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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	$100.40	$80.93	24.06%	17.10x	13.18x	1.44x	2.06x	0.72x	$736.28M	12.09%	$2.95B	48.72	$6.58B	12.72
PLMR	PALOMAR HOLDINGS INC	$76.90	$52.40	46.75%	24.11x	17.13x	5.08x	4.06x	0.77x	$109.35M	5.73%	$471.25M	18.99	$1.91B	17.09
HCI	HCI GROUP INC	$109.91	$123.02	-10.66%	12.04x	N/A	1.99x	3.38x	0.53x	$224.16M	20.44%	$324.84M	32.55	$767.01M	6.05
KNSL	KINSALE CAPITAL GROUP INC	$451.41	N/A	N/A	33.76x	47.12x	8.50x	9.63x	N/A	$853.23M	8.20%	$1.09B	47.16	$10.52B	26.47
CINF	CINCINNATI FINANCIAL CORP	$115.30	N/A	N/A	9.82x	17.50x	1.80x	1.49x	N/A	$2.03B	11.26%	$12.10B	77.22	$18.03B	7.38
SKWD	SKYWARD SPECIALTY INSURANCE GROUP INC	$34.66	$36.17	-4.17%	14.81x	N/A	1.41x	2.10x	0.52x	$335.08M	26.83%	$661.03M	18.35	$1.41B	11.41
TRV	TRAVELERS COMPANIES INC	$206.58	$172.04	20.07%	15.20x	11.71x	1.10x	1.89x	0.74x	$8.16B	17.24%	$25.02B	109.27	$54.67B	13.02
HMN	HORACE MANN EDUCATORS CORP	$34.48	$79.98	-56.89%	31.63x	9.32x	0.95x	1.20x	0.16x	$302.10M	21.22%	$1.18B	28.46	$1.93B	17.64
AFG	AMERICAN FINANCIAL GROUP INC	$124.57	$110.82	12.41%	12.38x	10.40x	1.35x	2.45x	0.78x	$1.90B	18.02%	$4.26B	50.27	$10.67B	8.70
CB	CHUBB LTD	$243.53	N/A	N/A	11.08x	12.70x	1.99x	1.66x	N/A	$12.63B	12.78%	$59.51B	146.66	$113.83B	10.82
PGR	PROGRESSIVE CORP	$209.12	$65.15	220.98%	31.64x	27.55x	1.97x	6.04x	2.54x	$10.44B	8.53%	$20.28B	34.67	$129.27B	23.62
MCY	MERCURY GENERAL CORP	$52.03	$38.19	36.26%	29.90x	18.92x	0.62x	1.86x	0.64x	$446.05M	15.48%	$1.55B	27.96	$2.92B	14.90
L	LOEWS CORP	$73.14	$76.25	-4.07%	11.61x	N/A	1.05x	1.03x	0.61x	$3.22B	19.36%	$15.70B	69.04	$24.86B	8.88
RLI	RLI CORP	$135.70	N/A	N/A	20.31x	33.10x	4.09x	4.38x	N/A	$458.37M	7.41%	$1.41B	31.00	$6.26B	15.92
CNA	CNA FINANCIAL CORP	$42.81	$33.69	27.06%	9.64x	N/A	0.87x	1.17x	1.61x	$2.20B	18.90%	$9.89B	36.47	$14.28B	8.31
MKL	MARKEL GROUP INC	$1,428.51	$933.59	53.01%	9.70x	N/A	1.19x	1.25x	4.00x	$2.53B	13.50%	$14.98B	1,142.94	$18.18B	6.07
UVE	UNIVERSAL INSURANCE HOLDINGS INC	$18.78	N/A	N/A	8.38x	N/A	0.40x	1.59x	N/A	$66.99M	11.96%	$341.30M	11.44	$260.64M	2.55
THG	HANOVER INSURANCE GROUP INC	$126.61	$353.59	-64.19%	127.89x	9.54x	0.75x	1.84x	0.13x	$349.80M	7.74%	$2.47B	69.06	$5.00B	60.05
DGICA	DONEGAL GROUP INC	$13.38	N/A	N/A	95.57x	N/A	0.48x	0.93x	N/A	$28.58M	6.40%	$479.75M	14.37	$458.01M	45.76
WTM	WHITE MOUNTAINS INSURANCE GROUP LTD	$1,705.05	$1.65k	3.12%	8.59x	N/A	2.01x	1.03x	1.06x	$404.10M	9.28%	$4.24B	1,659.57	$4.80B	8.91
SAFT	SAFETY INSURANCE GROUP INC	$78.22	N/A	N/A	61.11x	N/A	1.23x	1.44x	N/A	$50.33M	4.39%	$804.27M	54.85	$1.17B	36.66
HRTG	HERITAGE INSURANCE HOLDINGS INC	$9.27	$14.13	-34.40%	5.36x	N/A	0.33x	1.27x	0.70x	$60.53M	24.93%	$220.28M	8.41	-$45.02M	-0.63
HGTY	HAGERTY INC	$8.62	N/A	N/A	45.37x	N/A	0.73x	31.21x	N/A	$107.30M	14.79%	$92.70M	1.10	$2.35B	32.88
WRB	BERKLEY W R CORP	$80.71	N/A	N/A	15.83x	15.92x	1.71x	2.78x	N/A	$2.88B	13.89%	$7.46B	29.06	$22.19B	11.94
ACIC	AMERICAN COASTAL INSURANCE CORP	$10.29	N/A	N/A	1.45x	205.80x	1.57x	2.91x	N/A	-$135.57M	-30.22%	$168.77M	3.87	$469.49M	1.37
ROOT	ROOT INC	$53.72	N/A	N/A	-5.25x	-4.15x	1.70x	4.73x	N/A	-$43.00M	-5.56%	$165.70M	11.51	$403.61M	-4.55
ALL	ALLSTATE CORP	$162.92	N/A	N/A	-135.77x	11.29x	0.75x	2.41x	N/A	$3.99B	9.32%	$17.77B	67.70	$50.08B	65.89
NODK	NI HOLDINGS INC	$14.70	N/A	N/A	-56.54x	N/A	0.85x	1.21x	N/A	$25.14M	8.08%	$250.40M	11.83	$246.35M	-76.22
LMND	LEMONADE INC	$15.74	N/A	N/A	-4.63x	-3.88x	2.55x	1.56x	N/A	-$128.30M	-11.70%	$708.90M	10.18	$848.73M	-4.05
STC	STEWART INFORMATION SERVICES CORP	$58.64	N/A	N/A	52.36x	N/A	0.72x	1.17x	N/A	$46.31M	2.89%	$1.37B	50.25	$1.96B	15.31
GBLI	GLOBAL INDEMNITY GROUP LLC	$32.50	N/A	N/A	17.66x	N/A	0.83x	0.68x	N/A	$42.89M	9.74%	$648.75M	47.87	$416.01M	10.62
UFCS	UNITED FIRE GROUP INC	$21.61	N/A	N/A	-18.31x	N/A	0.50x	0.74x	N/A	$190.55M	34.88%	$733.75M	29.03	$494.20M	-19.04
KMPR	KEMPER CORP	$56.42	N/A	N/A	-13.28x	14.28x	0.73x	1.45x	N/A	-$189.00M	-5.21%	$2.51B	38.95	$4.95B	74.17
KINS	KINGSTONE COMPANIES INC	$4.19	N/A	N/A	-7.35x	N/A	0.31x	1.34x	N/A	-$13.15M	-29.19%	$34.50M	3.21	$62.39M	-160.15
DOMA	DOMA HOLDINGS INC	$6.04	N/A	N/A	-0.65x	N/A	0.26x	-3.24x	N/A	-$84.68M	-105.07%	-$25.91M	-1.94	$175.64M	-1.92
PRA	PROASSURANCE CORP	$12.87	N/A	N/A	-17.63x	9.53x	0.60x	0.59x	N/A	-$54.68M	-8.07%	$1.11B	21.12	$1.03B	103.28
CNFR	CONIFER HOLDINGS INC	$1.05	N/A	N/A	-0.50x	3.00x	0.13x	4.44x	N/A	-$11.06M	-86.19%	$2.89M	0.24	$26.77M	-1.16

