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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
$5.82B60,792,02482.57%4.26%Net SellingNet Selling
HCI
HCI GROUP INC
United States
$1.12B9,979,72067.55%12.69%Net SellingNet Selling
CINF
CINCINNATI FINANCIAL CORP
United States
$18.19B156,558,41165.15%14.55%Net SellingNet Selling
PLMR
PALOMAR HOLDINGS INC
United States
$1.94B24,868,90086.26%13.74%Net SellingNet Selling
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
United States
$1.43B39,995,02771.81%25.45%Net SellingNet Selling
MKL
MARKEL GROUP INC
United States
$20.50B13,002,64677.85%3.15%Net SellingNet Selling
TRV
TRAVELERS COMPANIES INC
United States
$49.09B228,993,39282.54%1.65%Net SellingNet Selling
HMN
HORACE MANN EDUCATORS CORP
United States
$1.55B40,878,76495.56%4.44%Net SellingNet Selling
KNSL
KINSALE CAPITAL GROUP INC
United States
$8.68B23,276,41984.20%11.97%Net SellingNet Selling
CB
CHUBB LTD
Switzerland
$101.62B406,061,04583.90%1.18%Net SellingNet Selling
THG
HANOVER INSURANCE GROUP INC
United States
$4.70B35,942,94686.32%5.19%Net SellingNet Selling
AFG
AMERICAN FINANCIAL GROUP INC
United States
$10.68B83,661,69142.42%57.58%Net BuyingNet Selling
ALL
ALLSTATE CORP
United States
$44.65B263,915,33276.12%1.60%Net BuyingNet Selling
CNA
CNA FINANCIAL CORP
United States
$12.08B270,896,94551.43%48.57%Net BuyingNet Selling
RLI
RLI CORP
United States
$6.54B45,709,88180.08%11.40%Net BuyingNet Buying
L
LOEWS CORP
United States
$17.01B222,201,13946.39%53.61%Net SellingNet Selling
PGR
PROGRESSIVE CORP
United States
$122.42B585,677,46485.35%8.86%Net SellingNet Selling
UVE
UNIVERSAL INSURANCE HOLDINGS INC
United States
$567.13M28,759,09167.10%29.31%Net SellingNet Selling
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
United States
$4.66B2,555,18361.07%38.93%Net Selling
WRB
BERKLEY W R CORP
United States
$20.27B256,548,66957.11%42.89%Net Selling
MCY
MERCURY GENERAL CORP
United States
$3.07B55,371,12741.60%35.76%Net Buying
SAFT
SAFETY INSURANCE GROUP INC
United States
$1.20B14,791,81263.80%36.20%Net BuyingNet Selling
HGTY
HAGERTY INC
United States
$3.00B335,689,44520.50%20.15%Net SellingNet Selling
HRTG
HERITAGE INSURANCE HOLDINGS INC
United States
$240.84M30,218,93846.73%20.42%Net BuyingNet Buying
DGICA
DONEGAL GROUP INC
United States
$451.48M33,393,42929.15%17.54%Net BuyingNet Buying
ACIC
AMERICAN COASTAL INSURANCE CORP
United States
$498.07M47,799,46520.18%69.38%Net BuyingNet Selling
ROOT
ROOT INC
United States
$847.07M14,900,00016.88%83.12%Net SellingNet Selling
GBLI
GLOBAL INDEMNITY GROUP LLC
Cayman Islands
$434.39M13,578,93033.93%66.07%Net BuyingNet Buying
NODK
NI HOLDINGS INC
United States
$305.31M20,615,38421.89%64.14%Net Buying
STC
STEWART INFORMATION SERVICES CORP
United States
$1.71B27,464,15792.38%7.62%Net SellingNet Selling
KMPR
KEMPER CORP
United States
$3.76B64,375,35262.85%37.15%Net BuyingNet Selling
LMND
LEMONADE INC
United States
$1.25B70,501,57840.17%59.83%Net BuyingNet Buying
UFCS
UNITED FIRE GROUP INC
United States
$579.61M25,277,32420.98%79.02%Net BuyingNet Buying
KINS
KINGSTONE COMPANIES INC
United States
$47.22M11,007,82413.94%41.01%Net Buying
DOMA
DOMA HOLDINGS INC
United States
$83.60M13,887,7720.97%99.03%Net SellingNet Selling
PRA
PROASSURANCE CORP
United States
$709.51M50,970,45485.48%12.52%Net BuyingNet Buying
CNFR
CONIFER HOLDINGS INC
United States
$11.12M12,222,8813.47%96.53%Net Buying
1

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in 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 -1.92% over the past year, underperforming other property & casualty insurance stocks by -27 percentage points.

Selective Insurance Group has an average 1 year price target of $109.50, an upside of 14.34% from Selective Insurance Group's current stock price of $95.77.

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 126.69% 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 14.98% from Hci Group's current stock price of $111.76.

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 12.08% over the past year, underperforming other property & casualty insurance stocks by -13 percentage points.

Cincinnati Financial has an average 1 year price target of $123.75, an upside of 6.53% from Cincinnati Financial's current stock price of $116.16.

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 8.3%, which is 6 percentage points higher than the property & casualty insurance industry average of 2.51%. 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 5.29%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.51%. 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.

3. Safety Insurance Group (NASDAQ:SAFT)


Safety Insurance Group (NASDAQ:SAFT) has an annual dividend yield of 4.44%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.51%. 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 dividend yield might not be sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 1.14% in the last day, and up 1.06% over the last week. Markel Group was the among the top gainers in the insurance - property & casualty industry, gaining 6.79% yesterday.

Markel Group shares are trading higher after the company reported better-than-expected Q1 financial results.

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 50 points higher than the property & casualty insurance industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Selective Insurance Group's stock has dropped -1.92% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -27 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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Markel Group's stock has gained 17.07% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -8 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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Heritage Insurance Holdings's stock has gained 136.5% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 111 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 2% 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 20.11x.
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