Sectors & IndustriesFinancial ServicesInsurance - Specialty

Best Specialty Insurance Stocks to Buy Now (2024)

Top specialty insurance stocks in 2024 ranked by overall Zen Score. See the best specialty insurance stocks to buy now, according to analyst forecasts for the insurance - specialty industry.

According to Zen Score, the 3 best specialty insurance stocks to buy right now are:

Axis Capital Holdings (NYSE:AXS) is the top specialty insurance stock with a Zen Score of 54, which is 19 points higher than the specialty insurance industry average of 35. It passed 19 out of 38 due diligence checks and has strong fundamentals. Axis Capital Holdings has seen its stock return 31.33% over the past year, overperforming other specialty insurance stocks by 13 percentage points.

Axis Capital Holdings has an average 1 year price target of $74.33, an upside of 5.74% from Axis Capital Holdings's current stock price of $70.30.

Axis Capital Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Axis Capital Holdings, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

Investors Title Co (NASDAQ:ITIC) is the second best specialty insurance stock with a Zen Score of 47, which is 12 points higher than the specialty insurance industry average of 35. It passed 16 out of 38 due diligence checks and has strong fundamentals. Investors Title Co has seen its stock return 26.23% over the past year, overperforming other specialty insurance stocks by 8 percentage points.

Essent Group (NYSE:ESNT) is the third best specialty insurance stock with a Zen Score of 46, which is 11 points higher than the specialty insurance industry average of 35. It passed 16 out of 38 due diligence checks and has strong fundamentals. Essent Group has seen its stock return 18.75% over the past year, overperforming other specialty insurance stocks by 1 percentage points.

Essent Group has an average 1 year price target of $61.00, an upside of 10.85% from Essent Group's current stock price of $55.03.

Essent Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Essent Group, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 12 specialty insurance stocks that have issued dividends in the past year, the 3 specialty insurance stocks with the highest dividend yields are:

Amerisafe (NASDAQ:AMSF) has an annual dividend yield of 11.43%, which is 9 percentage points higher than the specialty insurance industry average of 2.7%. Amerisafe's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Amerisafe's dividend has shown consistent growth over the last 10 years.

Amerisafe's dividend payout ratio of 151.4% indicates that its high dividend yield might not be sustainable for the long-term.

Fidelity National Financial (NYSE:FNF) has an annual dividend yield of 3.82%, which is 1 percentage points higher than the specialty insurance industry average of 2.7%. Fidelity National Financial's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Fidelity National Financial's dividend has shown consistent growth over the last 10 years.

Fidelity National Financial's dividend payout ratio of 61% indicates that its dividend yield is sustainable for the long-term.

Investors Title Co (NASDAQ:ITIC) has an annual dividend yield of 3.4%, which is 1 percentage points higher than the specialty insurance industry average of 2.7%. Investors Title Co's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Investors Title Co's dividend has shown consistent growth over the last 10 years.

Investors Title Co's dividend payout ratio of 44.1% indicates that its dividend yield is sustainable for the long-term.

Specialty insurance stocks were down -0.84% in the last day, and down -2.6% over the last week.

We couldn't find a catalyst for why specialty insurance stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued specialty insurance stocks right now are:

Enact Holdings (NASDAQ:ACT) is the most undervalued specialty insurance stock based on WallStreetZen's Valuation Score. Enact Holdings has a valuation score of 71, which is 30 points higher than the specialty insurance industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Enact Holdings's stock has gained 14.35% in the past year. It has underperformed other stocks in the specialty insurance industry by -3 percentage points.

Axis Capital Holdings (NYSE:AXS) is the second most undervalued specialty insurance stock based on WallStreetZen's Valuation Score. Axis Capital Holdings has a valuation score of 71, which is 30 points higher than the specialty insurance industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Axis Capital Holdings's stock has gained 31.33% in the past year. It has overperformed other stocks in the specialty insurance industry by 13 percentage points.

Icc Holdings (NASDAQ:ICCH) is the third most undervalued specialty insurance stock based on WallStreetZen's Valuation Score. Icc Holdings has a valuation score of 71, which is 30 points higher than the specialty insurance industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Icc Holdings's stock has gained 37.43% in the past year. It has overperformed other stocks in the specialty insurance industry by 20 percentage points.