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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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
SIGI
SELECTIVE INSURANCE GROUP INC
United States
$6.22B60,641,84682.78%4.27%Net SellingNet Selling
PLMR
PALOMAR HOLDINGS INC
United States
$1.97B24,868,90086.24%13.76%Net SellingNet Selling
HCI
HCI GROUP INC
United States
$1.12B9,979,72067.55%12.69%Net SellingNet Selling
KNSL
KINSALE CAPITAL GROUP INC
United States
$10.48B23,189,09584.52%11.99%Net SellingNet Selling
CINF
CINCINNATI FINANCIAL CORP
United States
$18.79B156,665,01865.10%14.54%Net SellingNet Selling
TRV
TRAVELERS COMPANIES INC
United States
$49.02B228,993,39282.54%1.66%Net SellingNet Selling
HMN
HORACE MANN EDUCATORS CORP
United States
$1.49B40,878,76495.56%4.44%Net SellingNet Selling
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
United States
$1.45B39,995,02771.81%25.45%Net SellingNet Selling
AFG
AMERICAN FINANCIAL GROUP INC
United States
$10.70B83,661,69142.42%57.58%Net BuyingNet Selling
CB
CHUBB LTD
Switzerland
$101.52B405,758,79683.97%1.18%Net SellingNet Selling
PGR
PROGRESSIVE CORP
United States
$125.74B585,677,46485.35%8.86%Net SellingNet Selling
MCY
MERCURY GENERAL CORP
United States
$2.97B55,371,12741.60%35.76%Net Buying
L
LOEWS CORP
United States
$16.81B222,201,13946.39%53.61%Net SellingNet Selling
RLI
RLI CORP
United States
$6.40B45,659,29080.17%11.42%Net BuyingNet Buying
CNA
CNA FINANCIAL CORP
United States
$12.04B270,896,94551.43%48.57%Net BuyingNet Selling
MKL
MARKEL GROUP INC
United States
$19.10B13,110,03577.22%3.12%Net SellingNet Buying
UVE
UNIVERSAL INSURANCE HOLDINGS INC
United States
$568.31M28,965,61866.62%29.10%Net SellingNet Selling
THG
HANOVER INSURANCE GROUP INC
United States
$4.70B35,821,00386.61%5.21%Net SellingNet Selling
DGICA
DONEGAL GROUP INC
United States
$468.18M33,393,42929.15%17.54%Net BuyingNet Buying
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
United States
$4.58B2,555,18361.07%38.93%Net Selling
SAFT
SAFETY INSURANCE GROUP INC
United States
$1.21B14,791,81263.80%36.20%Net BuyingNet Selling
WRB
BERKLEY W R CORP
United States
$21.14B256,548,66957.11%42.89%Net Selling
HGTY
HAGERTY INC
United States
$2.97B335,689,44520.50%20.14%Net SellingNet Selling
ACIC
AMERICAN COASTAL INSURANCE CORP
United States
$507.87M47,799,46520.18%69.38%Net BuyingNet Selling
ROOT
ROOT INC
United States
$751.02M14,600,00016.88%83.12%Net SellingNet Selling
HRTG
HERITAGE INSURANCE HOLDINGS INC
United States
$289.50M30,218,93846.73%20.42%Net BuyingNet Buying
ALL
ALLSTATE CORP
United States
$45.50B263,067,41576.37%1.60%Net BuyingNet Selling
NODK
NI HOLDINGS INC
United States
$312.53M20,615,38421.89%64.14%Net Buying
STC
STEWART INFORMATION SERVICES CORP
United States
$1.66B27,464,15792.38%7.62%Net SellingNet Selling
LMND
LEMONADE INC
United States
$1.11B70,224,40840.17%59.83%Net BuyingNet Buying
GBLI
GLOBAL INDEMNITY GROUP LLC
Cayman Islands
$441.32M13,578,93033.93%66.07%Net BuyingNet Buying
UFCS
UNITED FIRE GROUP INC
United States
$576.32M25,277,32420.98%79.02%Net BuyingNet Buying
KMPR
KEMPER CORP
United States
$3.73B64,323,69362.87%37.13%Net BuyingNet Selling
KINS
KINGSTONE COMPANIES INC
United States
$44.25M11,007,82413.94%41.01%Net Buying
DOMA
DOMA HOLDINGS INC
United States
$83.47M13,887,7720.97%99.03%Net SellingNet Selling
PRA
PROASSURANCE CORP
United States
$682.49M50,970,45485.48%12.69%Net BuyingNet Buying
CNFR
CONIFER HOLDINGS INC
United States
$11.81M12,222,8813.47%96.53%Net Buying
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 5.55% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 6.84% from Selective Insurance Group's current stock price of $102.49.

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 50.49% over the past year, overperforming other property & casualty insurance stocks by 30 percentage points.

Palomar Holdings has an average 1 year price target of $87.50, an upside of 10.45% from Palomar Holdings's current stock price of $79.22.

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 111.31% over the past year, overperforming other property & casualty insurance stocks by 91 percentage points.

Hci Group has an average 1 year price target of $128.50, an upside of 14.84% from Hci Group's current stock price of $111.89.

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 2.56%. 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 8.33%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.56%. 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 5.29%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.56%. 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 1.97% in the last day, and up 2.68% 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 5.55% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -15 percentage points.

2. Loews (NYSE:L)


Loews (NYSE:L) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Loews 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.

Loews's stock has gained 31.57% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 11 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 187.69% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 167 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 4.5% 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 5x.
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