Investors focused on the Finance space have likely heard of American Equity Investment Life Holding (AEL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 Equity Investment Life Holding is a member of the Finance sector. This group includes 819 individual stocks and currently holds a Zacks Sector Rank of #11. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AEL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AEL's full-year earnings has moved 3.50% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AEL has moved about 21.28% on a year-to-date basis. Meanwhile, the Finance sector has returned an average of 0.17% on a year-to-date basis. As we can see, American Equity Investment Life Holding is performing better than its sector in the calendar year.
Breaking things down more, AEL is a member of the Insurance - Life Insurance industry, which includes 14 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has lost an average of 11.59% so far this year, meaning that AEL is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track AEL. The stock will be looking to continue its solid performance.