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 lower today making it today's featured Insurance laggard. The industry as a whole was unchanged today. By the end of trading, Manulife Financial Corporation fell $0.24 (-1.2%) to $19.03 on average volume. Throughout the day, 1,585,840 shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 2,092,500 shares. The stock ranged in price between $19.01-$19.42 after having opened the day at $19.30 as compared to the previous trading day's close of $19.27. Other companies within the Insurance industry that declined today were:
), down 6.1%,
), down 3.2%,
), down 3.1% and
), down 2.8%.
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Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. The company operates through Asia, Canadian, and U.S. Manulife Financial Corporation has a market cap of $35.7 billion and is part of the financial sector. Shares are down 2.3% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Manulife Financial Corporation
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, expanding profit margins, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Manulife Financial Corporation Ratings Report.
On the positive front,
), up 4.3%,
), up 3.7%,
), up 1.8% and
), up 1.7% , were all gainers within the insurance industry with
) being today's featured insurance industry leader.
- Use our insurance section to find industry-relevant news.
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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.