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

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
MFC	MANULIFE FINANCIAL CORP	$23.47	$39.66	-40.82%	12.09x	7.62x	1.70x	1.22x	0.28x	$15.13B	35.69%	$34.84B	19.29	$36.76B	6.14
PRI	PRIMERICA INC	$213.46	$123.05	73.48%	13.37x	13.95x	2.73x	3.60x	2.11x	$658.62M	8.58%	$2.07B	57.46	$7.48B	9.23
UNM	UNUM GROUP	$50.75	$47.38	7.11%	7.77x	7.65x	0.78x	1.01x	1.54x	$1.07B	10.99%	$9.65B	50.39	$13.00B	6.69
AFL	AFLAC INC	$83.61	N/A	N/A	10.71x	14.75x	2.67x	2.19x	N/A	$3.19B	6.40%	$21.99B	36.88	$51.30B	9.40
GL	GLOBE LIFE INC	$75.75	$73.28	3.37%	7.42x	7.62x	1.30x	1.58x	1.54x	$1.43B	20.19%	$4.49B	47.88	$9.11B	7.03
PRU	PRUDENTIAL FINANCIAL INC	$110.50	$93.22	18.54%	16.35x	8.37x	0.73x	1.43x	0.69x	$6.51B	16.41%	$27.82B	77.49	$47.18B	15.57
MET	METLIFE INC	$70.42	$60.79	15.84%	38.69x	7.89x	0.76x	1.70x	0.49x	$13.72B	26.95%	$30.02B	41.51	$49.74B	17.42
JXN	JACKSON FINANCIAL INC	$69.56	$169.82	-59.04%	6.33x	3.60x	1.70x	0.53x	0.22x	$5.31B	98.61%	$10.17B	131.38	$6.74B	6.00
CNO	CNO FINANCIAL GROUP INC	$26.40	$18.66	41.47%	10.82x	10.23x	0.72x	1.30x	1.75x	$582.90M	19.49%	$2.22B	19.56	$6.14B	10.31
AEL	AMERICAN EQUITY INVESTMENT LIFE HOLDING CO	$56.31	$48.03	17.24%	26.81x	9.61x	1.58x	1.48x	0.54x	$3.57B	79.90%	$3.02B	38.08	-$4.44B	-12.48
NWLI	NATIONAL WESTERN LIFE GROUP INC	$488.30	N/A	N/A	18.28x	N/A	2.52x	0.73x	N/A	$250.14M	14.09%	$2.44B	670.99	$1.29B	9.94
PUK	PRUDENTIAL PLC	$18.31	N/A	N/A	14.74x	6.68x	2.33x	1.41x	N/A	$790.00M	3.13%	$17.82B	12.95	$25.33B	11.22
CIA	CITIZENS INC	$2.08	N/A	N/A	4.24x	N/A	0.43x	0.60x	N/A	$21.61M	20.96%	$172.13M	3.47	$74.57M	2.79
LNC	LINCOLN NATIONAL CORP	$27.81	N/A	N/A	-5.65x	2.13x	0.41x	0.68x	N/A	-$2.07B	-43.96%	$6.89B	40.63	$7.30B	-8.94
BHF	BRIGHTHOUSE FINANCIAL INC	$48.73	N/A	N/A	-2.65x	3.24x	0.74x	0.62x	N/A	-$137.00M	-4.47%	$4.94B	78.61	$2.37B	-1.60
AAME	ATLANTIC AMERICAN CORP	$1.96	N/A	N/A	-65.33x	N/A	0.21x	0.37x	N/A	$2.54M	6.38%	$107.28M	5.26	$48.44M	14.44
FG	F&G ANNUITIES & LIFE INC	$39.03	N/A	N/A	-83.04x	N/A	1.08x	1.59x	N/A	$5.81B	119.99%	$3.10B	25.02	$5.12B	10.80
GNW	GENWORTH FINANCIAL INC	$5.99	N/A	N/A	37.44x	N/A	0.38x	0.35x	N/A	$597.00M	21.25%	$7.48B	15.96	$2.02B	6.78
ABL	ABACUS LIFE INC	$11.93	N/A	N/A	70.18x	N/A	10.23x	4.64x	N/A	-$64.71M	-9.52%	$163.93M	2.88	$876.03M	36.08
VERY	VERICITY INC	$11.35	N/A	N/A	-16.94x	N/A	0.95x	1.53x	N/A	$4.83M	2.86%	$110.21M	7.41	$209.80M	-38.57

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.

Property & Casualty Insurance Stocks FAQ

1. Manulife Financial (NYSE:MFC)

2. Primerica (NYSE:PRI)

3. Unum Group (NYSE:UNM)

1. Lincoln National (NYSE:LNC)

2. Manulife Financial (NYSE:MFC)

3. Prudential Financial (NYSE:PRU)

1. Manulife Financial (NYSE:MFC)

2. Jackson Financial (NYSE:JXN)

3. National Western Life Group (NASDAQ:NWLI)

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