XL Group PLC (XL): Today's Featured Insurance Laggard

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.

XL Group ( XL) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 0.2%. By the end of trading, XL Group fell $0.60 (-1.9%) to $31.41 on average volume. Throughout the day, 3,184,293 shares of XL Group exchanged hands as compared to its average daily volume of 2,260,900 shares. The stock ranged in price between $31.04-$32.06 after having opened the day at $31.76 as compared to the previous trading day's close of $32.01. Other companies within the Insurance industry that declined today were: National Interstate Corporation ( NATL), down 17.7%, Baldwin & Lyons ( BWINB), down 3.6%, Independence Holding Company ( IHC), down 3.5% and First Acceptance Corporation ( FAC), down 3.3%.

XL GROUP Public Limited Company, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, as well as insurance companies and other enterprises worldwide. XL Group has a market cap of $9.3 billion and is part of the financial sector. Shares are up 27.7% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate XL Group a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates XL Group 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, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, National Security Group ( NSEC), up 8.3%, CorVel Corporation ( CRVL), up 7.4%, Greenlight Capital Re ( GLRE), up 4.5% and Atlas Financial Holdings ( AFH), up 3.1% , were all gainers within the insurance industry with Radian Group ( RDN) being today's featured insurance industry leader.

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).

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

If you liked this article you might like

California's Wild Fires Could Cost Insurance Companies Shocking Amounts

California's Wild Fires Could Cost Insurance Companies Shocking Amounts

Allstate and Travelers Likely Spared From Worst Hurricane Irma, Harvey Damages

Allstate and Travelers Likely Spared From Worst Hurricane Irma, Harvey Damages

Travelers Halts Share Buybacks as Hurricane Harvey Losses Mount

Travelers Halts Share Buybacks as Hurricane Harvey Losses Mount

JPMorgan, U.S. Banks Face $3 Billion of Loan Losses From Catastrophic Hurricanes

JPMorgan, U.S. Banks Face $3 Billion of Loan Losses From Catastrophic Hurricanes

Hurricanes Irma and Harvey Might Cost $100 Billion, Dealing Big Blow to Insurers

Hurricanes Irma and Harvey Might Cost $100 Billion, Dealing Big Blow to Insurers