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Is American International Group (AIG) Outperforming Other Finance Stocks This Year?

Zacks Equity Research

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 854 individual stocks in the Finance sector. Collectively, these companies sit at #7 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 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. AIG is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for AIG's full-year earnings has moved 12.69% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, AIG has moved about 35.37% on a year-to-date basis. In comparison, Finance companies have returned an average of 11.07%. This shows that American International Group is outperforming its peers so far this year.

Breaking things down more, AIG is a member of the Insurance - Multi line industry, which includes 27 individual companies and currently sits at #29 in the Zacks Industry Rank. On average, this group has gained an average of 13.34% so far this year, meaning that AIG is performing better in terms of year-to-date returns.

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


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