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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
$6.21B$102.41-0.08%$517.25M17.45x3.00
PLMR
PALOMAR HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$1.99B$79.840.78%$111.92M25.03x2.62
HCI
HCI GROUP INC
NYSE
Insurance - Property & Casualty
$1.13B$113.261.22%$126.73M12.41x4.27
KNSL
KINSALE CAPITAL GROUP INC
NYSE
Insurance - Property & Casualty
$10.74B$463.232.53%$397.59M34.65x2.47
CINF
CINCINNATI FINANCIAL CORP
NASDAQ
Insurance - Property & Casualty
$18.95B$120.960.84%$2.44B10.30x1.71
TRV
TRAVELERS COMPANIES INC
NYSE
Insurance - Property & Casualty
$49.07B$214.270.09%$4.20B15.77x4.09
HMN
HORACE MANN EDUCATORS CORP
NYSE
Insurance - Property & Casualty
$1.49B$36.430.19%$109.20M33.42x10.95
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.46B$36.530.80%$124.02M15.61x3.47
AFG
AMERICAN FINANCIAL GROUP INC
NYSE
Insurance - Property & Casualty
$10.78B$128.850.77%$1.23B12.81x6.00
MCY
MERCURY GENERAL CORP
NYSE
Insurance - Property & Casualty
$3.06B$55.333.17%$195.84M31.80x3.59
PGR
PROGRESSIVE CORP
NYSE
Insurance - Property & Casualty
$124.75B$213.00-0.79%$5.47B32.22x3.37
CB
CHUBB LTD
NYSE
Insurance - Property & Casualty
$102.05B$251.500.52%$10.52B11.45x2.81
RLI
RLI CORP
NYSE
Insurance - Property & Casualty
$6.45B$141.240.73%$393.11M21.14x2.67
MKL
MARKEL GROUP INC
NYSE
Insurance - Property & Casualty
$19.29B$1,471.411.01%$2.99B9.99x2.64
CNA
CNA FINANCIAL CORP
NYSE
Insurance - Property & Casualty
$12.07B$44.560.27%$1.72B10.04x5.54
L
LOEWS CORP
NYSE
Insurance - Property & Casualty
$16.99B$76.481.11%$2.80B12.14x3.99
UVE
UNIVERSAL INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$574.39M$19.831.07%$102.19M8.85x5.79
THG
HANOVER INSURANCE GROUP INC
NYSE
Insurance - Property & Casualty
$4.77B$133.291.69%$83.30M134.64x4.93
DGICA
DONEGAL GROUP INC
NASDAQ
Insurance - Property & Casualty
$461.83M$13.83-1.36%$10.01M98.79x3.72
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
NYSE
Insurance - Property & Casualty
$4.45B$1,742.00-2.75%$538.60M8.77x0.90
SAFT
SAFETY INSURANCE GROUP INC
NASDAQ
Insurance - Property & Casualty
$1.22B$82.440.56%$31.88M64.41x1.60
WRB
BERKLEY W R CORP
NYSE
Insurance - Property & Casualty
$21.40B$83.431.25%$1.86B16.36x3.99
HGTY
HAGERTY INC
NYSE
Insurance - Property & Casualty
$2.95B$8.78-0.79%$71.49M46.21x11.81
ACIC
AMERICAN COASTAL INSURANCE CORP
NASDAQ
Insurance - Property & Casualty
$500.46M$10.47-1.46%$342.19M1.47x5.28
ROOT
ROOT INC
NASDAQ
Insurance - Property & Casualty
$795.26M$54.475.89%-$88.70M-5.32x6.46
HRTG
HERITAGE INSURANCE HOLDINGS INC
NYSE
Insurance - Property & Casualty
$287.08M$9.50-0.84%$71.90M5.49x8.78
ALL
ALLSTATE CORP
NYSE
Insurance - Property & Casualty
$46.14B$175.411.42%$760.00M-146.18x4.83
NODK
NI HOLDINGS INC
NASDAQ
Insurance - Property & Casualty
$305.73M$14.83-2.18%-$3.23M-57.04x1.62
STC
STEWART INFORMATION SERVICES CORP
NYSE
Insurance - Property & Casualty
$1.71B$62.443.17%$127.89M55.75x0.97
LMND
LEMONADE INC
NYSE
Insurance - Property & Casualty
$1.13B$16.161.89%-$209.80M-4.75x1.30
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
$574.30M$22.72-0.35%-$25.95M-19.25x3.29
KMPR
KEMPER CORP
NYSE
Insurance - Property & Casualty
$3.76B$58.380.64%$66.80M-13.74x4.09
KINS
KINGSTONE COMPANIES INC
NASDAQ
Insurance - Property & Casualty
$46.89M$4.265.97%-$389.56k-7.47x8.21
DOMA
DOMA HOLDINGS INC
NYSE
Insurance - Property & Casualty
$83.47M$6.010.00%-$91.38M-0.64x-10.27
PRA
PROASSURANCE CORP
NYSE
Insurance - Property & Casualty
$697.79M$13.692.24%$10.02M-18.75x4.07
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 6.47% 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 6.92% from Selective Insurance Group's current stock price of $102.41.

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. 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 52.08% over the past year, overperforming other property & casualty insurance stocks by 31 percentage points.

Palomar Holdings has an average 1 year price target of $87.50, an upside of 9.59% from Palomar Holdings's current stock price of $79.84.

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 110.83% over the past year, overperforming other property & casualty insurance stocks by 90 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 13.46% from Hci Group's current stock price of $113.26.

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 2.55%. 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 8.3%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.55%. 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 2.55%. 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 -0.06% in the last day, and up 2.8% 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 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 6.47% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -14 percentage points.

2. Horace Mann Educators (NYSE:HMN)


Horace Mann Educators (NYSE:HMN) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Horace Mann Educators 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.

Horace Mann Educators's stock has gained 14.27% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -7 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 176.97% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 156 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 3.45% 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 4.64x.
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.