3 Stocks Pushing The Financial Sector Lower

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,556 as of Thursday, April 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,086 issues advancing vs. 1,855 declining with 176 unchanged.

The Financial sector currently sits down 0.4% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include TD Ameritrade Holding Corporation ( AMTD), down 3.4%, Waddell & Reed Financial ( WDR), down 3.1%, Shinhan Financial Group ( SHG), down 2.8%, HDFC Bank ( HDB), down 2.1% and Royal Bank of Scotland Group (The ( RBS), down 2.1%. A company within the sector that increased today was American Express ( AXP), up 0.6%.

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

3. Genworth Financial ( GNW) is one of the companies pushing the Financial sector lower today. As of noon trading, Genworth Financial is down $0.44 (-2.4%) to $17.80 on average volume. Thus far, 2.7 million shares of Genworth Financial exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $17.75-$18.25 after having opened the day at $18.19 as compared to the previous trading day's close of $18.23.

Genworth Financial, Inc., a financial services company, provides insurance, investment, and financial solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Genworth Financial has a market cap of $8.9 billion and is part of the insurance industry. Shares are up 17.4% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Genworth Financial a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Genworth Financial 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Genworth Financial Ratings Report now.

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