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 13 points higher than the life insurance industry average of 33. It passed 14 out of 33 due diligence checks and has strong fundamentals. Fg Financial Group has seen its stock lose -17.42% over the past year, underperforming other life insurance stocks by -56 percentage points.

Arch Capital Group (NASDAQ:ACGL) is the second best life insurance stock with a Zen Score of 44, which is 11 points higher than the life insurance industry average of 33. It passed 15 out of 33 due diligence checks and has strong fundamentals. Arch Capital Group has seen its stock return 95.01% over the past year, overperforming other life insurance stocks by 57 percentage points.

Arch Capital Group has an average 1 year price target of $86.95, an upside of 7% from Arch Capital Group's current stock price of $81.26.

Arch Capital Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Arch Capital Group, 50% have issued a Strong Buy rating, 30% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

International General Insurance Holdings (NASDAQ:IGIC) is the third best life insurance stock with a Zen Score of 43, which is 10 points higher than the life insurance industry average of 33. It passed 16 out of 38 due diligence checks and has strong fundamentals. International General Insurance Holdings has seen its stock return 55.57% 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 3.54% from International General Insurance Holdings's current stock price of $11.59.

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.

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 5.79%, which is 3 percentage points higher than the life insurance industry average of 3.08%. 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 4.42%, which is 1 percentage points higher than the life insurance industry average of 3.08%. 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 3.54%, which is the same as the life insurance industry average of 3.08%. 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 -0.96% in the last day, and down -2.22% 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 58 points higher than the life insurance industry average of 42. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 55.57% 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 58 points higher than the life insurance industry average of 42. It passed 7 out of 7 valuation due diligence checks.

Fg Financial Group's stock has dropped -17.42% in the past year. It has underperformed other stocks in the life insurance industry by -56 percentage points.

Enstar Group (NASDAQ:ESGR) is the third most undervalued life insurance stock based on WallStreetZen's Valuation Score. Enstar Group has a valuation score of 57, which is 15 points higher than the life insurance industry average of 42. It passed 4 out of 7 valuation due diligence checks.

Enstar Group's stock has gained 34.56% in the past year. It has underperformed other stocks in the life insurance industry by -4 percentage points.