Insurance Stocks On The Rise With Help From 3 Stocks

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 79 points (-0.5%) at 15,419 as of Friday, Aug. 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,348 issues advancing vs. 1,561 declining with 117 unchanged.

The Insurance industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Berkshire Hathaway ( BRK.B), up 0.7%.

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

3. Assured Guaranty ( AGO) is one of the companies pushing the Insurance industry higher today. As of noon trading, Assured Guaranty is up $0.75 (3.4%) to $22.66 on heavy volume. Thus far, 2.5 million shares of Assured Guaranty exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $21.00-$22.84 after having opened the day at $21.50 as compared to the previous trading day's close of $21.91.

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. Assured Guaranty has a market cap of $4.1 billion and is part of the financial sector. Shares are up 52.7% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Assured Guaranty a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Assured Guaranty 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 reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Assured Guaranty 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.

2. As of noon trading, Allstate ( ALL) is up $0.48 (0.9%) to $50.87 on light volume. Thus far, 1.2 million shares of Allstate exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $50.34-$50.92 after having opened the day at $50.38 as compared to the previous trading day's close of $50.39.

The Allstate Corporation, through its subsidiaries, engages in the provision of personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $23.3 billion and is part of the financial sector. Shares are up 25.4% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Allstate a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Allstate 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, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Allstate 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, Prudential Financial ( PRU) is up $0.41 (0.5%) to $80.82 on average volume. Thus far, 1.3 million shares of Prudential Financial exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $80.03-$81.03 after having opened the day at $80.33 as compared to the previous trading day's close of $80.41.

Prudential Financial, Inc., through its subsidiaries, provides a range of insurance, investment management, and other financial products and services to both individual and institutional customers in the United States and internationally. Prudential Financial has a market cap of $36.8 billion and is part of the financial sector. Shares are up 50.8% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Prudential Financial a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Prudential Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, reasonable 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 Prudential Financial 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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