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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 %
LNC
LINCOLN NATIONAL CORP
$28.104.34%1.04%-11.16%5.64%14.41%37.14%-56.52%-58.15%-43.19%$32.43$18.5013.35%51.89%1.911,886,333-53.76%
MFC
MANULIFE FINANCIAL CORP
$24.011.31%2.30%-2.24%9.84%28.74%22.81%9.14%29.09%25.97%$25.14$17.074.49%40.66%1.101,081,107-89.06%
AFL
AFLAC INC
$83.21-0.99%-0.48%-2.31%9.01%1.19%23.53%52.62%64.80%165.51%$86.26$64.103.54%29.82%0.972,901,181-38.77%
PRU
PRUDENTIAL FINANCIAL INC
$112.260.87%1.59%-3.94%9.28%19.24%37.98%10.67%8.85%36.30%$118.69$77.875.42%44.16%1.31999,571-43.57%
MET
METLIFE INC
$70.520.40%0.14%-4.15%7.16%14.18%20.12%9.81%46.92%36.85%$74.68$48.955.56%44.07%1.182,881,314-50.71%
UNM
UNUM GROUP
$51.62-0.14%1.71%-4.90%8.67%18.34%17.64%78.99%40.23%54.18%$54.57$41.755.41%23.64%1.31981,641-32.38%
PRI
PRIMERICA INC
$217.99-0.62%2.12%-12.47%-6.58%6.46%21.63%34.75%66.16%375.86%$256.56$176.8115.03%23.29%1.12199,20425.12%
GL
GLOBE LIFE INC
$77.55-2.18%2.38%-30.07%-35.52%-33.81%-26.99%-24.95%-11.77%45.33%$132.00$38.9541.25%99.10%1.001,779,3571.84%
JXN
JACKSON FINANCIAL INC
$71.162.51%2.30%5.42%43.87%74.54%108.62%N/AN/AN/A$71.66$26.700.70%166.52%1.45482,639-9.28%
NWLI
NATIONAL WESTERN LIFE GROUP INC
$488.48-0.09%0.04%-0.86%1.03%2.13%87.48%105.68%82.71%108.48%$493.00$258.560.92%88.92%1.0923,84973.47%
CNO
CNO FINANCIAL GROUP INC
$27.11-0.22%2.69%0.67%2.07%10.56%26.33%4.15%59.75%59.38%$28.39$20.704.51%30.97%1.36579,069-22.21%
CIA
CITIZENS INC
$2.11-1.40%1.44%-3.65%-25.44%-30.36%19.89%-64.24%-69.29%-66.51%$3.69$1.6442.82%28.66%0.80118,269154.69%
PUK
PRUDENTIAL PLC
$19.002.26%3.77%3.26%-8.08%-14.72%-36.45%-56.01%-58.52%-58.84%$30.58$17.1237.87%10.98%1.371,114,43922.17%
BHF
BRIGHTHOUSE FINANCIAL INC
$48.991.01%0.53%-4.86%-4.30%0.68%16.34%3.64%16.04%N/A$56.25$39.2412.90%24.86%1.76622,19528.64%
AAME
ATLANTIC AMERICAN CORP
$1.880.00%-4.08%-13.76%-31.64%0.00%-14.16%-55.45%-25.40%-45.98%$3.00$1.4937.33%26.17%0.321,74839.06%
FG
F&G ANNUITIES & LIFE INC
$39.90-0.75%2.23%-4.52%-10.01%21.50%121.05%N/AN/AN/A$48.71$15.1018.09%164.24%1.0367,331-1.09%
ABL
ABACUS LIFE INC
$12.061.52%1.09%1.77%-2.74%81.90%17.32%22.74%N/AN/A$13.25$5.478.98%120.48%0.0519,156-2.24%
GNW
GENWORTH FINANCIAL INC
$6.490.46%8.35%1.09%6.57%4.68%18.65%48.17%67.27%-63.48%$6.93$4.836.35%34.37%1.122,949,139-41.11%
VERY
VERICITY INC
$11.380.53%0.26%0.09%0.89%3.08%66.13%3.08%N/AN/A$11.99$4.705.09%142.13%0.19787-48.19%

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 24 points higher than the property & casualty insurance industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Lincoln National has seen its stock return 37.14% over the past year, underperforming other property & casualty insurance stocks by -1 percentage points.

Lincoln National has an average 1 year price target of $30.75, an upside of 9.43% from Lincoln National's current stock price of $28.10.

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 20 points higher than the property & casualty insurance industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 22.81% 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 45.77% from Manulife Financial's current stock price of $24.01.

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 18 points higher than the property & casualty insurance industry average of 33. It passed 18 out of 38 due diligence checks and has strong fundamentals. Aflac has seen its stock return 23.53% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Aflac has an average 1 year price target of $83.78, an upside of 0.68% from Aflac's current stock price of $83.21.

Aflac stock has a consensus Hold recommendation according to Wall Street analysts. Of the 9 analysts covering Aflac, 11.11% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% have issued a hold, while 11.11% have issued a Sell rating, and 11.11% 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 6.41%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.59%. 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 5.02%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.59%. 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 4.5%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.59%. 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 0.06% in the last day, and up 1.04% 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 34 points higher than the property & casualty insurance industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 22.81% 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 34 points higher than the property & casualty insurance industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 108.62% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 71 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 34 points higher than the property & casualty insurance industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Lincoln National's stock has gained 37.14% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -1 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 13.32% 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 13.14x.
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.