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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ACGL
ARCH CAPITAL GROUP LTD
Bermuda
$38.26B375,494,23780.33%19.67%Net SellingNet Selling
HIG
HARTFORD FINANCIAL SERVICES GROUP INC
United States
$30.45B295,755,37290.92%0.91%Net SellingNet Selling
EQH
EQUITABLE HOLDINGS INC
United States
$13.37B325,244,54286.58%13.42%Net SellingNet Selling
ORI
OLD REPUBLIC INTERNATIONAL CORP
United States
$8.36B271,833,07969.39%3.39%Net SellingNet Selling
AEG
AEGON LTD
Netherlands
$11.44B2,204,486,1527.93%0.00%
AIG
AMERICAN INTERNATIONAL GROUP INC
United States
$49.70B663,668,00963.15%36.85%Net SellingNet Selling
GSHD
GOOSEHEAD INSURANCE INC
United States
$2.13B37,990,68222.91%77.09%Net SellingNet Buying
IGIC
INTERNATIONAL GENERAL INSURANCE HOLDINGS LTD
Jordan
$679.80M46,339,42722.73%0.00%
SLF
SUN LIFE FINANCIAL INC
Canada
$28.17B581,252,13146.09%0.00%
FIHL
FIDELIS INSURANCE HOLDINGS LTD
Bermuda
$1.90B117,557,15264.10%0.00%
BRK.B
BERKSHIRE HATHAWAY INC
United States
$883.49B1,311,947,42264.00%5.92%Net Selling
ESGR
ENSTAR GROUP LTD
Bermuda
$4.73B15,229,35857.02%42.98%Net SellingNet Selling
WDH
WATERDROP INC
China
$432.50M3,696,619,1720.16%0.00%
FGF
FUNDAMENTAL GLOBAL INC
United States
$28.09M28,369,0667.49%92.51%Net BuyingNet Buying

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 19 points higher than the life insurance industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Arch Capital Group has seen its stock return 41.97% over the past year, overperforming other life insurance stocks by 19 percentage points.

Arch Capital Group has an average 1 year price target of $104.00, an upside of 2.07% from Arch Capital Group's current stock price of $101.89.

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 45, which is 9 points higher than the life insurance industry average of 36. It passed 16 out of 38 due diligence checks and has strong fundamentals. Hartford Financial Services Group has seen its stock return 45.44% 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 $111.50, an upside of 8.32% from Hartford Financial Services Group's current stock price of $102.94.

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 43, which is 7 points higher than the life insurance industry average of 36. It passed 15 out of 38 due diligence checks and has strong fundamentals. Equitable Holdings has seen its stock return 56.83% over the past year, overperforming other life insurance stocks by 34 percentage points.

Equitable Holdings has an average 1 year price target of $42.75, an upside of 3.96% from Equitable Holdings's current stock price of $41.12.

Equitable Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Equitable Holdings, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% 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 6 life insurance stocks that have issued dividends in the past year, the 3 life insurance stocks with the highest dividend yields are:

1. Aegon (NYSE:AEG)


Aegon (NYSE:AEG) has an annual dividend yield of 5.18%, which is 3 percentage points higher than the life insurance industry average of 2.43%. 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.

2. Sun Life Financial (NYSE:SLF)


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 2.43%. 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.

3. Old Republic International (NYSE:ORI)


Old Republic International (NYSE:ORI) has an annual dividend yield of 2.45%, which is the same as the life insurance industry average of 2.43%. 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.

Why are life insurance stocks down?

Life insurance stocks were down -0.3% in the last day, and up 2.44% 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 62 points higher than the life insurance industry average of 38. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 66.7% in the past year. It has overperformed other stocks in the life insurance industry by 44 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 33 points higher than the life insurance industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Enstar Group's stock has gained 19.6% in the past year. It has underperformed other stocks in the life insurance industry by -3 percentage points.

3. Fidelis Insurance Holdings (NYSE:FIHL)


Fidelis Insurance Holdings (NYSE:FIHL) is the third most undervalued life insurance stock based on WallStreetZen's Valuation Score. Fidelis Insurance Holdings has a valuation score of 43, which is 5 points higher than the life insurance industry average of 38. It passed 3 out of 7 valuation due diligence checks.

Are life insurance stocks a good buy now?

66.67% of life insurance stocks rated by analysts are a buy right now. On average, analysts expect life insurance stocks to rise by 13.97% 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 11.93x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.