America and internationally. Assurant has a market cap of $3.7 billion and is part of the financial sector. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7. Shares are up 36.3% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Assurant as a
. 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Assurant Ratings Report.
On the positive front,
), down 7.4%,
First Acceptance Corporation
), down 4.9%,
), down 4.5% and
), down 4.5% , were all gainers within the insurance industry with
) being today's featured insurance industry leader.
- Use our insurance section to find industry-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 insurance industry could consider
) while those bearish on the insurance industry could consider
- Find other investment ideas from our top rated ETFs lists.
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