WallStreetZenWallStreetZen

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
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
MFC
MANULIFE FINANCIAL CORP
55
71
29
67
30
80
LNC
LINCOLN NATIONAL CORP
54
71
14
67
20
100
AFL
AFLAC INC
53
57
57
0
70
80
PRI
PRIMERICA INC
46
29
57
22
60
60
PRU
PRUDENTIAL FINANCIAL INC
45
29
43
44
30
80

Upgrade to Premium to View More

Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

Already have a premium account? Sign In

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. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) is the top property & casualty insurance stock with a Zen Score of 55, which is 22 points higher than the property & casualty insurance industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 34.63% over the past year, underperforming other property & casualty insurance stocks by -9 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 34.56% from Manulife Financial's current stock price of $26.01.

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.

2. Lincoln National (NYSE:LNC)


Lincoln National (NYSE:LNC) is the second best property & casualty insurance stock with a Zen Score of 54, which is 21 points higher than the property & casualty insurance industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lincoln National has seen its stock return 51.94% over the past year, overperforming other property & casualty insurance stocks by 9 percentage points.

Lincoln National has an average 1 year price target of $30.38, an upside of 2.1% from Lincoln National's current stock price of $29.75.

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.

3. Aflac (NYSE:AFL)


Aflac (NYSE:AFL) is the third 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. Aflac has seen its stock return 30.58% over the past year, underperforming other property & casualty insurance stocks by -13 percentage points.

Aflac has an average 1 year price target of $83.89, a downside of -2.79% from Aflac's current stock price of $86.30.

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 6.05%, 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 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 4.64%, which is 2 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 70.6% 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 4.25%, 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 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 0.67% in the last day, and up 1.33% 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 36 points higher than the property & casualty insurance industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 34.63% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -9 percentage points.

2. Lincoln National (NYSE:LNC)


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

Lincoln National's stock has gained 51.94% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 9 percentage points.

3. Aflac (NYSE:AFL)


Aflac (NYSE:AFL) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Aflac has a valuation score of 57, which is 22 points higher than the property & casualty insurance industry average of 35. It passed 4 out of 7 valuation due diligence checks.

Aflac's stock has gained 30.58% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -13 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 8.23% 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 15.85x.
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.