Sectors & IndustriesFinancial ServicesInsurance - Reinsurance

Best Reinsurance Insurance Stocks to Buy Now (2024)

Top reinsurance insurance stocks in 2024 ranked by overall Zen Score. See the best reinsurance insurance stocks to buy now, according to analyst forecasts for the insurance - reinsurance industry.

According to Zen Score, the 3 best reinsurance insurance stocks to buy right now are:

Renaissancere Holdings (NYSE:RNR) is the top reinsurance insurance stock with a Zen Score of 52, which is 20 points higher than the reinsurance insurance industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Renaissancere Holdings has seen its stock return 5.19% over the past year, underperforming other reinsurance insurance stocks by -4 percentage points.

Renaissancere Holdings has an average 1 year price target of $247.40, an upside of 12.66% from Renaissancere Holdings's current stock price of $219.60.

Renaissancere Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Renaissancere Holdings, 20% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 20% have issued a Sell rating, and 0% have issued a Strong Sell.

Everest Group (NYSE:EG) is the second best reinsurance insurance stock with a Zen Score of 51, which is 19 points higher than the reinsurance insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Everest Group has seen its stock lose -1.15% over the past year, underperforming other reinsurance insurance stocks by -10 percentage points.

Everest Group has an average 1 year price target of $424.00, an upside of 15.92% from Everest Group's current stock price of $365.76.

Everest Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Everest Group, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Hamilton Insurance Group (NYSE:HG) is the third best reinsurance insurance stock with a Zen Score of 47, which is 15 points higher than the reinsurance insurance industry average of 32. It passed 15 out of 33 due diligence checks and has strong fundamentals.

Hamilton Insurance Group has an average 1 year price target of $19.20, an upside of 36.65% from Hamilton Insurance Group's current stock price of $14.05.

Hamilton Insurance Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Hamilton Insurance Group, 60% have issued a Strong Buy rating, 40% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 3 reinsurance insurance stocks that have issued dividends in the past year, the 3 reinsurance insurance stocks with the highest dividend yields are:

Everest Group (NYSE:EG) has an annual dividend yield of 1.89%, which is the same as the reinsurance insurance industry average of 1.45%. Everest Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Everest Group's dividend has shown consistent growth over the last 10 years.

Everest Group's dividend payout ratio of 11.3% indicates that its dividend yield is sustainable for the long-term.

Reinsurance Group Of America (NYSE:RGA) has an annual dividend yield of 1.75%, which is the same as the reinsurance insurance industry average of 1.45%. Reinsurance Group Of America's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Reinsurance Group Of America's dividend has shown consistent growth over the last 10 years.

Reinsurance Group Of America's dividend payout ratio of 24.6% indicates that its dividend yield is sustainable for the long-term.

Renaissancere Holdings (NYSE:RNR) has an annual dividend yield of 0.7%, which is -1 percentage points lower than the reinsurance insurance industry average of 1.45%. Renaissancere Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Renaissancere Holdings's dividend has shown consistent growth over the last 10 years.

Renaissancere Holdings's dividend payout ratio of 2.9% indicates that its dividend yield is sustainable for the long-term.

Reinsurance insurance stocks were down -0.11% in the last day, and up 1.52% over the last week.

We couldn't find a catalyst for why reinsurance insurance stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued reinsurance insurance stocks right now are:

Greenlight Capital Re (NASDAQ:GLRE) is the most undervalued reinsurance insurance stock based on WallStreetZen's Valuation Score. Greenlight Capital Re has a valuation score of 86, which is 46 points higher than the reinsurance insurance industry average of 40. It passed 6 out of 7 valuation due diligence checks.

Greenlight Capital Re's stock has gained 23.98% in the past year. It has overperformed other stocks in the reinsurance insurance industry by 15 percentage points.

Hamilton Insurance Group (NYSE:HG) is the second most undervalued reinsurance insurance stock based on WallStreetZen's Valuation Score. Hamilton Insurance Group has a valuation score of 71, which is 31 points higher than the reinsurance insurance industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Renaissancere Holdings (NYSE:RNR) is the third most undervalued reinsurance insurance stock based on WallStreetZen's Valuation Score. Renaissancere Holdings has a valuation score of 57, which is 17 points higher than the reinsurance insurance industry average of 40. It passed 4 out of 7 valuation due diligence checks.

Renaissancere Holdings's stock has gained 5.19% in the past year. It has underperformed other stocks in the reinsurance insurance industry by -4 percentage points.