Investors focused on the Finance space have likely heard of American International Group (AIG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
American International Group is one of 856 individual stocks in the Finance sector. Collectively, these companies sit at #15 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 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. AIG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AIG's full-year earnings has moved 12.59% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AIG has returned about 41.41% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 13.55% on a year-to-date basis. This means that American International Group is performing better than its sector in terms of year-to-date returns.
To break things down more, AIG belongs to the Insurance - Multi line industry, a group that includes 28 individual companies and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 16.38% so far this year, so AIG is performing better in this area.
Investors in the Finance sector will want to keep a close eye on AIG as it attempts to continue its solid performance.