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
MFC	MANULIFE FINANCIAL CORP	$47.66B	$26.39	$35.00	32.63%	Buy	1	9.54%	61.45%	N/A	N/A
LNC	LINCOLN NATIONAL CORP	$5.11B	$30.06	$30.38	1.05%	Hold	8	19.21%	31.59%	N/A	N/A
AFL	AFLAC INC	$49.51B	$87.14	$83.89	-3.73%	Hold	9	-1.91%	N/A	N/A	N/A
PRI	PRIMERICA INC	$7.72B	$224.33	$261.67	16.64%	Buy	3	5.05%	5.31%	N/A	N/A
PRU	PRUDENTIAL FINANCIAL INC	$43.05B	$119.93	$117.50	-2.03%	Hold	8	0.41%	29.68%	N/A	N/A
UNM	UNUM GROUP	$9.99B	$52.77	$58.00	9.91%	Buy	5	3.50%	3.79%	N/A	N/A
GL	GLOBE LIFE INC	$7.75B	$83.94	$103.17	22.91%	Buy	6	4.85%	3.49%	N/A	N/A
MET	METLIFE INC	$52.25B	$73.47	$81.14	10.44%	Strong Buy	7	6.01%	53.54%	N/A	N/A
CNO	CNO FINANCIAL GROUP INC	$3.12B	$28.81	$28.67	-0.50%	Buy	3	-2.83%	-5.68%	N/A	N/A
NWLI	NATIONAL WESTERN LIFE GROUP INC	$1.79B	$491.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
JXN	JACKSON FINANCIAL INC	$5.77B	$75.70	$62.80	-17.04%	Hold	5	24.56%	-16.01%	N/A	N/A
CIA	CITIZENS INC	$128.05M	$2.58	N/A	N/A	N/A	N/A	1.34%	N/A	N/A	N/A
PUK	PRUDENTIAL PLC	$28.88B	$20.98	N/A	N/A	N/A	N/A	N/A	N/A	42.33%	4.33%
FG	F&G ANNUITIES & LIFE INC	$5.14B	$40.74	$47.50	16.59%	Hold	2	10.10%	N/A	N/A	N/A
AAME	ATLANTIC AMERICAN CORP	$34.88M	$1.71	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BHF	BRIGHTHOUSE FINANCIAL INC	$2.87B	$46.22	$50.50	9.26%	Hold	4	45.31%	N/A	N/A	N/A
ABL	ABACUS LIFE INC	$744.09M	$11.64	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GNW	GENWORTH FINANCIAL INC	$2.88B	$6.59	$7.00	6.22%	Hold	1	N/A	N/A	N/A	N/A
VERY	VERICITY INC	$167.94M	$11.29	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. Manulife Financial (NYSE:MFC)

Manulife Financial (NYSE:MFC) is the top property & casualty insurance stock with a Zen Score of 55, which is 21 points higher than the property & casualty insurance industry average of 34. It passed 20 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 38.02% over the past year, underperforming other property & casualty insurance stocks by -7 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 32.63% from Manulife Financial's current stock price of $26.39.

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 20 points higher than the property & casualty insurance industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lincoln National has seen its stock return 55.11% over the past year, overperforming other property & casualty insurance stocks by 11 percentage points.

Lincoln National has an average 1 year price target of $30.38, an upside of 1.05% from Lincoln National's current stock price of $30.06.

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 19 points higher than the property & casualty insurance industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Aflac has seen its stock return 33.73% over the past year, underperforming other property & casualty insurance stocks by -11 percentage points.

Aflac has an average 1 year price target of $83.89, a downside of -3.73% from Aflac's current stock price of $87.14.

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 5.99%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.42%. 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 4.57%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.42%. 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 4.21%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.42%. 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 down?

Property & casualty insurance stocks were down -0.25% in the last day, and up 0.44% over the last week. Globe Life was the among the top losers in the insurance - life industry, dropping -4.37% yesterday.

Globe Life Inc shares are trading lower following an update by short seller Viceroy Research.

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 38.02% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -7 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 55.11% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 11 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 33.73% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -11 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 7.94% 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 16.02x.

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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