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:

Everest Group (NYSE:EG) is the top reinsurance insurance stock with a Zen Score of 49, which is 17 points higher than the reinsurance insurance industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Everest Group has seen its stock return 2.61% over the past year, underperforming other reinsurance insurance stocks by -13 percentage points.

Everest Group has an average 1 year price target of $424.00, an upside of 9.2% from Everest Group's current stock price of $388.27.

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.

Greenlight Capital Re (NASDAQ:GLRE) is the second 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. Greenlight Capital Re has seen its stock return 36.85% over the past year, overperforming other reinsurance insurance stocks by 21 percentage points.

Renaissancere Holdings (NYSE:RNR) is the third best reinsurance insurance stock with a Zen Score of 43, which is 11 points higher than the reinsurance insurance industry average of 32. It passed 16 out of 38 due diligence checks and has strong fundamentals. Renaissancere Holdings has seen its stock return 14.12% over the past year, underperforming other reinsurance insurance stocks by -2 percentage points.

Renaissancere Holdings has an average 1 year price target of $249.40, an upside of 9.94% from Renaissancere Holdings's current stock price of $226.85.

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.

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 1.78%, which is the same as the reinsurance insurance industry average of 1.36%. 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 10.2% indicates that its dividend yield is sustainable for the long-term.

Reinsurance Group Of America (NYSE:RGA) has an annual dividend yield of 1.62%, which is the same as the reinsurance insurance industry average of 1.36%. 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 25.7% indicates that its dividend yield is sustainable for the long-term.

Renaissancere Holdings (NYSE:RNR) has an annual dividend yield of 0.67%, which is -1 percentage points lower than the reinsurance insurance industry average of 1.36%. 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 3.2% indicates that its dividend yield is sustainable for the long-term.

Reinsurance insurance stocks were up 2.3% in the last day, and up 1.75% over the last week. Everest Group was the among the top gainers in the insurance - reinsurance industry, gaining 3.51% yesterday.

Everest Group shares are trading higher after the company announced an increase in its quarterly dividend.

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

Brookfield Asset Management Reinsurance (NYSE:BNRE) is the most undervalued reinsurance insurance stock based on WallStreetZen's Valuation Score. Brookfield Asset Management Reinsurance has a valuation score of 71, which is 30 points higher than the reinsurance insurance industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Brookfield Asset Management Reinsurance's stock has gained 42.67% in the past year. It has overperformed other stocks in the reinsurance insurance industry by 27 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 30 points higher than the reinsurance insurance industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Greenlight Capital Re (NASDAQ:GLRE) is the third most undervalued reinsurance insurance stock based on WallStreetZen's Valuation Score. Greenlight Capital Re has a valuation score of 71, which is 30 points higher than the reinsurance insurance industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Greenlight Capital Re's stock has gained 36.85% in the past year. It has overperformed other stocks in the reinsurance insurance industry by 21 percentage points.