Sectors & Industries Financial ServicesInsurance - Property & Casualty
Best Property & Casualty Insurance Stocks to Buy Now (2023)
Top property & casualty insurance stocks in 2023 ranked by overall Zen Score. See the best property & casualty insurance stocks to buy now, according to analyst forecasts for the insurance - property & casualty industry.

Industry: Insurance - Property & Ca...

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
PLMR	PALOMAR HOLDINGS INC	NASDAQ	Insurance - Property & Casualty	$1.26B	$51.00	-1.22%	$82.69M	21.98x	2.74
MKL	MARKEL GROUP INC	NYSE	Insurance - Property & Casualty	$20.24B	$1,526.22	0.01%	$3.03B	10.92x	2.64
AFG	AMERICAN FINANCIAL GROUP INC	NYSE	Insurance - Property & Casualty	$9.62B	$113.33	0.03%	$1.24B	11.31x	6.28
TRV	TRAVELERS COMPANIES INC	NYSE	Insurance - Property & Casualty	$38.43B	$167.84	0.00%	$2.75B	17.67x	4.52
CINF	CINCINNATI FINANCIAL CORP	NASDAQ	Insurance - Property & Casualty	$16.73B	$106.64	-0.35%	$1.84B	12.49x	1.84
WTM	WHITE MOUNTAINS INSURANCE GROUP LTD	NYSE	Insurance - Property & Casualty	$3.94B	$1,537.91	-1.30%	$1.24B	3.78x	1.08
SIGI	SELECTIVE INSURANCE GROUP INC	NASDAQ	Insurance - Property & Casualty	$6.39B	$105.49	0.44%	$415.68M	23.55x	3.20
RLI	RLI CORP	NYSE	Insurance - Property & Casualty	$6.36B	$139.42	-0.41%	$903.59M	8.87x	2.75
CB	CHUBB LTD	NYSE	Insurance - Property & Casualty	$87.17B	$212.23	-0.40%	$8.11B	15.13x	2.89
KNSL	KINSALE CAPITAL GROUP INC	NYSE	Insurance - Property & Casualty	$9.86B	$425.70	-0.10%	$294.46M	42.66x	2.75
PGR	PROGRESSIVE CORP	NYSE	Insurance - Property & Casualty	$83.36B	$142.42	-0.59%	$2.73B	48.77x	3.96
WRB	BERKLEY W R CORP	NYSE	Insurance - Property & Casualty	$16.72B	$64.91	0.00%	$1.75B	14.11x	4.12
L	LOEWS CORP	NYSE	Insurance - Property & Casualty	$14.59B	$64.69	0.29%	$2.48B	12.32x	4.24
SAFT	SAFETY INSURANCE GROUP INC	NASDAQ	Insurance - Property & Casualty	$1.03B	$69.73	0.10%	$54.19M	28.93x	1.54
CNA	CNA FINANCIAL CORP	NYSE	Insurance - Property & Casualty	$10.90B	$40.26	-0.35%	$1.36B	11.44x	6.23
GBLI	GLOBAL INDEMNITY GROUP LLC	NYSE	Insurance - Property & Casualty	$463.91M	$34.31	-0.56%	$56.21M	13.09x	1.83
SKWD	SKYWARD SPECIALTY INSURANCE GROUP INC	NASDAQ	Insurance - Property & Casualty	$1.05B	$27.76	-2.49%	N/A	19.14x	4.37
HGTY	HAGERTY INC	NYSE	Insurance - Property & Casualty	$2.74B	$8.17	-0.61%	$61.63M	62.85x	16.24
