3 Financial Stocks Dragging The Sector Down

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 16,439 as of Monday, April 21, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,695 issues advancing vs. 1,308 declining with 151 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include MoneyGram International ( MGI), down 14.5%, National Bank of Greece ( NBG), down 2.5%, Mitsubishi UFJ Financial Group ( MTU), down 1.8%, Nomura Holdings ( NMR), down 1.3% and Macerich Company ( MAC), down 1.1%. Top gainers within the sector include Zillow ( Z), up 7.3%, CoStar Group ( CSGP), up 3.1%, SunTrust Banks ( STI), up 1.8%, Orix Corporation ( IX), up 1.7% and Western Union Company ( WU), up 1.4%.

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

3. Aflac ( AFL) is one of the companies pushing the Financial sector lower today. As of noon trading, Aflac is down $0.32 (-0.5%) to $62.73 on light volume. Thus far, 594,663 shares of Aflac exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $62.51-$62.96 after having opened the day at $62.64 as compared to the previous trading day's close of $63.05.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. Aflac has a market cap of $28.7 billion and is part of the insurance industry. Shares are down 5.6% year-to-date as of the close of trading on Thursday. Currently there are 7 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 solid stock price performance, notable return on equity, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Aflac Ratings Report now.

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