3 Stocks Dragging 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 63 points (0.4%) at 17,115 as of Tuesday, July 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,207 issues advancing vs. 762 declining with 147 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include Altisource Asset Management ( AAMC), down 9.9%, BancorpSouth ( BXS), down 6.6%, Credit Suisse Group ( CS), down 1.6%, State Street ( STT), down 1.1% and Aegon ( AEG), down 0.9%. Top gainers within the sector include CIT Group ( CIT), up 11.3%, Realogy Holdings ( RLGY), up 3.4%, HDFC Bank ( HDB), up 3.1%, Woori Finance Holdings ( WF), up 2.5% and CME Group ( CME), up 1.6%.

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

3. Chubb ( CB) is one of the companies pushing the Financial sector lower today. As of noon trading, Chubb is down $1.23 (-1.3%) to $92.48 on average volume. Thus far, 557,322 shares of Chubb exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $92.07-$93.46 after having opened the day at $93.46 as compared to the previous trading day's close of $93.71.

The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals. Chubb has a market cap of $22.9 billion and is part of the insurance industry. Shares are down 3.0% year-to-date as of the close of trading on Monday. Currently there are 3 analysts that rate Chubb a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Chubb as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity 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 Chubb Ratings Report now.

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