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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
LNC
LINCOLN NATIONAL CORP
$4.58B$11.95B$2.34B$1.35B$7.40-33.27%-6.57%N/A0.69%
MFC
MANULIFE FINANCIAL CORP
$42.80B$24.95B$5.99B$3.56B$1.9451.25%-2.59%N/A2.60%2024-05-08
AFL
AFLAC INC
$47.75B$19.34B$6.28B$5.35B$9.143.03%-2.50%25.03%17.39%2024-05-06
UNM
UNUM GROUP
$9.79B$12.55B$1.99B$1.32B$6.774.24%1.44%-11.50%22.64%2024-05-23
MET
METLIFE INC
$49.95B$67.57B$3.64B$2.17B$2.92-1.71%-0.54%-34.53%-10.73%2024-06-18
PRU
PRUDENTIAL FINANCIAL INC
$39.95B$60.44B$2.97B$2.16B$5.87-2.62%-1.24%633.75%-7.57%2024-05-14
PRI
PRIMERICA INC
$7.64B$2.82B$810.24M$576.60M$15.973.51%8.19%29.10%16.79%2024-05-06
GL
GLOBE LIFE INC
$7.43B$5.45B$1.30B$970.76M$10.214.22%4.83%11.83%10.89%
JXN
JACKSON FINANCIAL INC
$5.37B$3.16B$1.12B$899.00M$10.99-67.97%-25.41%-84.81%-26.87%2024-05-08
NWLI
NATIONAL WESTERN LIFE GROUP INC
$1.78B$703.35M$129.69M$94.43M$26.7125.59%4.98%-61.68%-4.15%2024-06-21
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$4.48B$2.84B$355.56M$166.86M$2.10100.59%12.89%-89.86%-16.16%2024-05-06
CNO
CNO FINANCIAL GROUP INC
$2.96B$4.15B$595.40M$276.50M$2.4415.94%-0.79%-55.23%N/A2024-05-09
CIA
CITIZENS INC
$106.08M$240.68M$26.69M$24.44M$0.493.51%-0.27%-5.77%N/A2024-05-22
PUK
PRUDENTIAL PLC
$25.58B$10.83B$2.26B$1.70B$1.2452.51%-21.29%N/A-16.82%
BHF
BRIGHTHOUSE FINANCIAL INC
$3.05B$4.12B-$1.48B-$1.21B-$18.39-40.10%-14.41%N/AN/A2024-05-07
AAME
ATLANTIC AMERICAN CORP
$38.36M$186.79M$3.36M-$570.00k-$0.03-0.56%0.13%N/AN/A2024-05-06
ABL
ABACUS LIFE INC
$756.69M$66.40M$24.28M$9.52M$0.1748.50%N/A-73.02%N/A2024-06-13
FG
F&G ANNUITIES & LIFE INC
$5.08B$4.50B$474.00M-$58.00M-$0.4791.57%N/AN/AN/A
GNW
GENWORTH FINANCIAL INC
$2.86B$7.49B$298.00M$76.00M$0.16-0.09%-1.07%-91.21%-7.79%2024-05-23
VERY
VERICITY INC
$168.39M$177.57M-$5.44M-$9.89M-$0.678.33%7.45%N/AN/A2024-05-13

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.