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Sectors & IndustriesFinancial ServicesInsurance - Property & Casualty
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
$6.17B$101.70-1.40%$517.25M17.33x3.00
CINF
CINCINNATI FINANCIAL CORP
NASDAQ
Insurance - Property & Casualty
$18.54B$118.44-1.23%$3.12B7.83x1.67
PLMR
PALOMAR HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$2.02B$81.15-0.28%$111.92M25.44x2.62
HCI
HCI GROUP INC
NYSE
Insurance - Property & Casualty
$1.16B$116.082.16%$126.73M12.71x4.27
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.44B$35.96-0.77%$124.02M15.37x3.47
TRV
TRAVELERS COMPANIES INC
NYSE
Insurance - Property & Casualty
$49.00B$213.990.26%$4.20B15.75x4.09
KNSL
KINSALE CAPITAL GROUP INC
NYSE
Insurance - Property & Casualty
$10.55B$453.09-1.20%$444.92M29.77x2.44
HMN
HORACE MANN EDUCATORS CORP
NYSE
Insurance - Property & Casualty
$1.50B$36.76-1.24%$109.20M33.72x10.95
AFG
AMERICAN FINANCIAL GROUP INC
NYSE
Insurance - Property & Casualty
$10.77B$128.71-0.78%$1.23B12.79x6.00
MCY
MERCURY GENERAL CORP
NYSE
Insurance - Property & Casualty
$3.01B$54.30-1.67%$195.84M31.21x3.59
PGR
PROGRESSIVE CORP
NYSE
Insurance - Property & Casualty
$123.03B$210.07-1.00%$5.47B31.78x3.37
CB
CHUBB LTD
NYSE
Insurance - Property & Casualty
$99.80B$245.961.21%$10.52B11.20x2.81
MKL
MARKEL GROUP INC
NYSE
Insurance - Property & Casualty
$19.02B$1,450.95-0.78%$2.99B9.85x2.64
CNA
CNA FINANCIAL CORP
NYSE
Insurance - Property & Casualty
$11.83B$43.66-1.29%$1.72B9.83x5.54
L
LOEWS CORP
NYSE
Insurance - Property & Casualty
$16.98B$76.41-0.52%$2.80B12.13x3.99
RLI
RLI CORP
NYSE
Insurance - Property & Casualty
$6.70B$146.59-0.76%$429.92M20.05x2.51
UVE
UNIVERSAL INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$588.00M$20.300.20%$102.19M9.06x5.79
THG
HANOVER INSURANCE GROUP INC
NYSE
Insurance - Property & Casualty
$4.71B$131.35-0.96%$83.30M132.68x4.93
DGICA
DONEGAL GROUP INC
NASDAQ
Insurance - Property & Casualty
$462.50M$13.85-1.07%$10.01M98.93x3.72
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
NYSE
Insurance - Property & Casualty
$4.56B$1,784.110.97%$538.60M8.98x0.90
SAFT
SAFETY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.17B$79.05-3.23%$31.88M61.76x1.60
HGTY
HAGERTY INC
NYSE
Insurance - Property & Casualty
$2.96B$8.81-1.23%$71.49M46.37x11.81
WRB
BERKLEY W R CORP
NYSE
Insurance - Property & Casualty
$19.99B$77.910.08%$1.86B15.28x3.99
ACIC
AMERICAN COASTAL INSURANCE CORP
NASDAQ
Insurance - Property & Casualty
$522.93M$10.940.37%$342.19M1.54x5.28
ROOT
ROOT INC
NASDAQ
Insurance - Property & Casualty
$914.84M$62.664.40%-$88.70M-6.12x6.46
HRTG
HERITAGE INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$315.18M$10.43-0.67%$71.90M6.03x8.78
ALL
ALLSTATE CORP
NYSE
Insurance - Property & Casualty
$45.34B$172.340.04%$760.00M-143.62x4.83
NODK
NI HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$306.14M$14.85-1.72%-$3.23M-57.12x1.62
STC
STEWART INFORMATION SERVICES CORP
NYSE
Insurance - Property & Casualty
$1.69B$61.64-2.08%$127.89M55.04x0.97
LMND
LEMONADE INC
NYSE
Insurance - Property & Casualty
$1.24B$17.661.44%-$209.80M-5.19x1.30
GBLI
GLOBAL INDEMNITY GROUP LLC
NYSE
Insurance - Property & Casualty
$426.11M$31.380.06%$39.18M17.05x1.67
UFCS
UNITED FIRE GROUP INC
NASDAQ
Insurance - Property & Casualty
$566.72M$22.42-1.28%-$25.95M-19.00x3.29
KMPR
KEMPER CORP
NYSE
Insurance - Property & Casualty
$3.78B$58.71-2.80%$66.80M-13.81x4.09
KINS
KINGSTONE COMPANIES INC
NASDAQ
Insurance - Property & Casualty
$44.36M$4.03-4.05%-$389.56k-7.07x8.21
DOMA
DOMA HOLDINGS INC
NYSE
Insurance - Property & Casualty
$84.02M$6.05-0.33%-$91.38M-0.65x-10.27
PRA
PROASSURANCE CORP
NYSE
Insurance - Property & Casualty
$695.75M$13.65-2.29%$10.02M-18.70x4.07
CNFR
CONIFER HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$11.81M$0.970.00%-$23.02M-0.46x106.93

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 6.54% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 7.67% from Selective Insurance Group's current stock price of $101.70.

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. Cincinnati Financial (NASDAQ:CINF)


Cincinnati Financial (NASDAQ:CINF) is the second best property & casualty insurance stock with a Zen Score of 54, which is 24 points higher than the property & casualty insurance industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cincinnati Financial has seen its stock return 14.38% over the past year, underperforming other property & casualty insurance stocks by -7 percentage points.

Cincinnati Financial has an average 1 year price target of $123.75, an upside of 4.48% from Cincinnati Financial's current stock price of $118.44.

Cincinnati Financial stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Cincinnati Financial, 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.

3. Palomar Holdings (NASDAQ:PLMR)


Palomar Holdings (NASDAQ:PLMR) is the third 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 56.21% over the past year, overperforming other property & casualty insurance stocks by 35 percentage points.

Palomar Holdings has an average 1 year price target of $87.50, an upside of 7.83% from Palomar Holdings's current stock price of $81.15.

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.

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 2.57%. 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 8.47%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.57%. 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 5.25%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.57%. American Financial Group's dividend payout is not stable, having dropped more than 10% twenty 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 down?

Property & casualty insurance stocks were down -0.15% in the last day, and up 1.95% 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. 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 41 points higher than the property & casualty insurance industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Selective Insurance Group's stock has gained 6.54% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -15 percentage points.

2. Cincinnati Financial (NASDAQ:CINF)


Cincinnati Financial (NASDAQ:CINF) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Cincinnati Financial has a valuation score of 71, which is 41 points higher than the property & casualty insurance industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Cincinnati Financial's stock has gained 14.38% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -7 percentage points.

3. Horace Mann Educators (NYSE:HMN)


Horace Mann Educators (NYSE:HMN) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Horace Mann Educators has a valuation score of 57, which is 27 points higher than the property & casualty insurance industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Horace Mann Educators's stock has gained 16.15% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -5 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 4.68% 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 4.44x.
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.