Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Arch Capital Group (ACGL - 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.
Arch Capital Group is one of 853 individual stocks in the Finance sector. Collectively, these companies sit at #9 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 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. ACGL is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ACGL's full-year earnings has moved 5.54% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ACGL has gained about 57.07% so far this year. Meanwhile, the Finance sector has returned an average of 13.60% on a year-to-date basis. This means that Arch Capital Group is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ACGL belongs to the Insurance - Property and Casualty industry, which includes 41 individual stocks and currently sits at #34 in the Zacks Industry Rank. Stocks in this group have gained about 6.73% so far this year, so ACGL is performing better this group in terms of year-to-date returns.
ACGL will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.