In this article, we will explore the 11 Best Insurance Stocks to Buy Right Now.
On March 12, Deloitte published its Insurance Industry Outlook for the Wall Street Journal, and the message for investors is clear: the insurance sector is entering a period of real transformation, and the companies that adapt quickly are the ones worth watching. Insurers in 2026 are dealing with a lot at once. Rapid advances in technology, shifting capital requirements, growing climate risks, and tighter consumer protection rules are all converging at the same time. Regulators are moving fast too, finalizing new frameworks to assess risk, setting capital standards, and closing coverage gaps across the industry.
Four areas stand out as the biggest drivers this year, i.e., AI and technology governance, capital and reserve requirements, climate resilience, and consumer protection. On the tech side, regulators will expect insurers to prove that their AI systems are fair and consistently governed. On the climate front, catastrophic disaster preparedness is no longer optional; it’s becoming a compliance requirement. With federal changes opening the door to more state-regulated retirement products, consumer-facing opportunities are quietly expanding as well.
For investors, this is a sector where regulatory pressure and growth opportunities are sitting side by side, and picking the right names matters more than ever. With that background, let’s explore our 11 Best Insurance Stocks to Buy Right Now.
Adam Gregor/Shutterstock.com
Our Methodology
To identify relevant stocks for this article, we screened U.S.-listed insurance companies with market capitalizations above $2 billion. Also, we shortlisted only stocks with at least 20% upside potential according to TipRanks consensus as of the March 17 closing. Finally, we selected 10 stocks with the highest upside and ranked them in ascending order.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
11. Aon plc (NYSE:AON)
Aon plc (NYSE:AON) is one of the 11 best insurance stocks to buy right now.
On March 9, Aon plc (NYSE:AON) announced the completion of what it describes as the first known stablecoin-based insurance premium payment among major global brokers, demonstrated through a successful proof of concept.
The company worked with clients Coinbase (COIN) and Paxos to settle premium payments using U.S. dollar-backed stablecoins. The transactions were executed across multiple blockchain networks, including USDC on Ethereum (ETH-USD) and infrastructure tied to PayPal (PYPL) on Solana, highlighting flexibility across leading digital assets, blockchain systems, and transaction counterparties.
Separately, on February 27, Mizuho analyst Yaron Kinar upgraded Aon plc (NYSE:AON) to an Outperform rating from Neutral. The analyst lowered the price target on the stock from $398 to $397.
Following the recent sell-off, the firm revised its ratings for the insurance property and casualty market. When it comes to artificial intelligence, the analyst argues that there is minimal probability of disruption for insurance broking companies targeting the middle market and above. The firm perceives the disintermediation threat as skewed towards the smaller end of the SME and mass market personal lines.
Aon plc (NYSE:AON) is a professional services firm that is engaged in risk and human capital solutions. Some of its services include insurance brokerage, specialty services, and risk consulting. The company also offers talent advisory, wealth and investment services, reinsurance, capital raising, and strategic advisory.
10. Willis Towers Watson plc (NASDAQ:WTW)
Willis Towers Watson plc (NASDAQ:WTW) is one of the 11 best insurance stocks to buy right now.
On February 26, Morgan Stanley reduced the firm’s price target on Willis Towers Watson plc (NASDAQ:WTW) from $345 to $330. The firm maintained an Equal Weight rating on the shares. The update comes as the firm revised its outlook for the property and casualty insurance group following the fourth-quarter results.
Morgan Stanley noted that insurers with more differentiated underwriting performance are likely to see stronger share price performance relative to peers. While pricing conditions remain under pressure, AI-related headwinds are not easing. The firm believes that companies with disciplined underwriting and durable margins are best positioned to navigate the current environment and stand out within the sector.
On February 23, Paul Newsome from Piper Sandler reduced his price target on Willis Towers Watson plc (NASDAQ:WTW) from $365 to $341. The analyst reiterated an Overweight rating on the stock, which currently offers a revised upside potential of 17% at the prevailing level.
Newsome attributed this adjustment to the recent selloff, which has caused Piper Sandler to adjust its price estimates for several insurance brokers. Based on that, the firm maintains a cautious view of the segment.
Willis Towers Watson plc (NASDAQ:WTW) is a global provider of advisory, broking, and risk solutions. Their service offerings include actuarial support, broking, strategy consulting, plan management support, and more. They also engage in administrative support for life, medical, disability, voluntary, and other benefit programs.
9. Radian Group Inc. (NYSE:RDN)
Radian Group Inc. (NYSE:RDN) is one of the 11 best insurance stocks to buy right now.
On March 12, Radian Group Inc. (NYSE:RDN) was subject to a target price revision by UBS, from $41 to $39. The firm maintained its Neutral rating on the stock, which offers a revised upside potential of more than 19% at the current level.
