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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 13,961 as of Wednesday, Feb. 13, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,624 issues advancing vs. 1,238 declining with 155 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Altisource Portfolio Solutions ( ASPS), up 10.5%, Willis Group Holdings ( WSH), up 4.0%, Icahn ( IEP), up 2.5%, Marsh & McLennan Companies ( MMC), up 0.9% and Prudential Financial ( PRU), up 0.7%. On the negative front, top decliners within the sector include ING Groep N.V ( ING), down 3.8%, Nomura Holdings ( NMR), down 2.5%, American Tower ( AMT), down 1.3%, Royal Bank of Scotland Group (The ( RBS), down 1.2% and UBS ( UBS), down 1.1%.

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

5. Progressive Corporation ( PGR) is one of the companies pushing the Financial sector higher today. As of noon trading, Progressive Corporation is up $0.44 (1.8%) to $24.19 on average volume Thus far, 2.7 million shares of Progressive Corporation exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $23.61-$24.26 after having opened the day at $23.76 as compared to the previous trading day's close of $23.75.

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. Progressive Corporation has a market cap of $14.2 billion and is part of the insurance industry. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 11.7% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Progressive Corporation a buy, 4 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Progressive Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Progressive Corporation Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

4. As of noon trading, BlackRock ( BLK) is up $3.48 (1.5%) to $242.34 on average volume Thus far, 352,340 shares of BlackRock exchanged hands as compared to its average daily volume of 751,500 shares. The stock has ranged in price between $239.75-$242.66 after having opened the day at $240.20 as compared to the previous trading day's close of $238.86.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $41.8 billion and is part of the financial services industry. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 15.8% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate BlackRock a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full BlackRock Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

3. As of noon trading, Bank of New York Mellon ( BK) is up $0.50 (1.8%) to $28.40 on average volume Thus far, 3.5 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.5 million shares. The stock has ranged in price between $27.93-$28.45 after having opened the day at $27.96 as compared to the previous trading day's close of $27.90.

The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. Bank of New York Mellon has a market cap of $32.6 billion and is part of the financial services industry. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 8.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bank of New York Mellon Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, MetLife ( MET) is up $0.52 (1.4%) to $37.65 on average volume Thus far, 4.2 million shares of MetLife exchanged hands as compared to its average daily volume of 9.3 million shares. The stock has ranged in price between $36.97-$37.85 after having opened the day at $37.17 as compared to the previous trading day's close of $37.13.

MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East. MetLife has a market cap of $40.3 billion and is part of the insurance industry. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 12.0% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate MetLife a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full MetLife Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, American International Group ( AIG) is up $0.39 (1.0%) to $39.02 on light volume Thus far, 6.7 million shares of American International Group exchanged hands as compared to its average daily volume of 23.6 million shares. The stock has ranged in price between $38.56-$39.18 after having opened the day at $38.90 as compared to the previous trading day's close of $38.63.

American International Group, Inc. engages in the provision of insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. American International Group has a market cap of $58.2 billion and is part of the insurance industry. The company has a P/E ratio of 2.6, below the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate American International Group a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and feeble growth in the company's earnings per share. Get the full American International Group Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

A reminder about TheStreet Ratings group: 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.

null

More from Markets

Stocks Rise Sharply, Facebook Ignites a Nasdaq Rally

Stocks Rise Sharply, Facebook Ignites a Nasdaq Rally

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Chipotle Shares Are Probably Done Going Down

Jim Cramer: Chipotle Shares Are Probably Done Going Down

Jim Cramer: This Is a Sad Time for Southwest Airlines

Jim Cramer: This Is a Sad Time for Southwest Airlines

Jim Cramer Just Spoke to Larry Kudlow About the China Trade Negotiations

Jim Cramer Just Spoke to Larry Kudlow About the China Trade Negotiations