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Are Finance Stocks Lagging Arch Capital Group (ACGL) This Year?
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For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Arch Capital Group (ACGL - 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? 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.
Arch Capital Group is a member of the Finance sector. This group includes 890 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ACGL's full-year earnings has moved 4.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ACGL has returned 6.7% so far this year. Meanwhile, stocks in the Finance group have gained about 3.5% on average. This shows that Arch Capital Group is outperforming its peers so far this year.
Another stock in the Finance sector, Amalgamated Financial (AMAL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 58.9%.
Over the past three months, Amalgamated Financial's consensus EPS estimate for the current year has increased 1.6%. 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 46 individual stocks and currently sits at #67 in the Zacks Industry Rank. This group has gained an average of 8.3% so far this year, so ACGL is slightly underperforming its industry in this area.
Amalgamated Financial, however, belongs to the Financial - SBIC & Commercial Industry industry. Currently, this 37-stock industry is ranked #57. The industry has moved -17% so far this year.
Investors interested in the Finance sector may want to keep a close eye on Arch Capital Group and Amalgamated Financial as they attempt to continue their solid performance.
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Are Finance Stocks Lagging Arch Capital Group (ACGL) 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. Arch Capital Group (ACGL - 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? 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.
Arch Capital Group is a member of the Finance sector. This group includes 890 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ACGL's full-year earnings has moved 4.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ACGL has returned 6.7% so far this year. Meanwhile, stocks in the Finance group have gained about 3.5% on average. This shows that Arch Capital Group is outperforming its peers so far this year.
Another stock in the Finance sector, Amalgamated Financial (AMAL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 58.9%.
Over the past three months, Amalgamated Financial's consensus EPS estimate for the current year has increased 1.6%. 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 46 individual stocks and currently sits at #67 in the Zacks Industry Rank. This group has gained an average of 8.3% so far this year, so ACGL is slightly underperforming its industry in this area.
Amalgamated Financial, however, belongs to the Financial - SBIC & Commercial Industry industry. Currently, this 37-stock industry is ranked #57. The industry has moved -17% so far this year.
Investors interested in the Finance sector may want to keep a close eye on Arch Capital Group and Amalgamated Financial as they attempt to continue their solid performance.