4 Stocks Dragging The Insurance Industry Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 15,282 as of Wednesday, July 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,222 issues advancing vs. 1,685 declining with 126 unchanged.

The Insurance industry currently sits down 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Prudential Financial ( PRU), down 1.3%, Allstate ( ALL), down 1.1%, Berkshire Hathaway ( BRK.B), down 0.7% and MetLife ( MET), down 0.6%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Berkshire Hathaway ( BRK.A) is one of the companies pushing the Insurance industry lower today. As of noon trading, Berkshire Hathaway is down $1,321.99 (-0.8%) to $172,419.01 on light volume. Thus far, 117 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 500 shares. The stock has ranged in price between $172,350.00-$173,700.00 after having opened the day at $173,700.00 as compared to the previous trading day's close of $173,741.00.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $153.7 billion and is part of the financial sector. Shares are up 28.7% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Berkshire Hathaway Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Your Complete Guide to Living Like Billionaire Warren Buffett

How to Get Rich Using Warren Buffett's Favorite Stock Market Indicators

How to Make Your Life Successful Just Like Billionaire Warren Buffett

How to Live Just Like Billionaire Warren Buffett

How to Make a Deal Like Billionaire Investor Warren Buffett