5 Stocks Dragging In The Insurance Industry

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,836 as of Monday, Jan. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 751 issues advancing vs. 2,176 declining with 155 unchanged.

The Insurance industry currently sits down 0.5% versus the S&P 500, which is down 0.4%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Manulife Financial Corporation ( MFC) is one of the companies pushing the Insurance industry lower today. As of noon trading, Manulife Financial Corporation is down $0.20 (-1.1%) to $18.61 on average volume. Thus far, 1.0 million shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $18.51-$18.86 after having opened the day at $18.79 as compared to the previous trading day's close of $18.81.

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 $36.2 billion and is part of the financial sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are down 4.7% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and none rate 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. Get the full Manulife Financial Corporation Ratings Report now.

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