We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has American International Group (AIG) Outpaced Other Finance Stocks This Year?
Read MoreHide Full Article
Investors focused on the Finance space have likely heard of American International Group (AIG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
American International Group is one of 856 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AIG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AIG's full-year earnings has moved 12.69% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AIG has returned about 33.04% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 10.57% on average. As we can see, American International Group is performing better than its sector in the calendar year.
Looking more specifically, AIG belongs to the Insurance - Multi line industry, which includes 27 individual stocks and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 10.81% so far this year, so AIG is performing better in this area.
AIG will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has American International Group (AIG) Outpaced Other Finance Stocks This Year?
Investors focused on the Finance space have likely heard of American International Group (AIG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
American International Group is one of 856 individual stocks in the Finance sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AIG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AIG's full-year earnings has moved 12.69% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AIG has returned about 33.04% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 10.57% on average. As we can see, American International Group is performing better than its sector in the calendar year.
Looking more specifically, AIG belongs to the Insurance - Multi line industry, which includes 27 individual stocks and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 10.81% so far this year, so AIG is performing better in this area.
AIG will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.