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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	$102.28	$80.93	26.38%	17.42x	13.42x	1.47x	2.10x	0.73x	$736.28M	11.87%	$2.95B	48.72	$6.69B	12.94
HCI	HCI GROUP INC	$114.26	$123.02	-7.12%	12.51x	N/A	2.07x	3.51x	0.55x	$224.16M	19.66%	$324.84M	32.55	$810.42M	6.39
CINF	CINCINNATI FINANCIAL CORP	$117.30	$158.01	-25.76%	7.75x	17.80x	1.72x	1.45x	0.55x	$2.13B	11.62%	$12.65B	80.83	$18.62B	5.97
PLMR	PALOMAR HOLDINGS INC	$79.04	$52.40	50.83%	24.78x	17.60x	5.22x	4.17x	0.79x	$109.35M	5.57%	$471.25M	18.99	$1.97B	17.57
SKWD	SKYWARD SPECIALTY INSURANCE GROUP INC	$35.50	$36.17	-1.85%	15.17x	N/A	1.44x	2.15x	0.53x	$335.08M	26.20%	$661.03M	18.35	$1.45B	11.68
MKL	MARKEL GROUP INC	$1,476.34	$2.80k	-47.22%	7.96x	N/A	1.15x	1.22x	0.29x	$2.84B	14.79%	$15.73B	1,209.73	$18.78B	5.09
TRV	TRAVELERS COMPANIES INC	$213.15	$173.33	22.98%	15.68x	12.02x	1.14x	1.95x	0.76x	$8.16B	16.71%	$25.02B	109.27	$56.17B	13.38
HMN	HORACE MANN EDUCATORS CORP	$37.73	$79.98	-52.83%	34.61x	10.20x	1.04x	1.31x	0.18x	$302.10M	19.39%	$1.18B	28.46	$2.06B	18.85
ALL	ALLSTATE CORP	$171.56	$213.19	-19.53%	37.13x	11.89x	0.77x	2.43x	0.32x	$5.11B	11.30%	$18.64B	70.74	$52.37B	20.02
KNSL	KINSALE CAPITAL GROUP INC	$378.61	N/A	N/A	24.88x	39.52x	6.56x	7.53x	N/A	$865.13M	9.89%	$1.17B	50.67	$8.86B	19.91
CB	CHUBB LTD	$249.93	N/A	N/A	11.01x	13.04x	1.97x	1.68x	N/A	$13.60B	13.40%	$60.54B	149.08	$117.68B	10.94
AFG	AMERICAN FINANCIAL GROUP INC	$128.74	$110.82	16.17%	12.80x	10.75x	1.39x	2.53x	0.81x	$1.90B	17.43%	$4.26B	50.27	$11.02B	8.98
CNA	CNA FINANCIAL CORP	$44.53	$33.69	32.17%	10.03x	N/A	0.91x	1.22x	1.67x	$2.20B	18.17%	$9.89B	36.47	$14.75B	8.59
RLI	RLI CORP	$143.25	N/A	N/A	19.60x	34.94x	4.11x	4.31x	N/A	$460.29M	7.03%	$1.52B	33.29	$6.60B	15.36
PGR	PROGRESSIVE CORP	$211.80	$65.15	225.10%	32.04x	27.91x	1.99x	6.12x	2.57x	$10.44B	8.43%	$20.28B	34.67	$130.84B	23.91
L	LOEWS CORP	$76.28	$76.25	0.04%	12.11x	N/A	1.09x	1.08x	0.64x	$3.22B	18.56%	$15.70B	69.04	$25.55B	9.13
UVE	UNIVERSAL INSURANCE HOLDINGS INC	$20.05	N/A	N/A	7.74x	N/A	0.40x	1.58x	N/A	$197.60M	34.14%	$364.66M	12.63	$279.48M	2.39
WTM	WHITE MOUNTAINS INSURANCE GROUP LTD	$1,823.74	$1.65k	10.30%	9.18x	N/A	2.15x	1.10x	1.13x	$404.10M	8.67%	$4.24B	1,659.57	$5.10B	9.47
THG	HANOVER INSURANCE GROUP INC	$131.15	$353.59	-62.91%	132.47x	9.88x	0.78x	1.91x	0.13x	$349.80M	7.47%	$2.47B	69.06	$5.17B	62.01
WRB	BERKLEY W R CORP	$77.78	N/A	N/A	15.25x	15.34x	1.64x	2.68x	N/A	$2.88B	14.41%	$7.46B	29.06	$21.44B	11.53
MCY	MERCURY GENERAL CORP	$54.29	N/A	N/A	13.96x	19.74x	0.63x	1.87x	N/A	$617.91M	20.56%	$1.60B	28.97	$3.06B	8.76
SAFT	SAFETY INSURANCE GROUP INC	$80.25	N/A	N/A	62.70x	N/A	1.26x	1.48x	N/A	$50.33M	4.28%	$804.27M	54.85	$1.20B	37.60
HGTY	HAGERTY INC	$8.89	N/A	N/A	46.79x	N/A	0.75x	32.19x	N/A	$107.30M	14.34%	$92.70M	1.10	$2.44B	34.15
HRTG	HERITAGE INSURANCE HOLDINGS INC	$10.29	$14.13	-27.18%	5.95x	N/A	0.37x	1.41x	0.78x	$60.53M	22.46%	$220.28M	8.41	-$14.19M	-0.20
DGICA	DONEGAL GROUP INC	$13.50	N/A	N/A	96.43x	N/A	0.49x	0.94x	N/A	$28.58M	6.34%	$479.75M	14.37	$462.02M	46.16
ACIC	AMERICAN COASTAL INSURANCE CORP	$10.69	N/A	N/A	1.50x	213.80x	1.63x	3.03x	N/A	-$135.57M	-29.09%	$168.77M	3.87	$488.61M	1.43
ROOT	ROOT INC	$69.91	N/A	N/A	-8.96x	-5.39x	1.60x	6.29x	N/A	$55.40M	5.43%	$165.70M	11.35	$699.46M	-13.12
GBLI	GLOBAL INDEMNITY GROUP LLC	$31.99	N/A	N/A	17.39x	N/A	0.82x	0.67x	N/A	$42.89M	9.89%	$648.75M	47.87	$409.09M	10.44
NODK	NI HOLDINGS INC	$14.88	N/A	N/A	-57.23x	N/A	0.86x	1.23x	N/A	$25.14M	7.98%	$250.40M	11.83	$250.06M	-77.37
STC	STEWART INFORMATION SERVICES CORP	$61.70	N/A	N/A	55.09x	N/A	0.76x	1.24x	N/A	$46.31M	2.75%	$1.37B	50.25	$2.04B	15.97
KMPR	KEMPER CORP	$58.49	N/A	N/A	-30.95x	14.81x	0.79x	1.45x	N/A	-$156.50M	-4.16%	$2.59B	40.23	$5.03B	20.93
LMND	LEMONADE INC	$17.34	N/A	N/A	-5.56x	-4.27x	2.69x	1.81x	N/A	-$111.50M	-9.15%	$676.40M	9.62	$965.60M	-5.07
UFCS	UNITED FIRE GROUP INC	$22.44	N/A	N/A	-19.02x	N/A	0.52x	0.77x	N/A	$190.55M	33.59%	$733.75M	29.03	$515.18M	-19.85
KINS	KINGSTONE COMPANIES INC	$4.30	N/A	N/A	-7.54x	N/A	0.32x	1.37x	N/A	-$13.15M	-28.44%	$34.50M	3.21	$63.60M	-163.26
DOMA	DOMA HOLDINGS INC	$6.03	N/A	N/A	-0.65x	N/A	0.26x	-3.23x	N/A	-$84.68M	-105.24%	-$25.91M	-1.94	$175.50M	-1.92
PRA	PROASSURANCE CORP	$13.38	N/A	N/A	-18.33x	9.91x	0.62x	0.61x	N/A	-$54.68M	-7.77%	$1.11B	21.12	$1.06B	105.87
CNFR	CONIFER HOLDINGS INC	$0.90	N/A	N/A	-0.42x	2.57x	0.11x	3.81x	N/A	-$11.06M	-100.56%	$2.89M	0.24	$24.94M	-1.08

