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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...
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
SIGI
SELECTIVE INSURANCE GROUP INC
$6.25B1.26%21.30%$0.3500$1.3024%0
PLMR
PALOMAR HOLDINGS INC
$2.02BN/A0.00%N/AN/AN/AN/A
HCI
HCI GROUP INC
$1.13B1.41%17.50%$0.4000$1.6028%0
KNSL
KINSALE CAPITAL GROUP INC
$10.63B0.12%4.20%$0.1500$0.571%0
CINF
CINCINNATI FINANCIAL CORP
$18.79B2.55%25.60%$0.8100$3.0649%0
TRV
TRAVELERS COMPANIES INC
$48.87B1.87%29.40%$1.0000$4.0038%02024-06-102024-06-28
HMN
HORACE MANN EDUCATORS CORP
$1.52B3.57%121.10%$0.3400$1.3363%0
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
$1.45BN/A0.00%N/AN/AN/AN/A
AFG
AMERICAN FINANCIAL GROUP INC
$10.85B5.21%66.40%$0.7100$6.7680%202024-04-25
MCY
MERCURY GENERAL CORP
$3.06B2.30%73.00%$0.3175$1.2745%1
PGR
PROGRESSIVE CORP
$124.28B0.54%17.40%$0.1000$1.159%6
CB
CHUBB LTD
$98.60B1.42%15.50%$0.8600$3.4428%0
L
LOEWS CORP
$17.07B0.33%4.00%$0.0625$0.254%0
MKL
MARKEL GROUP INC
$19.17BN/A0.00%N/AN/AN/AN/A
CNA
CNA FINANCIAL CORP
$11.98B8.37%64.90%$2.4400$3.7090%8
RLI
RLI CORP
$6.75B2.09%42.10%$0.2700$3.0842%9
UVE
UNIVERSAL INSURANCE HOLDINGS INC
$586.84M3.80%34.40%$0.1600$0.7766%92024-05-092024-05-17
THG
HANOVER INSURANCE GROUP INC
$4.75B2.50%331.30%$0.8500$3.3248%2
DGICA
DONEGAL GROUP INC
$467.51M4.86%485.70%$0.1700$0.6878%02024-05-072024-05-22
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
$4.51B0.06%0.50%$1.0000$1.000%0
SAFT
SAFETY INSURANCE GROUP INC
$1.21B4.41%210.90%$0.9000$3.6073%0
HGTY
HAGERTY INC
$2.99BN/A0.00%N/AN/AN/AN/A
WRB
BERKLEY W R CORP
$19.97B1.85%28.00%$0.1100$1.4437%13
ACIC
AMERICAN COASTAL INSURANCE CORP
$521.01MN/A0.00%$0.0600N/AN/A0
ROOT
ROOT INC
$876.29MN/A0.00%N/AN/AN/AN/A
HRTG
HERITAGE INSURANCE HOLDINGS INC
$317.30MN/A0.00%$0.0600N/AN/A0
ALL
ALLSTATE CORP
$45.32B2.08%-296.70%$0.9200$3.5942%0
NODK
NI HOLDINGS INC
$311.50MN/A0.00%N/AN/AN/AN/A
STC
STEWART INFORMATION SERVICES CORP
$1.73B2.98%165.20%$0.4750$1.8854%0
LMND
LEMONADE INC
$1.22BN/A0.00%N/AN/AN/AN/A
GBLI
GLOBAL INDEMNITY GROUP LLC
$425.84MN/A40.80%$0.2500N/AN/A0
UFCS
UNITED FIRE GROUP INC
$574.05M2.82%-54.20%$0.1600$0.6452%2
KMPR
KEMPER CORP
$3.89B2.05%-29.20%$0.3100$1.2441%0
KINS
KINGSTONE COMPANIES INC
$46.23MN/A0.00%$0.0400N/AN/A2
DOMA
DOMA HOLDINGS INC
$84.30MN/A0.00%N/AN/AN/AN/A
PRA
PROASSURANCE CORP
$712.06MN/A-6.80%$0.0500N/AN/A6
CNFR
CONIFER HOLDINGS INC
$11.81MN/A0.00%N/AN/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 7.23% 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 55.01% over the past year, overperforming other property & casualty insurance stocks by 34 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 111.52% over the past year, overperforming other property & casualty insurance stocks by 90 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.

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 7.23% 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 16.75% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -4 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 206.12% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 185 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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