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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 & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
SIGI
SELECTIVE INSURANCE GROUP INC
United States
$5.94B60,792,02482.10%4.28%Net SellingNet Selling
HCI
HCI GROUP INC
United States
$1.05B10,476,41370.30%12.09%Net SellingNet Selling
CINF
CINCINNATI FINANCIAL CORP
United States
$18.80B156,558,41164.99%14.56%Net BuyingNet Buying
TRV
TRAVELERS COMPANIES INC
United States
$50.31B228,993,39280.91%1.65%Net SellingNet Selling
MKL
MARKEL GROUP INC
United States
$21.63B13,002,64677.18%3.12%Net BuyingNet Buying
SKWD
SKYWARD SPECIALTY INSURANCE GROUP INC
United States
$1.46B39,995,02770.93%12.90%Net SellingNet Selling
HMN
HORACE MANN EDUCATORS CORP
United States
$1.43B40,963,67095.55%4.45%Net SellingNet Selling
HGTY
HAGERTY INC
United States
$2.93B336,737,19220.66%20.08%Net SellingNet Selling
PLMR
PALOMAR HOLDINGS INC
United States
$2.17B24,923,28686.01%13.99%Net SellingNet Selling
THG
HANOVER INSURANCE GROUP INC
United States
$4.94B35,942,94685.92%5.22%Net SellingNet Selling
KNSL
KINSALE CAPITAL GROUP INC
United States
$9.10B23,276,41984.14%11.97%Net SellingNet Selling
ALL
ALLSTATE CORP
United States
$44.74B263,915,33275.63%1.60%Net BuyingNet Selling
AFG
AMERICAN FINANCIAL GROUP INC
United States
$11.20B83,866,97242.22%57.78%Net BuyingNet Selling
WTM
WHITE MOUNTAINS INSURANCE GROUP LTD
United States
$4.53B2,565,73362.03%37.97%Net Selling
CB
CHUBB LTD
Switzerland
$111.37B406,061,04587.74%1.18%Net SellingNet Selling
SAFT
SAFETY INSURANCE GROUP INC
United States
$1.19B14,836,56564.26%35.74%Net BuyingNet Selling
CNA
CNA FINANCIAL CORP
United States
$12.28B271,282,01051.45%48.55%Net BuyingNet Selling
WRB
BERKLEY W R CORP
United States
$20.28B255,662,27756.75%43.25%Net Selling
L
LOEWS CORP
United States
$17.21B221,406,25944.91%55.09%Net SellingNet Selling
RLI
RLI CORP
United States
$6.80B45,709,88177.86%11.42%Net BuyingNet Buying
UVE
UNIVERSAL INSURANCE HOLDINGS INC
United States
$591.86M28,759,09164.41%29.20%Net SellingNet Selling
DGICA
DONEGAL GROUP INC
United States
$445.80M33,393,42930.05%17.54%Net Buying
GBLI
GLOBAL INDEMNITY GROUP LLC
Cayman Islands
$439.15M13,604,37534.26%65.74%Net BuyingNet Buying
PGR
PROGRESSIVE CORP
United States
$122.54B585,698,38783.93%8.86%Net SellingNet Selling
HRTG
HERITAGE INSURANCE HOLDINGS INC
United States
$289.21M30,636,49647.94%20.25%Net BuyingNet Buying
ACIC
AMERICAN COASTAL INSURANCE CORP
United States
$629.42M47,828,49119.14%70.44%Net SellingNet Selling
MCY
MERCURY GENERAL CORP
United States
$3.22B55,371,12741.74%35.76%Net Buying
NODK
NI HOLDINGS INC
United States
$331.93M20,629,45421.95%64.10%Net Buying
ROOT
ROOT INC
United States
$977.14M14,900,00017.10%82.90%Net SellingNet Selling
UFCS
UNITED FIRE GROUP INC
United States
$595.21M25,295,94220.75%79.25%Net BuyingNet Buying
STC
STEWART INFORMATION SERVICES CORP
United States
$1.78B27,580,53592.63%7.37%Net SellingNet Selling
KMPR
KEMPER CORP
United States
$3.92B64,375,35262.86%37.14%Net BuyingNet Buying
LMND
LEMONADE INC
United States
$1.27B70,501,57840.75%59.25%Net BuyingNet Buying
KINS
KINGSTONE COMPANIES INC
United States
$51.30M11,008,03613.77%41.11%Net Buying
PRA
PROASSURANCE CORP
United States
$756.51M51,012,06683.94%12.51%Net BuyingNet Buying
DOMA
DOMA HOLDINGS INC
United States
$84.35M14,012,2450.96%99.04%Net SellingNet Selling
CNFR
CONIFER HOLDINGS INC
United States
$10.76M12,222,8813.57%96.43%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 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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