The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cincinnati Financial (CINF) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Cincinnati Financial is a member of the Finance sector. This group includes 843 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. CINF is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CINF's full-year earnings has moved 7.73% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CINF has moved about 39.37% on a year-to-date basis. In comparison, Finance companies have returned an average of 17.51%. This means that Cincinnati Financial is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CINF belongs to the Insurance - Property and Casualty industry, which includes 42 individual stocks and currently sits at #164 in the Zacks Industry Rank. This group has gained an average of 9.75% so far this year, so CINF is performing better in this area.
Investors in the Finance sector will want to keep a close eye on CINF as it attempts to continue its solid performance.
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