5 Stocks Pulling The 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.3%) at 16,357 as of Wednesday, Jan. 22, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,698 issues advancing vs. 1,213 declining with 185 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include ING Groep N.V ( ING), down 1.9%, KB Financial Group ( KB), down 1.6%, Royal Bank of Scotland Group (The ( RBS), down 1.2%, Royal Bank Of Canada ( RY), down 1.1% and Toronto-Dominion Bank ( TD), down 1.0%. Top gainers within the sector include Signature Bank ( SBNY), up 3.0%, Northern Trust Corporation ( NTRS), up 2.4%, Credicorp ( BAP), up 2.2%, Banco Santander Chile ( BSAC), up 1.8% and Regions Financial Corporation ( RF), up 1.5%.

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

5. 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 $25.54 on heavy volume. Thus far, 4.8 million shares of Progressive Corporation exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $25.16-$25.90 after having opened the day at $25.85 as compared to the previous trading day's close of $25.93.

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 $15.4 billion and is part of the insurance industry. The company has a P/E ratio of 14.0, below the S&P 500 P/E ratio of 17.7. Shares are down 4.9% 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.

4. As of noon trading, Allstate ( ALL) is down $0.53 (-1.0%) to $52.15 on average volume. Thus far, 1.1 million shares of Allstate exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $51.99-$52.92 after having opened the day at $52.75 as compared to the previous trading day's close of $52.68.

The Allstate Corporation, through its subsidiaries, engages in the provision of personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $24.1 billion and is part of the insurance industry. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are down 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Allstate a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Allstate 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, attractive valuation levels, 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 Allstate 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, Aon plc ( AON) is down $1.04 (-1.2%) to $82.66 on average volume. Thus far, 847,443 shares of Aon plc exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $82.28-$83.96 after having opened the day at $83.70 as compared to the previous trading day's close of $83.70.

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. Aon plc has a market cap of $25.3 billion and is part of the insurance industry. The company has a P/E ratio of 25.4, above the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Aon plc a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Aon plc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Aon plc 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, Aflac ( AFL) is down $0.39 (-0.6%) to $64.44 on light volume. Thus far, 507,388 shares of Aflac exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $64.25-$64.99 after having opened the day at $64.86 as compared to the previous trading day's close of $64.83.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. Aflac has a market cap of $30.2 billion and is part of the insurance industry. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are down 3.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Aflac a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Aflac as a buy. The company's strengths can be seen in multiple areas, such as its 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 Aflac 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, Prudential Financial ( PRU) is down $0.92 (-1.0%) to $89.21 on light volume. Thus far, 601,916 shares of Prudential Financial exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $89.06-$90.53 after having opened the day at $90.13 as compared to the previous trading day's close of $90.13.

Prudential Financial, Inc., through its subsidiaries, provides a range of insurance, investment management, and other financial products and services to both individual and institutional customers in the United States and internationally. Prudential Financial has a market cap of $41.6 billion and is part of the insurance industry. Shares are down 2.3% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Prudential Financial a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Prudential Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Prudential 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.

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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