Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is The Allstate (ALL - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
The Allstate is one of 847 companies in the Finance group. The Finance group currently sits at #9 within 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ALL is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ALL's full-year earnings has moved 7.67% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ALL has returned about 27.86% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 10.33% on average. This means that The Allstate is outperforming the sector as a whole this year.
Looking more specifically, ALL belongs to the Insurance - Property and Casualty industry, which includes 42 individual stocks and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have gained about 4.96% so far this year, so ALL is performing better this group in terms of year-to-date returns.
ALL will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.