Are Finance Stocks Lagging Enact Holdings (ACT) This Year?

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Enact Holdings, Inc. (ACT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Enact Holdings, Inc. is one of 868 individual stocks in the Finance sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Enact Holdings, Inc. is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for ACT's full-year earnings has moved 2.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, ACT has moved about 1.6% on a year-to-date basis. Meanwhile, stocks in the Finance group have lost about 1.3% on average. This shows that Enact Holdings, Inc. is outperforming its peers so far this year.Another stock in the Finance sector, Erie Indemnity (ERIE), has outperformed the sector so far this year. The stock's year-to-date return is 1.5%.For Erie Indemnity, the consensus EPS estimate for the current year has increased 0.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Enact Holdings, Inc. belongs to the Insurance - Multi line industry, which includes 41 individual stocks and currently sits at #55 in the Zacks Industry Rank. On average, stocks in this group have gained 0.6% this year, meaning that ACT is performing better in terms of year-to-date returns.In contrast, Erie Indemnity falls under the Insurance - Brokerage industry. Currently, this industry has 9 stocks and is ranked #141. Since the beginning of the year, the industry has moved +9.2%.Investors with an interest in Finance stocks should continue to track Enact Holdings, Inc. and Erie Indemnity. These stocks will be looking to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enact Holdings, Inc. (ACT): Free Stock Analysis Report Erie Indemnity Company (ERIE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks