Is HCI Group (HCI) Outperforming Other Finance Stocks This Year?

HCI

Investors focused on the Finance space have likely heard of HCI Group (HCI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

HCI Group is a member of our Finance group, which includes 828 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. HCI is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for HCI's full-year earnings has moved 4.29% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, HCI has returned 38.09% so far this year. At the same time, Finance stocks have lost an average of 3.62%. As we can see, HCI Group is performing better than its sector in the calendar year.

Breaking things down more, HCI is a member of the Insurance - Property and Casualty industry, which includes 49 individual companies and currently sits at #67 in the Zacks Industry Rank. On average, stocks in this group have lost 4.69% this year, meaning that HCI is performing better in terms of year-to-date returns.

Investors in the Finance sector will want to keep a close eye on HCI as it attempts to continue its solid performance.

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