Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Reinsurance Group (RGA) 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.
Reinsurance Group is one of 890 companies in the Finance group. The Finance group currently sits at #6 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Reinsurance Group is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RGA's full-year earnings has moved 10.5% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, RGA has gained about 21% so far this year. Meanwhile, stocks in the Finance group have gained about 2.2% on average. This means that Reinsurance Group is outperforming the sector as a whole this year.
Enact Holdings, Inc. (ACT) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.1%.
In Enact Holdings, Inc.'s case, the consensus EPS estimate for the current year increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Reinsurance Group belongs to the Insurance - Life Insurance industry, a group that includes 19 individual companies and currently sits at #191 in the Zacks Industry Rank. This group has gained an average of 15.5% so far this year, so RGA is performing better in this area.
On the other hand, Enact Holdings, Inc. belongs to the Insurance - Multi line industry. This 49-stock industry is currently ranked #91. The industry has moved -1.6% year to date.
Investors with an interest in Finance stocks should continue to track Reinsurance Group and Enact Holdings, Inc.. These stocks will be looking to continue their solid performance.
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Reinsurance Group of America, Incorporated (RGA): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).