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 American Financial Group (AFG) Outperforming Other Finance Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is American Financial Group (AFG - Free Report) one of those stocks right now? 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.
American Financial Group is one of 890 individual stocks in the Finance sector. Collectively, these companies sit at #5 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 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. American Financial Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AFG's full-year earnings has moved 8.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AFG has gained about 5.2% so far this year. In comparison, Finance companies have returned an average of 3.6%. This means that American Financial Group is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is American Tower (AMT - Free Report) . The stock is up 4% year-to-date.
Over the past three months, American Tower's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, American Financial Group belongs to the Insurance - Property and Casualty industry, which includes 46 individual stocks and currently sits at #50 in the Zacks Industry Rank. This group has gained an average of 2.4% so far this year, so AFG is performing better in this area.
American Tower, however, belongs to the REIT and Equity Trust - Other industry. Currently, this 90-stock industry is ranked #83. The industry has moved +7% so far this year.
Investors with an interest in Finance stocks should continue to track American Financial Group and American Tower. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is American Financial Group (AFG) Outperforming Other Finance Stocks This Year?
For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is American Financial Group (AFG - Free Report) one of those stocks right now? 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.
American Financial Group is one of 890 individual stocks in the Finance sector. Collectively, these companies sit at #5 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 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. American Financial Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AFG's full-year earnings has moved 8.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AFG has gained about 5.2% so far this year. In comparison, Finance companies have returned an average of 3.6%. This means that American Financial Group is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is American Tower (AMT - Free Report) . The stock is up 4% year-to-date.
Over the past three months, American Tower's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, American Financial Group belongs to the Insurance - Property and Casualty industry, which includes 46 individual stocks and currently sits at #50 in the Zacks Industry Rank. This group has gained an average of 2.4% so far this year, so AFG is performing better in this area.
American Tower, however, belongs to the REIT and Equity Trust - Other industry. Currently, this 90-stock industry is ranked #83. The industry has moved +7% so far this year.
Investors with an interest in Finance stocks should continue to track American Financial Group and American Tower. These stocks will be looking to continue their solid performance.