Updated from 2:37 p.m. EDT
The financial sector pulled back from Wednesday's gains and swung lower than the flat-lining broader market on Thursday, and among the most disappointing names was
National Financial Partners
The insurance broker lost 3.9% to $45.67 after estimating first-quarter cash earnings of just 51 cents to 53 cents a share. Analysts polled by Thomson Financial are seeking at least 7 cents more.
, meanwhile, gave up 5.3% to $9.99 after swinging to a 4-cent per-share loss from continuing operations in the first quarter.
, a Denver-based asset manager, slid 5.4% to $24.96 on a revenue miss and a slight decline in stockholders' equity.
But, on the upside,
Cohen & Steers
surged 16% to $52.16 after sailing past estimates with first-quarter profits of $22.3 million, or 52 cents a share, vs. the Street's 39-cent expectations. UBS upgraded the asset manager to a buy.
said GAAP earnings
more than doubled
, but shares still lost $1.92 to $84.51.
( NDE) recovered substantially after poor guidance sent shares tumbling this morning. Shares were up 3.3% to $31.98.
leapt 14.7% to $23.44 on better-than-expected, albeit flat, earnings of 34 cents a share.
, an Armonk, N.Y., insurer, posted earnings that were a penny past the average first-quarter estimate, and
made $1.10 a share -- a 25% rise from last year. MBIA shares were up $1.68, or 2.4%, to $70.93; Willis climbed 2.5% to $41.20.
added another $500 million to its stock repurchase plan, boosting shares 1.5% to $19.73.
More broadly, the
Financial Sector Index was losing 0.6% to 9823.56, and the KBW Bank Index was off 0.1% at 117.04.