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Best Specialty Insurance Stocks to Buy Now (2024)
Top specialty insurance stocks in 2024 ranked by overall Zen Score. See the best specialty insurance stocks to buy now, according to analyst forecasts for the insurance - specialty industry.

Industry: Insurance - Specialty
Ticker
Company
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
AXS
AXIS CAPITAL HOLDINGS LTD
$65.02$113.17-42.54%16.01x8.16x0.98x1.04x0.25x$1.26B22.68%$5.26B61.82$5.63B10.30
MTG
MGIC INVESTMENT CORP
$22.36$37.60-40.52%8.91x6.62x5.49x1.19x0.33x$713.30M11.25%$5.07B17.88$6.30B6.47
AIZ
ASSURANT INC
$188.24$182.543.12%15.66x11.56x0.90x2.03x0.57x$935.60M9.30%$4.81B89.97$10.24B9.21
AGO
ASSURED GUARANTY LTD
$87.25$137.72-36.65%6.96xN/A3.52x0.85x0.44x$461.00M9.53%$5.71B103.01$6.44B8.74
ESNT
ESSENT GROUP LTD
$59.51$56.425.48%9.07x8.17x5.70x1.25x1.02x$759.00M12.01%$5.10B48.04$6.64B7.74
NMIH
NMI HOLDINGS INC
$32.34$31.163.79%8.27x7.65x4.60x1.36x1.17x$333.31M12.51%$1.93B23.37$2.92B6.39
ICCH
ICC HOLDINGS INC
$16.00$21.79-26.58%11.11xN/A0.57x0.75x0.40x$7.92M16.81%$67.00M22.74$63.73M9.85
EIG
EMPLOYERS HOLDINGS INC
$45.39$25.5377.79%10.13xN/A1.35x1.13x16.88x$47.20M4.11%$1.01B40.07$927.77M5.84
ITIC
INVESTORS TITLE CO
$163.19N/AN/A14.25xN/A1.37x1.23xN/A-$1.23M-0.40%$251.55M132.89$290.95M10.04
ACT
ENACT HOLDINGS INC
$31.18N/AN/A7.53x8.71x4.35x1.07xN/A$632.04M12.60%$4.63B28.80$5.09B5.64
RDN
RADIAN GROUP INC
$33.47$26.8724.57%8.78xN/A4.27x1.15x1.97x$513.15M9.70%$4.40B27.81$6.59B7.08
RYAN
RYAN SPECIALTY HOLDINGS INC
$55.50$21.31160.40%104.72x31.71x3.05x25.80x1.06x$447.43M7.05%$559.75M4.90$15.76B46.37
AMSF
AMERISAFE INC
$50.17N/AN/A15.48x20.99x3.13x3.28xN/A$29.29M3.05%$292.45M15.27$921.32M11.69
FNF
FIDELITY NATIONAL FINANCIAL INC
$53.10N/AN/A27.80xN/A1.22x2.10xN/A$6.35B44.26%$6.91B25.59$16.02B10.85
FAF
FIRST AMERICAN FINANCIAL CORP
$61.05N/AN/A29.35xN/A1.06x1.30xN/A$91.00M1.43%$4.85B46.48$4.88B8.17
TIPT
TIPTREE INC
$17.28N/AN/A45.47xN/A0.38x1.52xN/A$57.42M9.06%$416.87M11.36$545.08M4.69
HIPO
HIPPO HOLDINGS INC
$18.27N/AN/A-1.58x-2.71x2.05x1.18xN/A-$139.10M-32.29%$377.90M16.03$249.06M-0.99
MBI
MBIA INC
$6.76N/AN/A-0.66xN/A46.62x-0.21xN/A-$195.00M-59.84%-$1.66B-34.37$3.62B-12.93
TRUP
TRUPANION INC
$27.61N/AN/A-25.56x-46.02x1.03x3.80xN/A$358.00k0.03%$303.72M7.33$1.11B-54.33
JRVR
JAMES RIVER GROUP HOLDINGS LTD
$9.30N/AN/A-2.96xN/A0.43x0.66xN/A$81.52M23.30%$534.62M14.21$329.85M-5.70
AMBC
AMBAC FINANCIAL GROUP INC
$15.63N/AN/A86.83xN/A2.65x0.52xN/A$200.00M28.04%$1.36B29.84$3.91B36.86

Specialty Insurance Stocks FAQ

What are the best specialty insurance stocks to buy right now in Mar 2024?

