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Is Assurant (AIZ) Stock Outpacing Its Finance Peers This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Assurant (AIZ - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AIZ and the rest of the Finance group's stocks.
Assurant is one of 822 companies in the Finance group. The Finance group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AIZ is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AIZ's full-year earnings has moved 1.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AIZ has returned about 5.39% since the start of the calendar year. In comparison, Finance companies have returned an average of -1.52%. This means that Assurant is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AIZ belongs to the Insurance - Multi line industry, a group that includes 25 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, this group has lost an average of 8.33% so far this year, meaning that AIZ is performing better in terms of year-to-date returns.
AIZ will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
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Is Assurant (AIZ) Stock Outpacing Its Finance Peers This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Assurant (AIZ - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AIZ and the rest of the Finance group's stocks.
Assurant is one of 822 companies in the Finance group. The Finance group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AIZ is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AIZ's full-year earnings has moved 1.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AIZ has returned about 5.39% since the start of the calendar year. In comparison, Finance companies have returned an average of -1.52%. This means that Assurant is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AIZ belongs to the Insurance - Multi line industry, a group that includes 25 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, this group has lost an average of 8.33% so far this year, meaning that AIZ is performing better in terms of year-to-date returns.
AIZ will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.