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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
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
MFC
MANULIFE FINANCIAL CORP
$24.662,534,9517.50%24.2424.0923.2221.7520.2164.5177.7867.0755.2138.910.290.31-0.031.10
PRI
PRIMERICA INC
$256.1893,25711.28%249.93248.99241.15224.79213.2866.6982.4573.4273.3051.123.243.25-0.011.13
UNM
UNUM GROUP
$53.70950,0916.82%52.5951.4849.2946.6147.5873.7293.3387.2757.9044.811.191.100.091.32
GL
GLOBE LIFE INC
$116.601,234,18015.93%116.53120.86122.78121.63116.4934.6818.4216.0029.3020.21-2.35-1.88-0.471.03
AFL
AFLAC INC
$85.621,816,5049.32%84.6383.2381.7981.9178.1467.7091.1389.4373.2267.561.181.010.170.98
PRU
PRUDENTIAL FINANCIAL INC
$117.021,281,4025.90%114.55112.30108.42103.7698.3172.5091.4887.7780.8575.272.332.050.281.32
MET
METLIFE INC
$73.922,503,142-7.23%72.8671.8969.8567.1964.0569.2482.3377.4645.0434.661.131.070.061.19
JXN
JACKSON FINANCIAL INC
$66.14486,500-14.01%63.7960.9954.9951.3543.1975.5180.8479.6317.4828.193.162.950.211.46
CNO
CNO FINANCIAL GROUP INC
$27.40976,75880.56%26.7926.7926.9826.6925.2258.2378.0867.9080.6868.950.03-0.040.071.37
CIA
CITIZENS INC
$2.1379,47233.55%2.122.302.592.832.8335.7426.5717.4190.6660.13-0.17-0.16-0.010.80
LNC
LINCOLN NATIONAL CORP
$32.082,894,00441.80%28.8427.9027.5426.4225.7974.8493.9790.4394.7190.390.910.430.481.91
AAME
ATLANTIC AMERICAN CORP
$2.8017,170409.04%2.772.752.662.342.1358.1343.1642.8841.4143.120.040.05-0.010.32
NWLI
NATIONAL WESTERN LIFE GROUP INC
$491.545,485-79.64%488.70486.91485.19483.16460.8377.4285.2887.73100.0099.941.691.120.571.10
PUK
PRUDENTIAL PLC
$19.301,516,83538.49%19.7820.0120.5421.3423.0438.9829.3434.8322.3128.77-0.35-0.26-0.081.36
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$56.20352,907-6.34%56.0855.8655.6055.3253.7565.2282.6083.4767.5972.110.190.160.031.51
BHF
BRIGHTHOUSE FINANCIAL INC
$51.19313,716-17.03%48.4447.4149.1550.2949.3564.9594.8287.6096.4987.720.27-0.270.541.77
GNW
GENWORTH FINANCIAL INC
$6.401,454,202-24.83%6.326.276.216.225.9755.5851.1149.1031.5228.340.040.030.011.13
FG
F&G ANNUITIES & LIFE INC
$40.0975,27510.35%38.9937.9841.6641.8934.3853.2776.5175.1986.3585.53-0.30-0.900.591.03
ABL
ABACUS LIFE INC
$11.6614,921-49.53%12.1311.8312.0110.028.8145.4259.8066.0671.8184.300.080.09-0.000.05
VERY
VERICITY INC
$11.38739-85.38%11.4611.4011.3311.229.2549.9710.2912.981.303.310.030.04-0.010.20

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in Mar 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 51, which is 21 points higher than the property & casualty insurance industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 38.38% over the past year, underperforming other property & casualty insurance stocks by -17 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 41.93% from Manulife Financial's current stock price of $24.66.

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. Primerica (NYSE:PRI)


Primerica (NYSE:PRI) is the second best property & casualty insurance stock with a Zen Score of 46, which is 16 points higher than the property & casualty insurance industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Primerica has seen its stock return 55.74% over the past year, overperforming other property & casualty insurance stocks by 1 percentage points.

Primerica has an average 1 year price target of $258.33, an upside of 0.84% from Primerica's current stock price of $256.18.

Primerica stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Primerica, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Unum Group (NYSE:UNM)


Unum Group (NYSE:UNM) is the third best property & casualty insurance stock with a Zen Score of 45, which is 15 points higher than the property & casualty insurance industry average of 30. It passed 16 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 37.31% over the past year, underperforming other property & casualty insurance stocks by -18 percentage points.

Unum Group has an average 1 year price target of $55.60, an upside of 3.54% from Unum Group's current stock price of $53.70.

Unum Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Unum Group, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% 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 5.61%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 -36.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) has an annual dividend yield of 4.89%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 4.32%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 74.7% indicates that its dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks up?

Property & casualty insurance stocks were up 0.86% in the last day, and up 1.16% 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. Jackson Financial (NYSE:JXN)


Jackson Financial (NYSE:JXN) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Jackson Financial has a valuation score of 71, which is 39 points higher than the property & casualty insurance industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 82% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 27 percentage points.

2. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Manulife Financial has a valuation score of 71, which is 39 points higher than the property & casualty insurance industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 38.38% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -17 percentage points.

3. Atlantic American (NASDAQ:AAME)


Atlantic American (NASDAQ:AAME) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Atlantic American has a valuation score of 57, which is 25 points higher than the property & casualty insurance industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Atlantic American's stock has gained 12.9% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -42 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 2.49% 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 16.81x.
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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.