Manulife Financial Corporation (MFC): Today's Featured Insurance Loser

Manulife Financial Corporation ( MFC) pushed the Insurance industry lower today making it today's featured Insurance loser. The industry as a whole closed the day up 0.4%. By the end of trading, Manulife Financial Corporation fell 25 cents (-2%) to $12.44 on average volume. Throughout the day, 3.1 million shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in price between $12.28-$12.65 after having opened the day at $12.65 as compared to the previous trading day's close of $12.69. Other company's within the Insurance industry that declined today were: Kingsway Financial Services ( KFS), down 6.3%, ING Groep N.V ( ING), down 5%, Crawford & Company ( CRD.B), down 3.8%, and Life Partners Holdings ( LPHI), down 3.3%.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individuals and group customers primarily in Asia, Canada, and the United States. Manulife Financial Corporation has a market cap of $22.95 billion and is part of the financial sector. The company has a P/E ratio of 90.7, below the average insurance industry P/E ratio of 646.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 19.5% year to date as of the close of trading on Monday. Currently there are six analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Manulife Financial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself.

On the positive front, United Fire Group ( UFCS), up 7.4%, Kemper ( KMPR), up 6.5%, Kingstone Companies ( KINS), up 5.9%, and Citizens ( CIA), up 5.8%, were all gainers within the insurance industry with XL Group ( XL) being today's featured insurance industry winner.

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).

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