3 Stocks Boosting The Insurance Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 26 points (0.2%) at 15,572 as of Tuesday, July 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 1,285 declining with 117 unchanged.

The Insurance industry currently sits down 0.3% versus the S&P 500, which is down 0.1%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Aegon ( AEG) is one of the companies pushing the Insurance industry higher today. As of noon trading, Aegon is up $0.12 (1.6%) to $7.74 on heavy volume. Thus far, 1.1 million shares of Aegon exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $7.69-$7.78 after having opened the day at $7.77 as compared to the previous trading day's close of $7.62.

Aegon N.V. provides life insurance, pension, and asset management products and services. Aegon has a market cap of $14.3 billion and is part of the financial sector. Shares are up 16.5% year to date as of the close of trading on Monday. Currently there are no analysts that rate Aegon a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Aegon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Aegon Ratings Report now.

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2. As of noon trading, ING Groep N.V ( ING) is up $0.08 (0.8%) to $10.07 on average volume. Thus far, 1.3 million shares of ING Groep N.V exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $10.04-$10.14 after having opened the day at $10.09 as compared to the previous trading day's close of $9.99.

ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services. ING Groep N.V has a market cap of $37.5 billion and is part of the financial sector. Shares are up 5.3% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate ING Groep N.V a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates ING Groep N.V as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. Get the full ING Groep N.V Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, MGIC Investment Corporation ( MTG) is up $0.78 (11.7%) to $7.45 on heavy volume. Thus far, 21.8 million shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $7.15-$7.54 after having opened the day at $7.46 as compared to the previous trading day's close of $6.67.

MGIC Investment Corporation, through its subsidiaries, provides mortgage insurance to lenders and government sponsored entities in the United States. MGIC Investment Corporation has a market cap of $2.3 billion and is part of the financial sector. Shares are up 150.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates MGIC Investment Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates MGIC Investment Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. Get the full MGIC Investment Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 3 stocks, 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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