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

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
MFC	MANULIFE FINANCIAL CORP	$23.32	$39.66	-41.19%	12.01x	7.57x	1.69x	1.21x	0.28x	$15.13B	35.92%	$34.84B	19.29	$36.49B	6.09
PRI	PRIMERICA INC	$211.86	$123.05	72.17%	13.27x	13.85x	2.71x	3.57x	2.09x	$658.62M	8.65%	$2.07B	57.46	$7.42B	9.16
UNM	UNUM GROUP	$50.70	$47.38	7.00%	7.76x	7.65x	0.78x	1.01x	1.54x	$1.07B	11.00%	$9.65B	50.39	$12.99B	6.69
GL	GLOBE LIFE INC	$76.17	$73.28	3.95%	7.46x	7.66x	1.31x	1.59x	1.55x	$1.43B	20.07%	$4.49B	47.88	$9.15B	7.06
AFL	AFLAC INC	$83.65	N/A	N/A	10.71x	14.75x	2.67x	2.20x	N/A	$3.19B	6.40%	$21.99B	36.88	$51.32B	9.41
PRU	PRUDENTIAL FINANCIAL INC	$110.48	$93.22	18.52%	16.34x	8.37x	0.73x	1.43x	0.69x	$6.51B	16.41%	$27.82B	77.49	$47.17B	15.56
MET	METLIFE INC	$71.08	$60.79	16.92%	39.05x	7.96x	0.77x	1.71x	0.49x	$13.72B	26.70%	$30.02B	41.51	$50.22B	17.58
JXN	JACKSON FINANCIAL INC	$68.32	$169.82	-59.77%	6.22x	3.54x	1.67x	0.52x	0.22x	$5.31B	100.40%	$10.17B	131.38	$6.64B	5.92
CNO	CNO FINANCIAL GROUP INC	$26.33	$18.66	41.10%	10.79x	10.21x	0.72x	1.30x	1.75x	$582.90M	19.54%	$2.22B	19.56	$6.13B	10.30
PUK	PRUDENTIAL PLC	$17.56	N/A	N/A	14.14x	6.41x	2.23x	1.36x	N/A	$790.00M	3.27%	$17.82B	12.95	$24.30B	10.76
AEL	AMERICAN EQUITY INVESTMENT LIFE HOLDING CO	$56.11	$48.03	16.82%	26.72x	9.58x	1.57x	1.47x	0.54x	$3.57B	80.18%	$3.02B	38.08	-$4.45B	-12.52
NWLI	NATIONAL WESTERN LIFE GROUP INC	$488.82	N/A	N/A	18.30x	N/A	2.53x	0.73x	N/A	$250.14M	14.07%	$2.44B	670.99	$1.29B	9.96
CIA	CITIZENS INC	$2.23	N/A	N/A	4.55x	N/A	0.46x	0.64x	N/A	$21.61M	19.55%	$172.13M	3.47	$82.00M	3.07
LNC	LINCOLN NATIONAL CORP	$27.27	N/A	N/A	-5.54x	2.09x	0.40x	0.67x	N/A	-$2.07B	-44.83%	$6.89B	40.63	$7.21B	-8.83
BHF	BRIGHTHOUSE FINANCIAL INC	$48.25	N/A	N/A	-2.62x	3.21x	0.74x	0.61x	N/A	-$137.00M	-4.52%	$4.94B	78.61	$2.34B	-1.58
AAME	ATLANTIC AMERICAN CORP	$1.88	N/A	N/A	-62.70x	N/A	0.21x	0.36x	N/A	$2.54M	6.65%	$107.28M	5.26	$46.83M	13.95
GNW	GENWORTH FINANCIAL INC	$5.93	N/A	N/A	37.06x	N/A	0.37x	0.35x	N/A	$597.00M	21.47%	$7.48B	15.96	$1.99B	6.69
FG	F&G ANNUITIES & LIFE INC	$37.82	N/A	N/A	-80.47x	N/A	1.04x	1.54x	N/A	$5.81B	123.83%	$3.10B	25.02	$4.97B	10.48
ABL	ABACUS LIFE INC	$11.96	N/A	N/A	70.35x	N/A	10.26x	4.65x	N/A	-$64.71M	-9.50%	$163.93M	2.88	$877.94M	36.16
VERY	VERICITY INC	$11.38	N/A	N/A	-16.99x	N/A	0.95x	1.54x	N/A	$4.83M	2.86%	$110.21M	7.41	$210.24M	-38.65

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 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 17.66% 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 50.09% from Manulife Financial's current stock price of $23.32.

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 15.06% 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 23.51% from Primerica's current stock price of $211.86.

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 21.2% over the past year, underperforming other property & casualty insurance stocks by -13 percentage points.

Unum Group has an average 1 year price target of $56.40, an upside of 11.24% from Unum Group's current stock price of $50.70.

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 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 6.6%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.51%. 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 5.17%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.51%. 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 2.51%. 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 -0.98% in the last day, and down -1.06% over the last week. Prudential was the among the top losers in the insurance - life industry, dropping -6.6% yesterday.

Shares of stocks within the broader financial sector are trading lower following earlier economic data. Also, the sector may be moving ahead of the upcoming Fed decision.

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 17.66% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -17 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 92.56% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 58 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 92.45% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 58 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 14.5% 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 16.09x.

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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