Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day up 1.6%. By the end of trading, Berkshire Hathaway rose $1.52 (1.3%) to $116.42 on average volume. Throughout the day, 3,178,520 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 3,516,200 shares. The stock ranged in a price between $114.71-$116.51 after having opened the day at $115.30 as compared to the previous trading day's close of $114.90. Other companies within the Insurance industry that increased today were:
), up 9.2%,
), up 9.0%,
), up 6.3% and
), up 6.1%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
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 $135.5 billion and is part of the financial sector. The company has a P/E ratio of 16.0, below the S&P 500 P/E ratio of 17.7. Shares are up 29.1% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Berkshire Hathaway Ratings Report.
- 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.