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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
Price
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
MFC
MANULIFE FINANCIAL CORP
$23.470.43%1.73%-2.86%7.41%34.73%23.72%8.66%28.96%27.49%$25.14$17.076.64%37.49%1.101,292,577-21.54%
PRI
PRIMERICA INC
$213.46-2.35%-0.73%-15.44%-5.57%8.42%21.18%32.49%67.20%373.20%$256.56$173.0016.80%23.39%1.12310,772124.88%
UNM
UNUM GROUP
$50.75-1.19%-1.19%-4.52%7.04%4.57%25.96%77.76%38.74%56.59%$54.57$40.047.00%26.75%1.311,009,27867.30%
AFL
AFLAC INC
$83.61-0.14%0.46%-1.58%-1.99%7.86%27.86%56.66%68.81%170.36%$86.26$64.103.07%30.45%0.971,838,7200.40%
GL
GLOBE LIFE INC
$75.750.28%13.50%-34.97%-38.79%-33.25%-28.07%-26.08%-12.93%45.58%$132.00$38.9542.61%94.48%1.015,940,55843.06%
PRU
PRUDENTIAL FINANCIAL INC
$110.50-0.61%-0.10%-4.59%4.03%22.36%32.02%12.15%6.36%38.42%$118.69$77.226.90%43.10%1.311,014,77411.60%
MET
METLIFE INC
$70.42-2.06%-0.97%-3.61%-0.65%18.15%19.52%12.15%56.14%38.19%$74.68$48.955.70%43.86%1.195,197,760150.64%
JXN
JACKSON FINANCIAL INC
$69.56-0.03%6.69%7.69%37.47%81.67%100.63%N/AN/AN/A$70.98$26.701.99%160.52%1.45679,929-9.83%
CNO
CNO FINANCIAL GROUP INC
$26.40-0.19%0.80%-2.08%-5.55%15.08%24.18%3.08%57.42%56.77%$28.39$19.957.01%32.33%1.37549,85712.53%
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$56.310.18%1.64%0.37%1.50%5.91%51.53%79.45%92.05%148.83%$56.41$37.540.17%50.00%1.50337,390-39.32%
NWLI
NATIONAL WESTERN LIFE GROUP INC
$488.300.03%0.16%-0.57%1.03%2.05%95.27%111.71%89.69%107.79%$493.00$250.170.95%95.19%1.095,126-76.60%
PUK
PRUDENTIAL PLC
$18.310.88%0.99%-4.69%-16.28%-9.13%-33.92%-56.72%-59.63%-59.11%$30.91$17.1240.76%6.95%1.36964,833-17.00%
CIA
CITIZENS INC
$2.080.97%2.46%-0.95%-27.78%-30.67%-3.70%-63.51%-69.99%-68.58%$3.69$1.6443.63%26.83%0.8034,683-46.18%
LNC
LINCOLN NATIONAL CORP
$27.81-0.54%0.58%-8.67%-2.04%27.28%35.86%-56.48%-57.89%-40.60%$32.43$18.5014.25%50.32%1.911,478,38115.05%
BHF
BRIGHTHOUSE FINANCIAL INC
$48.73-0.61%-0.37%-1.54%-9.29%7.24%16.44%6.68%18.94%N/A$56.25$39.2413.36%24.20%1.76591,1486.67%
AAME
ATLANTIC AMERICAN CORP
$1.963.16%0.00%-28.73%-25.19%4.48%-11.79%-53.22%-21.22%-44.00%$3.00$1.4934.67%31.54%0.324,7317.47%
FG
F&G ANNUITIES & LIFE INC
$39.031.04%6.87%-2.86%-16.23%31.24%123.92%N/AN/AN/A$48.71$14.7619.87%164.43%1.0264,128-24.54%
GNW
GENWORTH FINANCIAL INC
$5.99-0.33%0.00%-4.47%-5.82%0.50%8.91%52.42%56.40%-64.74%$6.93$4.5113.56%32.82%1.121,547,481-33.94%
ABL
ABACUS LIFE INC
$11.93-0.42%0.76%-2.29%-3.63%96.54%15.94%21.36%N/AN/A$13.25$5.479.96%118.10%0.0421,057-31.78%
VERY
VERICITY INC
$11.350.00%-0.26%-0.26%-0.09%3.46%49.34%-4.70%N/AN/A$11.99$4.705.34%141.49%0.19959-30.51%

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 23.72% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 49.13% from Manulife Financial's current stock price of $23.47.

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 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 21.18% over the past year, underperforming other property & casualty insurance stocks by -19 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 22.58% from Primerica's current stock price of $213.46.

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 14 points higher than the property & casualty insurance industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 25.96% over the past year, underperforming other property & casualty insurance stocks by -14 percentage points.

Unum Group has an average 1 year price target of $56.40, an upside of 11.13% from Unum Group's current stock price of $50.75.

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 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 6.47%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.48%. 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 5.14%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.48%. 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 2.48%. 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 -0.51% in the last day, and up 1.12% 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. 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 38 points higher than the property & casualty insurance industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 23.72% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -16 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 38 points higher than the property & casualty insurance industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 100.63% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 61 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 24 points higher than the property & casualty insurance industry average of 33. It passed 4 out of 7 valuation due diligence checks.

National Western Life Group's stock has gained 95.27% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 55 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 14.34% 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 15.93x.
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.