Investors focused on the Finance space have likely heard of The Allstate (ALL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 a member of our Finance group, which includes 843 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 6.27% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ALL has moved about 28.09% on a year-to-date basis. At the same time, Finance stocks have gained an average of 17.28%. 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 #141 in the Zacks Industry Rank. This group has gained an average of 9.82% so far this year, so ALL is performing better in this area.
Going forward, investors interested in Finance stocks should continue to pay close attention to ALL as it looks to continue its solid performance.