5 Stocks Pushing The Financial Sector Higher

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 163 points (1.2%) at 13,275 as of Tuesday, Nov. 6, 2012, 12:34 PM ET. The NYSE advances/declines ratio sits at 2,126 issues advancing vs. 762 declining with 145 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 1.1%. Top gainers within the sector include AmTrust Financial Services ( AFSI), up 14.7%, Lloyds Banking Group ( LYG), up 5.8%, Discover Financial Services ( DFS), up 3.0%, Credit Suisse Group ( CS), up 3.4% and UBS ( UBS), up 2.9%. On the negative front, top decliners within the sector include Annaly Capital Management ( NLY), down 3.3%, American Capital Agency ( AGNC), down 1.6%, Banco De Chile ( BCH), down 1.4% and General Growth Properties ( GGP), down 0.5%.

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

5. Allstate ( ALL) is one of the companies pushing the Financial sector higher today. As of noon trading, Allstate is up $0.56 (1.4%) to $39.24 on average volume Thus far, 1.6 million shares of Allstate exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $38.74-$39.41 after having opened the day at $38.81 as compared to the previous trading day's close of $38.68.

The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance, life insurance, and retirement and investment products business primarily in the United States. Allstate has a market cap of $18.6 billion and is part of the insurance industry. The company has a P/E ratio of 7.4, below the S&P 500 P/E ratio of 17.7. Shares are up 40.7% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Allstate a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Allstate as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, 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 Allstate Ratings Report now.

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