Sectors & IndustriesFinancial ServicesInsurance - Diversified

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.

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

Fg Financial Group (NASDAQ:FGF) is the top life insurance stock with a Zen Score of 46, which is 14 points higher than the life insurance industry average of 32. It passed 14 out of 33 due diligence checks and has strong fundamentals. Fg Financial Group has seen its stock return 0.72% over the past year, underperforming other life insurance stocks by -35 percentage points.

International General Insurance Holdings (NASDAQ:IGIC) is the second best life insurance stock with a Zen Score of 43, which is 11 points higher than the life insurance industry average of 32. It passed 16 out of 38 due diligence checks and has strong fundamentals. International General Insurance Holdings has seen its stock return 51.82% over the past year, overperforming other life insurance stocks by 17 percentage points.

International General Insurance Holdings has an average 1 year price target of $12.00, an upside of 6.38% from International General Insurance Holdings's current stock price of $11.28.

International General Insurance Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering International General Insurance Holdings, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 third best life insurance stock with a Zen Score of 43, which is 11 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 13.18% over the past year, underperforming other life insurance stocks by -22 percentage points.

Hartford Financial Services Group has an average 1 year price target of $87.00, an upside of 22.69% from Hartford Financial Services Group's current stock price of $70.91.

Hartford Financial Services Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Hartford Financial Services Group, 44.44% have issued a Strong Buy rating, 22.22% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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 Nv (NYSE:AEG) has an annual dividend yield of 5.87%, which is 3 percentage points higher than the life insurance industry average of 3.1%. 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 shown consistent growth over the last 10 years.

Aegon Nv's dividend payout ratio of -27.8% 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 4.44%, which is 1 percentage points higher than the life insurance industry average of 3.1%. 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 57.7% indicates that its dividend yield is sustainable for the long-term.

Old Republic International (NYSE:ORI) has an annual dividend yield of 3.58%, which is the same as the life insurance industry average of 3.1%. 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 74.1% indicates that its dividend yield is sustainable for the long-term.

Life insurance stocks were down -1.86% in the last day, and down -1.82% 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:

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 61 points higher than the life insurance industry average of 39. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 51.82% in the past year. It has overperformed other stocks in the life insurance industry by 17 percentage points.

Fg Financial Group (NASDAQ:FGF) is the second most undervalued life insurance stock based on WallStreetZen's Valuation Score. Fg Financial Group has a valuation score of 100, which is 61 points higher than the life insurance industry average of 39. It passed 7 out of 7 valuation due diligence checks.

Fg Financial Group's stock has gained 0.72% in the past year. It has underperformed other stocks in the life insurance industry by -35 percentage points.

American International Group (NYSE:AIG) is the third most undervalued life insurance stock based on WallStreetZen's Valuation Score. American International Group has a valuation score of 43, which is 4 points higher than the life insurance industry average of 39. It passed 3 out of 7 valuation due diligence checks.

American International Group's stock has gained 27.15% in the past year. It has underperformed other stocks in the life insurance industry by -8 percentage points.