5 Financial Stocks Being Dumped: WRB, LM, SEIC, LAZ, EV

Through most of the trading day on Tuesday, October 11, 2011, these stocks are bringing down the Financial (NYSE:XLF) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

W.R. Berkley Corporation (NYSE:WRB) is one of the sector losers in price. Its shares are trading at $29.03, down 65 cents (-2.2%) from the previous close of $29.68. W.R. Berkley is an insurance holding company in the United States, which operates in five business segments: specialty insurance, regional property casualty insurance, alternative markets, reinsurance and international.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $1.76 (-5.6%) from $31.44 to $29.68. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 1, 2011 when shares rose for eight straight trading days, rising 8.6% (+$2.59). It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 6.4% (-$1.93).

Legg Mason Inc. (NYSE:LM) stocks are trading at $26.69. This is 47 cents (-1.7%) below the previous close of $27.15, making the company one of the biggest price losers in the sector today. Legg Mason is a global asset management company that offers investment management and related services to individual and institutional clients.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $4.23 (-13.5%) from $31.38 to $27.15. The stock price saw one of its best stretches over the last year between February 10, 2011 and February 18, 2011 when shares rose for seven straight trading days, rising 7.8% (+$2.66). It saw one of its worst periods between April 27, 2011 and May 6, 2011 when shares fell for eight straight trading days, falling 8.4% (-$3.14).

SEI Investments Company (NASDAQ:SEIC) is among the price losers in the sector as its stock price is $15.08, down 40 cents (-2.5%) from the previous close of $15.47. SEI Investments is a provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors and affluent families create and manage wealth.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $6.36 (-29.1%) from $21.83 to $15.47. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 5, 2010 when shares rose for seven straight trading days, rising 6.2% (+$1.36). It saw one of its worst periods between July 20, 2011 and August 2, 2011 when shares fell for 10 straight trading days, falling 11.2% (-$2.38).

Shares of Lazard Ltd. (NYSE:LAZ) are trading at $23.32, down 41 cents (-1.6%) from the previous close of $23.71. Lazard, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. The company’s Financial Advisory segment offers a range of services regarding mergers and acquisitions and strategic advisory matters.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $9.88 (-29.4%) from $33.59 to $23.71. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 23, 2011 when shares rose for six straight trading days, rising 7.5% (+$2.92). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 13.6% (-$4.94).

Eaton Vance Corporation (NYSE:EV) is among the price losers in the sector. Its shares are trading at $22.99, which is 40 cents (-1.7%) below the previous close of $23.39. Eaton Vance manages investment funds and provides investment management and counseling services to individuals and institutions with high net worths.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $4.53 (-16.2%) from $27.92 to $23.39. It saw one of its worst periods between May 12, 2011 and May 25, 2011 when shares fell for 10 straight trading days, falling 6.5% (-$2.12). The stock price saw one of its best stretches over the last year between January 7, 2011 and January 14, 2011 when shares rose for six straight trading days, rising 6.7% (+$1.94).