Has American International Group (AIG) Outpaced Other Finance Stocks This Year?
Investors focused on the Finance space have likely heard of American International Group (AIG), 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 #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. 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 12.69% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AIG has returned about 33.04% since the start of the calendar year. Meanwhile, stocks in the Finance group have gained about 10.57% on average. As we can see, American International Group is performing better than its sector in the calendar year.
Looking more specifically, AIG belongs to the Insurance - Multi line industry, which includes 27 individual stocks and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 10.81% so far this year, so AIG is performing better in this area.
AIG will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.