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.Chubb ( CB) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole was unchanged today. By the end of trading, Chubb rose $1.28 (1.4%) to $91.73 on average volume. Throughout the day, 1,681,620 shares of Chubb exchanged hands as compared to its average daily volume of 1,508,500 shares. The stock ranged in a price between $90.50-$92.00 after having opened the day at $90.75 as compared to the previous trading day's close of $90.45. Other companies within the Insurance industry that increased today were: Kingsway Financial Services ( KFS), up 5.0%, First American Financial ( FAF), up 4.8%, United Insurance Holdings ( UIHC), up 4.1% and Allied World Assurance Co Holdings ( AWH), up 3.4%.
The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals. Chubb has a market cap of $22.2 billion and is part of the financial sector. Shares are down 6.4% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Chubb a buy, 1 analyst rates it a sell, and 11 rate it a hold. TheStreet Ratings rates Chubb 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, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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).