3 Stocks Pulling The Financial Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 132 points (0.9%) at 15,423 as of Thursday, July 11, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 2,501 issues advancing vs. 485 declining with 57 unchanged.

The Financial sector currently sits up 0.6% versus the S&P 500, which is up 1.0%. On the negative front, top decliners within the sector include TD Ameritrade Holding Corporation ( AMTD), down 3.1%, Aegon ( AEG), down 3.1%, Charles Schwab ( SCHW), down 2.5%, ING Groep N.V ( ING), down 1.5% and MetLife ( MET), down 0.8%. Top gainers within the sector include Woori Finance Holdings ( WF), up 6.0%, American Capital Agency ( AGNC), up 4.9%, KB Financial Group ( KB), up 3.9%, Credicorp ( BAP), up 4.0% and HCP ( HCP), up 3.6%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Progressive Corporation ( PGR) is one of the companies pushing the Financial sector lower today. As of noon trading, Progressive Corporation is down $0.39 (-1.5%) to $25.63 on heavy volume. Thus far, 2.7 million shares of Progressive Corporation exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $25.31-$25.98 after having opened the day at $25.87 as compared to the previous trading day's close of $26.02.

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 $15.7 billion and is part of the insurance industry. Shares are up 23.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Progressive Corporation a buy, 5 analysts rate it a sell, and 10 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, good cash flow from operations, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Progressive Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, SunTrust Banks ( STI) is down $0.59 (-1.7%) to $33.34 on average volume. Thus far, 2.1 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $33.27-$34.45 after having opened the day at $34.39 as compared to the previous trading day's close of $33.93.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $18.5 billion and is part of the banking industry. Shares are up 19.7% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate SunTrust Banks a buy, 4 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates SunTrust Banks 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, attractive valuation levels, good cash flow from operations and expanding profit margins. 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 SunTrust Banks Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Regions Financial Corporation ( RF) is down $0.31 (-3.1%) to $9.82 on heavy volume. Thus far, 16.8 million shares of Regions Financial Corporation exchanged hands as compared to its average daily volume of 16.1 million shares. The stock has ranged in price between $9.72-$10.29 after having opened the day at $10.28 as compared to the previous trading day's close of $10.13.

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. Regions Financial Corporation has a market cap of $14.4 billion and is part of the banking industry. Shares are up 42.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Regions Financial Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Regions Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Regions Financial Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).

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