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:

Fidelis Insurance Holdings (NYSE:FIHL) is the top life insurance stock with a Zen Score of 49, which is 13 points higher than the life insurance industry average of 36. It passed 16 out of 33 due diligence checks and has strong fundamentals.

Fidelis Insurance Holdings has an average 1 year price target of $20.30, an upside of 2.84% from Fidelis Insurance Holdings's current stock price of $19.74.

Fidelis Insurance Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Fidelis Insurance Holdings, 20% have issued a Strong Buy rating, 40% have issued a Buy, 40% 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 44, which is 8 points higher than the life insurance industry average of 36. It passed 15 out of 33 due diligence checks and has strong fundamentals. Arch Capital Group has seen its stock return 28.19% over the past year, overperforming other life insurance stocks by 3 percentage points.

Arch Capital Group has an average 1 year price target of $99.89, an upside of 7.35% from Arch Capital Group's current stock price of $93.05.

Arch Capital Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Arch Capital 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.

Berkshire Hathaway (NYSE:BRK.B) is the third best life insurance stock with a Zen Score of 44, which is 8 points higher than the life insurance industry average of 36. It passed 14 out of 33 due diligence checks and has strong fundamentals. Berkshire Hathaway has seen its stock return 24.84% over the past year.

Berkshire Hathaway has an average 1 year price target of $477.00, an upside of 17.8% from Berkshire Hathaway's current stock price of $404.91.

Berkshire Hathaway stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Berkshire Hathaway, 100% have issued a Strong Buy rating, 0% 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 5 life insurance stocks that have issued dividends in the past year, the 3 life insurance stocks with the highest dividend yields are:

Sun Life Financial (NYSE:SLF) has an annual dividend yield of 4.78%, which is 2 percentage points higher than the life insurance industry average of 2.7%. 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 56% indicates that its high dividend yield is sustainable for the long-term.

Old Republic International (NYSE:ORI) has an annual dividend yield of 3.33%, which is 1 percentage points higher than the life insurance industry average of 2.7%. 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 46.2% indicates that its dividend yield is sustainable for the long-term.

Equitable Holdings (NYSE:EQH) has an annual dividend yield of 2.37%, which is the same as the life insurance industry average of 2.7%. Equitable Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Equitable Holdings's dividend has shown consistent growth over the last 10 years.

Equitable Holdings's dividend payout ratio of 25.2% indicates that its dividend yield is sustainable for the long-term.

Life insurance stocks were down -1.02% in the last day, and up 2.01% over the last week. Goosehead Insurance was the among the top losers in the insurance - diversified industry, dropping -11.69% yesterday.

Goosehead Insurance shares are trading lower after the company reported worse-than-expected Q1 sales results and issued FY24 revenue guidance below estimates. Also Piper Sandler and Keefe, Bruyette & Woods lowered their respective price targets on the stock.

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 55 points higher than the life insurance industry average of 45. It passed 7 out of 7 valuation due diligence checks.

International General Insurance Holdings's stock has gained 64.19% in the past year. It has overperformed other stocks in the life insurance industry by 39 percentage points.

Fidelis Insurance Holdings (NYSE:FIHL) is the second most undervalued life insurance stock based on WallStreetZen's Valuation Score. Fidelis Insurance Holdings has a valuation score of 71, which is 26 points higher than the life insurance industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Aegon (NYSE:AEG) is the third most undervalued life insurance stock based on WallStreetZen's Valuation Score. Aegon has a valuation score of 71, which is 26 points higher than the life insurance industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Aegon's stock has gained 39.95% in the past year. It has overperformed other stocks in the life insurance industry by 15 percentage points.