Brown & Brown Inc. (BRO): 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.

Brown & Brown ( BRO) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Brown & Brown fell $1.19 (-4.0%) to $28.91 on heavy volume. Throughout the day, 2,380,729 shares of Brown & Brown exchanged hands as compared to its average daily volume of 1,013,800 shares. The stock ranged in price between $28.69-$29.59 after having opened the day at $29.31 as compared to the previous trading day's close of $30.10. Other companies within the Insurance industry that declined today were: Life Partners Holdings ( LPHI), down 2.1%, Fidelity and Guaranty Life ( FGL), down 2.0% and First Acceptance Corporation ( FAC), down 1.5%.

Brown & Brown, Inc. markets and sells insurance products and services in the United States. Its Retail division provides insurance products and services to commercial, public and quasi-public entity, professional, and individual customers. Brown & Brown has a market cap of $4.4 billion and is part of the financial sector. Shares are down 4.1% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Brown & Brown a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Brown & Brown as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, 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 has had lackluster performance in the stock itself.

On the positive front, MGIC Investment Corporation ( MTG), up 7.2%, Fortegra Financial ( FRF), up 5.4%, Kingsway Financial Services ( KFS), up 4.8% and Genworth Financial ( GNW), up 4.7% , were all gainers within the insurance industry with Prudential Financial ( PRU) 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).

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