The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is MetLife (MET - 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.
MetLife is one of 843 individual stocks in the Finance sector. Collectively, these companies sit at #6 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. MET is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MET's full-year earnings has moved 1.30% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, MET has returned 1.10% so far this year. Meanwhile, stocks in the Finance group have gained about 0.49% on average. As we can see, MetLife is performing better than its sector in the calendar year.
Looking more specifically, MET belongs to the Insurance - Multi line industry, a group that includes 26 individual stocks and currently sits at #112 in the Zacks Industry Rank. On average, this group has gained an average of 0.66% so far this year, meaning that MET is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track MET. The stock will be looking to continue its solid performance.