5 Stocks Dragging In The Financial Sector

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include MarketAxess Holdings ( MKTX), down 5.4%, Shinhan Financial Group ( SHG), down 1.6%, Mitsubishi UFJ Financial Group ( MTU), down 1.6%, Lloyds Banking Group ( LYG), down 1.4% and Orix Corporation ( IX), down 1.2%. Top gainers within the sector include BRE Properties ( BRE), up 11.7%, Post Properties ( PPS), up 6.2%, Home Properties ( HME), up 4.5%, Apartment Investment & Management ( AIV), up 4.7% and UDR ( UDR), up 4.0%.

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

5. Sun Life Financial ( SLF) is one of the companies pushing the Financial sector lower today. As of noon trading, Sun Life Financial is down $0.21 (-0.6%) to $34.33 on average volume. Thus far, 160,993 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 388,100 shares. The stock has ranged in price between $34.08-$34.53 after having opened the day at $34.40 as compared to the previous trading day's close of $34.54.

Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $21.3 billion and is part of the insurance industry. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 32.2% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Sun Life Financial a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity, solid stock price performance 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 Sun Life Financial 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.

4. As of noon trading, Canadian Imperial Bank of Commerce ( CM) is down $0.65 (-0.8%) to $84.10 on average volume. Thus far, 65,884 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 169,000 shares. The stock has ranged in price between $84.06-$84.64 after having opened the day at $84.40 as compared to the previous trading day's close of $84.75.

Canadian Imperial Bank of Commerce provides various financial products and services in Canada and internationally. It operates through three segments: Retail and Business Banking, Wealth Management, and Wholesale Banking. Canadian Imperial Bank of Commerce has a market cap of $34.3 billion and is part of the banking industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Canadian Imperial Bank of Commerce 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.

3. As of noon trading, ING Groep N.V ( ING) is down $0.10 (-0.8%) to $12.67 on average volume. Thus far, 885,689 shares of ING Groep N.V exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $12.52-$12.76 after having opened the day at $12.56 as compared to the previous trading day's close of $12.77.

ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services. ING Groep N.V has a market cap of $49.2 billion and is part of the insurance industry. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 35.2% year to date as of the close of trading on Tuesday. 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 hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. Get the full ING Groep N.V 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, Manulife Financial Corporation ( MFC) is down $0.16 (-0.8%) to $18.78 on average volume. Thus far, 1.1 million shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $18.66-$18.96 after having opened the day at $18.92 as compared to the previous trading day's close of $18.94.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. Manulife Financial Corporation has a market cap of $35.8 billion and is part of the insurance industry. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 39.4% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Manulife 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, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Manulife 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.

1. As of noon trading, Progressive Corporation ( PGR) is down $0.22 (-0.8%) to $27.68 on light volume. Thus far, 539,214 shares of Progressive Corporation exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $27.66-$27.88 after having opened the day at $27.76 as compared to the previous trading day's close of $27.90.

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 $16.9 billion and is part of the insurance industry. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are up 32.2% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Progressive Corporation a buy, 7 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. 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.

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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