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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
$5.86B1.35%22.80%$0.3500$1.3026%02024-05-142024-06-03
HCI
HCI GROUP INC
$1.11B1.44%17.50%$0.4000$1.6029%02024-05-162024-06-21
CINF
CINCINNATI FINANCIAL CORP
$18.31B2.62%20.20%$0.8100$3.0650%0
MKL
MARKEL GROUP INC
$20.56BN/A0.00%N/AN/AN/AN/A
TRV
TRAVELERS COMPANIES INC
$48.97B1.87%29.40%$1.0000$4.0038%02024-06-102024-06-28
HMN
HORACE MANN EDUCATORS CORP
$1.53B3.54%121.10%$0.3400$1.3363%0
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
$1.50BN/A0.00%N/AN/AN/AN/A
KNSL
KINSALE CAPITAL GROUP INC
$8.90B0.15%3.70%$0.1500$0.571%0
CB
CHUBB LTD
$100.92B1.38%15.20%$0.8600$3.4427%0
THG
HANOVER INSURANCE GROUP INC
$4.80B2.48%73.10%$0.8500$3.3248%2
ALL
ALLSTATE CORP
$44.39B2.13%77.70%$0.9200$3.5942%0
AFG
AMERICAN FINANCIAL GROUP INC
$10.69B5.31%64.60%$0.7100$6.7681%20
PLMR
PALOMAR HOLDINGS INC
$2.01BN/A0.00%N/AN/AN/AN/A
WRB
BERKLEY W R CORP
$20.08B1.83%25.30%$0.1100$1.4437%13
CNA
CNA FINANCIAL CORP
$12.03B8.33%64.90%$2.4400$3.7091%8
RLI
RLI CORP
$6.56B2.15%42.10%$0.2700$3.0843%92024-05-312024-06-20
L
LOEWS CORP
$16.98B0.33%4.00%$0.0625$0.254%0
PGR
PROGRESSIVE CORP
$122.24B0.55%17.40%$0.1000$1.159%6
UVE
UNIVERSAL INSURANCE HOLDINGS INC
$569.72M3.89%29.70%$0.1600$0.7768%92024-05-092024-05-17
SAFT
SAFETY INSURANCE GROUP INC
$1.17B4.53%210.90%$0.9000$3.6075%0
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
$4.61B0.06%0.50%$1.0000$1.000%0
MCY
MERCURY GENERAL CORP
$3.03B2.32%32.60%$0.3175$1.2745%12024-06-132024-06-27
HRTG
HERITAGE INSURANCE HOLDINGS INC
$246.28MN/A0.00%$0.0600N/AN/A0
HGTY
HAGERTY INC
$2.99BN/A0.00%N/AN/AN/AN/A
DGICA
DONEGAL GROUP INC
$452.48M3.76%318.80%$0.1700$0.5166%02024-05-072024-05-22
ACIC
AMERICAN COASTAL INSURANCE CORP
$493.77MN/A0.00%$0.0600N/AN/A0
ROOT
ROOT INC
$838.72MN/A0.00%N/AN/AN/AN/A
NODK
NI HOLDINGS INC
$307.79MN/A0.00%N/AN/AN/AN/A
GBLI
GLOBAL INDEMNITY GROUP LLC
$438.74MN/A40.80%$0.2500N/AN/A0
STC
STEWART INFORMATION SERVICES CORP
$1.73B2.97%165.20%$0.4750$1.8854%0
KMPR
KEMPER CORP
$3.80B2.10%-65.60%$0.3100$1.2442%02024-05-102024-05-28
UFCS
UNITED FIRE GROUP INC
$572.28M2.83%-54.20%$0.1600$0.6452%2
LMND
LEMONADE INC
$1.23BN/A0.00%N/AN/AN/AN/A
KINS
KINGSTONE COMPANIES INC
$46.56MN/A0.00%$0.0400N/AN/A2
DOMA
DOMA HOLDINGS INC
$84.02MN/A0.00%N/AN/AN/AN/A
PRA
PROASSURANCE CORP
$704.92MN/A-6.80%$0.0500N/AN/A6
CNFR
CONIFER HOLDINGS INC
$11.12MN/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 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 32 points higher than the property & casualty insurance industry average of 32. It passed 23 out of 38 due diligence checks and has strong fundamentals. Selective Insurance Group has seen its stock lose -3.51% over the past year, underperforming other property & casualty insurance stocks by -28 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 13.58% from Selective Insurance Group's current stock price of $96.41.

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 23 points higher than the property & casualty insurance industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Hci Group has seen its stock return 125.9% over the past year, overperforming other property & casualty insurance stocks by 102 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 15.9% from Hci Group's current stock price of $110.87.

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 22 points higher than the property & casualty insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cincinnati Financial has seen its stock return 11.97% over the past year, underperforming other property & casualty insurance stocks by -12 percentage points.

Cincinnati Financial has an average 1 year price target of $123.75, an upside of 5.82% from Cincinnati Financial's current stock price of $116.94.

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 8.33%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.52%. 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 5.31%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.52%. 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.

3. Safety Insurance Group (NASDAQ:SAFT)


Safety Insurance Group (NASDAQ:SAFT) has an annual dividend yield of 4.53%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.52%. 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 high dividend yield might not be sustainable for the long-term.

Why are property & casualty insurance stocks down?

Property & casualty insurance stocks were down -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 down.

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 51 points higher than the property & casualty insurance industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Selective Insurance Group's stock has dropped -3.51% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -28 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 36 points higher than the property & casualty insurance industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Markel Group's stock has gained 17.71% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -6 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 36 points higher than the property & casualty insurance industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Heritage Insurance Holdings's stock has gained 139.71% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 116 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 3.05% 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 19.97x.
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