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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...

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
SIGI	SELECTIVE INSURANCE GROUP INC	$96.41	$84.02	14.74%	16.91x	12.65x	1.33x	1.95x	0.64x	$714.03M	12.18%	$3.01B	49.46	$6.35B	12.57
HCI	HCI GROUP INC	$110.87	$123.02	-9.88%	12.14x	N/A	2.01x	3.41x	0.53x	$224.16M	20.26%	$324.84M	32.55	$776.59M	6.13
CINF	CINCINNATI FINANCIAL CORP	$116.94	$158.01	-25.99%	7.73x	17.75x	1.71x	1.45x	0.55x	$2.13B	11.66%	$12.65B	80.83	$18.56B	5.95
MKL	MARKEL GROUP INC	$1,581.06	$2.80k	-43.48%	8.53x	N/A	1.24x	1.31x	0.31x	$2.84B	13.81%	$15.73B	1,209.73	$20.14B	5.46
TRV	TRAVELERS COMPANIES INC	$213.85	$172.66	23.86%	15.74x	12.07x	1.14x	1.96x	0.76x	$8.16B	16.66%	$25.02B	109.27	$56.34B	13.42
HMN	HORACE MANN EDUCATORS CORP	$37.52	$79.98	-53.09%	34.42x	10.14x	1.04x	1.31x	0.18x	$302.10M	19.50%	$1.18B	28.46	$2.05B	18.77
SKWD	SKYWARD SPECIALTY INSURANCE GROUP INC	$37.58	$133.68	-71.89%	13.23x	N/A	1.53x	2.17x	0.11x	$322.49M	21.94%	$692.27M	17.70	$1.51B	9.92
KNSL	KINSALE CAPITAL GROUP INC	$382.37	N/A	N/A	25.12x	39.91x	6.62x	7.60x	N/A	$865.13M	9.79%	$1.17B	50.67	$8.95B	20.11
THG	HANOVER INSURANCE GROUP INC	$133.64	$272.43	-50.95%	29.44x	10.07x	0.78x	1.90x	0.19x	$391.30M	8.18%	$2.52B	70.47	$5.32B	21.75
CB	CHUBB LTD	$248.54	N/A	N/A	10.95x	12.97x	1.96x	1.67x	N/A	$13.60B	13.48%	$60.54B	149.08	$117.12B	10.89
AFG	AMERICAN FINANCIAL GROUP INC	$127.41	$102.02	24.88%	12.17x	10.64x	1.33x	2.52x	1.00x	$1.58B	14.81%	$4.24B	50.66	$11.07B	8.74
PLMR	PALOMAR HOLDINGS INC	$80.82	$45.77	76.58%	22.70x	18.00x	4.96x	4.02x	1.08x	$125.39M	6.24%	$501.66M	20.18	$2.00B	16.18
ALL	ALLSTATE CORP	$168.18	$213.19	-21.11%	36.40x	11.65x	0.76x	2.38x	0.31x	$5.11B	11.53%	$18.64B	70.74	$51.47B	19.68
WRB	BERKLEY W R CORP	$78.56	N/A	N/A	13.81x	15.50x	1.61x	2.58x	N/A	$3.13B	15.60%	$7.78B	30.45	$21.79B	11.07
CNA	CNA FINANCIAL CORP	$44.40	$33.69	31.78%	10.00x	N/A	0.91x	1.22x	1.67x	$2.20B	18.22%	$9.89B	36.47	$14.71B	8.56
PGR	PROGRESSIVE CORP	$208.72	$65.15	220.37%	31.58x	27.50x	1.97x	6.03x	2.53x	$10.44B	8.55%	$20.28B	34.67	$129.03B	23.58
L	LOEWS CORP	$76.40	$76.25	0.20%	12.13x	N/A	1.09x	1.08x	0.64x	$3.22B	18.53%	$15.70B	69.04	$25.58B	9.14
