Manulife Financial Corporation (MFC): Today's Featured Insurance Winner

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.

Manulife Financial Corporation ( MFC) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.2%. By the end of trading, Manulife Financial Corporation rose $0.41 (2.1%) to $19.76 on heavy volume. Throughout the day, 4,395,005 shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 1,802,400 shares. The stock ranged in a price between $19.32-$19.83 after having opened the day at $19.41 as compared to the previous trading day's close of $19.35. Other companies within the Insurance industry that increased today were: Radian Group ( RDN), up 6.8%, Atlas Financial Holdings ( AFH), up 4.9%, MGIC Investment Corporation ( MTG), up 4.2% and Kansas City Life Insurance ( KCLI), up 3.2%.

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 $36.0 billion and is part of the financial sector. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are down 1.9% 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 1 rates it a hold.

TheStreet Ratings rates Manulife Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Employers Holdings ( EIG), down 3.4%, Imperial Holdings ( IFT), down 3.2%, Independence Holding Company ( IHC), down 3.2% and Third Point Reinsurance ( TPRE), down 3.1% , were all laggards within the insurance industry with ACE ( ACE) being today's insurance industry laggard.

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).

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

More from Markets

Dow Trades Lower as Apple's Slump Offsets Gains in General Electric

Dow Trades Lower as Apple's Slump Offsets Gains in General Electric

Could Spotify Be Next on Amazon's Wish List?

Could Spotify Be Next on Amazon's Wish List?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Skechers Slumps the Most in Two Years After Soft Guidance Overshadows Solid Q1

Skechers Slumps the Most in Two Years After Soft Guidance Overshadows Solid Q1

Video: This Is One Way Millennials Are Destroying Their Financial Future

Video: This Is One Way Millennials Are Destroying Their Financial Future