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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
$5.94B1.38%22.80%$0.3500$1.3528%02024-06-03
HCI
HCI GROUP INC
$1.05B1.60%13.20%$0.4000$1.6034%02024-06-21
CINF
CINCINNATI FINANCIAL CORP
$18.80B2.55%20.20%$0.8100$3.0650%02024-06-182024-07-15
TRV
TRAVELERS COMPANIES INC
$50.31B1.82%29.40%$1.0000$4.0038%02024-06-102024-06-28
MKL
MARKEL GROUP INC
$21.63BN/A0.00%N/AN/AN/AN/A
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
$1.46BN/A0.00%N/AN/AN/AN/A
HMN
HORACE MANN EDUCATORS CORP
$1.43B3.82%84.70%$0.3400$1.3368%0
HGTY
HAGERTY INC
$2.93BN/A0.00%N/AN/AN/AN/A
PLMR
PALOMAR HOLDINGS INC
$2.17BN/A0.00%N/AN/AN/AN/A
THG
HANOVER INSURANCE GROUP INC
$4.94B2.41%73.10%$0.8500$3.3248%2
KNSL
KINSALE CAPITAL GROUP INC
$9.10B0.15%3.70%$0.1500$0.572%02024-05-312024-06-13
ALL
ALLSTATE CORP
$44.74B2.12%77.70%$0.9200$3.5943%02024-05-312024-07-01
AFG
AMERICAN FINANCIAL GROUP INC
$11.20B5.06%64.60%$0.7100$6.7681%20
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
$4.53B0.06%0.50%$1.0000$1.000%0
CB
CHUBB LTD
$111.37B1.25%15.20%$0.8600$3.4425%02024-06-142024-07-05
SAFT
SAFETY INSURANCE GROUP INC
$1.19B4.49%103.70%$0.9000$3.6076%02024-06-032024-06-14
CNA
CNA FINANCIAL CORP
$12.28B8.22%80.80%$0.4400$3.7292%92024-06-06
WRB
BERKLEY W R CORP
$20.28B1.82%25.30%$0.1100$1.4438%13
L
LOEWS CORP
$17.21B0.32%3.70%$0.0625$0.255%02024-05-292024-06-11
RLI
RLI CORP
$6.80B2.07%42.10%$0.2700$3.0842%92024-05-312024-06-20
UVE
UNIVERSAL INSURANCE HOLDINGS INC
$591.86M3.74%29.70%$0.1600$0.7767%9
DGICA
DONEGAL GROUP INC
$445.80M5.11%318.80%$0.1725$0.6881%02024-05-22
GBLI
GLOBAL INDEMNITY GROUP LLC
$439.15MN/A20.10%$0.2500N/AN/A0
PGR
PROGRESSIVE CORP
$122.54B0.55%11.70%$0.1000$1.159%62024-07-032024-07-12
HRTG
HERITAGE INSURANCE HOLDINGS INC
$289.21MN/A0.00%$0.0600N/AN/A0
ACIC
AMERICAN COASTAL INSURANCE CORP
$629.42MN/A0.00%$0.0600N/AN/A0
MCY
MERCURY GENERAL CORP
$3.22B2.18%32.60%$0.3175$1.2744%12024-06-132024-06-27
NODK
NI HOLDINGS INC
$331.93MN/A0.00%N/AN/AN/AN/A
ROOT
ROOT INC
$977.14MN/A0.00%N/AN/AN/AN/A
UFCS
UNITED FIRE GROUP INC
$595.21M2.72%-94.10%$0.1600$0.6452%22024-05-312024-06-14
STC
STEWART INFORMATION SERVICES CORP
$1.78B2.90%122.50%$0.4750$1.8855%0
KMPR
KEMPER CORP
$3.92B2.04%-65.60%$0.3100$1.2442%02024-05-28
LMND
LEMONADE INC
$1.27BN/A0.00%N/AN/AN/AN/A
KINS
KINGSTONE COMPANIES INC
$51.30MN/A0.00%$0.0400N/AN/A2
PRA
PROASSURANCE CORP
$756.51MN/A0.00%$0.0500N/AN/A6
DOMA
DOMA HOLDINGS INC
$84.35MN/A0.00%N/AN/AN/AN/A
CNFR
CONIFER HOLDINGS INC
$10.76MN/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 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.
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