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Best Insurance Stocks to Buy Now (2023)
Top insurance stocks in 2023 ranked by overall Zen Score. See the best insurance stocks to buy now, according to analyst forecasts for the insurance brokers industry.

Industry: Insurance Brokers
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
AJG
ARTHUR J GALLAGHER & CO
NYSE
Insurance Brokers
$39.38B$185.660.66%$2.18B35.03x3.25
WTW
WILLIS TOWERS WATSON PLC
NASDAQ
Insurance Brokers
$24.11B$226.220.01%$2.10B25.14x2.16
BRO
BROWN & BROWN INC
NYSE
Insurance Brokers
$15.74B$55.360.54%$1.20B23.26x2.03
ERIE
ERIE INDEMNITY CO
NASDAQ
Insurance Brokers
$10.36B$224.190.30%$378.46M34.98x0.55
BRP
BRP GROUP INC
NASDAQ
Insurance Brokers
$2.82B$24.281.08%$116.37M-32.81x3.82
AON
AON PLC
NYSE
Insurance Brokers
$63.42B$309.162.04%$3.77B25.28x-62.63
MMC
MARSH & MCLENNAN COMPANIES INC
NYSE
Insurance Brokers
$79.39B$160.531.18%$5.64B26.27x2.16
EHTH
EHEALTH INC
NASDAQ
Insurance Brokers
$217.60M$7.88-0.13%-$102.54M-1.81x0.31
CRVL
CORVEL CORP
NASDAQ
Insurance Brokers
$3.20B$186.701.73%$113.10M47.99x1.09
HUIZ
HUIZE HOLDING LTD
NASDAQ
Insurance Brokers
$60.76M$1.194.94%N/A-0.66x2.75
RELI
RELIANCE GLOBAL GROUP INC
NASDAQ
Insurance Brokers
$3.18M$2.641.93%$9.98M-0.22x0.95
TIRX
TIAN RUIXIANG HOLDINGS LTD
NASDAQ
Insurance Brokers
$3.00M$1.080.93%-$4.45M-0.60x0.05
FANH
FANHUA INC
NASDAQ
Insurance Brokers
$446.87M$8.321.96%$20.57M31.76x0.84
GOCO
GOHEALTH INC
NASDAQ
Insurance Brokers
$319.73M$14.512.83%$20.15M-0.82x4.16
CRD.A
CRAWFORD & CO
NYSE
Insurance Brokers
$393.48M$8.077.31%$51.68M-21.81x5.37
SLQT
SELECTQUOTE INC
NYSE
Insurance Brokers
$301.39M$1.812.26%-$73.44M-2.23x2.40
1

Insurance Stocks FAQ

What are the best insurance stocks to buy right now in Mar 2023?

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

1. Arthur J Gallagher & Co (NYSE:AJG)


Arthur J Gallagher & Co (NYSE:AJG) is the top insurance stock with a Zen Score of 49, which is 17 points higher than the insurance industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Arthur J Gallagher & Co has seen its stock return 11.66% over the past year, overperforming other insurance stocks by 15 percentage points.

Arthur J Gallagher & Co has an average 1 year price target of $213.62, an upside of 15.06% from Arthur J Gallagher & Co's current stock price of $185.66.

Arthur J Gallagher & Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Arthur J Gallagher & Co, 53.85% have issued a Strong Buy rating, 15.38% have issued a Buy, 30.77% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Willis Towers Watson (NASDAQ:WTW)


Willis Towers Watson (NASDAQ:WTW) is the second best insurance stock with a Zen Score of 46, which is 14 points higher than the insurance industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Willis Towers Watson has seen its stock lose -3.61% over the past year, underperforming other insurance stocks by -1 percentage points.

Willis Towers Watson has an average 1 year price target of $267.23, an upside of 18.13% from Willis Towers Watson's current stock price of $226.22.

Willis Towers Watson stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Willis Towers Watson, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Brown & Brown (NYSE:BRO)


Brown & Brown (NYSE:BRO) is the third best insurance stock with a Zen Score of 41, which is 9 points higher than the insurance industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Brown & Brown has seen its stock lose -19.76% over the past year, underperforming other insurance stocks by -17 percentage points.

Brown & Brown has an average 1 year price target of $66.89, an upside of 20.83% from Brown & Brown's current stock price of $55.36.

Brown & Brown stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Brown & Brown, 11.11% have issued a Strong Buy rating, 22.22% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the insurance stocks with highest dividends?

Out of 5 insurance stocks that have issued dividends in the past year, the 3 insurance stocks with the highest dividend yields are:

1. Erie Indemnity Co (NASDAQ:ERIE)


Erie Indemnity Co (NASDAQ:ERIE) has an annual dividend yield of 2.02%, which is 1 percentage points higher than the insurance industry average of 1.28%. Erie Indemnity Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Erie Indemnity Co's dividend has shown consistent growth over the last 10 years.

Erie Indemnity Co's dividend payout ratio of 70.5% indicates that its dividend yield is sustainable for the long-term.

2. Willis Towers Watson (NASDAQ:WTW)


Willis Towers Watson (NASDAQ:WTW) has an annual dividend yield of 1.45%, which is the same as the insurance industry average of 1.28%. Willis Towers Watson's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Willis Towers Watson's dividend has shown consistent growth over the last 10 years.

Willis Towers Watson's dividend payout ratio of 36.4% indicates that its dividend yield is sustainable for the long-term.

3. Marsh & Mclennan Companies (NYSE:MMC)


Marsh & Mclennan Companies (NYSE:MMC) has an annual dividend yield of 1.44%, which is the same as the insurance industry average of 1.28%. Marsh & Mclennan Companies's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Marsh & Mclennan Companies's dividend has shown consistent growth over the last 10 years.

Marsh & Mclennan Companies's dividend payout ratio of 37.7% indicates that its dividend yield is sustainable for the long-term.

Why are insurance stocks up?

Insurance stocks were up 1.07% in the last day, and up 1.86% over the last week.

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

What are the most undervalued insurance stocks?

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

1. Willis Towers Watson (NASDAQ:WTW)


Willis Towers Watson (NASDAQ:WTW) is the most undervalued insurance stock based on WallStreetZen's Valuation Score. Willis Towers Watson has a valuation score of 57, which is 28 points higher than the insurance industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Willis Towers Watson's stock has dropped -3.61% in the past year. It has underperformed other stocks in the insurance industry by -1 percentage points.

2. Fanhua (NASDAQ:FANH)


Fanhua (NASDAQ:FANH) is the second most undervalued insurance stock based on WallStreetZen's Valuation Score. Fanhua has a valuation score of 43, which is 14 points higher than the insurance industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Fanhua's stock has gained 14.29% in the past year. It has overperformed other stocks in the insurance industry by 17 percentage points.

3. Ehealth (NASDAQ:EHTH)


Ehealth (NASDAQ:EHTH) is the third most undervalued insurance stock based on WallStreetZen's Valuation Score. Ehealth has a valuation score of 43, which is 14 points higher than the insurance industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Ehealth's stock has dropped -36.81% in the past year. It has underperformed other stocks in the insurance industry by -34 percentage points.

Are insurance stocks a good buy now?

41.67% of insurance stocks rated by analysts are a buy right now. On average, analysts expect insurance stocks to rise by 11.68% over the next year.

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

The average P/E ratio of the insurance brokers industry is 26.93x.
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