11 Best Insurance Brokerage Stocks To Buy Now

Published on May 8, 2023 at 3:27 pm by Hamna Asim in Hedge Funds, News

In this article, we discuss 11 best insurance brokerage stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Insurance Brokerage Stocks To Buy Now.

Insurance brokers are professionals who act as intermediaries between insurance companies and individuals or organizations seeking insurance coverage. They provide advice, assistance, and access to a wide range of insurance products and services from different insurance providers, helping their clients find the coverage that best meets their needs and budget. Research and Markets anticipated that the worldwide insurance industry would expand at a compounded annual growth rate (CAGR) of 10.4% from $5,376.92 billion in 2021 to $5,938.41 billion in 2022. Moreover, the market is projected to reach $8,398.11 billion in 2026 with a compounded annual growth rate of 9.1%.

In recent years, insurance companies have shown great adaptability and strength in overcoming various challenges, including the effects of the pandemic and the economic consequences of the Russia-Ukraine conflict. Deloitte reported that although property and casualty insurance price increases were a contributing factor in the rise of premium revenue and the achievement of a consolidated surplus in the United States exceeding $1 trillion, inflation is also pushing up loss costs at a higher and faster rate in most markets, which is negatively impacting the profitability of underwriting. Meanwhile, the small business insurance market is experiencing significant changes, and the increasing shift to green energy and associated insurance offerings, as well as coverage for emerging intangible assets like cryptocurrency, non-fungible tokens (NFTs), and virtual activities in the metaverse, indicate that there are ample opportunities for expansion in the insurance space.

EY has stated that the effects of inflation will differ across the insurance industry. P&C insurers in the US will be especially impacted by inflation-related rises in claims costs, such as for repairs, replacement parts, and labor. This is due to regulators in the US being resistant to approving rate increases. In the Asia-Pacific region, many insurance products have a short-tail nature, which enables insurers to adjust policy pricing quickly in response to inflation and partially make up for depleted reserves. Life insurance firms are tentatively hopeful since higher interest rates currently contribute to future profitability and appear to outweigh the effects of inflation.

There are multiple growth and expansion opportunities in the insurance market. To benefit from the boom in this industry, some of the best insurance brokerage stocks to invest in include Aon plc (NYSE:AON), Arthur J. Gallagher & Co. (NYSE:AJG), and Marsh & McLennan Companies, Inc. (NYSE:MMC).

Photo by Chris Liverani on Unsplash

Our Methodology

We scanned Insider Monkey’s database of 943 hedge funds and picked the top 11 companies that operate in the insurance brokerage sector with the highest number of hedge fund investors. These are the best insurance brokerage stocks to buy according to hedge funds.

Best Insurance Brokerage Stocks To Buy Now

11. Crawford & Company (NYSE:CRD-A)

Number of Hedge Fund Holders: 5

Crawford & Company (NYSE:CRD-A) offers services for managing claims and outsourcing to carriers, brokers, and corporations across several regions including the United States, the United Kingdom, Europe, Canada, Australia, Asia, and Latin America. The company has four divisions – North America Loss Adjusting, International Operations, Broadspire, and Platform Solutions. On May 4, Crawford & Company (NYSE:CRD-A) reported a Q1 GAAP EPS of $0.22 and a revenue of $313 million, up 12.2% year-over-year.

On March 10, Barrington analyst Kevin Steinke raised the firm’s price target on Crawford & Company (NYSE:CRD-A) to $12 from $10 and maintained an Outperform rating on the shares, noting that Q4 revenue and profitability exceeded expectations. The analyst believes that Crawford & Company (NYSE:CRD-A) has an advantage over its competitors due to its investments in technology, service quality, scale, and expertise in various insurance coverages.

According to Insider Monkey’s fourth quarter database, 5 hedge funds were bullish on Crawford & Company (NYSE:CRD-A), compared to 7 funds in the prior quarter. Scott Wallace’s Wallace Capital Management is the largest stakeholder of the company.

Like Aon plc (NYSE:AON), Arthur J. Gallagher & Co. (NYSE:AJG), and Marsh & McLennan Companies, Inc. (NYSE:MMC), Crawford & Company (NYSE:CRD-A) is one of the best insurance brokerage stocks to invest in.

10. SelectQuote, Inc. (NYSE:SLQT)

Number of Hedge Fund Holders: 8

SelectQuote, Inc. (NYSE:SLQT) sells insurance products and healthcare services in the United States through a technology-enabled, direct-to-consumer distribution platform. The company offers a variety of policies, including senior health policies like Medicare supplement and Medicare Part D, as well as term life, non-commercial auto, and home property and casualty policies. It is one of the best insurance brokerage stocks to invest in.

