The

insurance

industry closed the day up 3.9%.

Crawford & Company

(

CRD.B

),

CNinsure Inc

(

CISG

),

Crawford & Company

(

CRD.A

), and

PMI Group Inc

(

PMI

) were all decliners today within the insurance industry with

Selective Insurance Group

(

SIGI

) being today's featured insurance loser. Selective Insurance Group fell 48 cents (-3.7%) to $13.46 on heavy volume. Throughout the day, 517,655 shares of Selective Insurance Group exchanged hands as compared to its average daily volume of 239,400 shares.

Selective Insurance Group, Inc., together with its subsidiaries, provides property and casualty insurance products in the United States. The company operates in two segments, Insurance Operations and Investments. Selective Insurance Group has a market cap of $726.3 million and is part of the

financial

sector. The company has a P/E ratio of 11.1, below the average insurance industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 28.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Selective Insurance Group as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and poor profit margins.

On the positive front,

Harleysville Group Inc

(

HGIC

),

Affirmative Insurance Holdings Inc

(

AFFM

),

EMC Insurance Group

(

EMCI

), and

Imperial Holdings Inc

(

IFT

) were all gainers within the insurance industry with

Berkshire Hathaway Inc

(

BRK.B

) being today's featured insurance industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider

KBW Insurance ETF

(

KIE

) while those bearish on the insurance industry could consider

Proshares Short Financials

(

SEF

).

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