The Finance sector boasts numerous promising stocks, but it’s crucial for investors to seek out companies that consistently outshine their competitors. Has Arthur J. Gallagher (AJG) been among these standout stocks this year? Let’s examine its year-to-date performance for more insight.
Arthur J. Gallagher belongs to the Finance sector, which comprises 870 individual stocks and currently holds a Zacks Sector Rank of #1. This ranking measures the overall strength of 16 sector groups by assessing the average Zacks Rank of the stocks within those groups.
The Zacks Rank focuses on earnings estimates and adjustments to identify stocks with improving earnings prospects. Historically, this system has proven successful, with these stocks typically positioned to outperform the market in the coming one to three months. Presently, Arthur J. Gallagher holds a Zacks Rank of #2 (Buy).
In the last three months, the Zacks Consensus Estimate for AJG’s full-year earnings has increased by 2.4%. This indicates a positive shift in analyst sentiment and a favorable earnings outlook.
According to the latest data, AJG has risen approximately 14.5% this year. In contrast, Finance companies have averaged a return of 5.5%. This demonstrates that Arthur J. Gallagher is leading its peers in performance thus far.
Another Finance stock that has outperformed the sector this year is Citigroup (C), with a year-to-date increase of 15.6%.
In the last three months, Citigroup’s consensus EPS estimate for the current year has gone up by 5.1%. The stock is currently rated as Zacks Rank #1 (Strong Buy).
Delving deeper, Arthur J. Gallagher is part of the Insurance – Brokerage industry, which consists of 9 companies and is currently ranked #67 in the Zacks Industry Rank. On average, stocks in this industry have grown by 8.7% this year, indicating AJG’s superior year-to-date returns.
In contrast, Citigroup is categorized under the Financial – Investment Bank industry, comprising 21 stocks and holding a #3 rank. This industry has experienced a +10.3% increase thus far this year.
Investors focused on the Finance sector should closely monitor both Arthur J. Gallagher and Citigroup as they strive to maintain their commendable performance.
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Arthur J. Gallagher & Co. (AJG): Free Stock Analysis Report
Citigroup Inc. (C): Free Stock Analysis Report
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