Is Cigna (CI) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Cigna (CI) 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? One simple way to answer this question is to take a look at the year-to-date performance of CI and the rest of the Finance group's stocks.
Cigna is one of 867 individual stocks in the Finance sector. Collectively, these companies sit at #8 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. CI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CI's full-year earnings has moved 3.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CI has moved about 3.99% on a year-to-date basis. At the same time, Finance stocks have lost an average of 5.35%. This means that Cigna is outperforming the sector as a whole this year.
Looking more specifically, CI belongs to the Insurance - Multi line industry, a group that includes 27 individual stocks and currently sits at #160 in the Zacks Industry Rank. Stocks in this group have lost about 12.51% so far this year, so CI is performing better this group in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track CI. The stock will be looking to continue its solid performance.
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