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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	$97.78	$84.02	16.37%	17.15x	12.83x	1.35x	1.98x	0.65x	$714.03M	12.01%	$3.01B	49.46	$6.44B	12.74
HCI	HCI GROUP INC	$99.98	$204.54	-51.12%	8.26x	N/A	1.67x	2.65x	0.25x	$307.56M	29.36%	$395.68M	37.77	$624.85M	3.61
CINF	CINCINNATI FINANCIAL CORP	$120.06	$158.01	-24.02%	7.94x	18.22x	1.76x	1.49x	0.56x	$2.13B	11.35%	$12.65B	80.83	$19.05B	6.11
TRV	TRAVELERS COMPANIES INC	$219.71	$172.95	27.04%	16.17x	12.31x	1.17x	2.01x	0.78x	$8.16B	16.21%	$25.02B	109.27	$57.68B	13.74
MKL	MARKEL GROUP INC	$1,663.21	$2.80k	-40.54%	8.97x	N/A	1.30x	1.37x	0.33x	$2.84B	13.13%	$15.73B	1,209.73	$21.20B	5.75
SKWD	SKYWARD SPECIALTY INSURANCE GROUP INC	$36.53	$133.68	-72.67%	12.86x	N/A	1.49x	2.11x	0.11x	$322.49M	22.57%	$692.27M	17.70	$1.46B	9.65
HMN	HORACE MANN EDUCATORS CORP	$34.85	$69.01	-49.50%	22.20x	9.42x	0.94x	1.18x	0.20x	$290.20M	20.16%	$1.21B	29.33	$1.95B	14.35
HGTY	HAGERTY INC	$8.70	$23.95	-63.68%	48.33x	N/A	0.70x	31.32x	0.13x	$157.41M	21.37%	$93.53M	1.11	$2.34B	32.95
PLMR	PALOMAR HOLDINGS INC	$87.10	$45.77	90.30%	24.47x	19.40x	5.34x	4.33x	1.16x	$125.39M	5.79%	$501.66M	20.18	$2.15B	17.44
THG	HANOVER INSURANCE GROUP INC	$137.56	$272.43	-49.51%	30.30x	10.37x	0.81x	1.96x	0.19x	$391.30M	7.95%	$2.52B	70.47	$5.46B	22.33
KNSL	KINSALE CAPITAL GROUP INC	$390.92	N/A	N/A	25.68x	40.81x	6.77x	7.77x	N/A	$865.13M	9.58%	$1.17B	50.67	$9.15B	20.56
ALL	ALLSTATE CORP	$169.51	$213.19	-20.49%	36.69x	11.75x	0.76x	2.40x	0.32x	$5.11B	11.44%	$18.64B	70.74	$51.82B	19.82
AFG	AMERICAN FINANCIAL GROUP INC	$133.55	$102.02	30.90%	12.76x	11.15x	1.40x	2.64x	1.05x	$1.58B	14.13%	$4.24B	50.66	$11.59B	9.15
WTM	WHITE MOUNTAINS INSURANCE GROUP LTD	$1,764.57	$2.83k	-37.54%	7.99x	N/A	1.98x	1.01x	0.38x	$355.00M	7.84%	$4.47B	1,742.35	$4.83B	8.13
CB	CHUBB LTD	$274.28	N/A	N/A	12.09x	14.31x	2.16x	1.84x	N/A	$13.60B	12.21%	$60.54B	149.08	$127.57B	11.86
SAFT	SAFETY INSURANCE GROUP INC	$80.26	N/A	N/A	23.13x	N/A	1.19x	1.48x	N/A	$39.56M	3.36%	$807.07M	55.03	$1.21B	16.49
CNA	CNA FINANCIAL CORP	$45.28	$33.98	33.24%	9.89x	N/A	0.90x	1.27x	1.79x	$2.26B	18.40%	$9.66B	35.57	$15.39B	8.62
WRB	BERKLEY W R CORP	$79.31	N/A	N/A	13.94x	15.64x	1.62x	2.60x	N/A	$3.13B	15.46%	$7.78B	30.45	$21.99B	11.17
L	LOEWS CORP	$77.74	$76.98	0.99%	11.55x	N/A	1.06x	1.06x	0.68x	$2.70B	15.61%	$16.18B	72.75	$26.76B	9.17
RLI	RLI CORP	$148.77	N/A	N/A	20.35x	36.29x	4.27x	4.47x	N/A	$460.29M	6.77%	$1.52B	33.29	$6.86B	15.95
UVE	UNIVERSAL INSURANCE HOLDINGS INC	$20.58	N/A	N/A	7.95x	N/A	0.41x	1.62x	N/A	$197.60M	33.26%	$364.66M	12.63	$294.72M	2.52
DGICA	DONEGAL GROUP INC	$13.35	N/A	N/A	83.44x	N/A	0.47x	0.92x	N/A	$34.12M	7.66%	$485.09M	14.53	$461.00M	42.65
GBLI	GLOBAL INDEMNITY GROUP LLC	$32.28	$49.87	-35.27%	12.96x	N/A	0.90x	0.67x	0.31x	$60.24M	13.74%	$659.50M	48.57	$412.20M	8.25
PGR	PROGRESSIVE CORP	$209.22	N/A	N/A	21.35x	27.57x	1.88x	5.62x	N/A	$12.22B	9.97%	$21.81B	37.26	$129.26B	16.48
HRTG	HERITAGE INSURANCE HOLDINGS INC	$9.44	$17.26	-45.31%	5.65x	N/A	0.38x	1.23x	0.41x	$52.07M	18.16%	$234.94M	7.73	$42.45M	0.57
ACIC	AMERICAN COASTAL INSURANCE CORP	$13.16	N/A	N/A	9.20x	263.20x	2.31x	3.09x	N/A	$92.77M	14.89%	$203.99M	4.31	$472.59M	4.60
MCY	MERCURY GENERAL CORP	$58.20	N/A	N/A	14.96x	21.16x	0.67x	2.01x	N/A	$617.91M	19.18%	$1.60B	28.97	$3.28B	9.38
NODK	NI HOLDINGS INC	$16.09	N/A	N/A	64.36x	N/A	0.90x	1.30x	N/A	$45.83M	13.60%	$255.85M	12.22	$263.41M	25.77
ROOT	ROOT INC	$65.58	N/A	N/A	-8.41x	-5.06x	1.50x	5.90x	N/A	$55.40M	5.79%	$165.70M	11.35	$634.94M	-11.91
UFCS	UNITED FIRE GROUP INC	$23.53	N/A	N/A	-34.60x	N/A	0.54x	0.81x	N/A	$220.70M	36.31%	$736.77M	28.52	$427.43M	-44.62
STC	STEWART INFORMATION SERVICES CORP	$64.65	N/A	N/A	42.25x	N/A	0.80x	1.31x	N/A	$66.42M	3.73%	$1.36B	49.35	$2.22B	15.25
KMPR	KEMPER CORP	$60.85	N/A	N/A	-32.20x	15.41x	0.82x	1.51x	N/A	-$156.50M	-4.00%	$2.59B	40.23	$5.18B	21.57
LMND	LEMONADE INC	$17.97	N/A	N/A	-5.76x	-4.43x	2.78x	1.87x	N/A	-$111.50M	-8.83%	$676.40M	9.62	$1.01B	-5.30
KINS	KINGSTONE COMPANIES INC	$4.66	N/A	N/A	155.33x	N/A	0.36x	1.43x	N/A	-$3.76M	-7.34%	$35.75M	3.25	$73.36M	9.79
PRA	PROASSURANCE CORP	$14.83	N/A	N/A	-27.46x	10.99x	0.66x	0.68x	N/A	-$36.51M	-4.83%	$1.11B	21.82	$1.14B	52.83
DOMA	DOMA HOLDINGS INC	$6.02	N/A	N/A	-0.79x	N/A	0.26x	-2.02x	N/A	-$73.25M	-88.59%	-$41.68M	-3.03	$187.67M	-2.80
CNFR	CONIFER HOLDINGS INC	$0.88	N/A	N/A	-0.40x	2.51x	0.11x	4.20x	N/A	$3.14M	29.20%	$2.56M	0.21	$18.39M	-0.78

