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

Overview Zen Score Price Valuation Financials

Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
MFC	MANULIFE FINANCIAL CORP	$48.20B	9.00%	0.50%	N/A	0.80%	17.77	N/A	39.20%	12.60%	20.62%
LNC	LINCOLN NATIONAL CORP	$5.15B	23.00%	0.40%	N/A	0.60%	49.81	N/A	16.80%	11.30%	19.62%
AFL	AFLAC INC	$50.21B	24.10%	4.20%	N/A	4.90%	4.30	N/A	58.30%	27.70%	32.50%
PRI	PRIMERICA INC	$7.85B	27.30%	4.00%	N/A	5.40%	5.82	N/A	77.50%	20.40%	27.56%
PRU	PRUDENTIAL FINANCIAL INC	$43.55B	7.90%	0.30%	N/A	0.40%	25.60	N/A	29.10%	3.60%	4.44%
UNM	UNUM GROUP	$10.05B	13.60%	2.10%	N/A	2.90%	5.12	N/A	41.80%	10.50%	14.99%
GL	GLOBE LIFE INC	$7.94B	22.10%	3.70%	N/A	4.60%	4.67	N/A	47.90%	18.10%	24.20%
MET	METLIFE INC	$52.78B	7.60%	0.30%	N/A	0.40%	22.74	N/A	23.40%	3.20%	4.33%
CNO	CNO FINANCIAL GROUP INC	$3.13B	18.40%	1.10%	N/A	2.00%	13.76	N/A	47.40%	9.10%	17.41%
NWLI	NATIONAL WESTERN LIFE GROUP INC	$1.77B	6.60%	1.30%	N/A	1.80%	3.85	N/A	65.50%	20.80%	27.75%
JXN	JACKSON FINANCIAL INC	$5.95B	33.10%	1.00%	N/A	1.20%	32.44	N/A	218.50%	88.70%	113.11%
CIA	CITIZENS INC	$138.97M	14.50%	1.50%	N/A	1.50%	7.53	N/A	40.50%	9.90%	10.06%
PUK	PRUDENTIAL PLC	$28.88B	9.80%	1.00%	N/A	1.40%	8.76	N/A	59.70%	15.70%	20.85%
AAME	ATLANTIC AMERICAN CORP	$34.88M	-1.10%	-0.30%	N/A	0.60%	2.56	N/A	33.90%	-0.60%	1.13%
FG	F&G ANNUITIES & LIFE INC	$5.39B	8.60%	0.40%	N/A	0.70%	19.95	N/A	24.50%	4.80%	7.96%
BHF	BRIGHTHOUSE FINANCIAL INC	$2.85B	-26.70%	-0.50%	N/A	-0.60%	56.12	N/A	40.80%	-41.60%	-49.54%
ABL	ABACUS LIFE INC	$735.14M	0.10%	0.00%	4.69%	7.10%	1.28	3.12	88.80%	0.10%	21.32%
GNW	GENWORTH FINANCIAL INC	$2.92B	1.20%	0.10%	N/A	0.40%	10.03	N/A	21.90%	1.20%	4.36%
VERY	VERICITY INC	$167.79M	-12.60%	-1.70%	N/A	-1.80%	7.02	N/A	59.80%	-7.60%	-8.52%

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.

Property & Casualty Insurance Stocks FAQ

1. Manulife Financial (NYSE:MFC)

2. Lincoln National (NYSE:LNC)

3. Aflac (NYSE:AFL)

1. Lincoln National (NYSE:LNC)

2. Manulife Financial (NYSE:MFC)

3. Prudential Financial (NYSE:PRU)

1. Manulife Financial (NYSE:MFC)

2. Lincoln National (NYSE:LNC)

3. Aflac (NYSE:AFL)

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