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	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	$23.47	1,292,577	-21.54%	23.20	23.73	23.99	22.77	20.74	46.58	37.56	38.60	50.64	52.44	-0.18	-0.17	-0.02	1.10
PRI	PRIMERICA INC	$213.46	310,772	124.88%	215.36	228.90	240.69	229.67	216.89	32.09	50.30	51.63	50.64	46.92	-8.00	-7.27	-0.73	1.12
UNM	UNUM GROUP	$50.75	1,009,278	67.30%	51.03	51.81	51.24	48.50	48.11	43.98	41.68	44.73	51.97	53.46	-0.10	-0.01	-0.09	1.31
AFL	AFLAC INC	$83.61	1,838,720	0.40%	82.41	83.01	82.58	82.21	79.62	53.89	72.15	70.36	86.07	84.29	0.07	-0.11	0.18	0.97
GL	GLOBE LIFE INC	$75.75	5,940,558	43.06%	68.28	83.33	106.84	114.61	113.97	39.09	53.57	51.36	96.61	98.20	-10.93	-12.36	1.43	1.01
PRU	PRUDENTIAL FINANCIAL INC	$110.50	1,014,774	11.60%	110.06	112.26	111.59	107.62	100.95	45.27	49.59	49.77	66.83	66.07	-0.46	-0.35	-0.12	1.31
MET	METLIFE INC	$70.42	5,197,760	150.64%	70.76	71.72	71.35	69.29	65.74	43.85	55.46	60.98	65.70	72.19	-0.13	-0.11	-0.02	1.19
JXN	JACKSON FINANCIAL INC	$69.56	679,929	-9.83%	66.76	66.26	61.63	55.93	46.97	67.77	87.00	89.04	83.55	86.50	1.94	1.69	0.24	1.45
CNO	CNO FINANCIAL GROUP INC	$26.40	549,857	12.53%	26.06	26.28	26.62	26.90	25.55	50.19	72.19	72.24	85.53	92.11	-0.09	-0.18	0.10	1.37
AEL	AMERICAN EQUITY INVESTMENT LIFE HOLDING CO	$56.31	337,390	-39.32%	55.67	55.83	55.77	55.63	54.66	59.64	84.49	81.06	86.78	84.82	0.05	-0.03	0.07	1.50
NWLI	NATIONAL WESTERN LIFE GROUP INC	$488.30	5,126	-76.60%	487.96	489.85	487.82	485.48	470.63	47.67	49.46	45.64	40.39	33.46	-0.13	0.19	-0.32	1.09
PUK	PRUDENTIAL PLC	$18.31	964,833	-17.00%	18.10	18.19	19.44	20.44	22.03	45.64	73.12	80.67	81.94	89.80	-0.31	-0.45	0.13	1.36
CIA	CITIZENS INC	$2.08	34,683	-46.18%	2.03	2.06	2.29	2.58	2.79	46.69	69.12	60.45	91.70	93.26	-0.06	-0.08	0.03	0.80
LNC	LINCOLN NATIONAL CORP	$27.81	1,478,381	15.05%	27.83	29.07	28.34	27.63	26.23	43.86	31.28	33.52	47.50	49.37	-0.26	-0.11	-0.15	1.91
BHF	BRIGHTHOUSE FINANCIAL INC	$48.73	591,148	6.67%	48.51	49.32	48.30	50.28	49.69	48.74	59.56	61.30	64.64	70.09	0.03	0.00	0.03	1.76
AAME	ATLANTIC AMERICAN CORP	$1.96	4,731	7.47%	1.95	2.12	2.48	2.42	2.14	30.88	13.03	8.99	27.05	18.73	-0.18	-0.17	-0.00	0.32
FG	F&G ANNUITIES & LIFE INC	$39.03	64,128	-24.54%	37.11	38.36	38.83	41.82	36.02	53.60	59.45	50.55	93.74	82.88	-0.37	-0.62	0.26	1.02
GNW	GENWORTH FINANCIAL INC	$5.99	1,547,481	-33.94%	5.94	6.08	6.17	6.26	6.06	44.31	45.80	45.76	71.96	72.72	-0.07	-0.08	0.01	1.12
ABL	ABACUS LIFE INC	$11.93	21,057	-31.78%	11.92	11.93	11.92	11.12	9.02	50.16	57.07	58.58	79.49	83.93	0.01	0.01	0.00	0.04
VERY	VERICITY INC	$11.35	959	-30.51%	11.35	11.35	11.36	11.28	9.80	49.27	71.28	58.39	64.17	54.21	-0.01	-0.01	-0.00	0.19

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in Apr 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 53, which is 22 points higher than the property & casualty insurance industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 23.72% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 49.13% from Manulife Financial's current stock price of $23.47.

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 15 points higher than the property & casualty insurance industry average of 31. It passed 17 out of 38 due diligence checks and has strong fundamentals. Primerica has seen its stock return 21.18% over the past year, underperforming other property & casualty insurance stocks by -19 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 22.58% from Primerica's current stock price of $213.46.

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 14 points higher than the property & casualty insurance industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 25.96% over the past year, underperforming other property & casualty insurance stocks by -14 percentage points.

Unum Group has an average 1 year price target of $56.40, an upside of 11.13% from Unum Group's current stock price of $50.75.

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 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 6.47%, 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 -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 5.14%, 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 4.57%, 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 74.7% indicates that its dividend yield is sustainable for the long-term.

Why are property & casualty insurance stocks down?

Property & casualty insurance stocks were down -0.51% in the last day, and up 1.12% over the last week.

We couldn't find a catalyst for why property & casualty insurance stocks are down.

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 38 points higher than the property & casualty insurance industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 23.72% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -16 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 38 points higher than the property & casualty insurance industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 100.63% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 61 percentage points.

3. National Western Life Group (NASDAQ:NWLI)

National Western Life Group (NASDAQ:NWLI) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. National Western Life Group has a valuation score of 57, which is 24 points higher than the property & casualty insurance industry average of 33. It passed 4 out of 7 valuation due diligence checks.

National Western Life Group's stock has gained 95.27% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 55 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 14.34% 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 15.93x.

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. Manulife Financial (NYSE:MFC)

2. Primerica (NYSE:PRI)

3. Unum Group (NYSE:UNM)

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. National Western Life Group (NASDAQ:NWLI)

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