5 Stocks Pushing The Financial Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Banco De Chile (BCH), down 1.9%, Lloyds Banking Group (LYG), down 2.0%, Morgan Stanley (MS), down 1.4%, Shinhan Financial Group (SHG), down 0.9% and Royal Bank of Scotland Group (The (RBS), down 0.8%. Top gainers within the sector include Goldman Sachs Group (GS), up 1.1%, Bank of New York Mellon (BK), up 1.0%, MetLife (MET), up 0.9%, American International Group (AIG), up 0.9% and Public Storage (PSA), up 0.8%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Alleghany Corp DEL (Y) is one of the companies pushing the Financial sector lower today. As of noon trading, Alleghany Corp DEL is down $14.82 (-4.2%) to $336.18 on average volume Thus far, 38,874 shares of Alleghany Corp DEL exchanged hands as compared to its average daily volume of 59,300 shares. The stock has ranged in price between $334.83-$344.49 after having opened the day at $343.92 as compared to the previous trading day's close of $351.00.

Alleghany Corporation, through its subsidiaries, engages in the property and casualty, and surety insurance business in the United States. Alleghany Corp DEL has a market cap of $5.6 billion and is part of the insurance industry. The company has a P/E ratio of 5.7, below the S&P 500 P/E ratio of 17.7. Shares are up 23.0% year to date as of the close of trading on Friday. Currently there are no analysts that rate Alleghany Corp DEL a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Alleghany Corp DEL as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Alleghany Corp DEL Ratings Report now.

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