Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.5%. By the end of trading, MBIA fell $0.45 (-4.4%) to $9.85 on average volume. Throughout the day, 3,666,975 shares of MBIA exchanged hands as compared to its average daily volume of 4,300,300 shares. The stock ranged in price between $9.76-$10.08 after having opened the day at $10.08 as compared to the previous trading day's close of $10.30. Other companies within the Insurance industry that declined today were:
First Acceptance Corporation
), down 8.6%,
), down 4.3%,
), down 3.4% and
), down 3.3%.
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MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. MBIA has a market cap of $2.1 billion and is part of the financial sector. The company has a P/E ratio of 1.7, below the S&P 500 P/E ratio of 17.7. Shares are up 31.2% year to date as of the close of trading on Friday.
TheStreet Ratings rates MBIA as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
- You can view the full MBIA Ratings Report.
On the positive front,
), down 5.2%,
), down 4.2%,
), down 4.0% and
), down 4.0% , were all gainers within the insurance industry with
) being today's featured insurance industry leader.
- 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.
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