RLI	RLI CORP	$143.57	N/A	N/A	19.64x	35.02x	4.12x	4.32x	N/A	$460.29M	7.02%	$1.52B	33.29	$6.62B	15.39
UVE	UNIVERSAL INSURANCE HOLDINGS INC	$19.81	N/A	N/A	7.65x	N/A	0.40x	1.56x	N/A	$197.60M	34.55%	$364.66M	12.63	$272.57M	2.33
WTM	WHITE MOUNTAINS INSURANCE GROUP LTD	$1,802.57	$1.65k	9.02%	9.08x	N/A	2.13x	1.09x	1.12x	$404.10M	8.77%	$4.24B	1,659.57	$5.05B	9.37
SAFT	SAFETY INSURANCE GROUP INC	$79.40	N/A	N/A	62.03x	N/A	1.25x	1.46x	N/A	$50.33M	4.32%	$804.27M	54.85	$1.19B	37.21
MCY	MERCURY GENERAL CORP	$54.70	N/A	N/A	14.06x	19.89x	0.63x	1.89x	N/A	$617.91M	20.40%	$1.60B	28.97	$3.09B	8.82
HRTG	HERITAGE INSURANCE HOLDINGS INC	$8.15	$14.13	-42.33%	4.71x	N/A	0.29x	1.12x	0.62x	$60.53M	28.36%	$220.28M	8.41	-$78.86M	-1.10
HGTY	HAGERTY INC	$8.92	N/A	N/A	46.95x	N/A	0.75x	32.30x	N/A	$107.30M	14.29%	$92.70M	1.10	$2.45B	34.29
DGICA	DONEGAL GROUP INC	$13.55	N/A	N/A	84.69x	N/A	0.48x	0.93x	N/A	$34.12M	7.54%	$485.09M	14.53	$467.68M	43.27
ACIC	AMERICAN COASTAL INSURANCE CORP	$10.33	N/A	N/A	1.45x	206.60x	1.57x	2.93x	N/A	-$135.57M	-30.11%	$168.77M	3.87	$471.40M	1.38
ROOT	ROOT INC	$56.29	N/A	N/A	-7.22x	-4.34x	1.28x	5.06x	N/A	$55.40M	6.74%	$165.70M	11.35	$496.52M	-9.32
GBLI	GLOBAL INDEMNITY GROUP LLC	$32.31	N/A	N/A	17.56x	N/A	0.83x	0.68x	N/A	$42.89M	9.79%	$648.75M	47.87	$413.43M	10.55
NODK	NI HOLDINGS INC	$14.93	N/A	N/A	-57.42x	N/A	0.86x	1.23x	N/A	$25.14M	7.96%	$250.40M	11.83	$251.09M	-77.69
STC	STEWART INFORMATION SERVICES CORP	$63.11	N/A	N/A	56.35x	N/A	0.78x	1.26x	N/A	$46.31M	2.69%	$1.37B	50.25	$2.08B	16.27
KMPR	KEMPER CORP	$58.98	N/A	N/A	-31.21x	14.93x	0.79x	1.47x	N/A	-$156.50M	-4.12%	$2.59B	40.23	$5.06B	21.07
LMND	LEMONADE INC	$17.38	N/A	N/A	-5.57x	-4.28x	2.69x	1.81x	N/A	-$111.50M	-9.13%	$676.40M	9.62	$968.42M	-5.09
UFCS	UNITED FIRE GROUP INC	$22.64	N/A	N/A	-19.19x	N/A	0.52x	0.78x	N/A	$190.55M	33.30%	$733.75M	29.03	$520.23M	-20.05
KINS	KINGSTONE COMPANIES INC	$4.23	N/A	N/A	-7.42x	N/A	0.32x	1.35x	N/A	-$13.15M	-28.91%	$34.50M	3.21	$62.83M	-161.28
DOMA	DOMA HOLDINGS INC	$6.05	N/A	N/A	-0.65x	N/A	0.26x	-3.24x	N/A	-$84.68M	-104.89%	-$25.91M	-1.94	$175.78M	-1.92
PRA	PROASSURANCE CORP	$13.83	N/A	N/A	-18.95x	10.24x	0.64x	0.63x	N/A	-$54.68M	-7.51%	$1.11B	21.12	$1.08B	108.16
CNFR	CONIFER HOLDINGS INC	$0.91	N/A	N/A	-0.43x	2.60x	0.11x	3.85x	N/A	-$11.06M	-99.45%	$2.89M	0.24	$25.06M	-1.09

