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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
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
MMC
MARSH & MCLENNAN COMPANIES INC
52
29
71
0
80
80
HUIZ
HUIZE HOLDING LTD
49
71
86
0
40
–
BRO
BROWN & BROWN INC
49
43
71
0
70
60
AJG
ARTHUR J GALLAGHER & CO
44
29
57
56
20
60
ERIE
ERIE INDEMNITY CO
42
14
86
11
60
40

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Insurance Stocks FAQ

What are the best insurance stocks to buy right now in Apr 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 52, which is 21 points higher than the insurance industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Marsh & Mclennan Companies has seen its stock return 13.31% over the past year, underperforming other insurance stocks by -3 percentage points.

Marsh & Mclennan Companies has an average 1 year price target of $207.33, an upside of 2.91% from Marsh & Mclennan Companies's current stock price of $201.47.

Marsh & Mclennan Companies stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Marsh & Mclennan Companies, 8.33% have issued a Strong Buy rating, 8.33% have issued a Buy, 66.67% have issued a hold, while 8.33% have issued a Sell rating, and 8.33% have issued a Strong Sell.

2. Huize Holding (NASDAQ:HUIZ)


Huize Holding (NASDAQ:HUIZ) is the second best insurance stock with a Zen Score of 49, which is 18 points higher than the insurance industry average of 31. It passed 15 out of 33 due diligence checks and has strong fundamentals. Huize Holding has seen its stock lose -48.32% over the past year, underperforming other insurance stocks by -65 percentage points.

3. Brown & Brown (NYSE:BRO)


Brown & Brown (NYSE:BRO) is the third best insurance stock with a Zen Score of 49, which is 18 points higher than the insurance industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Brown & Brown has seen its stock return 30.58% over the past year, overperforming other insurance stocks by 14 percentage points.

Brown & Brown has an average 1 year price target of $87.56, an upside of 6.41% from Brown & Brown's current stock price of $82.28.

Brown & Brown stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Brown & Brown, 22.22% have issued a Strong Buy rating, 22.22% have issued a Buy, 33.33% have issued a hold, while 22.22% 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. Marsh & Mclennan Companies (NYSE:MMC)


Marsh & Mclennan Companies (NYSE:MMC) has an annual dividend yield of 1.41%, which is 1 percentage points higher than the insurance industry average of 0.86%. 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 35.8% 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 1.3%, which is the same as the insurance industry average of 0.86%. 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 47.4% 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 0.95%, which is the same as the insurance industry average of 0.86%. 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 48.8% indicates that its dividend yield is sustainable for the long-term.

Why are insurance stocks down?

Insurance stocks were down -0.81% in the last day, and up 0.11% over the last week. Willis Towers Watson was the among the top losers in the insurance brokers industry, dropping -2.86% yesterday.

Willis Towers Watson shares are trading lower after the company reported worse-than-expected Q1 sales results.

What are the most undervalued insurance stocks?

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

1. Fanhua (NASDAQ:FANH)


Fanhua (NASDAQ:FANH) is the most undervalued insurance stock based on WallStreetZen's Valuation Score. Fanhua has a valuation score of 71, which is 46 points higher than the insurance industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Fanhua's stock has dropped -57.88% in the past year. It has underperformed other stocks in the insurance industry by -74 percentage points.

2. Huize Holding (NASDAQ:HUIZ)


Huize Holding (NASDAQ:HUIZ) is the second most undervalued insurance stock based on WallStreetZen's Valuation Score. Huize Holding has a valuation score of 71, which is 46 points higher than the insurance industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Huize Holding's stock has dropped -48.32% in the past year. It has underperformed other stocks in the insurance industry by -65 percentage points.

3. Willis Towers Watson (NASDAQ:WTW)


Willis Towers Watson (NASDAQ:WTW) is the third most undervalued insurance stock based on WallStreetZen's Valuation Score. Willis Towers Watson has a valuation score of 57, which is 32 points higher than the insurance industry average of 25. It passed 4 out of 7 valuation due diligence checks.

Willis Towers Watson's stock has gained 7.23% in the past year. It has underperformed other stocks in the insurance industry by -9 percentage points.

Are insurance stocks a good buy now?

50% of insurance stocks rated by analysts are a hold right now. On average, analysts expect insurance stocks to rise by 9.54% 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 30.51x.
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