BMO, PGR, CB And TRV, Pushing Financial Sector Downward

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 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Plum Creek Timber ( PCL), down 1.3%, Brookfield Asset Management ( BAM), down 1.2%, Weyerhaeuser ( WY), down 0.9%, IntercontinentalExchange Group ( ICE), down 0.7% and CME Group ( CME), down 0.7%. Top gainers within the sector include Royal Bank of Scotland Group (The ( RBS), up 3.6%, Nomura Holdings ( NMR), up 2.9%, Lloyds Banking Group ( LYG), up 2.6%, UBS ( UBS), up 2.0% and Deutsche Bank ( DB), up 2.2%.

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

4. Bank of Montreal ( BMO) is one of the companies pushing the Financial sector lower today. As of noon trading, Bank of Montreal is down $0.42 (-0.6%) to $65.46 on light volume. Thus far, 114,920 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 338,700 shares. The stock has ranged in price between $65.42-$65.85 after having opened the day at $65.85 as compared to the previous trading day's close of $65.88.

Bank of Montreal provides various retail banking, wealth management, and investment banking products and services in Canada, the United States, and internationally. Bank of Montreal has a market cap of $42.8 billion and is part of the banking industry. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Bank of Montreal a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Bank of Montreal 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, Progressive Corporation ( PGR) is down $0.11 (-0.4%) to $25.92 on heavy volume. Thus far, 5.6 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 $25.53-$25.95 after having opened the day at $25.54 as compared to the previous trading day's close of $26.03.

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. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Progressive Corporation a buy, 8 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 increase in stock price during the past year. 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.

2. As of noon trading, Chubb ( CB) is down $0.29 (-0.3%) to $92.91 on light volume. Thus far, 220,963 shares of Chubb exchanged hands as compared to its average daily volume of 935,200 shares. The stock has ranged in price between $92.69-$93.33 after having opened the day at $93.18 as compared to the previous trading day's close of $93.20.

The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals. Chubb has a market cap of $23.6 billion and is part of the insurance industry. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are down 3.5% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Chubb a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Chubb 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, increase in stock price during the past year, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Chubb 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, Travelers Companies ( TRV) is down $0.64 (-0.7%) to $87.76 on light volume. Thus far, 515,468 shares of Travelers Companies exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $87.57-$88.40 after having opened the day at $88.21 as compared to the previous trading day's close of $88.40.

The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the United States. Travelers Companies has a market cap of $32.4 billion and is part of the insurance industry. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Travelers Companies a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Travelers Companies as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share 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 Travelers Companies 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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