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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