WallStreetZenWallStreetZen

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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
MFC
MANULIFE FINANCIAL CORP
NYSE
Insurance - Life
$41.67B$23.070.61%$5.99B11.89x17.58
GL
GLOBE LIFE INC
NYSE
Insurance - Life
$6.25B$66.742.68%$1.30B6.54x5.25
PRI
PRIMERICA INC
NYSE
Insurance - Life
$7.49B$215.042.36%$810.24M13.47x6.27
UNM
UNUM GROUP
NYSE
Insurance - Life
$9.84B$51.361.12%$1.94B7.87x5.55
AFL
AFLAC INC
NYSE
Insurance - Life
$48.02B$83.232.78%$5.46B10.66x4.76
PRU
PRUDENTIAL FINANCIAL INC
NYSE
Insurance - Life
$39.71B$110.611.76%$3.03B16.36x24.85
MET
METLIFE INC
NYSE
Insurance - Life
$51.41B$71.111.66%$2.86B39.07x21.90
JXN
JACKSON FINANCIAL INC
NYSE
Insurance - Life
$5.05B$65.201.26%$1.12B5.93x31.46
CNO
CNO FINANCIAL GROUP INC
NYSE
Insurance - Life
$2.85B$26.191.95%$595.40M10.73x14.84
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
NYSE
Insurance - Life
$4.40B$55.400.47%$355.56M26.38x25.43
NWLI
NATIONAL WESTERN LIFE GROUP INC
NASDAQ
Insurance - Life
$1.77B$487.510.06%$129.69M18.25x4.02
PUK
PRUDENTIAL PLC
NYSE
Insurance - Life
$24.96B$18.130.44%$2.26B14.60x8.76
CIA
CITIZENS INC
NYSE
Insurance - Life
$100.63M$2.031.00%$26.69M4.14x8.70
LNC
LINCOLN NATIONAL CORP
NYSE
Insurance - Life
$4.69B$27.651.54%-$817.00M-5.62x53.03
BHF
BRIGHTHOUSE FINANCIAL INC
NASDAQ
Insurance - Life
$3.08B$48.912.80%-$1.48B-2.66x46.80
AAME
ATLANTIC AMERICAN CORP
NASDAQ
Insurance - Life
$39.99M$1.960.51%$3.36M-65.33x2.55
GNW
GENWORTH FINANCIAL INC
NYSE
Insurance - Life
$2.65B$5.991.87%$298.00M37.44x11.03
FG
F&G ANNUITIES & LIFE INC
NYSE
Insurance - Life
$4.61B$36.524.02%$474.00M-77.70x21.62
ABL
ABACUS LIFE INC
NASDAQ
Insurance - Life
$754.15M$11.840.00%$24.28M69.65x1.02
VERY
VERICITY INC
NASDAQ
Insurance - Life
$169.28M$11.380.18%-$5.44M-16.99x6.47

Property & Casualty Insurance Stocks FAQ

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

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

1. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) is the top property & casualty insurance stock with a Zen Score of 51, which is 20 points higher than the property & casualty insurance industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 18.43% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 51.71% from Manulife Financial's current stock price of $23.07.

Manulife Financial stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Manulife Financial, 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.

2. Globe Life (NYSE:GL)


Globe Life (NYSE:GL) is the second best property & casualty insurance stock with a Zen Score of 50, which is 19 points higher than the property & casualty insurance industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Globe Life has seen its stock lose -39.18% over the past year, underperforming other property & casualty insurance stocks by -73 percentage points.

Globe Life has an average 1 year price target of $128.56, an upside of 92.62% from Globe Life's current stock price of $66.74.

Globe Life stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Globe Life, 55.56% have issued a Strong Buy rating, 0% have issued a Buy, 44.44% have issued a hold, while 0% 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 46, which is 15 points higher than the property & casualty insurance industry average of 31. It passed 17 out of 38 due diligence checks and has strong fundamentals. Primerica has seen its stock return 18.99% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 21.68% from Primerica's current stock price of $215.04.

Primerica stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 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 13 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 6.51%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.5%. 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 -36.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) has an annual dividend yield of 5.23%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.5%. 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 55.3% 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 4.57%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.5%. 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 74.7% indicates that its dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 1.28% in the last day, and up 0.44% 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. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Manulife Financial has a valuation score of 71, which is 37 points higher than the property & casualty insurance industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 18.43% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -15 percentage points.

2. Jackson Financial (NYSE:JXN)


Jackson Financial (NYSE:JXN) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Jackson Financial has a valuation score of 71, which is 37 points higher than the property & casualty insurance industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 72.26% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 39 percentage points.

3. National Western Life Group (NASDAQ:NWLI)


National Western Life Group (NASDAQ:NWLI) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. National Western Life Group has a valuation score of 57, which is 23 points higher than the property & casualty insurance industry average of 34. It passed 4 out of 7 valuation due diligence checks.

National Western Life Group's stock has gained 93.3% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 60 percentage points.

Are property & casualty insurance stocks a good buy now?

57.14% of property & casualty insurance stocks rated by analysts are a hold right now. On average, analysts expect property & casualty insurance stocks to rise by 18.21% 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 16.23x.
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.