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Are Financial Stocks Lagging Brown & Brown (BRO) This Year?
For those looking to find strong financial stocks, it is prudent to look for companies in the group that outperform their peers. Was Brown & Brown (BRO) one of those stocks this year? By looking at the stock’s year-to-date performance compared to its financial peers, we may be able to answer this question.
Brown & Brown is a member of the financial industry. This group includes 855 individual stocks and currently sits at #10 in the Zacks Sector. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that have the right characteristics to beat the market over the next one to three months. Brown & Brown is currently sporting a Zacks Rank of #2 (Buy).
Over the past quarter, the Zacks Consensus Estimate for BRO’s full-year earnings has moved up 5.8%. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
According to our most recent data, BRO moved around 25.7% year to date. In comparison, financial companies had an average return of 4.8%. This shows that Brown & Brown is outperforming its peers so far this year.
Another financial sector stock, Centerspace (CSR), has outperformed the sector so far this year. The share’s accumulated return for the year is 19.7%.
For Centerspace, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Brown & Brown belongs to the Insurance – Brokerage industry, a group that includes 9 individual stocks and currently sits at #81 in the Zacks Industry Rank. This group has gained an average of 11.3% so far this year, so BRO is performing better in this area.
Centerspace, however, is owned by REIT and Equity Trust – Indústria Residencial. This 24-stock industry is currently ranked 181st. The industry has moved +1.6% so far this year.
Investors interested in the financial sector may want to keep an eye on Brown & Brown and Centerspace as they try to continue their solid performance.
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(BRO): Free Stock Analysis Report
Centerspace (CSR): Free Stock Analysis Report
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