DGICA	DONEGAL GROUP INC	NASDAQ	Insurance - Property & Casualty	$493.82M	$14.90	-0.40%	$4.23M	N/A	3.71
UVE	UNIVERSAL INSURANCE HOLDINGS INC	NYSE	Insurance - Property & Casualty	$406.98M	$13.53	1.05%	$23.76M	67.65x	7.72
CNFR	CONIFER HOLDINGS INC	NASDAQ	Insurance - Property & Casualty	$14.42M	$1.18	-9.23%	-$9.37M	-6.21x	16.59
KMPR	KEMPER CORP	NYSE	Insurance - Property & Casualty	$2.77B	$43.29	-1.37%	-$29.20M	-8.96x	4.21
HMN	HORACE MANN EDUCATORS CORP	NYSE	Insurance - Property & Casualty	$1.20B	$29.46	-0.91%	$36.80M	-113.31x	11.41
STC	STEWART INFORMATION SERVICES CORP	NYSE	Insurance - Property & Casualty	$1.21B	$44.37	0.73%	$142.88M	23.85x	0.97
NODK	NI HOLDINGS INC	NASDAQ	Insurance - Property & Casualty	$271.53M	$13.02	1.68%	-$26.81M	-12.89x	1.86
ALL	ALLSTATE CORP	NYSE	Insurance - Property & Casualty	$30.14B	$115.24	1.01%	-$2.33B	-11.12x	5.49
THG	HANOVER INSURANCE GROUP INC	NYSE	Insurance - Property & Casualty	$4.04B	$113.11	0.60%	-$76.80M	-43.50x	5.34
MCY	MERCURY GENERAL CORP	NYSE	Insurance - Property & Casualty	$1.57B	$28.37	0.28%	-$177.76M	-8.18x	3.78
LMND	LEMONADE INC	NYSE	Insurance - Property & Casualty	$814.64M	$11.69	-2.83%	-$268.50M	-2.79x	1.09
PRA	PROASSURANCE CORP	NYSE	Insurance - Property & Casualty	$989.23M	$19.00	0.00%	$61.42M	105.56x	4.05
HCI	HCI GROUP INC	NYSE	Insurance - Property & Casualty	$449.68M	$52.32	3.58%	-$3.07M	-21.71x	7.66
DOMA	DOMA HOLDINGS INC	NYSE	Insurance - Property & Casualty	$56.44M	$4.20	3.70%	-$237.23M	-0.20x	26.34
HALL	HALLMARK FINANCIAL SERVICES INC	NASDAQ	Insurance - Property & Casualty	$3.82M	$2.10	10.53%	-$77.13M	-0.04x	99.88
ARGO	ARGO GROUP INTERNATIONAL HOLDINGS LTD	NYSE	Insurance - Property & Casualty	$1.05B	$29.76	0.03%	-$189.80M	-5.20x	5.63
UFCS	UNITED FIRE GROUP INC	NASDAQ	Insurance - Property & Casualty	$509.33M	$20.16	1.72%	-$68.19M	-8.73x	3.46
KINS	KINGSTONE COMPANIES INC	NASDAQ	Insurance - Property & Casualty	$20.11M	$1.87	7.47%	-$10.00M	-1.47x	8.70
HRTG	HERITAGE INSURANCE HOLDINGS INC	NYSE	Insurance - Property & Casualty	$134.44M	$5.26	4.78%	$12.61M	-9.56x	13.67
ACIC	AMERICAN COASTAL INSURANCE CORP	NASDAQ	Insurance - Property & Casualty	$389.79M	$8.98	20.70%	-$42.11M	-4.65x	11.86
ROOT	ROOT INC	NASDAQ	Insurance - Property & Casualty	$143.55M	$9.90	-2.94%	-$153.80M	-0.68x	4.05

