4 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 73 points (0.5%) at 14,495 as of Friday, March 22, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,725 issues advancing vs. 1,132 declining with 170 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The ( RBS), down 1.5%, Orix Corporation ( IX), down 1.0% and Banco De Chile ( BCH), down 0.8%. Top gainers within the sector include Assured Guaranty ( AGO), up 4.0%, Credit Suisse Group ( CS), up 2.5%, Woori Finance Holdings ( WF), up 2.3%, Annaly Capital Management ( NLY), up 2.1% and American Capital Agency ( AGNC), up 1.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. 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 $0.19 (-2.4%) to $7.63 on average volume Thus far, 1.5 million shares of ING Groep N.V exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $7.61-$7.84 after having opened the day at $7.83 as compared to the previous trading day's close of $7.82.

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 $30.4 billion and is part of the insurance industry. The company has a P/E ratio of 7.0, below the S&P 500 P/E ratio of 17.7. Shares are down 17.6% year to date as of the close of trading on Thursday. Currently there are 2 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, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full ING Groep N.V Ratings Report now.

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