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	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
LNC	LINCOLN NATIONAL CORP	$4.58B	23.00%	0.40%	N/A	0.60%	49.81	N/A	16.80%	11.30%	19.62%
MFC	MANULIFE FINANCIAL CORP	$42.80B	10.20%	0.60%	N/A	0.90%	17.58	N/A	40.60%	14.30%	22.28%
AFL	AFLAC INC	$47.75B	24.10%	4.20%	N/A	4.90%	4.30	N/A	58.30%	27.70%	32.50%
UNM	UNUM GROUP	$9.79B	13.60%	2.10%	N/A	2.90%	5.12	N/A	41.80%	10.50%	14.99%
MET	METLIFE INC	$49.95B	7.60%	0.30%	N/A	0.40%	22.74	N/A	23.40%	3.20%	4.33%
PRU	PRUDENTIAL FINANCIAL INC	$39.95B	7.90%	0.30%	N/A	0.40%	25.60	N/A	29.10%	3.60%	4.44%
PRI	PRIMERICA INC	$7.64B	27.70%	3.90%	N/A	5.30%	6.27	N/A	77.20%	20.50%	27.64%
GL	GLOBE LIFE INC	$7.43B	22.90%	3.60%	N/A	4.60%	5.25	N/A	47.40%	17.80%	23.80%
JXN	JACKSON FINANCIAL INC	$5.37B	9.70%	0.30%	N/A	0.30%	31.46	N/A	153.30%	28.50%	35.55%
NWLI	NATIONAL WESTERN LIFE GROUP INC	$1.78B	4.10%	0.80%	N/A	1.10%	4.02	N/A	57.50%	13.40%	18.44%
AEL	AMERICAN EQUITY INVESTMENT LIFE HOLDING CO	$4.48B	6.50%	0.20%	N/A	0.50%	25.43	N/A	79.90%	5.90%	12.23%
CNO	CNO FINANCIAL GROUP INC	$2.96B	13.60%	0.80%	N/A	1.60%	14.84	N/A	45.10%	6.70%	14.36%
CIA	CITIZENS INC	$106.08M	15.60%	1.50%	N/A	1.60%	8.70	N/A	41.70%	10.20%	10.88%
PUK	PRUDENTIAL PLC	$25.58B	9.80%	1.00%	N/A	1.40%	8.76	N/A	59.70%	15.70%	20.85%
BHF	BRIGHTHOUSE FINANCIAL INC	$3.05B	-24.70%	-0.50%	N/A	-0.60%	46.80	N/A	27.30%	-29.50%	-35.92%
AAME	ATLANTIC AMERICAN CORP	$38.36M	-0.60%	-0.20%	N/A	0.70%	2.55	N/A	34.40%	-0.30%	1.45%
ABL	ABACUS LIFE INC	$756.69M	7.20%	3.80%	6.76%	11.60%	1.02	1.36	90.20%	14.30%	31.40%
FG	F&G ANNUITIES & LIFE INC	$5.08B	-2.20%	-0.10%	N/A	0.10%	21.62	N/A	18.90%	-1.30%	1.38%
GNW	GENWORTH FINANCIAL INC	$2.86B	1.00%	0.10%	N/A	0.30%	11.03	N/A	21.70%	1.00%	3.98%
VERY	VERICITY INC	$168.39M	-9.00%	-1.20%	N/A	-1.30%	6.47	N/A	60.40%	-5.60%	-6.11%

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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