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Best Insurance Stocks to Buy Now (2024)
Top insurance stocks in 2024 ranked by overall Due Diligence Score. See the best insurance stocks to buy now, according to analyst forecasts for the insurance brokers industry.

Industry: Insurance Brokers

Overview Due Diligence Score Price Valuation Financials Forecast Earnings & Revenue

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
ZBAO	ZHIBAO TECHNOLOGY INC	$87.95M	$25.80M	$3.21M	$1.86M	$0.06	28.89%	N/A	N/A	N/A
MMC	MARSH & MCLENNAN COMPANIES INC	$110.58B	$23.95B	$7.10B	$4.03B	$8.17	7.84%	8.26%	16.38%	22.35%	2025-01-23
ERIE	ERIE INDEMNITY CO	$19.02B	$3.69B	$705.40M	$559.21M	$12.00	17.03%	8.47%	39.53%	11.83%
BRO	BROWN & BROWN INC	$31.22B	$4.65B	$1.79B	$1.05B	$3.70	12.48%	14.89%	40.15%	21.28%	2025-01-20
AJG	ARTHUR J GALLAGHER & CO	$65.10B	$11.27B	$2.64B	$1.17B	$5.37	16.57%	9.59%	0.94%	7.62%	2025-01-23
AON	AON PLC	$81.75B	$14.93B	$4.35B	$2.44B	$11.93	13.67%	6.49%	-9.96%	13.88%	2025-02-03
CRD.A	CRAWFORD & CO	$559.70M	$1.30B	$82.41M	$20.06M	$0.41	-2.80%	4.13%	13.89%	-8.23%
CRVL	CORVEL CORP	$6.04B	$845.64M	$129.53M	$81.52M	$4.76	12.66%	7.31%	9.17%	12.86%	2025-01-27
EHTH	EHEALTH INC	$169.21M	$464.89M	$4.09M	-$78.96M	-$2.61	15.78%	6.50%	N/A	N/A
AIFU	AIX INC	$61.87M	$433.08M	N/A	$19.90M	$0.39	-8.28%	-3.63%	-36.51%	N/A
HUIZ	HUIZE HOLDING LTD	$26.76M	$1.12B	N/A	$21.72M	$0.60	-12.18%	N/A	0.00%	N/A
SLQT	SELECTQUOTE INC	$512.80M	$1.38B	$102.03M	-$47.62M	-$0.27	28.72%	N/A	N/A	N/A	2025-02-05
BWIN	BALDWIN INSURANCE GROUP INC	$5.56B	$1.34B	$195.36M	-$38.84M	-$0.63	13.89%	61.55%	N/A	N/A
TWFG	TWFG INC	$1.85B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TIRX	TIAN RUIXIANG HOLDINGS LTD	$2.23M	$697.73k	-$3.33M	-$3.57M	-$4.05	-38.32%	N/A	N/A	N/A
GOCO	GOHEALTH INC	$247.15M	$686.46M	$153.13M	-$29.66M	-$3.31	30.17%	N/A	N/A	N/A
WTW	WILLIS TOWERS WATSON PLC	$32.49B	$9.81B	-$26.00M	-$722.00M	-$7.30	5.58%	2.38%	N/A	N/A	2025-02-03
RELI	RELIANCE GLOBAL GROUP INC	$2.72M	$14.08M	-$13.02M	-$16.70M	-$84.18	4.71%	N/A	N/A	N/A

Insurance Stocks FAQ

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

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

1. Zhibao Technology (NASDAQ:ZBAO)

Zhibao Technology (NASDAQ:ZBAO) is the top insurance stock with a Due Diligence Score of 58, which is 27 points higher than the insurance industry average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals.

2. Marsh & Mclennan Companies (NYSE:MMC)

Marsh & Mclennan Companies (NYSE:MMC) is the second best insurance stock with a Due Diligence Score of 53, which is 22 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 15.21% over the past year, underperforming other insurance stocks by -15 percentage points.

Marsh & Mclennan Companies has an average 1 year price target of $233.67, an upside of 3.78% from Marsh & Mclennan Companies's current stock price of $225.16.

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, 75% have issued a hold, while 8.33% 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 Due Diligence Score of 48, which is 17 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 36.65% over the past year, overperforming other insurance stocks by 7 percentage points.

What are the insurance stocks with highest dividends?

Out of 6 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 1.35%, which is 1 percentage points higher than the insurance industry average of 0.69%. 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 37.3% 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 1.24%, which is 1 percentage points higher than the insurance industry average of 0.69%. 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 42.5% 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 0.61%, which is the same as the insurance industry average of 0.69%. 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 32.6% indicates that its dividend yield is sustainable for the long-term.

Why are insurance stocks down?

Insurance stocks were down -1.4% in the last day, and down -3.85% 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. Aix (NASDAQ:AIFU)

Aix (NASDAQ:AIFU) is the most undervalued insurance stock based on WallStreetZen's Valuation Score. Aix has a valuation score of 71, which is 51 points higher than the insurance industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Aix's stock has dropped -83.31% in the past year. It has underperformed other stocks in the insurance industry by -113 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 57, which is 37 points higher than the insurance industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Huize Holding's stock has dropped -38.14% in the past year. It has underperformed other stocks in the insurance industry by -68 percentage points.

3. Crawford & Co (NYSE:CRD.A)

Crawford & Co (NYSE:CRD.A) is the third most undervalued insurance stock based on WallStreetZen's Valuation Score. Crawford & Co has a valuation score of 57, which is 37 points higher than the insurance industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Crawford & Co's stock has dropped -1.81% in the past year. It has underperformed other stocks in the insurance industry by -32 percentage points.

Are insurance stocks a good buy now?

54.55% of insurance stocks rated by analysts are a hold right now. On average, analysts expect insurance stocks to rise by 1.67% 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 26.5x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.