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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...
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
SIGI
SELECTIVE INSURANCE GROUP INC
57
71
57
56
40
60
CINF
CINCINNATI FINANCIAL CORP
54
71
57
0
60
80
PLMR
PALOMAR HOLDINGS INC
53
43
43
78
50
–
HCI
HCI GROUP INC
52
43
43
33
60
80
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
46
57
43
22
60
–

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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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.
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