3 Stocks Pushing The Insurance Industry 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Insurance industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Lincoln National Corp (Radnor ( LNC), down 1.5%, and MetLife ( MET), down 0.8%. A company within the industry that increased today was ACE ( ACE), up 0.6%.

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

3. Sun Life Financial ( SLF) is one of the companies pushing the Insurance industry lower today. As of noon trading, Sun Life Financial is down $0.27 (-0.8%) to $33.76 on average volume. Thus far, 71,110 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 185,900 shares. The stock has ranged in price between $33.75-$34.17 after having opened the day at $34.17 as compared to the previous trading day's close of $34.03.

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 worldwide. Sun Life Financial has a market cap of $20.9 billion and is part of the financial sector. Shares are down 3.7% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Sun Life Financial a buy, no analysts rate it a sell, and 2 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and attractive valuation levels. 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.

2. As of noon trading, Manulife Financial Corporation ( MFC) is down $0.12 (-0.6%) to $18.26 on average volume. Thus far, 762,421 shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $18.15-$18.47 after having opened the day at $18.47 as compared to the previous trading day's close of $18.38.

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. The company operates through Asia, Canadian, and U.S. Manulife Financial Corporation has a market cap of $34.7 billion and is part of the financial sector. Shares are down 6.8% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Manulife Financial Corporation a buy, no analysts rate it a sell, and none 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 revenue growth, solid stock price performance, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. 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, Genworth Financial ( GNW) is down $0.24 (-1.4%) to $17.06 on average volume. Thus far, 2.9 million shares of Genworth Financial exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $17.02-$17.41 after having opened the day at $17.33 as compared to the previous trading day's close of $17.30.

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 $8.7 billion and is part of the financial sector. Shares are up 11.4% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Genworth Financial a buy, 1 analyst rates it a sell, and 3 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, compelling growth in net income, revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Genworth 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 3 stocks, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).

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