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
MFC	MANULIFE FINANCIAL CORP	NYSE	Insurance - Life	$42.37B	$23.46	1.69%	$5.99B	12.09x	17.58
GL	GLOBE LIFE INC	NYSE	Insurance - Life	$6.22B	$66.39	-0.52%	$1.30B	6.50x	5.25
PRI	PRIMERICA INC	NYSE	Insurance - Life	$7.58B	$217.51	1.15%	$810.24M	13.62x	6.27
UNM	UNUM GROUP	NYSE	Insurance - Life	$9.92B	$51.80	0.86%	$1.94B	7.93x	5.55
AFL	AFLAC INC	NYSE	Insurance - Life	$48.19B	$83.52	0.35%	$5.46B	10.69x	4.76
PRU	PRUDENTIAL FINANCIAL INC	NYSE	Insurance - Life	$40.02B	$111.47	0.78%	$3.03B	16.49x	24.85
MET	METLIFE INC	NYSE	Insurance - Life	$52.03B	$71.96	1.20%	$2.86B	39.54x	21.90
JXN	JACKSON FINANCIAL INC	NYSE	Insurance - Life	$5.19B	$67.05	2.84%	$1.12B	6.10x	31.46
CNO	CNO FINANCIAL GROUP INC	NYSE	Insurance - Life	$2.88B	$26.43	0.92%	$595.40M	10.83x	14.84
AEL	AMERICAN EQUITY INVESTMENT LIFE HOLDING CO	NYSE	Insurance - Life	$4.43B	$55.85	0.81%	$355.56M	26.60x	25.43
NWLI	NATIONAL WESTERN LIFE GROUP INC	NASDAQ	Insurance - Life	$1.77B	$487.25	-0.05%	$129.69M	18.24x	4.02
PUK	PRUDENTIAL PLC	NYSE	Insurance - Life	$25.40B	$18.45	1.77%	$2.26B	14.86x	8.76
CIA	CITIZENS INC	NYSE	Insurance - Life	$100.14M	$2.02	-0.49%	$26.69M	4.12x	8.70
LNC	LINCOLN NATIONAL CORP	NYSE	Insurance - Life	$4.79B	$28.26	2.21%	-$817.00M	-5.74x	53.03
BHF	BRIGHTHOUSE FINANCIAL INC	NASDAQ	Insurance - Life	$3.09B	$49.15	0.49%	-$1.48B	-2.67x	46.80
AAME	ATLANTIC AMERICAN CORP	NASDAQ	Insurance - Life	$39.99M	$1.96	0.00%	$3.36M	-65.33x	2.55
GNW	GENWORTH FINANCIAL INC	NYSE	Insurance - Life	$2.66B	$6.01	0.33%	$298.00M	37.56x	11.03
FG	F&G ANNUITIES & LIFE INC	NYSE	Insurance - Life	$4.70B	$37.21	1.89%	$474.00M	-79.17x	21.62
ABL	ABACUS LIFE INC	NASDAQ	Insurance - Life	$756.06M	$11.87	0.25%	$24.28M	69.82x	1.02
VERY	VERICITY INC	NASDAQ	Insurance - Life	$169.13M	$11.37	-0.09%	-$5.44M	-16.97x	6.47

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 21.05% 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 49.19% from Manulife Financial's current stock price of $23.46.

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 -38.13% over the past year, underperforming other property & casualty insurance stocks by -74 percentage points.

Globe Life has an average 1 year price target of $128.56, an upside of 93.64% from Globe Life's current stock price of $66.39.

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 21.03% 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 20.3% from Primerica's current stock price of $217.51.

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 6.37%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.47%. 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 2.47%. 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 4.53%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.47%. 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 0.64% in the last day, and up 2.44% 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 21.05% 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 84.91% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 49 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 91.53% 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 17.02% 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 16.38x.

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. Globe Life (NYSE:GL)

3. Primerica (NYSE:PRI)

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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