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 down 0.2%. By the end of trading, Manulife Financial Corporation rose $0.48 (2.5%) to $19.43 on average volume. Throughout the day, 2,196,083 shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 1,718,300 shares. The stock ranged in a price between $18.94-$19.50 after having opened the day at $19.05 as compared to the previous trading day's close of $18.95. Other companies within the Insurance industry that increased today were:
), up 9.8%,
), up 3.6%,
), up 3.2% and
), up 3.1%.
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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. Manulife Financial Corporation has a market cap of $34.3 billion and is part of the financial sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 39.4% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and 1 rates 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, compelling growth in net income, expanding profit margins and notable return on equity. 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 negative front,
), down 3.8%,
), down 3.7%,
), down 3.4% and
), down 3.1% , were all laggards within the insurance industry with
) being today's insurance industry laggard.
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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.