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 62, which is 31 points higher than the property & casualty insurance industry average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Selective Insurance Group has seen its stock return 4.41% over the past year, underperforming other property & casualty insurance stocks by -17 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 7.06% from Selective Insurance Group's current stock price of $102.28.

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 24 points higher than the property & casualty insurance industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Hci Group has seen its stock return 125.85% over the past year, overperforming other property & casualty insurance stocks by 105 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 12.46% from Hci Group's current stock price of $114.26.

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.

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 23 points higher than the property & casualty insurance industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cincinnati Financial has seen its stock return 11.36% over the past year, underperforming other property & casualty insurance stocks by -10 percentage points.

Cincinnati Financial has an average 1 year price target of $123.75, an upside of 5.5% from Cincinnati Financial's current stock price of $117.30.

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 8.31%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.51%. 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 5.25%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.51%. 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.

3. Safety Insurance Group (NASDAQ:SAFT)

Safety Insurance Group (NASDAQ:SAFT) has an annual dividend yield of 4.49%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.51%. 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 dividend yield might not be sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 1.69% in the last day, and down -0.22% over the last week. Mercury General was the among the top gainers in the insurance - property & casualty industry, gaining 3.88% yesterday.

Mercury General shares are trading higher after the company reported better-than-expected Q1 financial results.

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 50 points higher than the property & casualty insurance industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Selective Insurance Group's stock has gained 4.41% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -17 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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Markel Group's stock has gained 7.38% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -14 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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Heritage Insurance Holdings's stock has gained 196.54% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 175 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 3.65% 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 21.35x.

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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