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Best Life Insurance Stocks to Buy Now (2024)
Top life insurance stocks in 2024 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
ACGL
ARCH CAPITAL GROUP LTD
NASDAQ
Insurance - Diversified
$36.52B$97.26-1.91%$4.24B7.48x2.24
HIG
HARTFORD FINANCIAL SERVICES GROUP INC
NYSE
Insurance - Diversified
$29.42B$99.47-0.25%$4.05B11.15x4.02
EQH
EQUITABLE HOLDINGS INC
NYSE
Insurance - Diversified
$12.91B$39.68-1.56%$2.14B11.71x138.20
ORI
OLD REPUBLIC INTERNATIONAL CORP
NYSE
Insurance - Diversified
$8.06B$29.65-0.77%$966.60M11.40x3.23
AIG
AMERICAN INTERNATIONAL GROUP INC
NYSE
Insurance - Diversified
$48.73B$73.42-0.93%$10.43B10.81x11.41
GSHD
GOOSEHEAD INSURANCE INC
NASDAQ
Insurance - Diversified
$2.21B$58.170.73%$31.43M88.14x5.02
IGIC
INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD
NASDAQ
Insurance - Diversified
$653.39M$14.10-1.33%N/A5.16x2.37
SLF
SUN LIFE FINANCIAL INC
NYSE
Insurance - Diversified
$27.65B$47.570.19%N/A12.30x13.15
BRK.B
BERKSHIRE HATHAWAY INC
NYSE
Insurance - Diversified
$874.69B$405.54-0.09%$108.02B11.98x0.86
ESGR
ENSTAR GROUP LTD
NASDAQ
Insurance - Diversified
$4.54B$297.860.51%$657.00M5.85x2.58
FIHL
FIDELIS INSURANCE HOLDINGS LTD
NYSE
Insurance - Diversified
$1.82B$15.46-2.46%$441.60M3.86x3.48
AEG
AEGON LTD
NYSE
Insurance - Diversified
$11.23B$6.15-1.60%$2.35B6.02x30.98
WDH
WATERDROP INC
NYSE
Insurance - Diversified
$436.20M$1.18-9.92%N/A14.22x0.31
FGF
FUNDAMENTAL GLOBAL INC
NASDAQ
Insurance - Diversified
$30.87M$1.095.63%-$1.07M-5.73x0.67

Life Insurance Stocks FAQ

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

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

1. Arch Capital Group (NASDAQ:ACGL)


Arch Capital Group (NASDAQ:ACGL) is the top life insurance stock with a Zen Score of 55, which is 20 points higher than the life insurance industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Arch Capital Group has seen its stock return 38.78% over the past year, overperforming other life insurance stocks by 18 percentage points.

Arch Capital Group has an average 1 year price target of $104.00, an upside of 6.93% from Arch Capital Group's current stock price of $97.26.

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

2. Hartford Financial Services Group (NYSE:HIG)


Hartford Financial Services Group (NYSE:HIG) is the second best life insurance stock with a Zen Score of 48, which is 13 points higher than the life insurance industry average of 35. It passed 17 out of 38 due diligence checks and has strong fundamentals. Hartford Financial Services Group has seen its stock return 40.81% over the past year, overperforming other life insurance stocks by 20 percentage points.

Hartford Financial Services Group has an average 1 year price target of $111.50, an upside of 12.09% from Hartford Financial Services Group's current stock price of $99.47.

Hartford Financial Services Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Hartford Financial Services Group, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Equitable Holdings (NYSE:EQH)


Equitable Holdings (NYSE:EQH) is the third best life insurance stock with a Zen Score of 46, which is 11 points higher than the life insurance industry average of 35. It passed 16 out of 38 due diligence checks and has strong fundamentals. Equitable Holdings has seen its stock return 48.23% over the past year, overperforming other life insurance stocks by 28 percentage points.

Equitable Holdings has an average 1 year price target of $42.38, an upside of 6.79% from Equitable Holdings's current stock price of $39.68.

Equitable Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Equitable Holdings, 62.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 25% 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 5 life insurance stocks that have issued dividends in the past year, the 3 life insurance stocks with the highest dividend yields are:

1. Sun Life Financial (NYSE:SLF)


Sun Life Financial (NYSE:SLF) has an annual dividend yield of 4%, which is 2 percentage points higher than the life insurance industry average of 2.09%. 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 63.4% indicates that its dividend yield is sustainable for the long-term.

2. Old Republic International (NYSE:ORI)


Old Republic International (NYSE:ORI) has an annual dividend yield of 2.55%, which is the same as the life insurance industry average of 2.09%. 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 38.5% indicates that its dividend yield is sustainable for the long-term.

3. American International Group (NYSE:AIG)


American International Group (NYSE:AIG) has an annual dividend yield of 2.02%, which is the same as the life insurance industry average of 2.09%. American International Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. American International Group's dividend has shown consistent growth over the last 10 years.

American International Group's dividend payout ratio of 21.2% indicates that its dividend yield is sustainable for the long-term.

Why are life insurance stocks down?

Life insurance stocks were down -0.24% in the last day, and down -2.02% 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 60 points higher than the life insurance industry average of 40. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 60.14% in the past year. It has overperformed other stocks in the life insurance industry by 40 percentage points.

2. Enstar Group (NASDAQ:ESGR)


Enstar Group (NASDAQ:ESGR) is the second most undervalued life insurance stock based on WallStreetZen's Valuation Score. Enstar Group has a valuation score of 71, which is 31 points higher than the life insurance industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Enstar Group's stock has gained 14.77% in the past year. It has underperformed other stocks in the life insurance industry by -6 percentage points.

3. Equitable Holdings (NYSE:EQH)


Equitable Holdings (NYSE:EQH) is the third most undervalued life insurance stock based on WallStreetZen's Valuation Score. Equitable Holdings has a valuation score of 57, which is 17 points higher than the life insurance industry average of 40. It passed 4 out of 7 valuation due diligence checks.

Equitable Holdings's stock has gained 48.23% in the past year. It has overperformed other stocks in the life insurance industry by 28 percentage points.

Are life insurance stocks a good buy now?

55.56% of life insurance stocks rated by analysts are a buy right now. On average, analysts expect life insurance stocks to rise by 16.05% 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 11.8x.
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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.