Insurance Sector (KIE) Sees Serious Strength Today

May 14, 2009 2:49 PM EDT

The insurance sector is seeing significant strength today, as represented by the 6.7% move in the SPDR KBW Insurance ETF (NYSE: KIE). Recent data from KBW showed that short interest in the ETF rose 8% during the last two weeks of April. So today's move could be in part related to short covering.

A number of stocks in the sector are seeing moves above 20% today:

  • Genworth Financial Inc. (NYSE: GNW) +26%
  • Hartford Financial Services Group Inc. (NYSE: HIG) +21%
  • Conseco Inc. (NYSE: CNO) +20%
Other movers in the sector include:
  • Lincoln National Corp. (NYSE: LNC) +15%
  • XL Capital Ltd. (NYSE: XL) +11%
  • Principal Financial Group Inc. (NYSE: PFG) +8%
  • MetLife, Inc. (NYSE: MET) +7%
  • Prudential Financial, Inc. (NYSE: PRU) +7%
  • Allstate Corp. (NYSE: ALL) +5%


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Stocks Mentioned

ALL 28.99

-0.38 -1.29%
Volume: 3,721,283
Track ALL

CNO 4.96

-0.09 -1.78%
Volume: 4,316,254
Track CNO

GNW 11.05

+0.00 +0.00%
Volume: 10,340,017
Track GNW

HIG 25.13

-0.21 -0.83%
Volume: 5,334,299
Track HIG

KIE 34.73

+0.03 +0.09%
Volume: 1,831,974
Track KIE

LNC 23.91

-0.23 -0.95%
Volume: 2,744,070
Track LNC

MET 34.42

-0.07 -0.20%
Volume: 4,115,780
Track MET

PFG 26.01

-0.07 -0.27%
Volume: 1,840,624
Track PFG

PRU 50.51

+1.43 +2.91%
Volume: 4,399,912
Track PRU

XL 18.38

+0.12 +0.66%
Volume: 4,175,162
Track XL



Comments

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