Manulife Financial Corporation (MFC): Today's Featured Insurance Loser

Tickers in this article: MFC

Manulife Financial Corporation (MFC) pushed the Insurance industry lower today making it today's featured Insurance loser. The industry as a whole was unchanged today. By the end of trading, Manulife Financial Corporation fell 12 cents (-1.1%) to $10.96 on average volume. Throughout the day, 4.6 million shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $10.51-$10.99 after having opened the day at $10.89 as compared to the previous trading day's close of $11.08. Other company's within the Insurance industry that declined today were: American Independence Corporation (AMIC), down 7.2%, Atlantic American (AAME), down 5.5%, Radian Group (RDN), down 5%, and MGIC Investment Corporation (MTG), down 4.4%.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individuals and group customers primarily in Asia, Canada, and the United States. Manulife Financial Corporation has a market cap of $19.99 billion and is part of the financial sector. The company has a P/E ratio of 100.5, above the average insurance industry P/E ratio of 78.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Manulife Financial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front, Affirmative Insurance Holdings (AFFM), up 10.1%, CNinsure (CISG), up 6.8%, Old Republic International (ORI), up 4.4%, and Crawford & Company (CRD.B), up 3.2%, were all gainers within the insurance industry with Prudential Financial (PRU) being today's featured insurance industry winner.

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).

Tickers in this article: MFC