Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is HCI Group (HCI) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
HCI Group is a member of the Finance sector. This group includes 868 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. HCI Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HCI's full-year earnings has moved 10.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HCI has returned about 63.3% since the start of the calendar year. At the same time, Finance stocks have gained an average of 11.4%. This means that HCI Group is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Banco Bradesco (BBD). The stock is up 70.7% year-to-date.
Over the past three months, Banco Bradesco's consensus EPS estimate for the current year has increased 7.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, HCI Group belongs to the Insurance - Property and Casualty industry, a group that includes 41 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has gained an average of 5.9% so far this year, so HCI is performing better in this area.
On the other hand, Banco Bradesco belongs to the Banks - Foreign industry. This 67-stock industry is currently ranked #91. The industry has moved +36% year to date.
Investors interested in the Finance sector may want to keep a close eye on HCI Group and Banco Bradesco as they attempt to continue their solid performance.
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HCI Group, Inc. (HCI): Free Stock Analysis Report Banco Bradesco SA (BBD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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