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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 - property & casualty industry.

Industry: Insurance - Property & Ca...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
SIGI
SELECTIVE INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$6.15B$101.421.02%$517.25M17.28x3.00
PLMR
PALOMAR HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$1.93B$77.771.13%$111.92M24.38x2.62
HCI
HCI GROUP INC
NYSE
Insurance - Property & Casualty
$1.10B$110.510.55%$126.73M12.10x4.27
KNSL
KINSALE CAPITAL GROUP INC
NYSE
Insurance - Property & Casualty
$10.48B$451.920.11%$397.59M33.80x2.47
CINF
CINCINNATI FINANCIAL CORP
NASDAQ
Insurance - Property & Casualty
$18.41B$117.521.93%$2.44B10.01x1.71
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.41B$35.261.73%$124.02M15.07x3.47
TRV
TRAVELERS COMPANIES INC
NYSE
Insurance - Property & Casualty
$48.18B$210.421.86%$4.20B15.48x4.09
HMN
HORACE MANN EDUCATORS CORP
NYSE
Insurance - Property & Casualty
$1.45B$35.402.67%$109.20M32.48x10.95
AFG
AMERICAN FINANCIAL GROUP INC
NYSE
Insurance - Property & Casualty
$10.49B$125.410.67%$1.23B12.47x6.00
MCY
MERCURY GENERAL CORP
NYSE
Insurance - Property & Casualty
$2.92B$52.671.23%$195.84M30.27x3.59
PGR
PROGRESSIVE CORP
NYSE
Insurance - Property & Casualty
$122.85B$209.750.30%$5.47B31.73x3.37
CB
CHUBB LTD
NYSE
Insurance - Property & Casualty
$99.57B$245.390.76%$10.52B11.17x2.81
L
LOEWS CORP
NYSE
Insurance - Property & Casualty
$16.41B$73.840.96%$2.80B11.72x3.99
RLI
RLI CORP
NYSE
Insurance - Property & Casualty
$6.26B$137.091.02%$393.11M20.52x2.67
MKL
MARKEL GROUP INC
NYSE
Insurance - Property & Casualty
$18.83B$1,436.130.53%$2.99B9.75x2.64
CNA
CNA FINANCIAL CORP
NYSE
Insurance - Property & Casualty
$11.74B$43.341.24%$1.72B9.76x5.54
UVE
UNIVERSAL INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$550.06M$18.991.12%$102.19M8.48x5.79
THG
HANOVER INSURANCE GROUP INC
NYSE
Insurance - Property & Casualty
$4.56B$127.210.47%$83.30M128.49x4.93
DGICA
DONEGAL GROUP INC
NASDAQ
Insurance - Property & Casualty
$455.49M$13.641.94%$10.01M97.43x3.72
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
NYSE
Insurance - Property & Casualty
$4.45B$1,742.072.17%$538.60M8.77x0.90
SAFT
SAFETY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.17B$78.870.83%$31.88M61.62x1.60
WRB
BERKLEY W R CORP
NYSE
Insurance - Property & Casualty
$20.78B$80.980.33%$1.86B15.88x3.99
HGTY
HAGERTY INC
NYSE
Insurance - Property & Casualty
$2.92B$8.700.93%$71.49M45.79x11.81
ACIC
AMERICAN COASTAL INSURANCE CORP
NASDAQ
Insurance - Property & Casualty
$493.77M$10.330.39%$342.19M1.45x5.28
ROOT
ROOT INC
NASDAQ
Insurance - Property & Casualty
$750.88M$51.43-4.26%-$88.70M-5.02x6.46
HRTG
HERITAGE INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$286.78M$9.492.37%$71.90M5.49x8.78
ALL
ALLSTATE CORP
NYSE
Insurance - Property & Casualty
$44.49B$169.113.80%$760.00M-140.93x4.83
NODK
NI HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$302.63M$14.68-0.14%-$3.23M-56.46x1.62
STC
STEWART INFORMATION SERVICES CORP
NYSE
Insurance - Property & Casualty
$1.63B$59.200.95%$127.89M52.86x0.97
LMND
LEMONADE INC
NYSE
Insurance - Property & Casualty
$1.10B$15.73-0.06%-$209.80M-4.63x1.30
GBLI
GLOBAL INDEMNITY GROUP LLC
NYSE
Insurance - Property & Casualty
$441.32M$32.500.00%$39.18M17.66x1.67
UFCS
UNITED FIRE GROUP INC
NASDAQ
Insurance - Property & Casualty
$556.86M$22.031.94%-$25.95M-18.67x3.29
KMPR
KEMPER CORP
NYSE
Insurance - Property & Casualty
$3.67B$57.001.03%$66.80M-13.41x4.09
KINS
KINGSTONE COMPANIES INC
NASDAQ
Insurance - Property & Casualty
$43.92M$3.99-4.77%-$389.56k-7.00x8.21
DOMA
DOMA HOLDINGS INC
NYSE
Insurance - Property & Casualty
$83.88M$6.040.00%-$91.38M-0.65x-10.27
PRA
PROASSURANCE CORP
NYSE
Insurance - Property & Casualty
$666.69M$13.081.63%$10.02M-17.92x4.07
CNFR
CONIFER HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$12.83M$1.050.00%-$23.02M-0.50x106.93

