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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...
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
SIGI
SELECTIVE INSURANCE GROUP INC
$6.29B$103.70$109.505.59%Hold412.21%26.34%N/AN/A
PLMR
PALOMAR HOLDINGS INC
$2.03B$81.81$87.506.96%Buy623.46%34.72%N/AN/A
HCI
HCI GROUP INC
$1.15B$114.79$128.5011.94%Strong Buy444.65%N/AN/AN/A
KNSL
KINSALE CAPITAL GROUP INC
$10.77B$464.36$529.7514.08%Buy424.75%-34.19%N/AN/A
CINF
CINCINNATI FINANCIAL CORP
$18.93B$120.83$123.752.42%Hold42.54%-64.98%N/AN/A
TRV
TRAVELERS COMPANIES INC
$49.08B$214.32$228.196.47%Hold167.95%23.02%21.92%4.31%
HMN
HORACE MANN EDUCATORS CORP
$1.51B$36.82$39.507.28%Buy29.46%239.45%N/AN/A
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
$1.46B$36.52$41.7114.22%Strong Buy715.72%N/AN/AN/A
AFG
AMERICAN FINANCIAL GROUP INC
$10.85B$129.71$131.671.51%Strong Buy33.15%17.55%N/AN/A
MCY
MERCURY GENERAL CORP
$3.14B$56.76N/AN/AN/AN/A13.80%58.05%N/AN/A
PGR
PROGRESSIVE CORP
$125.35B$214.02$215.600.74%Buy1514.49%13.86%N/AN/A
CB
CHUBB LTD
$101.39B$249.88$269.387.80%Buy168.65%-13.68%N/AN/A
RLI
RLI CORP
$6.66B$145.76$158.008.40%Buy28.44%-52.30%N/AN/A
MKL
MARKEL GROUP INC
$19.40B$1,479.65$1.41k-4.54%Sell40.50%N/AN/AN/A
CNA
CNA FINANCIAL CORP
$11.97B$44.19$46.505.23%Sell2-1.33%N/AN/AN/A
L
LOEWS CORP
$17.05B$76.72N/AN/AN/AN/AN/AN/AN/AN/A
UVE
UNIVERSAL INSURANCE HOLDINGS INC
$582.50M$20.11$25.0024.32%Strong Buy1-3.02%N/AN/AN/A
THG
HANOVER INSURANCE GROUP INC
$4.78B$133.52$147.2510.28%Buy45.57%1,240.40%N/AN/A
DGICA
DONEGAL GROUP INC
$460.83M$13.80N/AN/AN/AN/A4.06%N/AN/AN/A
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
$4.40B$1,721.48N/AN/AN/AN/AN/AN/AN/AN/A
SAFT
SAFETY INSURANCE GROUP INC
$1.21B$82.06N/AN/AN/AN/AN/AN/AN/AN/A
HGTY
HAGERTY INC
$3.04B$9.06$9.00-0.66%Hold115.46%N/AN/AN/A
WRB
BERKLEY W R CORP
$20.29B$79.08$89.8813.65%Buy86.35%-0.59%N/AN/A
ACIC
AMERICAN COASTAL INSURANCE CORP
$512.89M$10.73$15.0039.79%Buy114.70%-99.30%N/AN/A
ROOT
ROOT INC
$863.88M$59.17$27.67-53.24%Buy645.83%N/AN/AN/A
HRTG
HERITAGE INSURANCE HOLDINGS INC
$308.23M$10.20$9.00-11.76%Buy34.81%N/AN/AN/A
ALL
ALLSTATE CORP
$46.11B$175.28$179.332.31%Strong Buy159.44%N/AN/AN/A
NODK
NI HOLDINGS INC
$315.00M$15.28N/AN/AN/AN/AN/AN/AN/AN/A
STC
STEWART INFORMATION SERVICES CORP
$1.75B$63.60$69.339.01%Strong Buy3N/AN/AN/AN/A
LMND
LEMONADE INC
$1.23B$17.49$22.2527.22%Hold424.06%N/AN/AN/A
GBLI
GLOBAL INDEMNITY GROUP LLC
$441.32M$32.50N/AN/AN/AN/A-14.09%N/AN/AN/A
UFCS
UNITED FIRE GROUP INC
$576.07M$22.79$21.00-7.85%Strong Sell13.09%N/AN/AN/A
KMPR
KEMPER CORP
$3.76B$58.46$70.5020.60%Strong Buy4-11.26%N/AN/AN/A
KINS
KINGSTONE COMPANIES INC
$46.29M$4.21$1.75-58.38%Strong Sell1-8.54%N/AN/AN/A
DOMA
DOMA HOLDINGS INC
$84.16M$6.06$13.15116.91%Buy2N/AN/AN/AN/A
PRA
PROASSURANCE CORP
$700.33M$13.74$17.3326.15%Buy3-2.57%N/AN/AN/A
CNFR
CONIFER HOLDINGS INC
$11.81M$0.97$0.61-36.85%Strong Sell1-20.72%N/AN/AN/A
1

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 7.81% over the past year, underperforming other property & casualty insurance stocks by -13 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 5.59% from Selective Insurance Group's current stock price of $103.70.

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. 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 55.83% 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 6.96% from Palomar Holdings's current stock price of $81.81.

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 113.68% over the past year, overperforming other property & casualty insurance stocks by 93 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 11.94% from Hci Group's current stock price of $114.79.

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 0.08% in the last day, and up 2.39% over the last week.

We couldn't find a catalyst for why property & casualty insurance stocks are up.

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 7.81% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -13 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 15.5% 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 197.38% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 176 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 2.89% 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 4.71x.
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