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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 %
LNC
LINCOLN NATIONAL CORP
$26.93-2.74%-3.68%-13.35%0.90%16.48%31.05%-58.33%-59.42%-45.24%$32.43$18.5016.96%45.57%1.904,079,56461.48%
MFC
MANULIFE FINANCIAL CORP
$23.700.55%1.41%-3.03%8.37%29.30%20.86%7.73%29.58%23.89%$25.14$17.075.73%38.84%1.109,878,028390.73%
AFL
AFLAC INC
$84.04-0.63%0.37%-1.05%9.40%2.83%22.44%54.15%67.24%166.16%$86.26$64.102.57%31.12%0.974,738,366106.55%
UNM
UNUM GROUP
$51.69-0.35%0.64%-4.45%9.19%21.05%26.20%79.23%41.50%53.75%$54.57$41.755.28%23.81%1.311,451,750-46.36%
MET
METLIFE INC
$70.24-2.28%-2.31%-4.08%6.50%17.05%18.19%9.37%48.15%35.36%$74.68$48.955.94%43.49%1.185,845,89453.15%
PRU
PRUDENTIAL FINANCIAL INC
$111.29-0.90%0.10%-4.31%7.83%21.40%33.22%9.71%9.28%35.64%$118.69$77.226.23%44.12%1.311,771,257-25.77%
PRI
PRIMERICA INC
$219.341.78%0.34%-11.76%-6.27%9.42%20.99%35.59%71.17%375.28%$256.56$173.0014.51%26.79%1.12159,215-6.57%
GL
GLOBE LIFE INC
$79.28-0.25%4.95%-28.99%-34.40%-31.58%-26.23%-23.27%-9.39%48.56%$132.00$38.9539.94%103.54%1.011,747,283-29.15%
JXN
JACKSON FINANCIAL INC
$69.420.46%-0.23%5.55%41.13%75.48%102.33%N/AN/AN/A$70.98$26.702.19%160.00%1.45532,018-17.32%
NWLI
NATIONAL WESTERN LIFE GROUP INC
$488.900.14%0.15%-0.71%1.20%2.18%94.80%105.86%83.61%108.02%$493.00$250.800.83%94.94%1.0913,74885.78%
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$56.470.55%0.46%1.00%1.84%5.35%45.69%78.20%93.92%150.64%$57.29$37.541.43%50.43%1.5024,215,765515.67%
CNO
CNO FINANCIAL GROUP INC
$27.171.72%2.72%0.97%2.03%13.11%19.90%4.38%63.77%60.48%$28.39$19.954.30%36.19%1.37744,394-0.61%
CIA
CITIZENS INC
$2.14-1.83%3.88%2.39%-24.91%-30.29%14.44%-63.73%-68.53%-66.51%$3.69$1.6442.01%30.49%0.8046,436-27.53%
PUK
PRUDENTIAL PLC
$18.584.44%2.37%-0.05%-10.41%-13.50%-38.35%-56.98%-59.04%-59.80%$30.58$17.1239.24%8.53%1.37912,2077.20%
BHF
BRIGHTHOUSE FINANCIAL INC
$48.50-0.51%-1.08%-4.41%-5.14%2.47%14.20%2.60%15.89%N/A$56.25$39.2413.77%23.61%1.76483,687-21.73%
AAME
ATLANTIC AMERICAN CORP
$1.880.00%-1.05%-27.13%-31.64%3.30%-14.55%-55.45%-25.40%-45.98%$3.00$1.4937.33%26.17%0.321,257-89.28%
ABL
ABACUS LIFE INC
$11.881.54%-0.83%-1.00%-3.18%88.57%15.45%20.90%N/AN/A$13.25$5.4710.34%117.18%0.0419,594113.61%
FG
F&G ANNUITIES & LIFE INC
$40.204.23%4.06%0.05%-10.15%25.86%121.49%N/AN/AN/A$48.71$14.7617.47%172.36%1.0468,07035.44%
GNW
GENWORTH FINANCIAL INC
$6.466.43%7.49%1.89%6.43%6.08%18.10%47.49%72.73%-63.73%$6.93$4.516.78%43.24%1.125,008,09373.67%
VERY
VERICITY INC
$11.320.09%-0.26%-0.61%0.18%2.35%56.25%2.54%N/AN/A$11.99$4.705.59%140.85%0.191,519-77.24%

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.