The insurance industry closed the day up 3.6%. American Independence Corporation ( AMIC) and China Life Insurance ( LFC) were all decliners today within the insurance industry with Donegal Group Inc ( DGICA) being today's featured insurance loser. Donegal Group Inc fell 7 cents (-0.6%) to $12.58 on average volume. Throughout the day, 19,089 shares of Donegal Group Inc exchanged hands as compared to its average daily volume of 23,600 shares. Donegal Group Inc., through its subsidiaries, offers personal and commercial lines of property and casualty insurance to businesses and individuals in the United States. Donegal Group Inc has a market cap of $324.5 million and is part of the financial sector. The company has a P/E ratio of 30.2, below the average insurance industry P/E ratio of 32.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 12.6% year to date as of the close of trading on Monday. TheStreet Ratings rates Donegal 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 deteriorating net income, disappointing return on equity and 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).