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in May 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 64, which is 32 points higher than the property & casualty insurance industry average of 32. It passed 23 out of 38 due diligence checks and has strong fundamentals. Selective Insurance Group has seen its stock lose -3.51% over the past year, underperforming other property & casualty insurance stocks by -28 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 13.58% from Selective Insurance Group's current stock price of $96.41.

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. Hci Group (NYSE:HCI)

Hci Group (NYSE:HCI) is the second best property & casualty insurance stock with a Zen Score of 55, which is 23 points higher than the property & casualty insurance industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Hci Group has seen its stock return 125.9% over the past year, overperforming other property & casualty insurance stocks by 102 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 15.9% from Hci Group's current stock price of $110.87.

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.

3. Cincinnati Financial (NASDAQ:CINF)

Cincinnati Financial (NASDAQ:CINF) is the third best property & casualty insurance stock with a Zen Score of 54, which is 22 points higher than the property & casualty insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cincinnati Financial has seen its stock return 11.97% over the past year, underperforming other property & casualty insurance stocks by -12 percentage points.

Cincinnati Financial has an average 1 year price target of $123.75, an upside of 5.82% from Cincinnati Financial's current stock price of $116.94.

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.

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

Out of 23 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. Cna Financial (NYSE:CNA)

Cna Financial (NYSE:CNA) has an annual dividend yield of 8.33%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.52%. 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.

2. American Financial Group (NYSE:AFG)

American Financial Group (NYSE:AFG) has an annual dividend yield of 5.31%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.52%. 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 64.6% indicates that its high dividend yield is sustainable for the long-term.

3. Safety Insurance Group (NASDAQ:SAFT)

Safety Insurance Group (NASDAQ:SAFT) has an annual dividend yield of 4.53%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.52%. Safety Insurance Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Safety Insurance Group's dividend has shown consistent growth over the last 10 years.

Safety Insurance Group's dividend payout ratio of 210.9% indicates that its high dividend yield might not be sustainable for the long-term.

Why are property & casualty insurance stocks down?

Property & casualty insurance stocks were down -0.11% in the last day, and up 3.3% 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 86, which is 51 points higher than the property & casualty insurance industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Selective Insurance Group's stock has dropped -3.51% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -28 percentage points.

2. Markel Group (NYSE:MKL)

Markel Group (NYSE:MKL) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Markel Group 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.

Markel Group's stock has gained 17.71% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -6 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 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.

Heritage Insurance Holdings's stock has gained 139.71% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 116 percentage points.

Are property & casualty insurance stocks a good buy now?

40% of property & casualty insurance stocks rated by analysts are a buy right now. On average, analysts expect property & casualty insurance stocks to rise by 3.05% 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 19.97x.

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.

Property & Casualty Insurance Stocks FAQ

1. Selective Insurance Group (NASDAQ:SIGI)

2. Hci Group (NYSE:HCI)

3. Cincinnati Financial (NASDAQ:CINF)

1. Cna Financial (NYSE:CNA)

2. American Financial Group (NYSE:AFG)

3. Safety Insurance Group (NASDAQ:SAFT)

1. Selective Insurance Group (NASDAQ:SIGI)

2. Markel Group (NYSE:MKL)

3. Heritage Insurance Holdings (NYSE:HRTG)

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