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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
MFC
MANULIFE FINANCIAL CORP
$45.13B4.83%55.30%$0.4000$1.2178%1
PRI
PRIMERICA INC
$8.82B1.07%16.90%$0.7500$2.7021%0
UNM
UNUM GROUP
$10.28B2.66%21.80%$0.3650$1.4351%0
GL
GLOBE LIFE INC
$10.90B0.77%8.80%$0.2250$0.9014%02024-04-042024-05-01
AFL
AFLAC INC
$49.54B2.05%22.50%$0.5000$1.7641%0
PRU
PRUDENTIAL FINANCIAL INC
$42.15B4.30%74.70%$1.3000$5.0572%0
MET
METLIFE INC
$53.58B2.81%114.30%$0.5200$2.0853%0
JXN
JACKSON FINANCIAL INC
$5.12B0.94%16.90%$0.6200$0.6218%0
CNO
CNO FINANCIAL GROUP INC
$3.00B2.18%24.20%$0.1500$0.6044%0
CIA
CITIZENS INC
$106.08MN/A0.00%N/AN/AN/AN/A
NWLI
NATIONAL WESTERN LIFE GROUP INC
$1.79B0.07%1.30%$0.3600$0.360%0
LNC
LINCOLN NATIONAL CORP
$5.42B5.64%-36.60%$0.4500$1.8083%02024-04-092024-05-01
AAME
ATLANTIC AMERICAN CORP
$57.13M0.71%15.40%$0.0200$0.0213%0
PUK
PRUDENTIAL PLC
$26.53B0.65%10.10%$0.1252$0.1311%102024-04-012024-05-16
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$4.46BN/A0.00%$0.3600N/AN/A0
BHF
BRIGHTHOUSE FINANCIAL INC
$3.24BN/A0.00%N/AN/AN/AN/A
GNW
GENWORTH FINANCIAL INC
$2.85BN/A0.00%N/AN/AN/AN/A
FG
F&G ANNUITIES & LIFE INC
$5.12BN/A-85.10%N/AN/AN/AN/A
ABL
ABACUS LIFE INC
$775.80MN/A0.00%N/AN/AN/AN/A
VERY
VERICITY INC
$168.83MN/A0.00%N/AN/AN/AN/A

Property & Casualty Insurance Stocks FAQ

What are the best property & casualty insurance stocks to buy right now in Mar 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 21 points higher than the property & casualty insurance industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Manulife Financial has seen its stock return 40.24% 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 40.06% from Manulife Financial's current stock price of $24.99.

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 16 points higher than the property & casualty insurance industry average of 30. It passed 17 out of 38 due diligence checks and has strong fundamentals. Primerica has seen its stock return 52.95% over the past year, underperforming other property & casualty insurance stocks by -2 percentage points.

Primerica has an average 1 year price target of $258.33, an upside of 2.12% from Primerica's current stock price of $252.96.

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 15 points higher than the property & casualty insurance industry average of 30. It passed 16 out of 38 due diligence checks and has strong fundamentals. Unum Group has seen its stock return 38.33% over the past year, underperforming other property & casualty insurance stocks by -17 percentage points.

Unum Group has an average 1 year price target of $55.60, an upside of 3.62% from Unum Group's current stock price of $53.66.

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 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 5.64%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 4.83%, which is 3 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 4.3%, which is 2 percentage points higher than the property & casualty insurance industry average of 2.21%. 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 down?

Property & casualty insurance stocks were down -0.04% in the last day, and up 0.88% over the last week.

We couldn't find a catalyst for why property & casualty insurance stocks are down.

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. Jackson Financial (NYSE:JXN)


Jackson Financial (NYSE:JXN) is the most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Jackson Financial has a valuation score of 71, which is 39 points higher than the property & casualty insurance industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Jackson Financial's stock has gained 85.47% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 30 percentage points.

2. Manulife Financial (NYSE:MFC)


Manulife Financial (NYSE:MFC) is the second most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Manulife Financial has a valuation score of 71, which is 39 points higher than the property & casualty insurance industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Manulife Financial's stock has gained 40.24% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -15 percentage points.

3. Atlantic American (NASDAQ:AAME)


Atlantic American (NASDAQ:AAME) is the third most undervalued property & casualty insurance stock based on WallStreetZen's Valuation Score. Atlantic American has a valuation score of 57, which is 25 points higher than the property & casualty insurance industry average of 32. It passed 4 out of 7 valuation due diligence checks.

Atlantic American's stock has gained 12% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -43 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 2.65% 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 16.85x.
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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.