IX, ERIE And FNF, Pushing Financial Sector Downward

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 59 points (0.3%) at 17,066 as of Monday, March 7, 2016, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,929 issues advancing vs. 976 declining with 157 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Visa ( V), down 2.1%, Equifax ( EFX), down 1.8%, MasterCard ( MA), down 1.5%, ING Groep ( ING), down 1.4% and Mitsubishi UFJ Financial Group ( MTU), down 1.2%. Top gainers within the sector include LendingClub ( LC), up 4.4%, KKR ( KKR), up 4.1%, UDR ( UDR), up 3.2%, HCP ( HCP), up 2.7% and Grupo Aval Acciones y Valores ( AVAL), up 2.6%.

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

3. Orix ( IX) is one of the companies pushing the Financial sector lower today. As of noon trading, Orix is down $0.81 (-1.1%) to $69.52 on light volume. Thus far, 5,725 shares of Orix exchanged hands as compared to its average daily volume of 46,300 shares. The stock has ranged in price between $69.13-$69.52 after having opened the day at $69.20 as compared to the previous trading day's close of $70.33.

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ORIX Corporation provides financial solutions in Japan, United States, and internationally. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. Orix has a market cap of $18.3 billion and is part of the financial services industry. Shares are up 0.1% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Orix a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Orix as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and disappointing return on equity. Get the full Orix Ratings Report now.

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2. As of noon trading, Erie Indemnity ( ERIE) is down $4.38 (-4.5%) to $91.88 on heavy volume. Thus far, 73,774 shares of Erie Indemnity exchanged hands as compared to its average daily volume of 60,000 shares. The stock has ranged in price between $91.41-$95.35 after having opened the day at $95.24 as compared to the previous trading day's close of $96.26.

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Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It operates through four segments: Management Operations, Property and Casualty Insurance Operations, Life Insurance Operations, and Investment Operations. Erie Indemnity has a market cap of $4.4 billion and is part of the insurance industry. Shares are up 0.7% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Erie Indemnity a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Erie Indemnity 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, good cash flow from operations, growth in earnings per share and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Erie Indemnity Ratings Report now.

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1. As of noon trading, Fidelity National Financial ( FNF) is down $0.83 (-2.5%) to $31.78 on light volume. Thus far, 247,851 shares of Fidelity National Financial exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $31.62-$32.56 after having opened the day at $32.56 as compared to the previous trading day's close of $32.61.

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Fidelity National Financial, Inc., together with its subsidiaries, provides title insurance, and technology and transaction services to the real estate and mortgage industries in the United States. Fidelity National Financial has a market cap of $11.2 billion and is part of the insurance industry. Shares are down 5.9% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate Fidelity National Financial a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Fidelity National Financial 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, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Fidelity National Financial 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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