The insurance industry closed the day up 3%. Kingstone Companies Inc ( KINS), Aegon ( AED), Kingsway Financial Services Inc ( KFS), and Catalyst Health Solutions Inc ( CHSI) were all decliners today within the insurance industry with Homeowners Choice Inc ( HCII) being today's featured insurance loser. Homeowners Choice Inc fell 4 cents (-0.6%) to $6.44 on heavy volume. Throughout the day, 14,501 shares of Homeowners Choice Inc exchanged hands as compared to its average daily volume of 7,700 shares. Homeowners Choice, Inc., through its subsidiaries, operates as a property and casualty insurance holding company. It provides property and casualty homeowners' insurance, condominium-owners' insurance, and tenants' insurance to individuals owning property in Florida. Homeowners Choice Inc has a market cap of $39.4 million and is part of the financial sector. The company has a P/E ratio of 6.8, below the average insurance industry P/E ratio of 6.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 19.8% year to date as of the close of trading on Monday. TheStreet Ratings rates Homeowners Choice as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, disappointing return on equity and poor profit margins.
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).
Shares of Homeowners Choice (Nasdaq:HCII) have taken a tremendous swing upward. The stock is trading at $13.50 as of 12:49 p.m. ET, 21.1% above Thursday's closing price of $11.15. Volume is at 106,349, 7.8 times the daily average of 13,700.