The insurance industry closed the day down 2.8%. First Acceptance Corporation ( FAC), Baldwin & Lyons Inc ( BWINA), 21st Century Holding Company ( TCHC), and Homeowners Choice Inc ( HCII) were all winners today within the insurance industry with FBL Financial Group Inc ( FFG) being today's featured insurance winner. FBL Financial Group Inc rose 35 cents (1.2%) to $28.79 on heavy volume. Throughout the day, 208,758 shares of FBL Financial Group Inc exchanged hands as compared to its average daily volume of 73,000 shares. FBL Financial Group, Inc., through its subsidiaries, sells individual life insurance and annuity products in the United States. FBL Financial Group Inc has a market cap of $831.4 million and is part of the financial sector. The company has a P/E ratio of 6.7, above the average insurance industry P/E ratio of six and below the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Thursday. TheStreet Ratings rates FBL Financial Group as a buy. 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, solid stock price performance, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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).