For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. American International Group (AIG - 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 AIG and the rest of the Finance group's stocks.
American International Group is one of 854 individual stocks in the Finance sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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 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 #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AIG's full-year earnings has moved 12.69% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AIG has gained about 35.30% so far this year. At the same time, Finance stocks have gained an average of 11.13%. This means that American International Group is outperforming the sector as a whole this year.
Looking more specifically, AIG belongs to the Insurance - Multi line industry, a group that includes 27 individual stocks and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 14.02% so far this year, so AIG is performing better this group in terms of year-to-date returns.
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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. American International Group (AIG - 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 AIG and the rest of the Finance group's stocks.
American International Group is one of 854 individual stocks in the Finance sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. 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 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 #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AIG's full-year earnings has moved 12.69% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AIG has gained about 35.30% so far this year. At the same time, Finance stocks have gained an average of 11.13%. This means that American International Group is outperforming the sector as a whole this year.
Looking more specifically, AIG belongs to the Insurance - Multi line industry, a group that includes 27 individual stocks and currently sits at #37 in the Zacks Industry Rank. Stocks in this group have gained about 14.02% so far this year, so AIG is performing better this group in terms of year-to-date returns.
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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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