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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
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
MFC
MANULIFE FINANCIAL CORP
$42.37B$23.46$35.0049.19%Buy19.11%47.43%N/AN/A
GL
GLOBE LIFE INC
$6.22B$66.39$128.5693.64%Buy95.40%4.82%N/AN/A
PRI
PRIMERICA INC
$7.58B$217.51$261.6720.30%Buy35.11%6.33%N/AN/A
UNM
UNUM GROUP
$9.92B$51.80$56.408.88%Buy53.80%5.05%N/AN/A
AFL
AFLAC INC
$48.19B$83.52$83.560.04%Hold9-1.60%-42.89%N/AN/A
PRU
PRUDENTIAL FINANCIAL INC
$40.02B$111.47$117.885.75%Hold83.73%23.71%N/AN/A
MET
METLIFE INC
$52.03B$71.96$81.8613.75%Strong Buy76.68%79.75%N/AN/A
JXN
JACKSON FINANCIAL INC
$5.19B$67.05$61.80-7.83%Hold530.55%28.47%N/AN/A
CNO
CNO FINANCIAL GROUP INC
$2.88B$26.43$28.678.46%Buy3-1.40%6.17%N/AN/A
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$4.43B$55.85$56.000.27%Hold1-5.39%49.66%N/AN/A
NWLI
NATIONAL WESTERN LIFE GROUP INC
$1.77B$487.25N/AN/AN/AN/AN/AN/AN/AN/A
PUK
PRUDENTIAL PLC
$25.40B$18.45N/AN/AN/AN/AN/AN/A42.33%4.33%
CIA
CITIZENS INC
$100.14M$2.02N/AN/AN/AN/AN/AN/AN/AN/A
LNC
LINCOLN NATIONAL CORP
$4.79B$28.26$30.678.52%Hold921.16%N/AN/AN/A
BHF
BRIGHTHOUSE FINANCIAL INC
$3.09B$49.15$52.005.80%Hold428.88%N/AN/AN/A
AAME
ATLANTIC AMERICAN CORP
$39.99M$1.96N/AN/AN/AN/AN/AN/AN/AN/A
GNW
GENWORTH FINANCIAL INC
$2.66B$6.01$7.0016.47%Hold1N/AN/AN/AN/A
FG
F&G ANNUITIES & LIFE INC
$4.70B$37.21$47.5027.65%Hold212.98%N/AN/AN/A
ABL
ABACUS LIFE INC
$756.06M$11.87N/AN/AN/AN/AN/AN/AN/AN/A
VERY
VERICITY INC
$169.13M$11.37N/AN/AN/AN/AN/AN/AN/AN/A
1

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 21.05% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 49.19% from Manulife Financial's current stock price of $23.46.

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. Globe Life (NYSE:GL)


Globe Life (NYSE:GL) is the second best property & casualty insurance stock with a Zen Score of 50, which is 19 points higher than the property & casualty insurance industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Globe Life has seen its stock lose -38.13% over the past year, underperforming other property & casualty insurance stocks by -74 percentage points.

Globe Life has an average 1 year price target of $128.56, an upside of 93.64% from Globe Life's current stock price of $66.39.

Globe Life stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Globe Life, 55.56% have issued a Strong Buy rating, 0% have issued a Buy, 44.44% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Primerica (NYSE:PRI)


Primerica (NYSE:PRI) is the third 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 21.03% over the past year, underperforming other property & casualty insurance stocks by -15 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 20.3% from Primerica's current stock price of $217.51.

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.

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 6.37%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.47%. 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 5.14%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.47%. 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 4.53%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.47%. 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 0.64% in the last day, and up 2.44% 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 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 21.05% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -15 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 84.91% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 49 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 91.53% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 55 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 17.02% 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 16.38x.
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