Sectors & Industries Financial ServicesInsurance - Life
Best Property & Casualty Insurance Stocks to Buy Now (2024)
Top property & casualty insurance stocks in 2024 ranked by overall Zen Score. See the best property & casualty insurance stocks to buy now, according to analyst forecasts for the insurance - life industry.

Industry: Insurance - Life

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
UNM	UNUM GROUP	NYSE	Insurance - Life	$11.70B	$62.97	0.38%	$1.99B	9.22x	4.93
PRU	PRUDENTIAL FINANCIAL INC	NYSE	Insurance - Life	$44.69B	$125.17	1.17%	$3.77B	16.07x	24.46
PRI	PRIMERICA INC	NYSE	Insurance - Life	$9.37B	$277.05	-0.19%	$637.97M	22.16x	5.87
AFL	AFLAC INC	NYSE	Insurance - Life	$63.88B	$114.07	0.72%	$6.48B	11.97x	3.61
GL	GLOBE LIFE INC	NYSE	Insurance - Life	$9.77B	$108.78	0.93%	$1.40B	9.73x	4.41
MFC	MANULIFE FINANCIAL CORP	NYSE	Insurance - Life	$54.89B	$30.48	0.30%	$5.50B	17.88x	17.66
PUK	PRUDENTIAL PLC	NYSE	Insurance - Life	$24.62B	$17.88	0.85%	$2.26B	14.40x	8.76
MET	METLIFE INC	NYSE	Insurance - Life	$60.14B	$85.88	0.43%	$4.41B	23.09x	23.79
LNC	LINCOLN NATIONAL CORP	NYSE	Insurance - Life	$5.60B	$32.91	1.48%	$2.84B	3.42x	47.38
FG	F&G ANNUITIES & LIFE INC	NYSE	Insurance - Life	$5.49B	$43.52	-1.25%	$995.00M	17.00x	20.45
CNO	CNO FINANCIAL GROUP INC	NYSE	Insurance - Life	$3.74B	$35.39	1.11%	$809.20M	9.03x	13.94
CIA	CITIZENS INC	NYSE	Insurance - Life	$242.36M	$4.86	2.32%	$22.20M	11.05x	7.68
JXN	JACKSON FINANCIAL INC	NYSE	Insurance - Life	$7.49B	$99.52	0.52%	$2.87B	3.53x	32.48
ABL	ABACUS LIFE INC	NASDAQ	Insurance - Life	$747.26M	$10.01	-2.25%	$22.07M	-83.42x	0.88
BHF	BRIGHTHOUSE FINANCIAL INC	NASDAQ	Insurance - Life	$2.83B	$46.58	0.91%	-$1.19B	-3.01x	56.32
AAME	ATLANTIC AMERICAN CORP	NASDAQ	Insurance - Life	$34.01M	$1.67	-1.36%	-$352.00k	-9.26x	2.83
GNW	GENWORTH FINANCIAL INC	NYSE	Insurance - Life	$3.09B	$7.15	-0.28%	$244.00M	79.44x	9.24

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in Oct 2024?

According to Zen Score, the 3 best property & casualty insurance stocks to buy right now are:

1. Unum Group (NYSE:UNM)

Unum Group (NYSE:UNM) is the top property & casualty insurance stock with a Zen Score of 56, which is 17 points higher than the property & casualty insurance industry average of 39. It passed 20 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 24.01% over the past year, underperforming other property & casualty insurance stocks by -7 percentage points.

Unum Group has an average 1 year price target of $65.00, an upside of 3.22% from Unum Group's current stock price of $62.97.

Unum Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Unum Group, 70% have issued a Strong Buy rating, 0% have issued a Buy, 30% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Prudential Financial (NYSE:PRU)

Prudential Financial (NYSE:PRU) is the second best property & casualty insurance stock with a Zen Score of 51, which is 12 points higher than the property & casualty insurance industry average of 39. It passed 18 out of 38 due diligence checks and has strong fundamentals. Prudential Financial has seen its stock return 30.79% over the past year.

Prudential Financial has an average 1 year price target of $123.00, a downside of -1.73% from Prudential Financial's current stock price of $125.17.

Prudential Financial stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Prudential Financial, 8.33% have issued a Strong Buy rating, 0% have issued a Buy, 83.33% have issued a hold, while 8.33% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Primerica (NYSE:PRI)

Primerica (NYSE:PRI) is the third best property & casualty insurance stock with a Zen Score of 51, which is 12 points higher than the property & casualty insurance industry average of 39. It passed 20 out of 38 due diligence checks and has strong fundamentals. Primerica has seen its stock return 31.85% over the past year, overperforming other property & casualty insurance stocks by 1 percentage points.

Primerica has an average 1 year price target of $281.67, an upside of 1.67% from Primerica's current stock price of $277.05.

Primerica stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Primerica, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the property & casualty insurance stocks with highest dividends?

Out of 11 property & casualty insurance stocks that have issued dividends in the past year, the 3 property & casualty insurance stocks with the highest dividend yields are:

1. Lincoln National (NYSE:LNC)

Lincoln National (NYSE:LNC) has an annual dividend yield of 5.47%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.57%. Lincoln National's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Lincoln National's dividend has shown consistent growth over the last 10 years.

Lincoln National's dividend payout ratio of 18.7% indicates that its high dividend yield is sustainable for the long-term.

2. Manulife Financial (NYSE:MFC)

Manulife Financial (NYSE:MFC) has an annual dividend yield of 4.81%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.57%. Manulife Financial's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Manulife Financial's dividend has shown consistent growth over the last 10 years.

Manulife Financial's dividend payout ratio of 78.4% indicates that its high dividend yield is sustainable for the long-term.

3. Prudential Financial (NYSE:PRU)

Prudential Financial (NYSE:PRU) has an annual dividend yield of 4.11%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.57%. Prudential Financial's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Prudential Financial's dividend has shown consistent growth over the last 10 years.

Prudential Financial's dividend payout ratio of 65.5% indicates that its dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 0.43% in the last day, and up 3.39% over the last week.

We couldn't find a catalyst for why property & casualty insurance stocks are up.

What are the most undervalued property & casualty insurance stocks?

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

1. Prudential (NYSE:PUK)

Prudential (NYSE:PUK) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Prudential has a valuation score of 71, which is 31 points higher than the property & casualty insurance industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Prudential's stock has dropped -19.06% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -50 percentage points.

2. Unum Group (NYSE:UNM)

Unum Group (NYSE:UNM) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Unum Group has a valuation score of 71, which is 31 points higher than the property & casualty insurance industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Unum Group's stock has gained 24.01% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -7 percentage points.

3. F&G Annuities & Life (NYSE:FG)

F&G Annuities & Life (NYSE:FG) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. F&G Annuities & Life has a valuation score of 57, which is 17 points higher than the property & casualty insurance industry average of 40. It passed 4 out of 7 valuation due diligence checks.

F&G Annuities & Life's stock has gained 46.48% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 15 percentage points.

Are property & casualty insurance stocks a good buy now?

46.15% of property & casualty insurance stocks rated by analysts are a hold right now. On average, analysts expect property & casualty insurance stocks to fall by -0.17% over the next year.

What is the average p/e ratio of the insurance - life industry?

The average P/E ratio of the insurance - life industry is 16.11x.

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.