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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
$45.13B$24.991.34%$5.99B12.87x17.58
PRI
PRIMERICA INC
NYSE
Insurance - Life
$8.82B$252.96-1.26%$810.24M15.84x6.27
UNM
UNUM GROUP
NYSE
Insurance - Life
$10.28B$53.66-0.07%$1.94B8.22x5.55
GL
GLOBE LIFE INC
NYSE
Insurance - Life
$10.90B$116.37-0.20%$1.30B11.40x5.25
AFL
AFLAC INC
NYSE
Insurance - Life
$49.54B$85.860.28%$5.46B10.99x4.76
PRU
PRUDENTIAL FINANCIAL INC
NYSE
Insurance - Life
$42.15B$117.400.32%$3.03B17.37x24.85
MET
METLIFE INC
NYSE
Insurance - Life
$53.58B$74.110.26%$2.86B40.72x21.90
JXN
JACKSON FINANCIAL INC
NYSE
Insurance - Life
$5.12B$66.140.00%$1.12B6.02x31.46
CNO
CNO FINANCIAL GROUP INC
NYSE
Insurance - Life
$3.00B$27.480.29%$595.40M11.26x14.84
CIA
CITIZENS INC
NYSE
Insurance - Life
$106.08M$2.140.47%$26.69M4.37x8.70
NWLI
NATIONAL WESTERN LIFE GROUP INC
NASDAQ
Insurance - Life
$1.79B$491.960.09%$129.69M18.42x4.02
LNC
LINCOLN NATIONAL CORP
NYSE
Insurance - Life
$5.42B$31.93-0.47%-$817.00M-6.49x53.03
AAME
ATLANTIC AMERICAN CORP
NASDAQ
Insurance - Life
$57.13M$2.800.00%$7.70M21.54x2.66
PUK
PRUDENTIAL PLC
NYSE
Insurance - Life
$26.53B$19.27-0.16%$2.26B15.52x8.76
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
NYSE
Insurance - Life
$4.46B$56.220.04%$355.56M26.77x25.43
BHF
BRIGHTHOUSE FINANCIAL INC
NASDAQ
Insurance - Life
$3.24B$51.540.68%-$1.48B-2.80x46.80
GNW
GENWORTH FINANCIAL INC
NYSE
Insurance - Life
$2.85B$6.430.47%$298.00M40.19x11.03
FG
F&G ANNUITIES & LIFE INC
NYSE
Insurance - Life
$5.12B$40.551.15%$474.00M-86.28x21.62
ABL
ABACUS LIFE INC
NASDAQ
Insurance - Life
$775.80M$12.184.46%$24.28M71.65x1.02
VERY
VERICITY INC
NASDAQ
Insurance - Life
$168.83M$11.35-0.26%-$12.57M-10.91x7.02

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in Mar 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 21 points higher than the property & casualty insurance industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 40.24% 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 40.06% from Manulife Financial's current stock price of $24.99.

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. Primerica (NYSE:PRI)


Primerica (NYSE:PRI) is the second best property & casualty insurance stock with a Zen Score of 46, which is 16 points higher than the property & casualty insurance industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Primerica has seen its stock return 52.95% over the past year, underperforming other property & casualty insurance stocks by -2 percentage points.

Primerica has an average 1 year price target of $258.33, an upside of 2.12% from Primerica's current stock price of $252.96.

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.

3. Unum Group (NYSE:UNM)


Unum Group (NYSE:UNM) is the third best property & casualty insurance stock with a Zen Score of 45, which is 15 points higher than the property & casualty insurance industry average of 30. It passed 16 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 38.33% over the past year, underperforming other property & casualty insurance stocks by -17 percentage points.

Unum Group has an average 1 year price target of $55.60, an upside of 3.62% from Unum Group's current stock price of $53.66.

Unum Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Unum Group, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% 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 12 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 5.64%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 4.83%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 4.3%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 down?

Property & casualty insurance stocks were down -0.04% in the last day, and up 0.88% over the last week.

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

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. Jackson Financial (NYSE:JXN)


Jackson Financial (NYSE:JXN) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Jackson Financial has a valuation score of 71, which is 39 points higher than the property & casualty insurance industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 85.47% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 30 percentage points.

2. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Manulife Financial has a valuation score of 71, which is 39 points higher than the property & casualty insurance industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 40.24% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -15 percentage points.

3. Atlantic American (NASDAQ:AAME)


Atlantic American (NASDAQ:AAME) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Atlantic American has a valuation score of 57, which is 25 points higher than the property & casualty insurance industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Atlantic American's stock has gained 12% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -43 percentage points.

Are property & casualty insurance stocks a good buy now?

53.85% of property & casualty insurance stocks rated by analysts are a hold right now. On average, analysts expect property & casualty insurance stocks to rise by 2.65% 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 16.85x.
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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.