3 Financial Stocks Pushing The Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 45 points (0.3%) at 16,697 as of Thursday, Aug. 14, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,017 issues advancing vs. 963 declining with 158 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Shinhan Financial Group ( SHG), up 2.4%, HDFC Bank ( HDB), up 2.3%, Credit Suisse Group ( CS), up 2.1%, Weyerhaeuser ( WY), up 1.7% and Hartford Financial Services Group ( HIG), up 1.5%. On the negative front, top decliners within the sector include AvalonBay Communities ( AVB), down 0.8%, and MasterCard ( MA), down 0.6%.

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

3. MetLife ( MET) is one of the companies pushing the Financial sector higher today. As of noon trading, MetLife is up $0.42 (0.8%) to $52.86 on light volume. Thus far, 1.5 million shares of MetLife exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $52.47-$52.94 after having opened the day at $52.52 as compared to the previous trading day's close of $52.44.

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MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, Asia, Europe, and the Middle East. MetLife has a market cap of $58.7 billion and is part of the insurance industry. Shares are down 2.7% year-to-date as of the close of trading on Wednesday. Currently there are 15 analysts who rate MetLife a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full MetLife Ratings Report now.

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