Sectors & IndustriesFinancial 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.

According to Zen Score, the 3 best property & casualty insurance stocks to buy right now are:

Unum Group (NYSE:UNM) is the top property & casualty insurance stock with a Zen Score of 56, which is 16 points higher than the property & casualty insurance industry average of 40. It passed 20 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 10.12% over the past year, underperforming other property & casualty insurance stocks by -12 percentage points.

Unum Group has an average 1 year price target of $64.11, an upside of 18.4% from Unum Group's current stock price of $54.15.

Unum Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Unum Group, 77.78% have issued a Strong Buy rating, 0% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Prudential Financial (NYSE:PRU) is the second best property & casualty insurance stock with a Zen Score of 55, which is 15 points higher than the property & casualty insurance industry average of 40. It passed 19 out of 38 due diligence checks and has strong fundamentals. Prudential Financial has seen its stock return 20.43% over the past year, underperforming other property & casualty insurance stocks by -1 percentage points.

Prudential Financial has an average 1 year price target of $121.90, an upside of 6.3% from Prudential Financial's current stock price of $114.68.

Prudential Financial stock has a consensus Hold recommendation according to Wall Street analysts. Of the 10 analysts covering Prudential Financial, 10% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 10% have issued a Sell rating, and 0% have issued a Strong Sell.

Primerica (NYSE:PRI) is the third best property & casualty insurance stock with a Zen Score of 54, which is 14 points higher than the property & casualty insurance industry average of 40. It passed 21 out of 38 due diligence checks and has strong fundamentals. Primerica has seen its stock return 23.25% over the past year, overperforming other property & casualty insurance stocks by 2 percentage points.

Primerica has an average 1 year price target of $275.20, an upside of 8.78% from Primerica's current stock price of $252.98.

Primerica stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Primerica, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 11 property & casualty insurance stocks that have issued dividends in the past year, the 3 property & casualty insurance stocks with the highest dividend yields are:

Lincoln National (NYSE:LNC) has an annual dividend yield of 6.23%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.85%. 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 18.7% indicates that its high dividend yield is sustainable for the long-term.

Manulife Financial (NYSE:MFC) has an annual dividend yield of 5.34%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.85%. 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 78.4% indicates that its high dividend yield is sustainable for the long-term.

Prudential Financial (NYSE:PRU) has an annual dividend yield of 4.49%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.85%. 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 65.5% indicates that its high dividend yield is sustainable for the long-term.

Property & casualty insurance stocks were down -0.81% in the last day, and down -3.83% over the last week.

We couldn't find a catalyst for why property & casualty insurance stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued property & casualty insurance stocks right now are:

Prudential (NYSE:PUK) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Prudential has a valuation score of 71, which is 29 points higher than the property & casualty insurance industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Prudential's stock has dropped -27.67% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -49 percentage points.

Unum Group (NYSE:UNM) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Unum Group has a valuation score of 71, which is 29 points higher than the property & casualty insurance industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Unum Group's stock has gained 10.12% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -12 percentage points.

Prudential Financial (NYSE:PRU) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Prudential Financial has a valuation score of 57, which is 15 points higher than the property & casualty insurance industry average of 42. It passed 4 out of 7 valuation due diligence checks.

Prudential Financial's stock has gained 20.43% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -1 percentage points.