Sectors & IndustriesFinancial ServicesInsurance - Specialty

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.

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

Axis Capital Holdings (NYSE:AXS) is the top specialty insurance stock with a Zen Score of 56, which is 23 points higher than the specialty insurance industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Axis Capital Holdings has seen its stock return 35.18% over the past year, overperforming other specialty insurance stocks by 3 percentage points.

Axis Capital Holdings has an average 1 year price target of $83.00, an upside of 6.14% from Axis Capital Holdings's current stock price of $78.20.

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

Fidelity National Financial (NYSE:FNF) is the second best specialty insurance stock with a Zen Score of 48, which is 15 points higher than the specialty insurance industry average of 33. It passed 17 out of 38 due diligence checks and has strong fundamentals. Fidelity National Financial has seen its stock return 41.44% over the past year, overperforming other specialty insurance stocks by 9 percentage points.

Fidelity National Financial has an average 1 year price target of $63.25, an upside of 3.93% from Fidelity National Financial's current stock price of $60.86.

Fidelity National Financial stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Fidelity National Financial, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Investors Title Co (NASDAQ:ITIC) is the third best specialty insurance stock with a Zen Score of 47, which is 14 points higher than the specialty insurance industry average of 33. It passed 16 out of 38 due diligence checks and has strong fundamentals. Investors Title Co has seen its stock return 57.47% over the past year, overperforming other specialty insurance stocks by 25 percentage points.

Out of 12 specialty insurance stocks that have issued dividends in the past year, the 3 specialty insurance stocks with the highest dividend yields are:

Amerisafe (NASDAQ:AMSF) has an annual dividend yield of 10.05%, which is 8 percentage points higher than the specialty insurance industry average of 2.36%. Amerisafe's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Amerisafe's dividend has shown consistent growth over the last 10 years.

Amerisafe's dividend payout ratio of 164.5% indicates that its high dividend yield might not be sustainable for the long-term.

Fidelity National Financial (NYSE:FNF) has an annual dividend yield of 3.15%, which is 1 percentage points higher than the specialty insurance industry average of 2.36%. Fidelity National Financial's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Fidelity National Financial's dividend has shown consistent growth over the last 10 years.

Fidelity National Financial's dividend payout ratio of 56.1% indicates that its dividend yield is sustainable for the long-term.

James River Group Holdings (NASDAQ:JRVR) has an annual dividend yield of 3.03%, which is 1 percentage points higher than the specialty insurance industry average of 2.36%. James River Group Holdings's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. James River Group Holdings's dividend has not shown consistent growth over the last 10 years.

James River Group Holdings's dividend payout ratio of -6.4% indicates that its dividend yield might not be sustainable for the long-term.

Specialty insurance stocks were down -0.28% in the last day, and up 2.49% over the last week.

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

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

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 33 points higher than the specialty insurance industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Enact Holdings's stock has gained 31.36% in the past year. It has underperformed other stocks in the specialty insurance industry by -1 percentage points.

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 33 points higher than the specialty insurance industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Axis Capital Holdings's stock has gained 35.18% in the past year. It has overperformed other stocks in the specialty insurance industry by 3 percentage points.

Nmi Holdings (NASDAQ:NMIH) is the third most undervalued specialty insurance stock based on WallStreetZen's Valuation Score. Nmi Holdings has a valuation score of 71, which is 33 points higher than the specialty insurance industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Nmi Holdings's stock has gained 46.26% in the past year. It has overperformed other stocks in the specialty insurance industry by 14 percentage points.