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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
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
$42.39B5.14%55.30%$0.4000$1.2179%1
PRI
PRIMERICA INC
$7.44B1.26%16.90%$0.7500$2.7024%0
UNM
UNUM GROUP
$9.72B2.88%21.80%$0.3650$1.4653%02024-05-17
AFL
AFLAC INC
$48.24B2.11%22.50%$0.5000$1.7642%0
GL
GLOBE LIFE INC
$7.10B1.21%8.80%$0.2400$0.9223%02024-05-01
PRU
PRUDENTIAL FINANCIAL INC
$39.67B4.57%74.70%$1.3000$5.0575%0
MET
METLIFE INC
$50.92B2.95%114.30%$0.5200$2.0854%02024-05-062024-06-11
JXN
JACKSON FINANCIAL INC
$5.38B0.89%16.90%$0.6200$0.6216%0
CNO
CNO FINANCIAL GROUP INC
$2.88B2.27%24.20%$0.1500$0.6045%0
AEL
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO
$4.47B0.67%0.00%$0.3800$0.3812%0
NWLI
NATIONAL WESTERN LIFE GROUP INC
$1.78B0.07%1.30%$0.3600$0.361%0
PUK
PRUDENTIAL PLC
$25.21B2.24%10.10%$0.2842$0.4144%92024-05-16
CIA
CITIZENS INC
$103.11MN/A0.00%N/AN/AN/AN/A
LNC
LINCOLN NATIONAL CORP
$4.72B6.47%-36.60%$0.4500$1.8086%02024-05-01
BHF
BRIGHTHOUSE FINANCIAL INC
$3.06BN/A0.00%N/AN/AN/AN/A
AAME
ATLANTIC AMERICAN CORP
$39.99M2.04%-66.70%$0.0200$0.0441%0
FG
F&G ANNUITIES & LIFE INC
$4.93BN/A-85.10%N/AN/AN/AN/A
GNW
GENWORTH FINANCIAL INC
$2.65BN/A0.00%N/AN/AN/AN/A
ABL
ABACUS LIFE INC
$759.88MN/A0.00%N/AN/AN/AN/A
VERY
VERICITY INC
$168.83MN/A0.00%N/AN/AN/AN/A
1

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 23.72% over the past year, underperforming other property & casualty insurance stocks by -16 percentage points.

Manulife Financial has an average 1 year price target of $35.00, an upside of 49.13% from Manulife Financial's current stock price of $23.47.

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 21.18% over the past year, underperforming other property & casualty insurance stocks by -19 percentage points.

Primerica has an average 1 year price target of $261.67, an upside of 22.58% from Primerica's current stock price of $213.46.

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 25.96% over the past year, underperforming other property & casualty insurance stocks by -14 percentage points.

Unum Group has an average 1 year price target of $56.40, an upside of 11.13% from Unum Group's current stock price of $50.75.

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 6.47%, 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 -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 2.48%. 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 4.57%, 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 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 -0.51% in the last day, and up 1.12% 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. 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 23.72% in the past year. It has underperformed other stocks in the property & casualty insurance industry by -16 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 100.63% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 61 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 95.27% in the past year. It has overperformed other stocks in the property & casualty insurance industry by 55 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 14.34% 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 15.93x.
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