For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cincinnati Financial (CINF - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Cincinnati Financial is a member of the Finance sector. This group includes 870 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Cincinnati Financial is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CINF's full-year earnings has moved 14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CINF has returned about 22% since the start of the calendar year. At the same time, Finance stocks have gained an average of 5.3%. This means that Cincinnati Financial is outperforming the sector as a whole this year.
Another stock in the Finance sector, ING Groep (ING - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 13.8%.
In ING Groep's case, the consensus EPS estimate for the current year increased 15.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Cincinnati Financial belongs to the Insurance - Property and Casualty industry, a group that includes 41 individual companies and currently sits at #101 in the Zacks Industry Rank. This group has lost an average of 1.1% so far this year, so CINF is performing better in this area.
On the other hand, ING Groep belongs to the Banks - Foreign industry. This 67-stock industry is currently ranked #13. The industry has moved +9.3% year to date.
Investors interested in the Finance sector may want to keep a close eye on Cincinnati Financial and ING Groep as they attempt to continue their solid performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cincinnati Financial (CINF - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Cincinnati Financial is a member of the Finance sector. This group includes 870 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Cincinnati Financial is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CINF's full-year earnings has moved 14% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CINF has returned about 22% since the start of the calendar year. At the same time, Finance stocks have gained an average of 5.3%. This means that Cincinnati Financial is outperforming the sector as a whole this year.
Another stock in the Finance sector, ING Groep (ING - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 13.8%.
In ING Groep's case, the consensus EPS estimate for the current year increased 15.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Cincinnati Financial belongs to the Insurance - Property and Casualty industry, a group that includes 41 individual companies and currently sits at #101 in the Zacks Industry Rank. This group has lost an average of 1.1% so far this year, so CINF is performing better in this area.
On the other hand, ING Groep belongs to the Banks - Foreign industry. This 67-stock industry is currently ranked #13. The industry has moved +9.3% year to date.
Investors interested in the Finance sector may want to keep a close eye on Cincinnati Financial and ING Groep as they attempt to continue their solid performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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