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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
LNC	LINCOLN NATIONAL CORP	$26.93	4,079,564	61.48%	27.90	28.31	28.35	27.76	26.24	39.44	30.37	30.98	41.58	49.30	-0.40	-0.25	-0.15	1.90
MFC	MANULIFE FINANCIAL CORP	$23.70	9,878,028	390.73%	23.46	23.54	23.92	22.92	20.82	51.47	67.94	58.28	89.71	84.67	-0.11	-0.15	0.04	1.10
AFL	AFLAC INC	$84.04	4,738,366	106.55%	83.89	82.87	82.96	82.29	79.90	54.28	81.28	83.39	85.51	88.39	0.30	0.10	0.20	0.97
UNM	UNUM GROUP	$51.69	1,451,750	-46.36%	51.43	51.29	51.43	48.85	48.18	52.26	67.80	56.22	76.97	63.83	-0.06	-0.07	0.01	1.31
MET	METLIFE INC	$70.24	5,845,894	53.15%	71.52	71.29	71.53	69.58	65.99	44.21	61.71	62.88	63.51	65.84	-0.15	-0.11	-0.05	1.18
PRU	PRUDENTIAL FINANCIAL INC	$111.29	1,771,257	-25.77%	111.46	111.29	111.88	108.14	101.33	48.78	68.78	66.29	79.68	78.43	-0.28	-0.34	0.06	1.31
PRI	PRIMERICA INC	$219.34	159,215	-6.57%	216.63	222.16	238.23	229.83	217.11	42.57	67.40	56.32	84.38	70.69	-6.94	-7.40	0.47	1.12
GL	GLOBE LIFE INC	$79.28	1,747,283	-29.15%	75.18	76.65	103.02	112.80	113.32	43.71	80.34	69.18	98.50	98.11	-7.43	-10.06	2.64	1.01
JXN	JACKSON FINANCIAL INC	$69.42	532,018	-17.32%	68.82	66.82	63.04	56.79	47.69	63.76	74.87	76.94	50.05	57.59	1.83	1.80	0.03	1.45
NWLI	NATIONAL WESTERN LIFE GROUP INC	$488.90	13,748	85.78%	488.30	489.10	488.16	485.72	471.98	51.03	56.57	51.68	58.83	49.22	-0.11	-0.00	-0.11	1.09
AEL	AMERICAN EQUITY INVESTMENT LIFE HOLDING CO	$56.47	24,215,765	515.67%	56.13	55.89	55.85	55.66	54.72	59.74	69.37	77.67	78.89	83.30	0.13	0.05	0.08	1.50
CNO	CNO FINANCIAL GROUP INC	$27.17	744,394	-0.61%	26.61	26.25	26.60	26.90	25.59	57.44	77.87	77.48	86.61	85.06	0.05	-0.07	0.13	1.37
CIA	CITIZENS INC	$2.14	46,436	-27.53%	2.11	2.07	2.24	2.53	2.78	50.70	65.46	73.77	83.33	91.89	-0.01	-0.05	0.03	0.80
PUK	PRUDENTIAL PLC	$18.58	912,207	7.20%	18.31	18.12	19.21	20.29	21.83	50.81	48.54	54.84	67.14	70.77	-0.25	-0.34	0.09	1.37
BHF	BRIGHTHOUSE FINANCIAL INC	$48.50	483,687	-21.73%	49.04	48.83	48.34	50.12	49.68	47.74	50.27	50.37	45.51	45.99	-0.08	-0.03	-0.05	1.76
AAME	ATLANTIC AMERICAN CORP	$1.88	1,257	-89.28%	1.91	2.01	2.43	2.41	2.14	27.43	6.76	8.06	38.88	36.88	-0.16	-0.17	0.01	0.32
ABL	ABACUS LIFE INC	$11.88	19,594	113.61%	11.91	11.90	11.88	11.31	9.11	49.40	41.34	45.96	44.50	52.70	-0.01	-0.00	-0.01	0.04
FG	F&G ANNUITIES & LIFE INC	$40.20	68,070	35.44%	38.45	37.98	38.38	41.63	36.31	57.99	73.43	70.73	83.25	84.91	-0.01	-0.34	0.33	1.04
GNW	GENWORTH FINANCIAL INC	$6.46	5,008,093	73.67%	6.06	6.03	6.17	6.26	6.07	63.50	76.27	72.24	86.30	83.50	-0.01	-0.06	0.04	1.12
VERY	VERICITY INC	$11.32	1,519	-77.24%	11.35	11.34	11.37	11.29	9.88	46.19	69.05	78.14	38.58	59.99	-0.01	-0.01	-0.00	0.19

Property & Casualty Insurance Stocks FAQ

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

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

1. Lincoln National (NYSE:LNC)

Lincoln National (NYSE:LNC) is the top property & casualty insurance stock with a Zen Score of 57, which is 25 points higher than the property & casualty insurance industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Lincoln National has seen its stock return 31.05% over the past year, underperforming other property & casualty insurance stocks by -8 percentage points.

Lincoln National has an average 1 year price target of $30.75, an upside of 14.18% from Lincoln National's current stock price of $26.93.

Lincoln National stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Lincoln National, 12.5% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.

2. Manulife Financial (NYSE:MFC)

Manulife Financial (NYSE:MFC) is the second best property & casualty insurance stock with a Zen Score of 53, which is 21 points higher than the property & casualty insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 20.86% over the past year, underperforming other property & casualty insurance stocks by -18 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 47.68% from Manulife Financial's current stock price of $23.70.

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.

3. Aflac (NYSE:AFL)

Aflac (NYSE:AFL) is the third best property & casualty insurance stock with a Zen Score of 51, which is 19 points higher than the property & casualty insurance industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Aflac has seen its stock return 22.44% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Aflac has an average 1 year price target of $84.00, a downside of -0.05% from Aflac's current stock price of $84.04.

Aflac stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Aflac, 12.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 50% have issued a hold, while 12.5% have issued a Sell rating, and 12.5% 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 6.68%, 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 24.3% indicates that its high dividend yield is sustainable for the long-term.

2. Manulife Financial (NYSE:MFC)

Manulife Financial (NYSE:MFC) has an annual dividend yield of 5.09%, 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 4.54%, 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 86% indicates that its dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 0.29% in the last day, and up 0.44% over the last week. Genworth Financial was the among the top gainers in the insurance - life industry, gaining 6.43% yesterday.

Genworth Financial shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results and a year-over-year increase in Q1 sales results.

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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 20.86% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -18 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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 102.33% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 64 percentage points.

3. Lincoln National (NYSE:LNC)

Lincoln National (NYSE:LNC) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Lincoln National has a valuation score of 71, which is 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Lincoln National's stock has gained 31.05% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -8 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 12.55% 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 13.35x.

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. Lincoln National (NYSE:LNC)

2. Manulife Financial (NYSE:MFC)

3. Aflac (NYSE:AFL)

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. Lincoln National (NYSE:LNC)

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