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Is American Equity Investment Life Holding (AEL) Stock Outpacing Its Finance Peers This Year?

Zacks Equity Research
Wall Street finished in the green reversing its five-day negative trend on Thursday following news that United States and China have ramped up their efforts to resolve lingering trade disputes

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has American Equity Investment Life Holding (AEL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

American Equity Investment Life Holding is a member of our Finance group, which includes 822 different companies and currently sits at #13 in 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AEL is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for AEL's full-year earnings has moved 2.77% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, AEL has returned 19.82% so far this year. In comparison, Finance companies have returned an average of -0.06%. This shows that American Equity Investment Life Holding is outperforming its peers so far this year.

To break things down more, AEL belongs to the Insurance - Life Insurance industry, a group that includes 14 individual companies and currently sits at #36 in the Zacks Industry Rank. This group has lost an average of 11.72% so far this year, so AEL is performing better in this area.

Investors with an interest in Finance stocks should continue to track AEL. The stock will be looking to continue its solid performance.

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