Back on February 19, Radion Group Inc. (NYSE:RDN) announced plans to distribute at least $600 million in dividends in 2026. The company mentioned that the acquisition of Inigo is not only a strategic transformation for the company but will also allow it to emerge as a multinational, multiline specialty insurer with the potential to triple the revenues while increasing EPS and returns.
In addition to this, the company is progressing with the non-core business divestitures, which will be completed in the third quarter. Along with the consistent mortgage insurance returns, robust liquidity, operating efficiencies, and the return of share repurchases, the company has also reported a net income of $159 million or $1.15 per share during the fourth quarter.
Radian Group Inc. (NYSE:RDN) manages and distributes mortgage credit risk for the benefit of mortgage lending institutions. The company offers private mortgage insurance, specialty insurance, and reinsurance lines. It also serves as a Mortgage originator for different private and commercial banks.
8. Globe Life Inc. (NYSE:GL)
Globe Life Inc. (NYSE:GL) is one of the 11 best insurance stocks to buy right now.
On February 25, Elyse Greenspan from Wells Fargo marginally increased the price target on Globe Life Inc. (NYSE:GL) from $170 to $171. The analyst reaffirmed her Overweight rating on the stock, which yields an adjusted upside potential of more than 22% at the prevailing level.
Greenspan highlighted that since most companies have already announced their fourth quarter guidance, most of which were in line or slightly below estimates, the firm is adjusting its earnings per share projections accordingly. Also, Wells Fargo is currently providing EPS predictions for 2028 and adjusting its valuation models based on EPS projections for 2027.
Earlier on February 18, Evercore ISI also increased its target price for Globe Life Inc. (NYSE:GL) from $155 to $157, which results in a revised upside of more than 12% at the current level. The firm reiterated its In Line rating for the stock.
Globe Life Inc. (NYSE:GL) delivers various life and supplemental health insurance plans to lower-middle- and middle-income consumers. It offers whole term insurance plans and different life insurance products for users. The company sells its products through sole independent agents, general agency independent agents, and brokers.
7. Unum Group (NYSE:UNM)
Unum Group (NYSE:UNM) is one of the 11 best insurance stocks to buy right now.
As of the close of play on March 17, Unum Group (NYSE:UNM) carried a moderately bullish consensus sentiment. 6 of the 10 analysts who provided coverage assigned Buy ratings to the stock, while 4 gave Hold calls. With no Sell rating, it has an estimated 1-year median target price of $94.86, implying upside potential of more than 26%.
On March 3, Bob Huang from Morgan Stanley reduced the price target on Unum Group (NYSE:UNM) from $85 to $80. The analyst reiterated an Equal Weight rating on the stock, which now yields an adjusted upside potential of almost 10%.
Huang claimed that the firm is updating its price estimates for covered Insurance-Life/Annuity North America stocks. Although private credit risk for life insurers is not a concern for Morgan Stanley, the sector is probably going to experience pressure on valuations.
Back on February 25, Elyse Greenspan from Wells Fargo reduced the price target on Unum Group (NYSE:UNM) from $104 to $102, yielding a revised upside potential of 40%. The firm maintained its Overweight rating on the stock.
Unum Group (NYSE:UNM) delivers financial protection benefit solutions with a focus on accident, critical illness, disability, life, and vision insurance. It offers both long-term and short-term plans for individuals and groups, backed by supplemental and voluntary offerings. Other services include reinsurance pools, workplace benefits, management operations, and leave management.
6. Arthur J. Gallagher & Co. (NYSE:AJG)
Arthur J. Gallagher & Co. (NYSE:AJG) is one of the 11 best insurance stocks to buy right now.
On March 17, Rowland Mayor from RBC Capital assigned an Outperform rating to Arthur J. Gallagher & Co. (NYSE:AJG). The analyst resumed coverage on the stock with a target price of $260, which yields an upside potential of almost 23% at the current level.
Mayor noted that the recent selloff triggered by AI-linked threats appeared to have been overdone. However, such investor panic does not change the fact that Arthur J. Gallagher & Co. (NYSE:AJG) possesses a relatively stronger ability to limit the adverse effects of any potential near-term headwinds. This ability is backed by the company’s impressive platform that contains various insulating characteristics.
Back on February 23, Arthur J. Gallagher & Co. (NYSE:AJG) was subject to a downward adjustment in target price by Piper Sandler, from $249 to $226. The firm maintained its Neutral rating on the stock, which now offers a revised upside potential of almost 7% at the current level.
Arthur J. Gallagher & Co. (NYSE:AJG) delivers insurance brokerage, reinsurance, risk management, consulting, and third-party claims settlement services, covering both individuals and corporate clients. Some of its offerings include insurance placement, underwriting management, wholesale insurance, and reinsurance negotiating services. Through its operations, it caters to commercial, industrial, public sector, and non-profit clients.
While we acknowledge the potential of AJG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AJG and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the 5 Best Insurance Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
