The insurance industry closed the day up 1.6%. Platinum Underwriters Holdings ( PTP), Imperial Holdings Inc ( IFT), National Security Group ( NSEC), and 21st Century Holding Company ( TCHC) were all decliners today within the insurance industry with Radian Group Inc ( RDN) being today's featured insurance loser. Radian Group Inc fell 16 cents (-6.3%) to $2.39 on average volume. Throughout the day, 5.4 million shares of Radian Group Inc exchanged hands as compared to its average daily volume of 5.5 million shares. Radian Group Inc., through its subsidiaries, provides credit-related insurance coverage and financial services in the United States and internationally. The company operates in two segments, Mortgage Insurance and Financial Guaranty. Radian Group Inc has a market cap of $321 million and is part of the financial sector. Shares are down 68.4% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Radian Group as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
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).