3 Stocks Dragging The Financial Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 190 points (1.2%) at 15,957 as of Thursday, Jan. 21, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,146 issues advancing vs. 840 declining with 119 unchanged.

The Financial sector currently sits up 0.7% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the sector include Orix ( IX), down 4.0%, Deutsche Bank ( DB), down 3.8%, Credit Suisse Group ( CS), down 2.6%, Northern ( NTRS), down 1.7% and Charles Schwab ( SCHW), down 1.6%. Top gainers within the sector include SLM ( SLM), up 13.7%, Host Hotels & Resorts ( HST), up 6.0%, PacWest Bancorp ( PACW), up 5.3%, KKR ( KKR), up 5.2% and Manulife Financial ( MFC), up 3.9%.

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

3. Essex Property ( ESS) is one of the companies pushing the Financial sector lower today. As of noon trading, Essex Property is down $2.62 (-1.2%) to $221.86 on average volume. Thus far, 174,653 shares of Essex Property exchanged hands as compared to its average daily volume of 421,000 shares. The stock has ranged in price between $221.57-$226.84 after having opened the day at $225.12 as compared to the previous trading day's close of $224.48.

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Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. Essex Property has a market cap of $15.3 billion and is part of the real estate industry. Shares are down 6.2% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Essex Property a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Essex Property as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Essex Property Ratings Report now.

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2. As of noon trading, Travelers Companies ( TRV) is down $1.20 (-1.2%) to $102.45 on heavy volume. Thus far, 1.5 million shares of Travelers Companies exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $101.23-$105.10 after having opened the day at $104.44 as compared to the previous trading day's close of $103.65.

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The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. Travelers Companies has a market cap of $32.2 billion and is part of the insurance industry. Shares are down 8.2% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Travelers Companies a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Travelers Companies as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Travelers Companies Ratings Report now.

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1. As of noon trading, ACE ( ACE) is down $1.95 (-1.8%) to $108.74 on average volume. Thus far, 1.6 million shares of ACE exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $108.19-$111.10 after having opened the day at $109.95 as compared to the previous trading day's close of $110.69.

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ACE Limited, through its subsidiaries, provides a range of property and casualty insurance and reinsurance products worldwide. ACE has a market cap of $36.0 billion and is part of the insurance industry. Shares are down 5.0% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts that rate ACE a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates ACE 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, solid stock price performance and attractive valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full ACE Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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