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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...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
PLMR
PALOMAR HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$1.26B$51.00-1.22%$82.69M21.98x2.74
MKL
MARKEL GROUP INC
NYSE
Insurance - Property & Casualty
$20.24B$1,526.220.01%$3.03B10.92x2.64
AFG
AMERICAN FINANCIAL GROUP INC
NYSE
Insurance - Property & Casualty
$9.62B$113.330.03%$1.24B11.31x6.28
TRV
TRAVELERS COMPANIES INC
NYSE
Insurance - Property & Casualty
$38.43B$167.840.00%$2.75B17.67x4.52
CINF
CINCINNATI FINANCIAL CORP
NASDAQ
Insurance - Property & Casualty
$16.73B$106.64-0.35%$1.84B12.49x1.84
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
NYSE
Insurance - Property & Casualty
$3.94B$1,537.91-1.30%$1.24B3.78x1.08
SIGI
SELECTIVE INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$6.39B$105.490.44%$415.68M23.55x3.20
RLI
RLI CORP
NYSE
Insurance - Property & Casualty
$6.36B$139.42-0.41%$903.59M8.87x2.75
CB
CHUBB LTD
NYSE
Insurance - Property & Casualty
$87.17B$212.23-0.40%$8.11B15.13x2.89
KNSL
KINSALE CAPITAL GROUP INC
NYSE
Insurance - Property & Casualty
$9.86B$425.70-0.10%$294.46M42.66x2.75
PGR
PROGRESSIVE CORP
NYSE
Insurance - Property & Casualty
$83.36B$142.42-0.59%$2.73B48.77x3.96
WRB
BERKLEY W R CORP
NYSE
Insurance - Property & Casualty
$16.72B$64.910.00%$1.75B14.11x4.12
L
LOEWS CORP
NYSE
Insurance - Property & Casualty
$14.59B$64.690.29%$2.48B12.32x4.24
SAFT
SAFETY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.03B$69.730.10%$54.19M28.93x1.54
CNA
CNA FINANCIAL CORP
NYSE
Insurance - Property & Casualty
$10.90B$40.26-0.35%$1.36B11.44x6.23
GBLI
GLOBAL INDEMNITY GROUP LLC
NYSE
Insurance - Property & Casualty
$463.91M$34.31-0.56%$56.21M13.09x1.83
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.05B$27.76-2.49%N/A19.14x4.37
HGTY
HAGERTY INC
NYSE
Insurance - Property & Casualty
$2.74B$8.17-0.61%$61.63M62.85x16.24
DGICA
DONEGAL GROUP INC
NASDAQ
Insurance - Property & Casualty
$493.82M$14.90-0.40%$4.23MN/A3.71
UVE
UNIVERSAL INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$406.98M$13.531.05%$23.76M67.65x7.72
CNFR
CONIFER HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$14.42M$1.18-9.23%-$9.37M-6.21x16.59
KMPR
KEMPER CORP
NYSE
Insurance - Property & Casualty
$2.77B$43.29-1.37%-$29.20M-8.96x4.21
HMN
HORACE MANN EDUCATORS CORP
NYSE
Insurance - Property & Casualty
$1.20B$29.46-0.91%$36.80M-113.31x11.41
STC
STEWART INFORMATION SERVICES CORP
NYSE
Insurance - Property & Casualty
$1.21B$44.370.73%$142.88M23.85x0.97
NODK
NI HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$271.53M$13.021.68%-$26.81M-12.89x1.86
ALL
ALLSTATE CORP
NYSE
Insurance - Property & Casualty
$30.14B$115.241.01%-$2.33B-11.12x5.49
THG
HANOVER INSURANCE GROUP INC
NYSE
Insurance - Property & Casualty
$4.04B$113.110.60%-$76.80M-43.50x5.34
MCY
MERCURY GENERAL CORP
NYSE
Insurance - Property & Casualty
$1.57B$28.370.28%-$177.76M-8.18x3.78
LMND
LEMONADE INC
NYSE
Insurance - Property & Casualty
$814.64M$11.69-2.83%-$268.50M-2.79x1.09
PRA
PROASSURANCE CORP
NYSE
Insurance - Property & Casualty
$989.23M$19.000.00%$61.42M105.56x4.05
HCI
HCI GROUP INC
NYSE
Insurance - Property & Casualty
$449.68M$52.323.58%-$3.07M-21.71x7.66
DOMA
DOMA HOLDINGS INC
NYSE
Insurance - Property & Casualty
$56.44M$4.203.70%-$237.23M-0.20x26.34
HALL
HALLMARK FINANCIAL SERVICES INC
NASDAQ
Insurance - Property & Casualty
$3.82M$2.1010.53%-$77.13M-0.04x99.88
ARGO
ARGO GROUP INTERNATIONAL HOLDINGS LTD
NYSE
Insurance - Property & Casualty
$1.05B$29.760.03%-$189.80M-5.20x5.63
UFCS
UNITED FIRE GROUP INC
NASDAQ
Insurance - Property & Casualty
$509.33M$20.161.72%-$68.19M-8.73x3.46
KINS
KINGSTONE COMPANIES INC
NASDAQ
Insurance - Property & Casualty
$20.11M$1.877.47%-$10.00M-1.47x8.70
HRTG
HERITAGE INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$134.44M$5.264.78%$12.61M-9.56x13.67
ACIC
AMERICAN COASTAL INSURANCE CORP
NASDAQ
Insurance - Property & Casualty
$389.79M$8.9820.70%-$42.11M-4.65x11.86
ROOT
ROOT INC
NASDAQ
Insurance - Property & Casualty
$143.55M$9.90-2.94%-$153.80M-0.68x4.05

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.