According to Zen Score, the 3 best specialty insurance stocks to buy right now are:
1. Mgic Investment (NYSE:MTG)
Mgic Investment (NYSE:MTG) is the top specialty insurance stock with a Zen Score of 54, which is 21 points higher than the specialty insurance industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Mgic Investment has seen its stock return 41.76% over the past year, overperforming other specialty insurance stocks by 27 percentage points.
Mgic Investment has an average 1 year
price target of $21.30, an upside of 3.2% from Mgic Investment's current stock price of $20.64.
Mgic Investment stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Mgic Investment, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Assurant (NYSE:AIZ)
Assurant (NYSE:AIZ) is the second best specialty insurance stock with a Zen Score of 52, which is 19 points higher than the specialty insurance industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. Assurant has seen its stock return 33.36% over the past year, overperforming other specialty insurance stocks by 19 percentage points.
Assurant has an average 1 year
price target of $197.33, an upside of 12.07% from Assurant's current stock price of $176.08.
Assurant stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Assurant, 66.67% have issued a Strong Buy rating, 0% 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. Essent Group (NYSE:ESNT)
Essent Group (NYSE:ESNT) is the third best specialty insurance stock with a Zen Score of 50, which is 17 points higher than the specialty insurance industry average of 33. It passed 17 out of 38 due diligence checks and has strong fundamentals. Essent Group has seen its stock return 30.57% over the past year, overperforming other specialty insurance stocks by 16 percentage points.
Essent Group has an average 1 year
price target of $59.40, an upside of 8.91% from Essent Group's current stock price of $54.54.
Essent Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Essent 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.