Sectors & IndustriesFinancial ServicesInsurance - Diversified

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.

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

Equitable Holdings (NYSE:EQH) is the top life insurance stock with a Zen Score of 47, which is 15 points higher than the life insurance industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Equitable Holdings has seen its stock return 41.24% over the past year, overperforming other life insurance stocks by 12 percentage points.

Equitable Holdings has an average 1 year price target of $48.20, an upside of 20.59% from Equitable Holdings's current stock price of $39.97.

Equitable Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Equitable Holdings, 60% have issued a Strong Buy rating, 10% have issued a Buy, 30% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Arch Capital Group (NASDAQ:ACGL) is the second best life insurance stock with a Zen Score of 46, which is 14 points higher than the life insurance industry average of 32. It passed 16 out of 33 due diligence checks and has strong fundamentals. Arch Capital Group has seen its stock return 41.79% over the past year, overperforming other life insurance stocks by 13 percentage points.

Arch Capital Group has an average 1 year price target of $114.73, an upside of 2.68% from Arch Capital Group's current stock price of $111.73.

Arch Capital Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Arch Capital Group, 45.45% have issued a Strong Buy rating, 27.27% have issued a Buy, 27.27% 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 Zen 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. Aegon has seen its stock return 21.41% over the past year, underperforming other life insurance stocks by -8 percentage points.

Out of 6 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 5.83%, which is 3 percentage points higher than the life insurance industry average of 2.89%. 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.

Sun Life Financial (NYSE:SLF) has an annual dividend yield of 3.93%, which is 1 percentage points higher than the life insurance industry average of 2.89%. 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 50% indicates that its dividend yield is sustainable for the long-term.

Old Republic International (NYSE:ORI) has an annual dividend yield of 2.21%, which is -1 percentage points lower than the life insurance industry average of 2.89%. 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 31.5% indicates that its dividend yield is sustainable for the long-term.

Life insurance stocks were up 0.47% in the last day, and down -1.86% over the last week.

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

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

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 65 points higher than the life insurance industry average of 35. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 62.94% in the past year. It has overperformed other stocks in the life insurance industry by 34 percentage points.

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 36 points higher than the life insurance industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Enstar Group's stock has gained 26.41% in the past year. It has underperformed other stocks in the life insurance industry by -3 percentage points.

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 43, which is 8 points higher than the life insurance industry average of 35. It passed 3 out of 7 valuation due diligence checks.

Equitable Holdings's stock has gained 41.24% in the past year. It has overperformed other stocks in the life insurance industry by 12 percentage points.