The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Acadian Asset Management (AAMI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Acadian Asset Management is a member of the Finance sector. This group includes 830 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. Acadian Asset Management is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAMI's full-year earnings has moved 6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AAMI has gained about 51.4% so far this year. Meanwhile, stocks in the Finance group have gained about 3.6% on average. This means that Acadian Asset Management is performing better than its sector in terms of year-to-date returns.
Another Finance stock, which has outperformed the sector so far this year, is Chubb (CB). The stock has returned 10% year-to-date.
Over the past three months, Chubb's consensus EPS estimate for the current year has increased 1.8%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Acadian Asset Management belongs to the Financial - Miscellaneous Services industry, a group that includes 107 individual stocks and currently sits at #101 in the Zacks Industry Rank. On average, this group has lost an average of 10.4% so far this year, meaning that AAMI is performing better in terms of year-to-date returns.
Chubb, however, belongs to the Insurance - Property and Casualty industry. Currently, this 39-stock industry is ranked #94. The industry has moved +0.4% so far this year.
Investors interested in the Finance sector may want to keep a close eye on Acadian Asset Management and Chubb as they attempt to continue their solid performance.
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Acadian Asset Management Inc. (AAMI): Free Stock Analysis Report
Chubb Limited (CB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).