WallStreetZenWallStreetZen

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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
MFC
MANULIFE FINANCIAL CORP
$42.60B10.20%0.60%N/A0.90%17.58N/A40.60%14.30%22.28%
PRI
PRIMERICA INC
$7.61B27.70%3.90%N/A5.30%6.27N/A77.20%20.50%27.64%
UNM
UNUM GROUP
$9.92B13.60%2.10%N/A2.80%5.55N/A41.40%10.40%14.81%
GL
GLOBE LIFE INC
$7.10B22.90%3.60%N/A4.60%5.25N/A47.40%17.80%23.80%
AFL
AFLAC INC
$48.32B22.00%3.60%N/A4.10%4.76N/A56.10%24.90%29.18%
PRU
PRUDENTIAL FINANCIAL INC
$40.23B8.80%0.40%N/A0.40%24.85N/A32.70%4.60%5.74%
MET
METLIFE INC
$52.22B4.70%0.20%N/A0.30%21.90N/A22.20%2.10%3.20%
JXN
JACKSON FINANCIAL INC
$5.38B9.70%0.30%N/A0.30%31.46N/A153.30%28.50%35.55%
CNO
CNO FINANCIAL GROUP INC
$2.90B13.60%0.80%N/A1.60%14.84N/A45.10%6.70%14.36%
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$4.47B6.50%0.20%N/A0.50%25.43N/A79.90%5.90%12.23%
NWLI
NATIONAL WESTERN LIFE GROUP INC
$1.77B4.10%0.80%N/A1.10%4.02N/A57.50%13.40%18.44%
PUK
PRUDENTIAL PLC
$25.75B9.80%1.00%N/A1.40%8.76N/A59.70%15.70%20.85%
CIA
CITIZENS INC
$102.61M15.60%1.50%N/A1.60%8.70N/A41.70%10.20%10.88%
LNC
LINCOLN NATIONAL CORP
$4.87B-13.30%-0.20%N/A-0.20%53.03N/A-5.70%-6.50%-7.02%
BHF
BRIGHTHOUSE FINANCIAL INC
$3.14B-24.70%-0.50%N/A-0.60%46.80N/A27.30%-29.50%-35.92%
AAME
ATLANTIC AMERICAN CORP
$39.17M-0.60%-0.20%N/A0.70%2.55N/A34.40%-0.30%1.45%
GNW
GENWORTH FINANCIAL INC
$2.70B1.00%0.10%N/A0.30%11.03N/A21.70%1.00%3.98%
FG
F&G ANNUITIES & LIFE INC
$4.82B-2.20%-0.10%N/A0.10%21.62N/A18.90%-1.30%1.38%
ABL
ABACUS LIFE INC
$768.80M7.20%3.80%6.76%11.60%1.021.3690.20%14.30%31.40%
VERY
VERICITY INC
$168.24M-9.00%-1.20%N/A-1.30%6.47N/A60.40%-5.60%-6.11%

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 21.72% 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 48.37% from Manulife Financial's current stock price of $23.59.

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 21.52% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 19.82% from Primerica's current stock price of $218.39.

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 27.03% over the past year, underperforming other property & casualty insurance stocks by -11 percentage points.

Unum Group has an average 1 year price target of $56.40, an upside of 8.9% from Unum Group's current stock price of $51.79.

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 6.27%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.45%. 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 5.11%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.45%. 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 4.51%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.45%. 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 1.22% in the last day, and up 3.47% over the last week. Globe Life was the among the top gainers in the insurance - life industry, gaining 14.11% yesterday.

Globe Life shares are trading higher following Tuesday's Q1 earnings. Keefe, Bruyette & Woods upgraded the stock to Outperform.

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 21.72% 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 91.75% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 54 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 91.64% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 54 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 14.44% 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 16.39x.
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.