Today's Stocks Driving Success For The Financial Sector

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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Corpbanca ( BCA), up 3.3%, NASDAQ OMX Group ( NDAQ), up 2.3%, HDFC Bank ( HDB), up 1.6%, Citigroup ( C), up 1.4% and Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 0.7%. On the negative front, top decliners within the sector include Altisource Asset Management ( AAMC), down 21.8%, Nomura Holdings ( NMR), down 2.7%, Woori Finance Holdings ( WF), down 2.6%, National Bank of Greece ( NBG), down 2.0% and Royal Bank of Scotland Group (The ( RBS), down 1.8%.

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

3. Allstate ( ALL) is one of the companies pushing the Financial sector higher today. As of noon trading, Allstate is up $0.32 (0.6%) to $59.14 on average volume. Thus far, 1.7 million shares of Allstate exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $58.89-$59.50 after having opened the day at $58.89 as compared to the previous trading day's close of $58.82.

The Allstate Corporation, through its subsidiaries, provides personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $25.5 billion and is part of the insurance industry. Shares are up 7.8% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Allstate a buy, no analysts rate it a sell, and 9 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 and solid stock price performance. 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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Allstate Estimates Catastrophe Losses in August at $591 Million

How Well Do You Know Your Insurer -- and Its Reinsurer?

Allstate and Travelers Likely Spared From Worst Hurricane Irma, Harvey Damages