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Sectors & IndustriesFinancial ServicesInsurance Brokers
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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
MMC
MARSH & MCLENNAN COMPANIES INC
United States
$99.73B492,724,02587.83%0.90%Net SellingNet Selling
BRO
BROWN & BROWN INC
United States
$23.48B285,801,86370.97%20.69%Net SellingNet Selling
ERIE
ERIE INDEMNITY CO
United States
$17.62B46,191,61019.13%80.87%Net SellingNet Selling
AJG
ARTHUR J GALLAGHER & CO
United States
$51.29B216,800,00085.47%3.35%Net SellingNet Selling
HUIZ
HUIZE HOLDING LTD
China
$30.33M994,559,4130.00%0.00%
WTW
WILLIS TOWERS WATSON PLC
United Kingdom
$27.11B102,481,45277.19%22.81%Net SellingNet Selling
FANH
FANHUA INC
China
$187.34M1,070,501,4930.48%0.00%
AON
AON PLC
United Kingdom
$61.51B198,297,73584.77%15.23%Net SellingNet Selling
CRD.A
CRAWFORD & CO
United States
$486.90M49,182,07513.29%86.71%Net Selling
EHTH
EHEALTH INC
United States
$129.93M28,938,50935.97%64.03%Net SellingNet Selling
CRVL
CORVEL CORP
United States
$4.01B17,094,27749.28%50.72%Net SellingNet Buying
SLQT
SELECTQUOTE INC
United States
$290.67M168,994,49234.76%54.76%Net Buying
RELI
RELIANCE GLOBAL GROUP INC
United States
$1.58M5,692,3873.21%96.79%Net Selling
ZBAO
ZHIBAO TECHNOLOGY INC
China
N/A45,583,3080.00%0.00%
BRP
BRP GROUP INC
United States
$3.22B116,672,01525.79%74.21%Net SellingNet Selling
GOCO
GOHEALTH INC
United States
$236.06M22,481,5762.71%97.29%Net BuyingNet Selling
CCG
CHECHE GROUP INC
China
$183.75M81,303,9210.08%0.00%
TIRX
TIAN RUIXIANG HOLDINGS LTD
China
$2.08M2,777,2001.00%0.00%
RDZN
ROADZEN INC
United States
$335.36M68,440,8296.04%70.06%Net Buying
1

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 16.62% over the past year.

Marsh & Mclennan Companies has an average 1 year price target of $205.33, an upside of 1.44% from Marsh & Mclennan Companies's current stock price of $202.41.

Marsh & Mclennan Companies stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Marsh & Mclennan Companies, 0% have issued a Strong Buy rating, 16.67% 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. Brown & Brown (NYSE:BRO)


Brown & Brown (NYSE:BRO) is the second best insurance stock with a Zen Score of 51, which is 20 points higher than the insurance industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Brown & Brown has seen its stock return 36.07% over the past year, overperforming other insurance stocks by 20 percentage points.

Brown & Brown has an average 1 year price target of $87.22, an upside of 6.15% from Brown & Brown's current stock price of $82.17.

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.

3. Erie Indemnity Co (NASDAQ:ERIE)


Erie Indemnity Co (NASDAQ:ERIE) is the third best insurance stock with a Zen Score of 45, which is 14 points higher than the insurance industry average of 31. It passed 17 out of 38 due diligence checks and has strong fundamentals. Erie Indemnity Co has seen its stock return 60.99% 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 1.4%, 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 1.29%, 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 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 0.95%, 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 48.8% indicates that its dividend yield is sustainable for the long-term.

Why are insurance stocks up?

Insurance stocks were up 0.79% in the last day, and up 0.55% 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. 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 45 points higher than the insurance industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Fanhua's stock has dropped -61.1% in the past year. It has underperformed other stocks in the insurance industry by -78 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 45 points higher than the insurance industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Willis Towers Watson's stock has gained 11.21% in the past year. It has underperformed other stocks in the insurance industry by -5 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 17 points higher than the insurance industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Huize Holding's stock has dropped -54.48% in the past year. It has underperformed other stocks in the insurance industry by -71 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 7.99% 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 30.9x.
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