Is Allstate (ALL) Stock Outpacing Its Finance Peers This Year?

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Allstate (ALL) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Allstate is a member of our Finance group, which includes 871 different companies and currently sits at #1 in the Zacks Sector Rank. 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 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. Allstate is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for ALL's full-year earnings has moved 7.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, ALL has returned 48.7% so far this year. In comparison, Finance companies have returned an average of 25.6%. As we can see, Allstate is performing better than its sector in the calendar year.Another stock in the Finance sector, Credicorp (BAP), has outperformed the sector so far this year. The stock's year-to-date return is 27.6%.For Credicorp, the consensus EPS estimate for the current year has increased 1.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Allstate is a member of the Insurance - Property and Casualty industry, which includes 40 individual companies and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 34.9% so far this year, so ALL is performing better in this area.On the other hand, Credicorp belongs to the Banks - Foreign industry. This 66-stock industry is currently ranked #63. The industry has moved +12.6% year to date.Allstate and Credicorp could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want 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 The Allstate Corporation (ALL): Free Stock Analysis Report Credicorp Ltd. (BAP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks