3 Financial Stocks Nudging The Sector Higher

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 29 points (0.2%) at 17,012 as of Tuesday, July 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,550 issues advancing vs. 1,408 declining with 169 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Woori Finance Holdings ( WF), up 4.2%, Shinhan Financial Group ( SHG), up 3.0%, E*Trade Financial ( ETFC), up 2.7%, KB Financial Group ( KB), up 2.2% and American Realty Capital Properties ( ARCP), up 1.9%. On the negative front, top decliners within the sector include Meridian Interstate Bancorp ( EBSB), down 58.8%, Nomura Holdings ( NMR), down 1.9%, UBS ( UBS), down 1.6%, General Growth Properties ( GGP), down 1.5% and Credit Suisse Group ( CS), down 0.8%.

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

3. Marsh & McLennan Companies ( MMC) is one of the companies pushing the Financial sector higher today. As of noon trading, Marsh & McLennan Companies is up $0.77 (1.5%) to $51.92 on heavy volume. Thus far, 2.9 million shares of Marsh & McLennan Companies exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $51.73-$53.55 after having opened the day at $52.50 as compared to the previous trading day's close of $51.15.

Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and human capital worldwide. It operates in two segments, Risk and Insurance Services and Consulting. Marsh & McLennan Companies has a market cap of $28.3 billion and is part of the insurance industry. Shares are up 5.8% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Marsh & McLennan Companies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Marsh & McLennan Companies as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Marsh & McLennan Companies Ratings Report now.

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