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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
$47.66B$24.75B$5.53B$3.11B$1.7129.44%-13.86%850.83%1.38%
LNC
LINCOLN NATIONAL CORP
$5.11B$11.95B$2.34B$1.35B$7.40-33.27%-6.57%N/A0.69%2024-05-23
AFL
AFLAC INC
$49.51B$19.34B$6.28B$5.35B$9.143.03%-2.50%25.03%17.39%
PRI
PRIMERICA INC
$7.72B$2.87B$821.23M$586.41M$16.445.50%8.19%28.14%16.26%
PRU
PRUDENTIAL FINANCIAL INC
$43.05B$60.44B$2.97B$2.16B$5.87-2.62%-1.24%633.75%-7.57%
UNM
UNUM GROUP
$9.99B$12.55B$1.99B$1.32B$6.774.24%1.44%-11.50%22.64%2024-05-23
GL
GLOBE LIFE INC
$7.75B$5.54B$1.34B$1.00B$10.615.66%4.95%17.24%11.20%
MET
METLIFE INC
$52.25B$67.57B$3.64B$2.17B$2.92-1.71%-0.54%-34.53%-10.73%2024-06-18
CNO
CNO FINANCIAL GROUP INC
$3.12B$4.30B$748.10M$389.60M$3.4814.90%-0.15%-10.77%N/A
NWLI
NATIONAL WESTERN LIFE GROUP INC
$1.79B$748.30M$207.67M$155.73M$44.0530.28%2.53%-3.40%3.67%2024-06-21
JXN
JACKSON FINANCIAL INC
$5.77B$3.59B$4.06B$3.18B$39.32-47.86%N/A35.17%N/A
CIA
CITIZENS INC
$128.05M$242.48M$24.92M$24.11M$0.484.03%-0.53%-2.04%N/A2024-05-22
PUK
PRUDENTIAL PLC
$28.88B$10.83B$2.26B$1.70B$1.2452.51%-21.29%N/A-16.82%
FG
F&G ANNUITIES & LIFE INC
$5.14B$5.20B$859.00M$248.00M$2.00110.70%N/A9.89%N/A
AAME
ATLANTIC AMERICAN CORP
$34.88M$187.52M$2.70M-$1.12M-$0.062.74%-1.28%N/AN/A
BHF
BRIGHTHOUSE FINANCIAL INC
$2.87B$2.91B-$1.44B-$1.21B-$18.62-43.55%-18.00%N/AN/A
ABL
ABACUS LIFE INC
$744.09M$77.68M$21.73M$82.38k$0.0072.21%N/A-100.00%N/A2024-06-13
GNW
GENWORTH FINANCIAL INC
$2.88B$7.50B$327.00M$93.00M$0.210.56%-1.63%-86.88%-10.71%2024-05-23
VERY
VERICITY INC
$167.94M$178.44M-$9.36M-$13.54M-$0.925.57%6.98%N/AN/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.
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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.