Sectors & IndustriesFinancial ServicesInsurance - Diversified

Best Life Insurance Stocks to Buy Now (2024)

Top life insurance stocks in 2024 ranked by overall Due Diligence Score. See the best life insurance stocks to buy now, according to analyst forecasts for the insurance - diversified industry.

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

Arch Capital Group (NASDAQ:ACGL) is the top life insurance stock with a Due Diligence Score of 47, which is 15 points higher than the life insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Arch Capital Group has seen its stock return 20.33% over the past year, underperforming other life insurance stocks by -10 percentage points.

Arch Capital Group has an average 1 year price target of $120.57, an upside of 22.42% from Arch Capital Group's current stock price of $98.49.

Arch Capital Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Arch Capital Group, 42.86% have issued a Strong Buy rating, 21.43% have issued a Buy, 35.71% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Hartford Financial Services Group (NYSE:HIG) is the second best life insurance stock with a Due Diligence Score of 42, which is 10 points higher than the life insurance industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Hartford Financial Services Group has seen its stock return 53.5% over the past year, overperforming other life insurance stocks by 23 percentage points.

Hartford Financial Services Group has an average 1 year price target of $126.00, an upside of 3.94% from Hartford Financial Services Group's current stock price of $121.22.

Hartford Financial Services Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Hartford Financial Services Group, 25% have issued a Strong Buy rating, 8.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Aegon (NYSE:AEG) is the third best life insurance stock with a Due Diligence Score of 40, which is 8 points higher than the life insurance industry average of 32. It passed 14 out of 38 due diligence checks and has average fundamentals. Aegon has seen its stock return 18.26% over the past year, underperforming other life insurance stocks by -12 percentage points.

Out of 7 life insurance stocks that have issued dividends in the past year, the 3 life insurance stocks with the highest dividend yields are:

Aegon (NYSE:AEG) has an annual dividend yield of 5.36%, which is 2 percentage points higher than the life insurance industry average of 2.96%. Aegon's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Aegon's dividend has shown consistent growth over the last 10 years.

Aegon's dividend payout ratio of 27.6% indicates that its high dividend yield is sustainable for the long-term.

Arch Capital Group (NASDAQ:ACGL) has an annual dividend yield of 5.08%, which is 2 percentage points higher than the life insurance industry average of 2.96%.

Arch Capital Group's dividend payout ratio of 0% indicates that its high dividend yield might not be sustainable for the long-term.

Sun Life Financial (NYSE:SLF) has an annual dividend yield of 3.88%, which is 1 percentage points higher than the life insurance industry average of 2.96%. Sun Life Financial's dividend payout is not stable, having dropped more than 10% one 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 61.9% indicates that its dividend yield is sustainable for the long-term.

Life insurance stocks were down -0.19% in the last day, and down -1.72% over the last week.

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

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

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

Enstar Group's stock has gained 15.94% in the past year. It has underperformed other stocks in the life insurance industry by -14 percentage points.

Fidelis Insurance Holdings (NYSE:FIHL) is the second most undervalued life insurance stock based on WallStreetZen's Valuation Score. Fidelis Insurance Holdings has a valuation score of 43, which is 16 points higher than the life insurance industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Fidelis Insurance Holdings's stock has gained 60.56% in the past year. It has overperformed other stocks in the life insurance industry by 30 percentage points.

International General Insurance Holdings (NASDAQ:IGIC) is the third most undervalued life insurance stock based on WallStreetZen's Valuation Score. International General Insurance Holdings has a valuation score of 43, which is 16 points higher than the life insurance industry average of 27. It passed 3 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 107.41% in the past year. It has overperformed other stocks in the life insurance industry by 77 percentage points.