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Best Insurance Stocks to Buy Now (2024)
Top insurance stocks in 2024 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
MMC
MARSH & MCLENNAN COMPANIES INC
NYSE
Insurance Brokers
$111.88B$227.521.10%$6.98B27.99x2.62
BRO
BROWN & BROWN INC
NYSE
Insurance Brokers
$30.22B$105.941.14%$1.71B30.27x1.64
ERIE
ERIE INDEMNITY CO
NASDAQ
Insurance Brokers
$24.63B$533.27-0.27%$668.33M46.86x0.47
AJG
ARTHUR J GALLAGHER & CO
NYSE
Insurance Brokers
$63.48B$289.710.63%$2.54B55.29x4.44
CRVL
CORVEL CORP
NASDAQ
Insurance Brokers
$5.49B$320.351.88%$124.32M70.41x0.84
CRD.A
CRAWFORD & CO
NYSE
Insurance Brokers
$590.03M$12.000.00%$86.90M25.53x4.20
WTW
WILLIS TOWERS WATSON PLC
NASDAQ
Insurance Brokers
$29.72B$292.650.90%$2.13B28.03x2.16
EHTH
EHEALTH INC
NASDAQ
Insurance Brokers
$132.62M$4.51-0.44%$6.97M-1.83x0.32
BWIN
BALDWIN INSURANCE GROUP INC
NASDAQ
Insurance Brokers
$6.15B$52.251.22%$181.70M-66.14x4.46
AON
AON PLC
NYSE
Insurance Brokers
$77.90B$358.580.97%$4.21B28.46x7.73
FANH
FANHUA INC
NASDAQ
Insurance Brokers
$90.68M$1.70-9.09%N/A4.33x0.72
HUIZ
HUIZE HOLDING LTD
NASDAQ
Insurance Brokers
$39.15M$0.79-2.71%N/A1.32x1.37
SLQT
SELECTQUOTE INC
NYSE
Insurance Brokers
$373.75M$2.18-2.68%$91.83M-10.90x2.77
ZBAO
ZHIBAO TECHNOLOGY INC
NASDAQ
Insurance Brokers
$118.56M$3.803.97%N/A-12.34x14.25
TIRX
TIAN RUIXIANG HOLDINGS LTD
NASDAQ
Insurance Brokers
$2.62M$1.84-5.64%-$3.33M-0.45x0.17
GOCO
GOHEALTH INC
NASDAQ
Insurance Brokers
$205.09M$8.98-5.47%$120.78M-1.38x4.58
RELI
RELIANCE GLOBAL GROUP INC
NASDAQ
Insurance Brokers
$2.73M$2.203.77%-$12.06M-0.03x5.35
TWFG
TWFG INC
NASDAQ
Insurance Brokers
$1.64B$29.26-1.38%N/AN/A1.33
1

Insurance Stocks FAQ

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

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

1. Marsh & Mclennan Companies (NYSE:MMC)


Marsh & Mclennan Companies (NYSE:MMC) is the top insurance stock with a Zen Score of 55, which is 25 points higher than the insurance industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Marsh & Mclennan Companies has seen its stock return 18.19% over the past year, underperforming other insurance stocks by -15 percentage points.

Marsh & Mclennan Companies has an average 1 year price target of $223.73, a downside of -1.67% from Marsh & Mclennan Companies's current stock price of $227.52.

Marsh & Mclennan Companies stock has a consensus Hold recommendation according to Wall Street analysts. Of the 11 analysts covering Marsh & Mclennan Companies, 9.09% have issued a Strong Buy rating, 0% have issued a Buy, 90.91% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Brown & Brown (NYSE:BRO)


Brown & Brown (NYSE:BRO) is the second best insurance stock with a Zen Score of 48, which is 18 points higher than the insurance industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Brown & Brown has seen its stock return 51.75% over the past year, overperforming other insurance stocks by 18 percentage points.

Brown & Brown has an average 1 year price target of $105.64, a downside of -0.29% from Brown & Brown's current stock price of $105.94.

Brown & Brown stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Brown & Brown, 27.27% have issued a Strong Buy rating, 18.18% have issued a Buy, 45.45% have issued a hold, while 9.09% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Erie Indemnity Co (NASDAQ:ERIE)


Erie Indemnity Co (NASDAQ:ERIE) is the third best insurance stock with a Zen Score of 44, which is 14 points higher than the insurance industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Erie Indemnity Co has seen its stock return 71.24% over the past year, overperforming other insurance stocks by 38 percentage points.

What are the insurance stocks with highest dividends?

Out of 4 insurance stocks that have issued dividends in the past year, the 3 insurance stocks with the highest dividend yields are:

1. Marsh & Mclennan Companies (NYSE:MMC)


Marsh & Mclennan Companies (NYSE:MMC) has an annual dividend yield of 1.34%, which is 1 percentage points higher than the insurance industry average of 0.71%. 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 34.9% indicates that its dividend yield is sustainable for the long-term.

2. Erie Indemnity Co (NASDAQ:ERIE)


Erie Indemnity Co (NASDAQ:ERIE) has an annual dividend yield of 0.96%, which is the same as the insurance industry average of 0.71%. 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 44.1% indicates that its dividend yield is sustainable for the long-term.

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


Arthur J Gallagher & Co (NYSE:AJG) has an annual dividend yield of 0.6%, which is the same as the insurance industry average of 0.71%. Arthur J Gallagher & Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Arthur J Gallagher & Co's dividend has shown consistent growth over the last 10 years.

Arthur J Gallagher & Co's dividend payout ratio of 32.4% indicates that its dividend yield is sustainable for the long-term.

Why are insurance stocks up?

Insurance stocks were up 0.7% in the last day, and up 2.78% 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. Crawford & Co (NYSE:CRD.A)


Crawford & Co (NYSE:CRD.A) is the most undervalued insurance stock based on WallStreetZen's Valuation Score. Crawford & Co has a valuation score of 71, which is 48 points higher than the insurance industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Crawford & Co's stock has gained 32.3% 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 71, which is 48 points higher than the insurance industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Fanhua's stock has dropped -76.62% in the past year. It has underperformed other stocks in the insurance industry by -110 percentage points.

3. Huize Holding (NASDAQ:HUIZ)


Huize Holding (NASDAQ:HUIZ) is the third most undervalued insurance stock based on WallStreetZen's Valuation Score. Huize Holding has a valuation score of 57, which is 34 points higher than the insurance industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Huize Holding's stock has dropped -28.18% in the past year. It has underperformed other stocks in the insurance industry by -62 percentage points.

Are insurance stocks a good buy now?

55.56% of insurance stocks rated by analysts are a buy right now. On average, analysts expect insurance stocks to fall by -0.13% 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 33.31x.
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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.