Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has HCI Group (HCI) been one of those stocks this year? 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.
HCI Group is one of 863 individual stocks in the Finance sector. Collectively, these companies sit at #2 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 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).
The Zacks Consensus Estimate for HCI's full-year earnings has moved 24% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, HCI has gained about 46% so far this year. Meanwhile, stocks in the Finance group have gained about 15.5% on average. This means that HCI Group is performing better than its sector in terms of year-to-date returns.
Another stock in the Finance sector, CBOE Global (CBOE), has outperformed the sector so far this year. The stock's year-to-date return is 29.4%.
For CBOE Global, the consensus EPS estimate for the current year has increased 5.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, HCI Group belongs to the Insurance - Property and Casualty industry, which includes 41 individual stocks and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 9.5% so far this year, so HCI is performing better in this area.
In contrast, CBOE Global falls under the Securities and Exchanges industry. Currently, this industry has 9 stocks and is ranked #31. Since the beginning of the year, the industry has moved +6.8%.
Investors interested in the Finance sector may want to keep a close eye on HCI Group and CBOE Global as they attempt to continue their solid performance.
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HCI Group, Inc. (HCI): Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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