On February 8, Citi analyst Daniel Grosslight increased the price target of SelectQuote, Inc. (NYSE:SLQT) from 80c to $1.50 and maintained a Neutral rating on the shares following the fiscal Q2 results. The analyst sees some positive signs, noting that the company saw a significant improvement in Senior unit economics during the crucial AEP season.

According to Insider Monkey’s fourth quarter database, 8 hedge funds were long SelectQuote, Inc. (NYSE:SLQT), compared to 11 funds in the prior quarter. Donald L. Hawks’ Brookside Equity Partners is the biggest stakeholder of the company, with 17.6 million shares worth $11.8 million.

Here is what Carillon Tower Advisers has to say about SelectQuote, Inc. (NYSE:SLQT) in its Q2 2021 investor letter:

“SelectQuote is a technology-enabled, direct-to-consumer distributor of complex senior health, life, auto, and home insurance policies. The stock underperformed during the quarter after the company reported results that were in line with expectations, but lowered the next quarter earnings outlook slightly due to investments in an adjacent business.”

9. BRP Group, Inc. (NASDAQ:BRP)

Number of Hedge Fund Holders: 12

BRP Group, Inc. (NASDAQ:BRP) sells and promotes insurance products and services in the United States. The company operates through four segments – Middle Market, Specialty, MainStreet, and Medicare. It is one of the best insurance brokerage stocks to watch. On February 28, BRP Group, Inc. (NASDAQ:BRP) reported a Q4 non-GAAP EPS of $0.12 and a revenue of $246.04 million, outperforming Wall Street estimates by $0.02 and $13.16 million, respectively. Revenue for the period climbed 54.5% on a year-over-year basis.

On April 10, Jefferies analyst Yaron Kinar maintained a Hold rating on BRP Group, Inc. (NASDAQ:BRP) and reduced the price target on the shares from $29 to $28. This comes as part of the firm’s Q1 preview for the P&C Insurance and Insurtech space. Jefferies predicts that Q1 industry catastrophe losses will be around $10 billion, which is in line with or slightly above the seasonal average for Q1.

According to Insider Monkey’s fourth quarter database, 12 hedge funds were long BRP Group, Inc. (NASDAQ:BRP), compared to 14 funds in the prior quarter. Tim David’s Guardian Point Capital is the largest stakeholder of the company, with 575,000 shares worth $14.45 million.

Here is what Madison Small Cap Fund has to say about BRP Group, Inc. (NASDAQ:BRP) in its Q3 2022 investor letter:

“BRP Group (NASDAQ:BRP) operates as one of largest middle market insurance brokers in a highly fragmented domestic market. Historically, insurance brokerage has been very resilient in economic downturns. Their unique acquisition strategy in a highly fragmented industry should lead to above-average growth for many years. We also like BRP’s organic growth characteristics due to their exposure in middle market brokerage. BRP has attractive margins with room for meaningful expansion. The market selloff gave us an opportunity to initiate this new investment at very attractive prices. We estimate BRP’s private market value to be $35.”

8. eHealth, Inc. (NASDAQ:EHTH)

Number of Hedge Fund Holders: 13

eHealth, Inc. (NASDAQ:EHTH) runs a marketplace for health insurance that offers solutions for consumer engagement, education, and health insurance enrollment in the United States. On May 1, eHealth, Inc. (NASDAQ:EHTH) shares rose by 11.7% following the company’s confirmation of its previously announced outlook for 2023. The company anticipates achieving total revenues between $420 million to $440 million for the full year ending December 31, 2023, which is in line with consensus estimate of $424.48 million. It is one of the best insurance brokerage stocks to invest in.

On March 1, Craig-Hallum analyst George Sutton increased the price target on eHealth, Inc. (NASDAQ:EHTH) from $6 to $11 and maintained a Buy rating on the shares after analyzing the company’s Q4 results. The analyst thinks that eHealth, Inc. (NASDAQ:EHTH) will continue to differentiate itself from its competitors, thanks to its leading online and omni-channel platforms, unless there is an aggressive flow of capital back into this sector.

According to Insider Monkey’s fourth quarter database, 13 hedge funds were bullish on eHealth, Inc. (NASDAQ:EHTH), compared to 20 funds in the last quarter. William Leland Edwards’ Palo Alto Investors is the biggest stakeholder of the company, with 2.48 million shares worth $12 million.

