Sectors & IndustriesFinancial ServicesInsurance - Life

Best Property & Casualty Insurance Stocks to Buy Now (2024)

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

According to Zen Score, the 3 best property & casualty insurance stocks to buy right now are:

Manulife Financial (NYSE:MFC) is the top property & casualty insurance stock with a Zen Score of 55, which is 22 points higher than the property & casualty insurance industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 35.35% over the past year, underperforming other property & casualty insurance stocks by -8 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 33.84% from Manulife Financial's current stock price of $26.15.

Manulife Financial stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Manulife Financial, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Lincoln National (NYSE:LNC) is the second best property & casualty insurance stock with a Zen Score of 54, which is 21 points higher than the property & casualty insurance industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lincoln National has seen its stock return 53.06% over the past year, overperforming other property & casualty insurance stocks by 10 percentage points.

Lincoln National has an average 1 year price target of $30.38, an upside of 1.35% from Lincoln National's current stock price of $29.97.

Lincoln National stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Lincoln National, 12.5% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.

Aflac (NYSE:AFL) is the third best property & casualty insurance stock with a Zen Score of 53, which is 20 points higher than the property & casualty insurance industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Aflac has seen its stock return 32.36% over the past year, underperforming other property & casualty insurance stocks by -11 percentage points.

Aflac has an average 1 year price target of $83.89, a downside of -4.1% from Aflac's current stock price of $87.48.

Aflac stock has a consensus Hold recommendation according to Wall Street analysts. Of the 9 analysts covering Aflac, 11.11% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% have issued a hold, while 11.11% have issued a Sell rating, and 11.11% have issued a Strong Sell.

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

Lincoln National (NYSE:LNC) has an annual dividend yield of 6.01%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.43%. Lincoln National's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Lincoln National's dividend has shown consistent growth over the last 10 years.

Lincoln National's dividend payout ratio of 24.3% indicates that its high dividend yield is sustainable for the long-term.

Manulife Financial (NYSE:MFC) has an annual dividend yield of 4.61%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.43%. Manulife Financial's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Manulife Financial's dividend has shown consistent growth over the last 10 years.

Manulife Financial's dividend payout ratio of 70.6% indicates that its high dividend yield is sustainable for the long-term.

Prudential Financial (NYSE:PRU) has an annual dividend yield of 4.22%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.43%. Prudential Financial's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Prudential Financial's dividend has shown consistent growth over the last 10 years.

Prudential Financial's dividend payout ratio of 86% indicates that its dividend yield is sustainable for the long-term.

Property & casualty insurance stocks were up 0.23% in the last day, and up 1.46% over the last week.

We couldn't find a catalyst for why property & casualty insurance stocks are up.

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

Manulife Financial (NYSE:MFC) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Manulife Financial has a valuation score of 71, which is 36 points higher than the property & casualty insurance industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 35.35% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -8 percentage points.

Lincoln National (NYSE:LNC) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Lincoln National has a valuation score of 71, which is 36 points higher than the property & casualty insurance industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Lincoln National's stock has gained 53.06% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 10 percentage points.

Aflac (NYSE:AFL) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Aflac has a valuation score of 57, which is 22 points higher than the property & casualty insurance industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Aflac's stock has gained 32.36% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -11 percentage points.