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in Sep 2023?

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

1. Palomar Holdings (NASDAQ:PLMR)

Palomar Holdings (NASDAQ:PLMR) is the top property & casualty insurance stock with a Zen Score of 55, which is 28 points higher than the property & casualty insurance industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Palomar Holdings has seen its stock lose -38.75% over the past year, underperforming other property & casualty insurance stocks by -65 percentage points.

Palomar Holdings has an average 1 year price target of $62.20, an upside of 21.96% from Palomar Holdings's current stock price of $51.00.

Palomar Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Palomar Holdings, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Markel Group (NYSE:MKL)

Markel Group (NYSE:MKL) is the second best property & casualty insurance stock with a Zen Score of 49, which is 22 points higher than the property & casualty insurance industry average of 27. It passed 16 out of 33 due diligence checks and has strong fundamentals. Markel Group has seen its stock return 42.65% over the past year, overperforming other property & casualty insurance stocks by 17 percentage points.

Markel Group has an average 1 year price target of $1,650.00, an upside of 8.11% from Markel Group's current stock price of $1,526.22.

Markel Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Markel Group, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. American Financial Group (NYSE:AFG)

American Financial Group (NYSE:AFG) is the third best property & casualty insurance stock with a Zen Score of 48, which is 21 points higher than the property & casualty insurance industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. American Financial Group has seen its stock lose -5.61% over the past year, underperforming other property & casualty insurance stocks by -31 percentage points.

American Financial Group has an average 1 year price target of $135.00, an upside of 19.12% from American Financial Group's current stock price of $113.33.

American Financial Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering American Financial Group, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the property & casualty insurance stocks with highest dividends?

Out of 24 property & casualty insurance stocks that have issued dividends in the past year, the 3 property & casualty insurance stocks with the highest dividend yields are:

1. Kingstone Companies (NASDAQ:KINS)

Kingstone Companies (NASDAQ:KINS) has an annual dividend yield of N/A, which is N/A percentage points lower than the property & casualty insurance industry average of 3.06%. Kingstone Companies's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Kingstone Companies's dividend has not shown consistent growth over the last 10 years.

Kingstone Companies's dividend payout ratio of -3.1% indicates that its dividend yield might not be sustainable for the long-term.

2. American Financial Group (NYSE:AFG)

American Financial Group (NYSE:AFG) has an annual dividend yield of 7.52%, which is 4 percentage points higher than the property & casualty insurance industry average of 3.06%. American Financial Group's dividend payout is not stable, having dropped more than 10% nineteen times in the last 10 years. American Financial Group's dividend has shown consistent growth over the last 10 years.

American Financial Group's dividend payout ratio of 85% indicates that its high dividend yield is sustainable for the long-term.

3. Cna Financial (NYSE:CNA)

Cna Financial (NYSE:CNA) has an annual dividend yield of 7.1%, which is 4 percentage points higher than the property & casualty insurance industry average of 3.06%. Cna Financial's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Cna Financial's dividend has shown consistent growth over the last 10 years.

Cna Financial's dividend payout ratio of 80.7% indicates that its high dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks down?

Property & casualty insurance stocks were down -0.35% in the last day, and down -0.24% over the last week.

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

What are the most undervalued property & casualty insurance stocks?

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

1. Markel Group (NYSE:MKL)

Markel Group (NYSE:MKL) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Markel Group has a valuation score of 71, which is 44 points higher than the property & casualty insurance industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Markel Group's stock has gained 42.65% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 17 percentage points.

2. Global Indemnity Group (NYSE:GBLI)

Global Indemnity Group (NYSE:GBLI) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Global Indemnity Group has a valuation score of 71, which is 44 points higher than the property & casualty insurance industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Global Indemnity Group's stock has gained 53.98% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 28 percentage points.

3. White Mountains Insurance Group (NYSE:WTM)

White Mountains Insurance Group (NYSE:WTM) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. White Mountains Insurance Group has a valuation score of 71, which is 44 points higher than the property & casualty insurance industry average of 27. It passed 5 out of 7 valuation due diligence checks.

White Mountains Insurance Group's stock has gained 30.67% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 5 percentage points.

Are property & casualty insurance stocks a good buy now?

57.14% of property & casualty insurance stocks rated by analysts are a buy right now. On average, analysts expect property & casualty insurance stocks to rise by 11.63% over the next year.

What is the average p/e ratio of the insurance - property & casualty industry?

The average P/E ratio of the insurance - property & casualty industry is 19.75x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.