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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
$26.691.14%2.46%16.96%9.52%39.16%37.79%25.48%54.37%45.53%$26.81$17.070.45%56.36%1.101,796,180-12.68%
LNC
LINCOLN NATIONAL CORP
$30.260.67%3.24%12.70%11.41%27.25%44.37%-56.88%-52.72%-36.91%$32.43$20.476.69%47.83%1.911,067,195-8.22%
AFL
AFLAC INC
$88.371.41%2.66%10.10%12.17%8.07%33.51%56.63%69.36%184.38%$88.41$64.100.05%37.87%0.972,195,07733.82%
PRI
PRIMERICA INC
$228.081.67%1.93%7.77%-7.30%8.84%24.10%42.23%85.30%417.19%$256.56$179.1511.10%27.31%1.12198,57569.49%
PRU
PRUDENTIAL FINANCIAL INC
$121.311.15%2.09%13.00%13.05%26.69%49.62%12.37%22.77%49.82%$121.40$78.400.07%54.73%1.311,691,20811.45%
UNM
UNUM GROUP
$53.090.61%0.00%5.84%7.84%24.62%15.51%71.92%52.60%61.37%$54.57$41.752.71%27.16%1.30862,75915.82%
GL
GLOBE LIFE INC
$86.072.54%-0.50%36.12%-31.61%-27.24%-20.25%-18.64%-1.51%60.48%$132.00$38.9534.80%120.98%1.012,270,413-4.18%
MET
METLIFE INC
$74.221.02%2.05%7.69%8.16%18.66%43.56%12.97%56.81%48.68%$74.68$49.380.61%50.30%1.192,419,962-14.64%
CNO
CNO FINANCIAL GROUP INC
$28.900.31%2.26%15.05%7.96%13.20%31.01%4.03%74.52%80.29%$29.00$21.520.34%34.29%1.37646,95144.56%
NWLI
NATIONAL WESTERN LIFE GROUP INC
$488.01-0.66%-0.54%0.25%0.86%1.67%24.78%89.89%75.92%106.78%$493.00$367.511.01%32.79%1.0942,472211.84%
JXN
JACKSON FINANCIAL INC
$77.973.00%3.11%22.67%52.05%70.46%158.86%N/AN/AN/A$81.52$27.244.35%186.23%1.45710,02956.14%
CIA
CITIZENS INC
$2.808.53%13.36%41.41%-6.04%-16.42%31.46%-50.00%-58.70%-56.11%$3.69$1.6424.12%70.73%0.80111,910209.60%
PUK
PRUDENTIAL PLC
$20.980.00%4.17%18.93%0.14%-11.36%-27.78%-50.90%-50.32%-55.39%$29.64$17.1229.21%22.55%1.37599,7630.65%
AAME
ATLANTIC AMERICAN CORP
$1.710.00%-3.93%-12.76%-31.87%-6.56%-22.97%-61.83%-26.61%-50.86%$3.00$1.4943.00%14.77%0.312,779-46.11%
FG
F&G ANNUITIES & LIFE INC
$42.764.96%5.22%21.13%-4.04%5.76%130.02%N/AN/AN/A$48.71$19.7812.22%116.23%1.04125,43058.82%
BHF
BRIGHTHOUSE FINANCIAL INC
$45.86-0.78%0.39%-2.30%-3.72%-9.44%10.13%-7.00%22.59%N/A$56.25$39.6218.46%15.76%1.75297,217-35.37%
ABL
ABACUS LIFE INC
$11.50-1.20%-4.01%-2.46%-6.66%82.54%11.11%17.59%N/AN/A$13.25$5.4713.21%110.24%0.051,968-87.59%
GNW
GENWORTH FINANCIAL INC
$6.681.37%0.91%15.37%9.33%15.57%20.80%62.53%100.60%-61.92%$6.93$4.833.61%38.30%1.122,188,2367.57%
VERY
VERICITY INC
$11.28-0.09%0.09%-0.35%0.18%2.08%61.14%8.67%N/AN/A$11.99$4.705.92%140.00%0.192,573140.47%

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 37.79% over the past year, overperforming other property & casualty insurance stocks by 11 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 31.14% from Manulife Financial's current stock price of $26.69.

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 44.37% over the past year, overperforming other property & casualty insurance stocks by 17 percentage points.

Lincoln National has an average 1 year price target of $30.38, an upside of 0.38% from Lincoln National's current stock price of $30.26.

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 33.51% over the past year, overperforming other property & casualty insurance stocks by 6 percentage points.

Aflac has an average 1 year price target of $83.89, a downside of -5.07% from Aflac's current stock price of $88.37.

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 5.95%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.38%. 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 4.52%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.38%. 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 4.16%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.38%. 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 0.77% in the last day, and up 1.05% 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 37.79% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 11 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 44.37% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 17 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 33.51% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 6 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 6.44% 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 16.2x.
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.