ACE Ltd (ACE): 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.

ACE ( ACE) 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, ACE fell $1.24 (-1.2%) to $99.03 on heavy volume. Throughout the day, 2,705,522 shares of ACE exchanged hands as compared to its average daily volume of 1,189,800 shares. The stock ranged in price between $98.53-$100.36 after having opened the day at $100.11 as compared to the previous trading day's close of $100.27. Other companies within the Insurance industry that declined today were: 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%.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insured's worldwide. ACE has a market cap of $34.4 billion and is part of the financial sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate ACE a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates ACE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, 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% , were all gainers within the insurance industry with Manulife Financial Corporation ( MFC) 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.

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