The insurance industry closed the day down 1%. First Acceptance Corporation ( FAC), Hanover Insurance Group Inc ( THG), Genworth Financial Inc ( GNW), and Protective Life ( PL) were all decliners today within the insurance industry with Berkshire Hathaway Inc ( BRK.B) being today's featured insurance loser. Berkshire Hathaway Inc fell 66 cents (-0.9%) to $74.05 on light volume. Throughout the day, 5.2 million shares of Berkshire Hathaway Inc exchanged hands as compared to its average daily volume of 8.2 million shares. Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway Inc has a market cap of $78.3 billion and is part of the financial sector. The company has a P/E ratio of 16.7, above the average insurance industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7. Shares are down 6.7% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Berkshire Hathaway as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.
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