American International Group ( AIG) pushed the Insurance industry lower today making it today's featured Insurance loser. The industry as a whole closed the day down 0.9%. By the end of trading, American International Group fell 62 cents (-1.8%) to $34.14 on average volume. Throughout the day, 12.3 million shares of American International Group exchanged hands as compared to its average daily volume of 12.4 million shares. The stock ranged in price between $34-$35.05 after having opened the day at $35.04 as compared to the previous trading day's close of $34.76. Other company's within the Insurance industry that declined today were: Prudential Financial ( PRU), down 10.1%, Phoenix Companies ( PNX), down 9%, Radian Group ( RDN), down 7.6%, and Life Partners Holdings ( LPHI), down 6.5%. American International Group, Inc. engages in the provision of insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. American International Group has a market cap of $61.59 billion and is part of the financial sector. The company has a P/E ratio of four, above the average insurance industry P/E ratio of 3.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 49.8% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate American International Group a buy, no analysts rate it a sell, and nine rate it a hold. TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share 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).