Renaissance Re Holdings ( RNR) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.3%. By the end of trading, Renaissance Re Holdings rose 67 cents (0.9%) to $78.06 on average volume. Throughout the day, 332,540 shares of Renaissance Re Holdings exchanged hands as compared to its average daily volume of 305,100 shares. The stock ranged in a price between $77.13-$78.13 after having opened the day at $77.39 as compared to the previous trading day's close of $77.39. Other companies within the Insurance industry that increased today were: Imperial Holdings ( IFT), up 29.8%, Life Partners Holdings ( LPHI), up 7.5%, 21st Century Holding Company ( TCHC), up 6.5%, and Kingstone Companies ( KINS), up 4%. RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. Renaissance Re Holdings has a market cap of $3.99 billion and is part of the financial sector. Currently there are five analysts that rate Renaissance Re Holdings a buy, one analyst rates it a sell, and six rate it a hold. TheStreet Ratings rates Renaissance Re Holdings 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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).