Alger Small Cap Focus Fund released its Q3 2020 Investor letter and mentioned eHealth, Inc. (NASDAQ:EHTH). Here is what the fund said:

“eHealth is a leading health insurance marketplace primarily focused on Medicare plans. Its technology and service platform provide consumer engagement, education and enrollment services. The marketplace offers consumers a broad choice of insurance products, including thousands of options for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans eHealth also offers non-Medicare options from a diverse mix of health insurance carriers in the U.S. In July eHealth reported better-than-expected financial results for the second quarter, but its stock still underperformed. eHealth has faced increased investor scrutiny of customer churn and its estimates of the lifetime value of an approved member. During its July report of its second quarter results, the company said it experienced higher-than-expected churn among customers who selected programs during open enrollment periods occurring in the fourth quarter of 2019 and the first quarter of 2020.”

7. CorVel Corporation (NASDAQ:CRVL)

Number of Hedge Fund Holders: 17

CorVel Corporation (NASDAQ:CRVL) offers workers’ compensation, auto, liability, and health solutions to help employers, insurance companies, third party administrators, and government agencies manage medical costs and improve the quality of care associated with healthcare claims. CorVel Corporation (NASDAQ:CRVL) is one of the premier insurance brokerage stocks to invest in. On January 31, the company reported a Q4 GAAP EPS of $0.96 and a revenue of $179 million, up 8.6% year-over-year.

According to Insider Monkey’s fourth quarter database, 17 hedge funds were bullish on CorVel Corporation (NASDAQ:CRVL), with collective stakes worth $127.30 million, compared to 15 funds in the prior quarter worth $126.80 million. Ray Dalio’s Bridgewater Associates is the biggest stakeholder of the company, with 10,771 shares worth $1.56 million.

6. Erie Indemnity Company (NASDAQ:ERIE)

Number of Hedge Fund Holders: 17

Erie Indemnity Company (NASDAQ:ERIE) acts as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States, offering various services including sales, underwriting, policy issuance, and renewal services. The company also provides sales-related services such as agent compensation and sales and advertising support, as well as underwriting services including underwriting and policy processing.

On April 27, Erie Indemnity Company (NASDAQ:ERIE) reported a Q1 GAAP EPS of $1.65 and a revenue of $752.46 million, outperforming Wall Street estimates by $0.09 and $47.46 million, respectively.

According to Insider Monkey’s fourth quarter database, 17 hedge funds were bullish on Erie Indemnity Company (NASDAQ:ERIE), with collective stakes worth $67.3 million. Cliff Asness’ AQR Capital Management is the biggest stakeholder of the company, with 77,350 shares worth $19 million.

In addition to Aon plc (NYSE:AON), Arthur J. Gallagher & Co. (NYSE:AJG), and Marsh & McLennan Companies, Inc. (NYSE:MMC), Erie Indemnity Company (NASDAQ:ERIE) is one of the top insurance brokerage stocks to watch.

Click to continue reading and see 5 Best Insurance Brokerage Stocks To Buy Now.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months

• BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.

• One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Content: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on January 7, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up

11 Best Insurance Brokerage Stocks To Buy Now

Published on May 8, 2023 at 3:27 pm by Hamna Asim in Hedge Funds, News

Best Insurance Brokerage Stocks To Buy Now

11. Crawford & Company (NYSE:CRD-A)

10. SelectQuote, Inc. (NYSE:SLQT)

9. BRP Group, Inc. (NASDAQ:BRP)

8. eHealth, Inc. (NASDAQ:EHTH)

7. CorVel Corporation (NASDAQ:CRVL)

6. Erie Indemnity Company (NASDAQ:ERIE)

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

A New Dawn is Coming to U.S. Stocks

Published on January 7, 2025 at by Insider Monkey Staff

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Premium

Log In

Sign Up

11 Best Insurance Brokerage Stocks To Buy Now

Published on May 8, 2023 at 3:27 pm by Hamna Asim in Hedge Funds, News

Share

Best Insurance Brokerage Stocks To Buy Now

11. Crawford & Company (NYSE:CRD-A)

10. SelectQuote, Inc. (NYSE:SLQT)

9. BRP Group, Inc. (NASDAQ:BRP)

8. eHealth, Inc. (NASDAQ:EHTH)

7. CorVel Corporation (NASDAQ:CRVL)

6. Erie Indemnity Company (NASDAQ:ERIE)

Share

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on May 7, 2025 at by Inan Dogan, PhD

A New Dawn is Coming to U.S. Stocks

Published on January 7, 2025 at by Insider Monkey Staff