Is Acadian Asset Management Inc. (AAMI) Delivering Better Results Than Other Financial Stocks This Year?

Top Finance Stocks: Acadian Asset Management's Performance

For those seeking standout companies within the Finance sector, it's important to identify stocks that are outperforming their peers. One such candidate is Acadian Asset Management (AAMI). By comparing its year-to-date results with other Finance stocks, we can gauge its current standing.

Acadian Asset Management is among 850 stocks in the Finance sector, which currently holds the #3 spot in the Zacks Sector Rank. This ranking system evaluates 16 sectors based on the average Zacks Rank of their constituent stocks, ordering them from strongest to weakest.

The Zacks Rank is a trusted tool for pinpointing stocks with the potential to outperform the market in the coming months. It focuses on changes in earnings estimates and favors companies with improving profit outlooks. At present, Acadian Asset Management has earned a Zacks Rank of #2 (Buy).

In the last quarter, analysts have raised their consensus estimate for AAMI's annual earnings by 2.1%, signaling growing optimism and a brighter earnings forecast for the stock.

Recent data shows that AAMI has advanced roughly 15.7% since the start of the year, while the Finance sector as a whole has seen an average decline of about 0.4%. This demonstrates that Acadian Asset Management is outperforming its sector peers in terms of returns.

Other Notable Finance Stocks

Another Finance stock showing strength this year is Allstate (ALL), which has achieved a 0.8% gain year-to-date.

Over the past three months, Allstate's consensus earnings estimate for the current year has risen by 4%. The stock is currently rated Zacks Rank #1 (Strong Buy).

Industry Breakdown

Acadian Asset Management is part of the Financial - Miscellaneous Services industry, which includes 103 stocks and is ranked #78 by Zacks. This group has declined about 11.6% year-to-date, making AAMI's performance notably better within its industry.

Allstate, on the other hand, belongs to the Insurance - Property and Casualty industry, which comprises 41 stocks and holds the #70 rank. Since the beginning of the year, this industry has dropped by 1.4%.

Both Acadian Asset Management and Allstate have shown resilience and could continue to deliver strong results. Investors interested in Finance stocks should keep these companies on their radar.

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