Back to top

Image: Bigstock

Is Arch Capital Group (ACGL) Outperforming Other Finance Stocks This Year?

Read MoreHide Full Article

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Arch Capital Group (ACGL - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Arch Capital Group is a member of the Finance sector. This group includes 883 individual stocks and currently holds a Zacks Sector Rank of #3. 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. Arch Capital Group is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for ACGL's full-year earnings has moved 7.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, ACGL has returned 0% so far this year. Meanwhile, stocks in the Finance group have lost about 19.6% on average. As we can see, Arch Capital Group is performing better than its sector in the calendar year.

CBTX is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.6%.

For CBTX, the consensus EPS estimate for the current year has increased 19.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Arch Capital Group belongs to the Insurance - Property and Casualty industry, which includes 39 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have lost 7.7% this year, meaning that ACGL is performing better in terms of year-to-date returns.

In contrast, CBTX falls under the Banks - Southeast industry. Currently, this industry has 64 stocks and is ranked #43. Since the beginning of the year, the industry has moved -7.5%.

Investors with an interest in Finance stocks should continue to track Arch Capital Group and CBTX. These stocks will be looking to continue their solid performance.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Arch Capital Group Ltd. (ACGL) - free report >>

Published in