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	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
LNC	LINCOLN NATIONAL CORP	$4.58B	$26.93	$30.75	14.18%	Hold	8	20.13%	31.59%	N/A	N/A
MFC	MANULIFE FINANCIAL CORP	$42.80B	$23.70	$35.00	47.68%	Buy	1	9.11%	47.43%	N/A	N/A
AFL	AFLAC INC	$47.75B	$84.04	$84.00	-0.05%	Hold	8	-2.69%	N/A	N/A	N/A
UNM	UNUM GROUP	$9.79B	$51.69	$58.00	12.21%	Buy	5	3.37%	3.79%	N/A	N/A
MET	METLIFE INC	$49.95B	$70.24	$81.86	16.54%	Strong Buy	7	6.33%	53.54%	N/A	N/A
PRU	PRUDENTIAL FINANCIAL INC	$39.95B	$111.29	$118.00	6.03%	Hold	8	-0.11%	29.68%	N/A	N/A
PRI	PRIMERICA INC	$7.64B	$219.34	$261.67	19.30%	Buy	3	5.11%	6.33%	N/A	N/A
GL	GLOBE LIFE INC	$7.43B	$79.28	$107.29	35.33%	Buy	7	5.45%	4.82%	N/A	N/A
JXN	JACKSON FINANCIAL INC	$5.37B	$69.42	$61.80	-10.98%	Hold	5	30.55%	28.47%	N/A	N/A
NWLI	NATIONAL WESTERN LIFE GROUP INC	$1.78B	$488.90	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AEL	AMERICAN EQUITY INVESTMENT LIFE HOLDING CO	$4.48B	$56.47	$56.00	-0.83%	Hold	1	-5.39%	49.66%	N/A	N/A
CNO	CNO FINANCIAL GROUP INC	$2.96B	$27.17	$28.67	5.51%	Buy	3	-1.40%	6.17%	N/A	N/A
CIA	CITIZENS INC	$106.08M	$2.14	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PUK	PRUDENTIAL PLC	$25.58B	$18.58	N/A	N/A	N/A	N/A	N/A	N/A	42.33%	4.33%
BHF	BRIGHTHOUSE FINANCIAL INC	$3.05B	$48.50	$52.00	7.22%	Hold	4	28.88%	N/A	N/A	N/A
AAME	ATLANTIC AMERICAN CORP	$38.36M	$1.88	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ABL	ABACUS LIFE INC	$756.69M	$11.88	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FG	F&G ANNUITIES & LIFE INC	$5.08B	$40.20	$47.50	18.16%	Hold	2	12.98%	N/A	N/A	N/A
GNW	GENWORTH FINANCIAL INC	$2.86B	$6.46	$7.00	8.36%	Hold	1	N/A	N/A	N/A	N/A
VERY	VERICITY INC	$168.39M	$11.32	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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. Lincoln National (NYSE:LNC)

Lincoln National (NYSE:LNC) is the top property & casualty insurance stock with a Zen Score of 57, which is 25 points higher than the property & casualty insurance industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Lincoln National has seen its stock return 31.05% over the past year, underperforming other property & casualty insurance stocks by -8 percentage points.

Lincoln National has an average 1 year price target of $30.75, an upside of 14.18% from Lincoln National's current stock price of $26.93.

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.

2. Manulife Financial (NYSE:MFC)

Manulife Financial (NYSE:MFC) is the second best property & casualty insurance stock with a Zen Score of 53, which is 21 points higher than the property & casualty insurance industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 20.86% over the past year, underperforming other property & casualty insurance stocks by -18 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 47.68% from Manulife Financial's current stock price of $23.70.

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.

3. Aflac (NYSE:AFL)

Aflac (NYSE:AFL) is the third best property & casualty insurance stock with a Zen Score of 51, which is 19 points higher than the property & casualty insurance industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Aflac has seen its stock return 22.44% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Aflac has an average 1 year price target of $84.00, a downside of -0.05% from Aflac's current stock price of $84.04.

Aflac stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Aflac, 12.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 50% have issued a hold, while 12.5% have issued a Sell rating, and 12.5% 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 6.68%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.48%. 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 5.09%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.48%. 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 4.54%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.48%. 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 0.29% in the last day, and up 0.44% over the last week. Genworth Financial was the among the top gainers in the insurance - life industry, gaining 6.43% yesterday.

Genworth Financial shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results and a year-over-year increase in Q1 sales results.

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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 20.86% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -18 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 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 102.33% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 64 percentage points.

3. Lincoln National (NYSE:LNC)

Lincoln National (NYSE:LNC) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Lincoln National has a valuation score of 71, which is 35 points higher than the property & casualty insurance industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Lincoln National's stock has gained 31.05% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -8 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 12.55% 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 13.35x.

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. Lincoln National (NYSE:LNC)

2. Manulife Financial (NYSE:MFC)

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. Jackson Financial (NYSE:JXN)

3. Lincoln National (NYSE:LNC)

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