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 29.12

+0.25 +0.87%
Volume: 4,836,406
Track ALL

CNO 5.03

-0.15 -2.90%
Volume: 3,255,879
Track CNO

GNW 11.01

-0.12 -1.08%
Volume: 12,342,772
Track GNW

HIG 25.00

-0.32 -1.26%
Volume: 5,613,361
Track HIG

KIE 34.26

-0.20 -0.58%
Volume: 358,050
Track KIE

LNC 23.53

-0.23 -0.97%
Volume: 3,521,161
Track LNC

MET 33.90

-0.30 -0.88%
Volume: 6,393,417
Track MET

PFG 25.78

-0.42 -1.60%
Volume: 2,921,223
Track PFG

PRU 47.67

-1.00 -2.05%
Volume: 4,378,946
Track PRU

XL 18.00

-0.01 -0.06%
Volume: 4,342,471
Track XL



Comments

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