Today's Stocks Driving Success For The Insurance Industry

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Insurance industry currently sits down 0.58 versus the S&P 500, which is down 0.89. Top gainers within the industry include Aegon ( AEG), up 2.9%, and Sun Life Financial ( SLF), up 1.4%. A company within the industry that fell today was Erie Indemnity Company ( ERIE), up 4.99.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Manulife Financial Corporation ( MFC) is one of the companies pushing the Insurance industry higher today. As of noon trading, Manulife Financial Corporation is up $0.28 (1.77) to $15.87 on average volume Thus far, 1.1 million shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $15.46-$15.87 after having opened the day at $15.48 as compared to the previous trading day's close of $15.59.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. Manulife Financial Corporation has a market cap of $28.3 billion and is part of the financial sector. The company has a P/E ratio of 29.7, above the S&P 500 P/E ratio of 17.7. Shares are up 14.7% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and 3 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 revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Manulife Financial Corporation Ratings Report now.

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