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 3.85% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 9.06% from Selective Insurance Group's current stock price of $100.40.

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 43.2% over the past year, overperforming other property & casualty insurance stocks by 24 percentage points.

Palomar Holdings has an average 1 year price target of $87.50, an upside of 13.78% from Palomar Holdings's current stock price of $76.90.

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 115.51% over the past year, overperforming other property & casualty insurance stocks by 96 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 16.91% from Hci Group's current stock price of $109.91.

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 2.66%. 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 8.64%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.66%. 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 5.43%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.66%. 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 down?

Property & casualty insurance stocks were down -0.78% in the last day, and down -2.98% over the last week. Travelers Companies was the among the top losers in the insurance - property & casualty industry, dropping -7.41% yesterday.

The Travelers Companies shares are trading lower following Q1 earnings.

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 3.85% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -16 percentage points.

2. Heritage Insurance Holdings (NYSE:HRTG)

Heritage Insurance Holdings (NYSE:HRTG) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Heritage Insurance Holdings 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.

Heritage Insurance Holdings's stock has gained 202.94% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 183 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 3.61% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -16 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 6.97% 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 5.72x.

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. Palomar Holdings (NASDAQ:PLMR)

3. Hci Group (NYSE:HCI)

1. Proassurance (NYSE:PRA)

2. Cna Financial (NYSE:CNA)

3. American Financial Group (NYSE:AFG)

1. Selective Insurance Group (NASDAQ:SIGI)

2. Heritage Insurance Holdings (NYSE:HRTG)

3. Horace Mann Educators (NYSE:HMN)

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