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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
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
MFC
MANULIFE FINANCIAL CORP
$42.41B$24.95B$5.99B$3.56B$1.9451.25%-2.59%N/A2.60%2024-05-09
PRI
PRIMERICA INC
$7.73B$2.82B$810.24M$576.60M$15.973.51%8.19%29.10%16.79%2024-05-07
UNM
UNUM GROUP
$9.95B$12.39B$1.94B$1.28B$6.533.35%1.32%-6.85%22.37%2024-05-01
GL
GLOBE LIFE INC
$7.37B$5.45B$1.30B$970.76M$10.214.22%4.83%11.83%10.89%2024-05-01
AFL
AFLAC INC
$48.63B$18.70B$5.46B$4.66B$7.81-2.29%-2.98%12.21%15.56%2024-05-02
PRU
PRUDENTIAL FINANCIAL INC
$40.48B$53.98B$3.03B$2.49B$6.76-5.10%-3.04%N/A-6.85%2024-05-01
MET
METLIFE INC
$52.58B$66.91B$2.86B$1.38B$1.82-2.71%-0.31%-71.34%-18.14%2024-05-02
JXN
JACKSON FINANCIAL INC
$5.47B$3.16B$1.12B$899.00M$10.99-67.97%-25.41%-84.81%-26.87%2024-05-09
CNO
CNO FINANCIAL GROUP INC
$2.93B$4.15B$595.40M$276.50M$2.4415.94%-0.79%-55.23%N/A2024-04-30
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$4.45B$2.84B$355.56M$166.86M$2.10100.59%12.89%-89.86%-16.16%2024-05-06
NWLI
NATIONAL WESTERN LIFE GROUP INC
$1.78B$703.35M$129.69M$94.43M$26.7125.59%4.98%-61.68%-4.15%2024-05-13
PUK
PRUDENTIAL PLC
$25.66B$10.83B$2.26B$1.70B$1.2452.51%-21.29%N/A-16.82%
CIA
CITIZENS INC
$104.10M$240.68M$26.69M$24.44M$0.493.51%-0.27%-5.77%N/A2024-05-06
LNC
LINCOLN NATIONAL CORP
$4.86B$11.65B-$817.00M-$752.00M-$4.92-38.09%-6.65%N/AN/A2024-05-02
BHF
BRIGHTHOUSE FINANCIAL INC
$3.18B$4.12B-$1.48B-$1.21B-$18.39-40.10%-14.41%N/AN/A2024-05-08
AAME
ATLANTIC AMERICAN CORP
$38.97M$186.79M$3.36M-$570.00k-$0.03-0.56%0.13%N/AN/A
GNW
GENWORTH FINANCIAL INC
$2.66B$7.49B$298.00M$76.00M$0.16-0.09%-1.07%-91.21%-7.79%2024-05-02
FG
F&G ANNUITIES & LIFE INC
$4.94B$4.50B$474.00M-$58.00M-$0.4791.57%N/AN/AN/A
ABL
ABACUS LIFE INC
$763.06M$66.40M$24.28M$9.52M$0.1748.50%N/A-73.02%N/A2024-05-13
VERY
VERICITY INC
$168.83M$177.57M-$5.44M-$9.89M-$0.678.33%7.45%N/AN/A2024-05-13

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 21.16% 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 49.06% from Manulife Financial's current stock price of $23.48.

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. Primerica (NYSE:PRI)


Primerica (NYSE:PRI) is the second 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 23.47% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 17.93% from Primerica's current stock price of $221.88.

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.

3. Unum Group (NYSE:UNM)


Unum Group (NYSE:UNM) is the third best property & casualty insurance stock with a Zen Score of 45, which is 14 points higher than the property & casualty insurance industry average of 31. It passed 16 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 27.47% over the past year, underperforming other property & casualty insurance stocks by -12 percentage points.

Unum Group has an average 1 year price target of $56.40, an upside of 8.52% from Unum Group's current stock price of $51.97.

Unum Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Unum Group, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% 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 6.28%, which is 4 percentage points higher than the property & casualty insurance industry average of 2.44%. 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 2.44%. 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 4.48%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.44%. 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 0.9% in the last day, and up 4.64% over the last week. Globe Life was the among the top gainers in the insurance - life industry, gaining 3.75% yesterday.

Globe Life shares are trading higher following Tuesday's Q1 earnings. Keefe, Bruyette & Woods upgraded the stock to Outperform.

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 38 points higher than the property & casualty insurance industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 21.16% 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 38 points higher than the property & casualty insurance industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 94.7% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 56 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 24 points higher than the property & casualty insurance industry average of 33. It passed 4 out of 7 valuation due diligence checks.

National Western Life Group's stock has gained 92.63% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 54 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 11.65% 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 16.39x.
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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.