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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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
MMC
MARSH & MCLENNAN COMPANIES INC
$101.27B$205.98$204.78-0.58%Hold96.01%7.36%N/AN/A
BRO
BROWN & BROWN INC
$25.02B$87.54$85.38-2.47%Hold87.59%-9.22%N/AN/A
ERIE
ERIE INDEMNITY CO
$18.55B$401.57N/AN/AN/AN/A11.43%N/AN/AN/A
AJG
ARTHUR J GALLAGHER & CO
$54.21B$250.04$261.434.55%Buy78.84%64.27%N/AN/A
WTW
WILLIS TOWERS WATSON PLC
$28.18B$275.00$291.365.95%Buy114.79%52.00%N/AN/A
FANH
FANHUA INC
$254.24M$4.75N/AN/AN/AN/AN/AN/AN/AN/A
HUIZ
HUIZE HOLDING LTD
$29.06M$0.59N/AN/AN/AN/AN/AN/AN/AN/A
AON
AON PLC
$66.18B$333.72$321.67-3.61%Hold910.26%20.45%N/AN/A
CRD.A
CRAWFORD & CO
$463.79M$9.43$11.0016.65%Buy1N/AN/AN/AN/A
EHTH
EHEALTH INC
$174.50M$6.03$10.0065.84%Hold25.00%N/AN/AN/A
CRVL
CORVEL CORP
$4.50B$262.96N/AN/AN/AN/AN/AN/AN/AN/A
SLQT
SELECTQUOTE INC
$337.99M$2.00N/AN/AN/AN/A9.08%N/AN/AN/A
RELI
RELIANCE GLOBAL GROUP INC
$841.11k$0.34N/AN/AN/AN/AN/AN/AN/AN/A
BRP
BRP GROUP INC
$3.38B$28.94$31.207.81%Buy514.48%N/AN/AN/A
GOCO
GOHEALTH INC
$236.28M$10.51$13.0023.69%Hold10.86%N/AN/AN/A
TIRX
TIAN RUIXIANG HOLDINGS LTD
$1.19M$0.43N/AN/AN/AN/AN/AN/AN/AN/A
CCG
CHECHE GROUP INC
$299.20M$3.68N/AN/AN/AN/AN/AN/AN/AN/A
RDZN
ROADZEN INC
$444.87M$6.50N/AN/AN/AN/AN/AN/AN/AN/A

Insurance Stocks FAQ

What are the best insurance stocks to buy right now in Mar 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 54, which is 23 points higher than the insurance industry average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Marsh & Mclennan Companies has seen its stock return 26.91% over the past year, underperforming other insurance stocks by -4 percentage points.

Marsh & Mclennan Companies has an average 1 year price target of $204.78, a downside of -0.58% from Marsh & Mclennan Companies's current stock price of $205.98.

Marsh & Mclennan Companies stock has a consensus Hold recommendation according to Wall Street analysts. Of the 9 analysts covering Marsh & Mclennan Companies, 11.11% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% have issued a hold, while 11.11% have issued a Sell rating, and 11.11% 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 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 56.94% over the past year, overperforming other insurance stocks by 26 percentage points.

Brown & Brown has an average 1 year price target of $85.38, a downside of -2.47% from Brown & Brown's current stock price of $87.54.

Brown & Brown stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Brown & Brown, 12.5% have issued a Strong Buy rating, 25% have issued a Buy, 37.5% have issued a hold, while 25% 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 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. Erie Indemnity Co has seen its stock return 75.83% over the past year, overperforming other insurance stocks by 45 percentage points.

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 1.32%, which is the same as 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 1.21%, 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 50.6% 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 0.9%, 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 -0.02% in the last day, and up 0.36% over the last week.

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

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 44 points higher than the insurance industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Fanhua's stock has dropped -43.65% in the past year. It has underperformed other stocks in the insurance industry by -74 percentage points.

2. Willis Towers Watson (NASDAQ:WTW)


Willis Towers Watson (NASDAQ:WTW) is the second most undervalued insurance stock based on WallStreetZen's Valuation Score. Willis Towers Watson has a valuation score of 71, which is 44 points higher than the insurance industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Willis Towers Watson's stock has gained 19.88% in the past year. It has underperformed other stocks in the insurance industry by -11 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 43, which is 16 points higher than the insurance industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Huize Holding's stock has dropped -54.92% in the past year. It has underperformed other stocks in the insurance industry by -86 percentage points.

Are insurance stocks a good buy now?

55.56% of insurance stocks rated by analysts are a hold right now. On average, analysts expect insurance stocks to rise by 1.87% 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 32.88x.
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