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Best Life Insurance Stocks to Buy Now (2023)
Top life insurance stocks in 2023 ranked by overall Zen Score. See the best life insurance stocks to buy now, according to analyst forecasts for the insurance - diversified industry.

Industry: Insurance - Diversified
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
HIG
HARTFORD FINANCIAL SERVICES GROUP INC
NYSE
Insurance - Diversified
$23.78B$74.770.46%$3.30B12.91x4.54
EQH
EQUITABLE HOLDINGS INC
NYSE
Insurance - Diversified
$11.97B$32.35-0.52%$4.57B4.53x71.68
ACGL
ARCH CAPITAL GROUP LTD
NASDAQ
Insurance - Diversified
$22.66B$61.26-0.15%$1.54B19.20x2.93
AIG
AMERICAN INTERNATIONAL GROUP INC
NYSE
Insurance - Diversified
$43.65B$58.75-0.47%$23.68B3.46x12.35
PFG
PRINCIPAL FINANCIAL GROUP INC
NASDAQ
Insurance - Diversified
$22.59B$92.31-0.60%$6.89B4.41x28.88
SLF
SUN LIFE FINANCIAL INC
NYSE
Insurance - Diversified
$29.31B$50.02-0.42%$3.18B12.60x10.88
IGIC
INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD
NASDAQ
Insurance - Diversified
$417.35M$8.492.91%N/A6.02x2.67
ORI
OLD REPUBLIC INTERNATIONAL CORP
NYSE
Insurance - Diversified
$8.00B$26.28-0.45%$1.06B9.95x3.39
GSHD
GOOSEHEAD INSURANCE INC
NASDAQ
Insurance - Diversified
$1.67B$44.790.00%$23.99M4,479.00x58.41
AEG
AEGON NV
NYSE
Insurance - Diversified
$14.42B$5.39-1.10%$4.23B5.22x16.88
WDH
WATERDROP INC
NYSE
Insurance - Diversified
$1.22B$3.11-5.47%N/A22.06x0.24
BRK.B
BERKSHIRE HATHAWAY INC
NYSE
Insurance - Diversified
$678.34B$308.51-1.07%$10.36B-318.05x0.96
ESGR
ENSTAR GROUP LTD
NASDAQ
Insurance - Diversified
$4.14B$235.240.10%-$947.66M-3.54x4.24

Life Insurance Stocks FAQ

What are the best life insurance stocks to buy right now in Feb 2023?

According to Zen Score, the 3 best life insurance stocks to buy right now are:

1. Hartford Financial Services Group (NYSE:HIG)


Hartford Financial Services Group (NYSE:HIG) is the top life insurance stock with a Zen Score of 57, which is 19 points higher than the life insurance industry average of 38. It passed 21 out of 38 due diligence checks and has strong fundamentals. Hartford Financial Services Group has seen its stock return 3.57% over the past year, overperforming other life insurance stocks by 9 percentage points.

Hartford Financial Services Group has an average 1 year price target of $82.64, an upside of 10.52% from Hartford Financial Services Group's current stock price of $74.77.

Hartford Financial Services Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Hartford Financial Services Group, 27.27% have issued a Strong Buy rating, 18.18% have issued a Buy, 54.55% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Equitable Holdings (NYSE:EQH)


Equitable Holdings (NYSE:EQH) is the second best life insurance stock with a Zen Score of 49, which is 11 points higher than the life insurance industry average of 38. It passed 18 out of 38 due diligence checks and has strong fundamentals. Equitable Holdings has seen its stock lose -3.14% over the past year, overperforming other life insurance stocks by 2 percentage points.

Equitable Holdings has an average 1 year price target of $38.11, an upside of 17.81% from Equitable Holdings's current stock price of $32.35.

Equitable Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Equitable Holdings, 66.67% have issued a Strong Buy rating, 11.11% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Arch Capital Group (NASDAQ:ACGL)


Arch Capital Group (NASDAQ:ACGL) is the third best life insurance stock with a Zen Score of 48, which is 10 points higher than the life insurance industry average of 38. It passed 16 out of 33 due diligence checks and has strong fundamentals. Arch Capital Group has seen its stock return 28.19% over the past year, overperforming other life insurance stocks by 33 percentage points.

Arch Capital Group has an average 1 year price target of $63.71, an upside of 4.01% from Arch Capital Group's current stock price of $61.26.

Arch Capital Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Arch Capital Group, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the life insurance stocks with highest dividends?

Out of 8 life insurance stocks that have issued dividends in the past year, the 3 life insurance stocks with the highest dividend yields are:

1. Old Republic International (NYSE:ORI)


Old Republic International (NYSE:ORI) has an annual dividend yield of 7.31%, which is 4 percentage points higher than the life insurance industry average of 3.46%. Old Republic International's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Old Republic International's dividend has shown consistent growth over the last 10 years.

Old Republic International's dividend payout ratio of 72.3% indicates that its high dividend yield is sustainable for the long-term.

2. Sun Life Financial (NYSE:SLF)


Sun Life Financial (NYSE:SLF) has an annual dividend yield of 4.25%, which is 1 percentage points higher than the life insurance industry average of 3.46%. Sun Life Financial's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Sun Life Financial's dividend has shown consistent growth over the last 10 years.

Sun Life Financial's dividend payout ratio of 53.2% indicates that its dividend yield is sustainable for the long-term.

3. Aegon Nv (NYSE:AEG)


Aegon Nv (NYSE:AEG) has an annual dividend yield of 4.02%, which is 1 percentage points higher than the life insurance industry average of 3.46%. Aegon Nv's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Aegon Nv's dividend has not shown consistent growth over the last 10 years.

Aegon Nv's dividend payout ratio of 16.1% indicates that its dividend yield is sustainable for the long-term.

Why are life insurance stocks down?

Life insurance stocks were down -0.42% in the last day, and down -0.47% over the last week.

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

What are the most undervalued life insurance stocks?

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

1. International General Insurance Holdings (NASDAQ:IGIC)


International General Insurance Holdings (NASDAQ:IGIC) is the most undervalued life insurance stock based on WallStreetZen's Valuation Score. International General Insurance Holdings has a valuation score of 100, which is 54 points higher than the life insurance industry average of 46. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 10.84% in the past year. It has overperformed other stocks in the life insurance industry by 16 percentage points.

2. Aegon Nv (NYSE:AEG)


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

Aegon Nv's stock has dropped -8.95% in the past year. It has underperformed other stocks in the life insurance industry by -4 percentage points.

3. Arch Capital Group (NASDAQ:ACGL)


Arch Capital Group (NASDAQ:ACGL) is the third most undervalued life insurance stock based on WallStreetZen's Valuation Score. Arch Capital Group has a valuation score of 57, which is 11 points higher than the life insurance industry average of 46. It passed 4 out of 7 valuation due diligence checks.

Arch Capital Group's stock has gained 28.19% in the past year. It has overperformed other stocks in the life insurance industry by 33 percentage points.

Are life insurance stocks a good buy now?

53.85% of life insurance stocks rated by analysts are a buy right now. On average, analysts expect life insurance stocks to rise by 7.93% over the next year.

What is the average p/e ratio of the insurance - diversified industry?

The average P/E ratio of the insurance - diversified industry is -239.71x.
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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.