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Sectors & IndustriesFinancial ServicesInsurance - Property & Casualty
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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
SIGI
SELECTIVE INSURANCE GROUP INC
$6.25B13.00%3.10%N/A4.10%3.00N/A41.30%8.40%11.51%
PLMR
PALOMAR HOLDINGS INC
$2.02B18.50%5.00%N/A6.80%2.62N/A80.70%21.10%28.57%
HCI
HCI GROUP INC
$1.13B35.40%4.50%N/A7.50%4.27N/A53.80%14.40%21.53%
KNSL
KINSALE CAPITAL GROUP INC
$10.63B33.30%9.10%N/A11.60%2.47N/A51.00%25.20%32.20%
CINF
CINCINNATI FINANCIAL CORP
$18.79B16.60%5.90%N/A7.40%1.71N/A47.30%18.40%23.27%
TRV
TRAVELERS COMPANIES INC
$48.87B13.70%2.50%N/A3.30%4.09N/A37.30%7.30%9.79%
HMN
HORACE MANN EDUCATORS CORP
$1.52B4.00%0.30%N/A0.60%10.95N/A34.70%3.00%5.56%
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
$1.45B15.10%3.00%N/A4.40%3.47N/A41.80%9.50%13.56%
AFG
AMERICAN FINANCIAL GROUP INC
$10.85B21.10%2.90%N/A3.90%6.00N/A23.80%10.90%14.68%
MCY
MERCURY GENERAL CORP
$3.06B6.70%1.40%N/A1.80%3.59N/A24.00%2.10%2.67%
PGR
PROGRESSIVE CORP
$124.28B21.70%4.60%N/A5.70%3.37N/A26.50%6.20%8.33%
CB
CHUBB LTD
$98.60B16.60%4.20%N/A5.00%2.81N/A44.20%18.20%20.53%
L
LOEWS CORP
$17.07B9.70%1.90%N/A2.60%3.99N/A35.50%9.00%14.22%
MKL
MARKEL GROUP INC
$19.17B13.80%3.70%N/A5.80%2.64N/A37.70%12.40%17.30%
CNA
CNA FINANCIAL CORP
$11.98B13.40%1.90%N/A2.50%5.54N/A35.20%9.10%12.37%
RLI
RLI CORP
$6.75B23.90%6.50%N/A8.10%2.51N/A60.20%21.00%26.47%
UVE
UNIVERSAL INSURANCE HOLDINGS INC
$586.84M20.60%2.60%N/A4.00%5.79N/A28.70%4.80%6.82%
THG
HANOVER INSURANCE GROUP INC
$4.75B1.50%0.20%N/A0.50%4.93N/A11.40%0.60%1.28%
DGICA
DONEGAL GROUP INC
$467.51M0.90%0.20%N/A0.20%3.72N/A33.70%0.50%0.61%
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
$4.51B12.70%6.20%N/A6.70%0.90N/A64.60%23.50%25.68%
SAFT
SAFETY INSURANCE GROUP INC
$1.21B2.40%0.90%N/A1.20%1.60N/A31.00%2.00%2.71%
HGTY
HAGERTY INC
$2.99B22.30%1.10%1.88%-309.10%11.811.4852.80%1.70%1.40%
WRB
BERKLEY W R CORP
$19.97B19.60%3.90%N/A5.10%3.99N/A47.50%11.40%15.48%
ACIC
AMERICAN COASTAL INSURANCE CORP
$521.01M255.40%24.30%N/A27.00%5.28N/A74.50%108.20%115.36%
ROOT
ROOT INC
$876.29M-73.60%-11.80%N/A-11.40%6.46N/A27.20%-32.40%-22.26%
HRTG
HERITAGE INSURANCE HOLDINGS INC
$317.30M26.40%2.00%N/A3.10%8.78N/A42.10%6.20%8.59%
ALL
ALLSTATE CORP
$45.32B-1.90%-0.30%N/A0.10%4.83N/A26.20%-0.60%0.10%
NODK
NI HOLDINGS INC
$311.50M-2.20%-0.80%N/A-0.80%1.62N/A33.20%-1.50%-1.23%
STC
STEWART INFORMATION SERVICES CORP
$1.73B2.20%1.10%N/A3.60%0.97N/A27.40%1.40%2.96%
LMND
LEMONADE INC
$1.22B-31.30%-14.50%N/A-17.00%1.30N/A21.00%-55.10%-53.47%
GBLI
GLOBAL INDEMNITY GROUP LLC
$425.84M3.90%1.40%N/A1.90%1.67N/A45.20%4.70%6.24%
UFCS
UNITED FIRE GROUP INC
$574.05M-4.20%-1.00%N/A-1.20%3.29N/A29.80%-2.70%-3.33%
KMPR
KEMPER CORP
$3.89B-10.90%-2.10%N/A0.20%4.09N/A1.50%-5.50%0.45%
KINS
KINGSTONE COMPANIES INC
$46.23M-19.50%-1.90%N/A-1.00%8.21N/A42.50%-4.30%-2.33%
DOMA
DOMA HOLDINGS INC
$84.30M-2,447.20%-43.90%N/A-30.50%-10.27N/A14.20%-40.00%-33.31%
PRA
PROASSURANCE CORP
$712.06M-3.50%-0.70%N/A-0.30%4.07N/A29.60%-3.40%-1.41%
CNFR
CONIFER HOLDINGS INC
$11.81M-192.30%-8.70%N/A-7.30%106.93N/A16.60%-26.20%-22.97%

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 -14 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 6.17% from Selective Insurance Group's current stock price of $103.14.

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 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 7.52% from Palomar Holdings's current stock price of $81.38.

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 117.99% over the past year, overperforming other property & casualty insurance stocks by 97 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 13.09% from Hci Group's current stock price of $113.63.

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 2.54%. 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 8.37%, 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% 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 5.21%, 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 66.4% 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 0.11% in the last day, and up 3.3% over the last week. Chubb was the among the top gainers in the insurance - property & casualty industry, gaining 1.21% yesterday.

Chubb 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 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 6.54% 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 16.15% 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 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 217.02% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 196 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 4.1% 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 4.84x.
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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.