3 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

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 83 points (0.6%) at 13,218 as of Monday, Dec. 17, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,927 issues advancing vs. 999 declining with 148 unchanged.

The Financial sector currently sits up 0.6% versus the S&P 500, which is up 0.8%. A company within the sector that fell today was Banco Santander (SAN), up 0.8%. Top gainers within the sector include PNC Financial Services Group (PNC), up 2.8%, BB&T (BBT), up 2.6%, Goldman Sachs Group (GS), up 2.4%, Nomura Holdings (NMR), up 2.5% and T. Rowe Price Group (TROW), up 2.3%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Sun Life Financial (SLF) is one of the companies pushing the Financial sector lower today. As of noon trading, Sun Life Financial is down $0.48 (-1.7%) to $27.71 on average volume Thus far, 241,779 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 379,700 shares. The stock has ranged in price between $27.55-$27.96 after having opened the day at $27.95 as compared to the previous trading day's close of $28.19.

Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $16.8 billion and is part of the insurance industry. The company has a P/E ratio of 28.8, above the S&P 500 P/E ratio of 17.7. Shares are up 52.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Sun Life Financial a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Sun Life Financial Ratings Report now.

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