) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day up 0.6%. By the end of trading, Berkshire Hathaway rose 86 cents (1.1%) to $81.33 on average volume. Throughout the day, 3.3 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 $80.46-$81.77 after having opened the day at $80.72 as compared to the previous trading day's close of $80.47. Other companies within the Insurance industry that increased today were:
), up 5.7%,
), up 3.9%,
), up 3.8%, and
), up 3.5%.
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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 $88.45 billion and is part of the
sector. The company has a P/E ratio of 16.9, above the average insurance industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Monday.
TheStreet Ratings rates Berkshire Hathaway as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Berkshire Hathaway Ratings Report.
On the negative front,
), down 5.9%,
First Acceptance Corporation
), down 5.4%,
), down 3%, and
), down 2.9%, were all losers within the insurance industry with
) being today's insurance industry loser.
- 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.