Berkshire Hathaway

(

BRK.B

) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.8%. By the end of trading, Berkshire Hathaway rose 57 cents (0.7%) to $79.82 on light volume. Throughout the day, 2.9 million shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in a price between $79.25-$79.94 after having opened the day at $79.73 as compared to the previous trading day's close of $79.25. Other companies within the Financial sector that increased today were:

BancTrust Financial Group

(

BTFG

), up 56.8%,

Millennium India Acquisition Corporation

(

SMCG

), up 17.9%,

Crescent Financial

(

CRFN

), up 14.7%, and

Mid Penn Bancorp

(

MPB

), up 13.7%.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $85.62 billion and is part of the

insurance

industry. The company has a P/E ratio of 16.4, above the average insurance industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Berkshire Hathaway as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

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