We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Is Assurant (AIZ) Stock Outpacing Its Finance Peers This Year?
Read MoreHide Full Article
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Assurant (AIZ - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Assurant is one of 873 individual stocks in the Finance sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Assurant is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AIZ's full-year earnings has moved 5.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AIZ has gained about 12.6% so far this year. Meanwhile, stocks in the Finance group have gained about 5.2% on average. As we can see, Assurant is performing better than its sector in the calendar year.
Another Finance stock, which has outperformed the sector so far this year, is Hamilton Insurance (HG - Free Report) . The stock has returned 20.9% year-to-date.
Over the past three months, Hamilton Insurance's consensus EPS estimate for the current year has increased 19.1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Assurant belongs to the Insurance - Multi line industry, a group that includes 46 individual companies and currently sits at #75 in the Zacks Industry Rank. Stocks in this group have gained about 1.4% so far this year, so AIZ is performing better this group in terms of year-to-date returns. Hamilton Insurance is also part of the same industry.
Assurant and Hamilton Insurance could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Is Assurant (AIZ) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Assurant (AIZ - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Assurant is one of 873 individual stocks in the Finance sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Assurant is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AIZ's full-year earnings has moved 5.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AIZ has gained about 12.6% so far this year. Meanwhile, stocks in the Finance group have gained about 5.2% on average. As we can see, Assurant is performing better than its sector in the calendar year.
Another Finance stock, which has outperformed the sector so far this year, is Hamilton Insurance (HG - Free Report) . The stock has returned 20.9% year-to-date.
Over the past three months, Hamilton Insurance's consensus EPS estimate for the current year has increased 19.1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Assurant belongs to the Insurance - Multi line industry, a group that includes 46 individual companies and currently sits at #75 in the Zacks Industry Rank. Stocks in this group have gained about 1.4% so far this year, so AIZ is performing better this group in terms of year-to-date returns. Hamilton Insurance is also part of the same industry.
Assurant and Hamilton Insurance could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.