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in Apr 2024?

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

1. Selective Insurance Group (NASDAQ:SIGI)


Selective Insurance Group (NASDAQ:SIGI) is the top property & casualty insurance stock with a Zen Score of 57, which is 27 points higher than the property & casualty insurance industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Selective Insurance Group has seen its stock return 5.8% over the past year, underperforming other property & casualty insurance stocks by -14 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 7.97% from Selective Insurance Group's current stock price of $101.42.

Selective Insurance Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Selective Insurance 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.

2. Palomar Holdings (NASDAQ:PLMR)


Palomar Holdings (NASDAQ:PLMR) is the second best property & casualty insurance stock with a Zen Score of 53, which is 23 points higher than the property & casualty insurance industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Palomar Holdings has seen its stock return 48.53% over the past year, overperforming other property & casualty insurance stocks by 29 percentage points.

Palomar Holdings has an average 1 year price target of $87.50, an upside of 12.51% from Palomar Holdings's current stock price of $77.77.

Palomar Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Palomar Holdings, 50% have issued a Strong Buy rating, 16.67% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Hci Group (NYSE:HCI)


Hci Group (NYSE:HCI) is the third best property & casualty insurance stock with a Zen Score of 52, which is 22 points higher than the property & casualty insurance industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Hci Group has seen its stock return 113.42% over the past year, overperforming other property & casualty insurance stocks by 94 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 16.28% from Hci Group's current stock price of $110.51.

Hci Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Hci Group, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% 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. Proassurance (NYSE:PRA)


Proassurance (NYSE:PRA) has an annual dividend yield of N/A, which is N/A percentage points lower than the property & casualty insurance industry average of 2.63%. Proassurance's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Proassurance's dividend has not shown consistent growth over the last 10 years.

Proassurance's dividend payout ratio of -6.8% indicates that its dividend yield might not be sustainable for the long-term.

2. Cna Financial (NYSE:CNA)


Cna Financial (NYSE:CNA) has an annual dividend yield of 8.54%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.63%. Cna Financial's dividend payout is not stable, having dropped more than 10% eight 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 64.9% indicates that its high dividend yield is sustainable for the long-term.

3. American Financial Group (NYSE:AFG)


American Financial Group (NYSE:AFG) has an annual dividend yield of 5.39%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.63%. 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 66.4% indicates that its high dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 1.17% in the last day, and up 0.21% over the last week.

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

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. Selective Insurance Group (NASDAQ:SIGI)


Selective Insurance Group (NASDAQ:SIGI) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Selective Insurance Group has a valuation score of 71, which is 42 points higher than the property & casualty insurance industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Selective Insurance Group's stock has gained 5.8% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -14 percentage points.

2. Loews (NYSE:L)


Loews (NYSE:L) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Loews has a valuation score of 57, which is 28 points higher than the property & casualty insurance industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Loews's stock has gained 28.4% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 9 percentage points.

3. Heritage Insurance Holdings (NYSE:HRTG)


Heritage Insurance Holdings (NYSE:HRTG) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Heritage Insurance Holdings has a valuation score of 57, which is 28 points higher than the property & casualty insurance industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Heritage Insurance Holdings's stock has gained 204.17% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 184 percentage points.

Are property & casualty insurance stocks a good buy now?

43.33% of property & casualty insurance stocks rated by analysts are a buy right now. On average, analysts expect property & casualty insurance stocks to rise by 6.15% 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 4.93x.
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.