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 24 points (-0.2%) at 14,029 as of Friday, March 1, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,249 issues advancing vs. 1,609 declining with 131 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Icahn ( IEP), down 12.7%, Royal Bank of Scotland Group (The ( RBS), down 4.0%, Lloyds Banking Group ( LYG), down 3.9%, Credit Suisse Group ( CS), down 2.5% and UBS ( UBS), down 2.0%. Top gainers within the sector include Orix Corporation ( IX), up 3.5%, Nomura Holdings ( NMR), up 3.1%, Mitsubishi UFJ Financial Group ( MTU), up 1.6%, Toronto-Dominion Bank ( TD), up 0.6% and Citigroup ( C), up 0.4%.

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

5. ING Groep N.V ( ING) is one of the companies pushing the Financial sector lower today. As of noon trading, ING Groep N.V is down $0.23 (-2.8%) to $7.77 on heavy volume Thus far, 2.9 million shares of ING Groep N.V exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $7.56-$7.85 after having opened the day at $7.62 as compared to the previous trading day's close of $8.00.

ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services for individuals, families, small businesses, corporations, institutions, and governments worldwide. ING Groep N.V has a market cap of $30.8 billion and is part of the insurance industry. The company has a P/E ratio of 7.1, below the S&P 500 P/E ratio of 17.7. Shares are down 15.4% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate ING Groep N.V a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates ING Groep N.V as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and disappointing return on equity. Get the full ING Groep N.V Ratings Report now.

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