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

1. Axis Capital Holdings (NYSE:AXS)


Axis Capital Holdings (NYSE:AXS) is the top specialty insurance stock with a Zen Score of 54, which is 22 points higher than the specialty insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Axis Capital Holdings has seen its stock return 21.46% over the past year, underperforming other specialty insurance stocks by -6 percentage points.

Axis Capital Holdings has an average 1 year price target of $71.33, an upside of 9.71% from Axis Capital Holdings's current stock price of $65.02.

Axis Capital Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Axis Capital Holdings, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

2. Mgic Investment (NYSE:MTG)


Mgic Investment (NYSE:MTG) is the second best specialty insurance stock with a Zen Score of 52, which is 20 points higher than the specialty insurance industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Mgic Investment has seen its stock return 72% over the past year, overperforming other specialty insurance stocks by 44 percentage points.

Mgic Investment has an average 1 year price target of $20.63, a downside of -7.76% from Mgic Investment's current stock price of $22.36.

Mgic Investment stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Mgic Investment, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Assurant (NYSE:AIZ)


Assurant (NYSE:AIZ) is the third best specialty insurance stock with a Zen Score of 49, which is 17 points higher than the specialty insurance industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Assurant has seen its stock return 62.07% over the past year, overperforming other specialty insurance stocks by 34 percentage points.

Assurant has an average 1 year price target of $196.00, an upside of 4.12% from Assurant's current stock price of $188.24.

Assurant stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Assurant, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the specialty insurance stocks with highest dividends?

Out of 15 specialty insurance stocks that have issued dividends in the past year, the 3 specialty insurance stocks with the highest dividend yields are:

1. Mbia (NYSE:MBI)


Mbia (NYSE:MBI) has an annual dividend yield of 118.34%, which is 108 percentage points higher than the specialty insurance industry average of 10.57%. Mbia's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Mbia's dividend has not shown consistent growth over the last 10 years.

Mbia's dividend payout ratio of -78.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. Amerisafe (NASDAQ:AMSF)


Amerisafe (NASDAQ:AMSF) has an annual dividend yield of 9.75%, which is -1 percentage points lower than the specialty insurance industry average of 10.57%. Amerisafe's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Amerisafe's dividend has not shown consistent growth over the last 10 years.

Amerisafe's dividend payout ratio of 150% indicates that its high dividend yield might not be sustainable for the long-term.

3. Investors Title Co (NASDAQ:ITIC)


Investors Title Co (NASDAQ:ITIC) has an annual dividend yield of 3.58%, which is -7 percentage points lower than the specialty insurance industry average of 10.57%. Investors Title Co's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Investors Title Co's dividend has shown consistent growth over the last 10 years.

Investors Title Co's dividend payout ratio of 55% indicates that its dividend yield is sustainable for the long-term.

Why are specialty insurance stocks up?

Specialty insurance stocks were up 0.58% in the last day, and up 2.06% over the last week.

We couldn't find a catalyst for why specialty insurance stocks are up.

What are the most undervalued specialty insurance stocks?

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

1. Enact Holdings (NASDAQ:ACT)


Enact Holdings (NASDAQ:ACT) is the most undervalued specialty insurance stock based on WallStreetZen's Valuation Score. Enact Holdings has a valuation score of 71, which is 31 points higher than the specialty insurance industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Enact Holdings's stock has gained 38.64% in the past year. It has overperformed other stocks in the specialty insurance industry by 11 percentage points.

2. Axis Capital Holdings (NYSE:AXS)


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

Axis Capital Holdings's stock has gained 21.46% in the past year. It has underperformed other stocks in the specialty insurance industry by -6 percentage points.

3. Icc Holdings (NASDAQ:ICCH)


Icc Holdings (NASDAQ:ICCH) is the third most undervalued specialty insurance stock based on WallStreetZen's Valuation Score. Icc Holdings has a valuation score of 71, which is 31 points higher than the specialty insurance industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Icc Holdings's stock has gained 1.56% in the past year. It has underperformed other stocks in the specialty insurance industry by -26 percentage points.

Are specialty insurance stocks a good buy now?

50% of specialty insurance stocks rated by analysts are a buy right now. On average, analysts expect specialty insurance stocks to rise by 3.24% over the next year.

What is the average p/e ratio of the insurance - specialty industry?

The average P/E ratio of the insurance - specialty industry is 30.99x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.