WallStreetZenWallStreetZen

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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
MMC
MARSH & MCLENNAN COMPANIES INC
$102.43B$23.29B$6.80B$3.92B$7.9410.38%9.16%22.53%19.05%2024-07-18
BRO
BROWN & BROWN INC
$25.49B$4.40B$1.62B$928.00M$3.2716.24%15.59%34.57%19.89%2024-07-22
ERIE
ERIE INDEMNITY CO
$17.97B$3.40B$610.09M$484.37M$10.3916.32%7.16%53.02%10.18%2024-07-25
AJG
ARTHUR J GALLAGHER & CO
$55.08B$10.62B$2.42B$1.09B$5.0320.42%8.43%-8.38%5.88%2024-07-25
HUIZ
HUIZE HOLDING LTD
$41.27M$1.20B$109.51M$70.19M$1.403.25%18.63%N/AN/A
AON
AON PLC
$61.04B$13.58B$3.96B$2.59B$12.877.06%4.64%2.63%21.11%2024-07-25
WTW
WILLIS TOWERS WATSON PLC
$25.89B$9.58B$2.10B$1.04B$9.957.04%2.34%0.81%11.09%2024-07-23
CRVL
CORVEL CORP
$4.74B$795.31M$121.35M$76.25M$4.4510.68%5.95%16.19%12.40%
FANH
FANHUA INC
$175.81M$442.38M$61.36M$38.79M$0.7213.04%-2.13%184.11%-12.36%2024-05-28
ZBAO
ZHIBAO TECHNOLOGY INC
N/A$19.74M-$5.32M-$5.99M-$0.2221.51%N/AN/AN/A
EHTH
EHEALTH INC
$161.93M$472.11M$7.42M-$66.18M-$2.3126.29%11.25%N/AN/A
CRD.A
CRAWFORD & CO
$467.86M$1.31B$87.86M$22.77M$0.472.68%3.69%N/A0.00%
SLQT
SELECTQUOTE INC
$509.17M$1.24B$58.63M-$50.95M-$0.3134.32%N/AN/AN/A
BWIN
BALDWIN INSURANCE GROUP INC
$3.96B$1.27B$170.01M-$54.43M-$0.9118.74%N/AN/AN/A2024-06-05
TIRX
TIAN RUIXIANG HOLDINGS LTD
$1.77M$1.13M-$2.56M-$2.67M-$4.55-46.12%N/AN/AN/A
RELI
RELIANCE GLOBAL GROUP INC
$2.34M$13.88M-$11.31M-$15.57M-$5.199.75%N/AN/AN/A
GOCO
GOHEALTH INC
$222.96M$737.11M$116.99M-$63.29M-$7.0735.44%N/AN/AN/A

Insurance Stocks FAQ

What are the best insurance stocks to buy right now in May 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 20 points higher than the insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Marsh & Mclennan Companies has seen its stock return 20.13% over the past year, underperforming other insurance stocks by -3 percentage points.

Marsh & Mclennan Companies has an average 1 year price target of $209.31, an upside of 0.68% from Marsh & Mclennan Companies's current stock price of $207.89.

Marsh & Mclennan Companies stock has a consensus Hold recommendation according to Wall Street analysts. Of the 13 analysts covering Marsh & Mclennan Companies, 7.69% have issued a Strong Buy rating, 7.69% have issued a Buy, 69.23% have issued a hold, while 7.69% have issued a Sell rating, and 7.69% 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 17 points higher than the insurance industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Brown & Brown has seen its stock return 41.64% over the past year, overperforming other insurance stocks by 18 percentage points.

Brown & Brown has an average 1 year price target of $89.44, an upside of 0.09% from Brown & Brown's current stock price of $89.36.

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, 44.44% have issued a hold, while 11.11% 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 43, which is 11 points higher than the insurance industry average of 32. It passed 16 out of 38 due diligence checks and has strong fundamentals. Erie Indemnity Co has seen its stock return 78.97% over the past year, overperforming other insurance stocks by 55 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 1.37%, which is 1 percentage points higher than the insurance industry average of 0.85%. 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 1.27%, which is the same as the insurance industry average of 0.85%. 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 0.89%, which is the same as the insurance industry average of 0.85%. 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 44.7% indicates that its dividend yield is sustainable for the long-term.

Why are insurance stocks up?

Insurance stocks were up 0.64% in the last day, and down -1.31% 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 33 points higher than the insurance industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Willis Towers Watson's stock has gained 14.77% in the past year. It has underperformed other stocks in the insurance industry by -9 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 43, which is 19 points higher than the insurance industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Huize Holding's stock has dropped -20.19% in the past year. It has underperformed other stocks in the insurance industry by -44 percentage points.

3. Fanhua (NASDAQ:FANH)


Fanhua (NASDAQ:FANH) is the third most undervalued insurance stock based on WallStreetZen's Valuation Score. Fanhua has a valuation score of 43, which is 19 points higher than the insurance industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Fanhua's stock has dropped -57.53% in the past year. It has underperformed other stocks in the insurance industry by -81 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 9.53% 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 30.03x.
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.