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 30 points higher than the property & casualty insurance industry average of 34. It passed 23 out of 38 due diligence checks and has strong fundamentals. Selective Insurance Group has seen its stock lose -4.08% over the past year, underperforming other property & casualty insurance stocks by -32 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 11.99% from Selective Insurance Group's current stock price of $97.78.

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 59, which is 25 points higher than the property & casualty insurance industry average of 34. It passed 22 out of 38 due diligence checks and has strong fundamentals. Hci Group has seen its stock return 75.37% over the past year, overperforming other property & casualty insurance stocks by 47 percentage points.

Hci Group has an average 1 year price target of $132.25, an upside of 32.28% from Hci Group's current stock price of $99.98.

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 20 points higher than the property & casualty insurance industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cincinnati Financial has seen its stock return 16.91% over the past year, underperforming other property & casualty insurance stocks by -11 percentage points.

Cincinnati Financial has an average 1 year price target of $123.75, an upside of 3.07% from Cincinnati Financial's current stock price of $120.06.

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 8.22%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.54%. Cna Financial's dividend payout is not stable, having dropped more than 10% nine 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 80.8% indicates that its high dividend yield is sustainable for the long-term.

2. Donegal Group (NASDAQ:DGICA)

Donegal Group (NASDAQ:DGICA) has an annual dividend yield of 5.11%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.54%. Donegal Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Donegal Group's dividend has shown consistent growth over the last 10 years.

Donegal Group's dividend payout ratio of 318.8% indicates that its high dividend yield might not be sustainable for the long-term.

3. American Financial Group (NYSE:AFG)

American Financial Group (NYSE:AFG) has an annual dividend yield of 5.06%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.54%. 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 64.6% indicates that its high dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 1.13% in the last day, and down -0.63% over the last week. Chubb was the among the top gainers in the insurance - property & casualty industry, gaining 3.55% yesterday.

Chubb shares are trading higher after the company increased its quarterly dividend. Additionally, Berkshire Hathaway added a stake of 25.92 million shares of the stock.

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 48 points higher than the property & casualty insurance industry average of 38. It passed 6 out of 7 valuation due diligence checks.

Selective Insurance Group's stock has dropped -4.08% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -32 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 33 points higher than the property & casualty insurance industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Markel Group's stock has gained 23.38% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -5 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 33 points higher than the property & casualty insurance industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Heritage Insurance Holdings's stock has gained 85.1% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 57 percentage points.

Are property & casualty insurance stocks a good buy now?

41.38% of property & casualty insurance stocks rated by analysts are a buy right now. On average, analysts expect property & casualty insurance stocks to fall by -0.51% 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 17.39x.

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. Donegal Group (NASDAQ:DGICA)

3. American Financial Group (NYSE:AFG)

1. Selective Insurance Group (NASDAQ:SIGI)

2. Markel Group (NYSE:MKL)

3. Heritage Insurance Holdings (NYSE:HRTG)

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