3 Insurance Stocks Driving The Industry Higher

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 15,449 as of Wednesday, Feb. 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 771 issues advancing vs. 2,156 declining with 142 unchanged.

The Insurance industry currently sits up 0.1% versus the S&P 500, which is down 0.4%.

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

3. Sun Life Financial ( SLF) is one of the companies pushing the Insurance industry higher today. As of noon trading, Sun Life Financial is up $0.26 (0.8%) to $32.20 on light volume. Thus far, 118,851 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 522,500 shares. The stock has ranged in price between $31.69-$32.23 after having opened the day at $31.88 as compared to the previous trading day's close of $31.94.

Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $19.5 billion and is part of the financial sector. Shares are down 9.6% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Sun Life Financial a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sun Life 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.

2. As of noon trading, ING Groep N.V ( ING) is up $0.33 (2.5%) to $13.48 on heavy volume. Thus far, 1.4 million shares of ING Groep N.V exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $13.36-$13.51 after having opened the day at $13.40 as compared to the previous trading day's close of $13.15.

ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services. ING Groep N.V has a market cap of $49.3 billion and is part of the financial sector. Shares are down 6.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate ING Groep N.V a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates ING Groep N.V as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full ING Groep N.V 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, Genworth Financial ( GNW) is up $0.36 (2.4%) to $14.89 on heavy volume. Thus far, 7.1 million shares of Genworth Financial exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $14.62-$15.39 after having opened the day at $15.15 as compared to the previous trading day's close of $14.53.

Genworth Financial, Inc., a financial services company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally. The company's U.S. Genworth Financial has a market cap of $7.1 billion and is part of the financial sector. Shares are down 6.4% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Genworth Financial a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Genworth Financial 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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Genworth 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).

null

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio