For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Jackson Financial (JXN) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Jackson Financial is a member of our Finance group, which includes 867 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Jackson Financial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for JXN's full-year earnings has moved 2.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, JXN has returned 14.1% so far this year. Meanwhile, the Finance sector has returned an average of 13.7% on a year-to-date basis. This means that Jackson Financial is outperforming the sector as a whole this year.
Another Finance stock, which has outperformed the sector so far this year, is Credicorp (BAP). The stock has returned 40.1% year-to-date.
The consensus estimate for Credicorp's current year EPS has increased 3.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Jackson Financial belongs to the Insurance - Life Insurance industry, a group that includes 16 individual companies and currently sits at #68 in the Zacks Industry Rank. On average, this group has gained an average of 1.5% so far this year, meaning that JXN is performing better in terms of year-to-date returns.
Credicorp, however, belongs to the Banks - Foreign industry. Currently, this 67-stock industry is ranked #94. The industry has moved +37.6% so far this year.
Going forward, investors interested in Finance stocks should continue to pay close attention to Jackson Financial and Credicorp as they could maintain their solid performance.
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Jackson Financial Inc. (JXN): Free Stock Analysis Report Credicorp Ltd. (BAP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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