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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
1d %
1w %
1m %
3m %
6m %
1y %
3y %
5y %
10y %
52-week High
52-week Low
% off 52-week High
% off 52-week Low
Beta
Volume
Vol 1d %
MFC
MANULIFE FINANCIAL CORP
$22.930.48%-3.29%-4.74%9.19%26.48%17.23%6.21%24.55%22.95%$25.14$17.078.79%34.33%1.102,063,3178.59%
GL
GLOBE LIFE INC
$65.002.80%32.19%-44.26%-46.16%-43.36%-40.74%-37.66%-26.75%24.89%$132.00$38.9550.76%66.88%1.005,257,6502.79%
PRI
PRIMERICA INC
$210.09-0.73%-5.95%-14.65%-5.82%1.14%15.40%30.65%66.79%354.25%$256.56$173.0018.11%21.44%1.121,699,198551.81%
UNM
UNUM GROUP
$50.791.26%1.07%-2.16%10.73%-0.78%23.19%74.42%38.85%50.80%$54.57$40.046.93%26.85%1.31919,49217.39%
AFL
AFLAC INC
$80.980.90%1.68%-4.15%-3.15%0.78%21.06%51.19%65.54%158.35%$86.26$64.106.12%26.34%0.972,129,7379.05%
PRU
PRUDENTIAL FINANCIAL INC
$108.701.26%-2.36%-3.87%6.74%14.65%24.94%10.31%4.69%34.20%$118.69$77.228.42%40.77%1.311,335,2168.84%
MET
METLIFE INC
$69.951.49%-1.45%-3.58%3.29%10.89%14.09%10.86%54.35%36.75%$74.68$48.956.33%42.90%1.192,649,826-0.02%
JXN
JACKSON FINANCIAL INC
$64.391.31%-1.50%4.94%30.45%59.07%72.72%N/AN/AN/A$68.97$26.706.64%141.16%1.45757,24628.60%
CNO
CNO FINANCIAL GROUP INC
$25.692.27%2.11%-2.43%-4.82%6.73%15.15%-0.50%51.74%48.33%$28.39$19.959.51%28.77%1.371,218,37165.23%
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$55.14-0.20%-1.11%-1.34%-0.52%2.91%45.91%72.15%93.13%137.57%$56.40$36.692.23%50.29%1.50716,30521.26%
NWLI
NATIONAL WESTERN LIFE GROUP INC
$487.210.08%-0.64%0.25%0.79%1.50%94.77%104.72%84.23%100.18%$493.00$243.001.17%100.50%1.0985,06720.76%
PUK
PRUDENTIAL PLC
$18.052.32%-0.06%-10.20%-10.78%-14.94%-38.12%-58.42%-60.82%-59.75%$30.91$17.1241.60%5.43%1.36911,907-30.88%
CIA
CITIZENS INC
$2.011.52%-0.50%-9.05%-19.92%-33.00%-13.73%-64.67%-70.57%-71.08%$3.69$1.6445.53%22.56%0.8036,081-15.34%
LNC
LINCOLN NATIONAL CORP
$27.231.42%-6.14%0.22%0.96%13.18%27.30%-57.97%-58.86%-43.12%$32.43$18.5016.04%47.19%1.911,848,16318.87%
BHF
BRIGHTHOUSE FINANCIAL INC
$47.581.36%-0.46%0.91%-4.84%-2.88%8.33%1.04%15.51%N/A$56.25$39.2415.41%21.27%1.76237,983-17.93%
AAME
ATLANTIC AMERICAN CORP
$1.95-0.51%-12.56%-27.24%-26.42%8.33%-17.72%-48.00%-20.41%-45.53%$3.00$1.4935.00%30.87%0.323,485-62.87%
GNW
GENWORTH FINANCIAL INC
$5.881.55%-1.18%-5.62%-3.29%-3.29%-4.85%61.10%56.80%-65.21%$6.93$4.5115.15%30.38%1.132,860,93023.33%
FG
F&G ANNUITIES & LIFE INC
$35.11-0.54%-3.91%-5.36%-17.91%11.46%88.66%N/AN/AN/A$48.71$14.7627.92%137.87%1.0364,28211.82%
ABL
ABACUS LIFE INC
$11.840.42%2.96%-2.95%2.96%74.89%14.84%20.57%N/AN/A$13.25$5.4710.64%116.45%0.0427,15011.81%
VERY
VERICITY INC
$11.360.35%0.35%0.00%1.07%3.46%54.14%3.56%N/AN/A$11.99$4.705.25%141.70%0.201,234-1.75%

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 51, which is 20 points higher than the property & casualty insurance industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 17.23% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 52.64% from Manulife Financial's current stock price of $22.93.

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. Globe Life (NYSE:GL)


Globe Life (NYSE:GL) is the second best property & casualty insurance stock with a Zen Score of 50, which is 19 points higher than the property & casualty insurance industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Globe Life has seen its stock lose -40.74% over the past year, underperforming other property & casualty insurance stocks by -73 percentage points.

Globe Life has an average 1 year price target of $128.56, an upside of 97.78% from Globe Life's current stock price of $65.00.

Globe Life stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Globe Life, 55.56% have issued a Strong Buy rating, 0% have issued a Buy, 44.44% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Primerica (NYSE:PRI)


Primerica (NYSE:PRI) is the third 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 15.4% over the past year, underperforming other property & casualty insurance stocks by -17 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 24.55% from Primerica's current stock price of $210.09.

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.

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 6.61%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.54%. 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 5.26%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.54%. 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 4.65%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.54%. 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 0.52% in the last day, and down -0.54% 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 37 points higher than the property & casualty insurance industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 17.23% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -15 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 37 points higher than the property & casualty insurance industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 72.72% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 40 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 23 points higher than the property & casualty insurance industry average of 34. It passed 4 out of 7 valuation due diligence checks.

National Western Life Group's stock has gained 94.77% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 62 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 20.6% 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 16.06x.
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.