In this article, we will list the 5 Best Property & Casualty Insurance Stocks to Buy Right Now. Please visit 7 Best Property & Casualty Insurance Stocks to Buy Right Now if you’d like to see an extended list and how we came up with the list.
5. The Progressive Corp. (NYSE:PGR)
The Progressive Corp. (NYSE:PGR) is one of the 7 best property & casualty insurance stocks to buy right now.
On March 31, Morgan Stanley reduced its price target on The Progressive Corp. (NYSE:PGR) from $205 to $190 while reiterating its Underweight rating. The downward revision comes on the back of rising inflation and higher competition in the sector.
Adam Gregor/Shutterstock.com
According to the firm, consensus estimates for auto premiums across the calendar years 2026 and 2027 seem too aggressive, especially considering the possible disruptions caused by the latest advancements in the world of AI and autonomous technologies.
Back on March 19, Hippo Holdings Inc. (NYSE:HIPO) announced a strategic distribution engagement with The Progressive Corp. (NYSE:PGR). Regarding the deal made with Progressive Advantage Agency, the insurance programs from Hippo for homeowners would be included in the HomeQuote Explorer program offered by Progressive.
The insurance programs can be accessed either online or internally via the agents located in Colorado, Georgia, Illinois, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas. Through the largest personal insurer in the United States, this collaboration would help Hippo increase its distribution channels.
The Progressive Corp. (NYSE:PGR) provides insurance services to the real estate and automotive industries in the United States. It offers commercial auto and workers’ compensation solutions for fleet and transportation businesses. Its portfolio also includes P&C solutions and reinsurance products, and it engages in investment activities in the real estate sector.
4. AXIS Capital Holdings Ltd. (NYSE:AXS)
AXIS Capital Holdings Ltd. (NYSE:AXS) is one of the 7 best property & casualty insurance stocks to buy right now.
As of the April 6 close, AXIS Capital Holdings Ltd. (NYSE:AXS) had a strongly bullish consensus sentiment. The stock received coverage from 9 analysts, 8 of whom assigned Buy ratings and 1 gave a Hold call. With no Sell rating, it has a projected median 1-year price target of $126, which yields more than 24% upside potential at the current level.
On March 26, Axis Capital Holdings Ltd. (NYSE:AXS) announced amendments to its ongoing secured letter of credit facility worth $300 million with Citibank Europe. As per the amendment, the tenor of this facility has been extended up to March 31, 2027.
The amendment covers subsidiaries including AXIS Insurance Company, AXIS Surplus Insurance Company, AXIS Specialty Europe SE, AXIS Re SE, and AXIS Reinsurance Company.
On March 26, AXIS Capital Holdings Ltd. (NYSE:AXS) announced the appointment of Matthew Kirk as the Chief Financial Officer. The appointment, which takes effect on March 31, completes a planned change in leadership that was first announced on August 14. Operating out of New York, the new CFO serves on the executive committee and reports directly to President and CEO Vince Tizzio.
AXIS Capital Holdings Ltd. (NYSE:AXS) offers reinsurance and specialty insurance services around the world. The company delivers property and professional insurance solutions, catering to a number of sectors. These include marine, cybersecurity, and agriculture, to name a few.
3. First American Financial Corp. (NYSE:FAF)
First American Financial Corp. (NYSE:FAF) is one of the 7 best property & casualty insurance stocks to buy right now.
On March 2, Oscar Nieves from Stephens upgraded First American Financial Corp. (NYSE:FAF) from an Equal Weight rating to Overweight. The analyst also raised the stock’s target price from $71 to $81, resulting in a revised upside potential of nearly 34%.
Based on Nieves’s views, First American Financial Corp. (NYSE:FAF) has sustained the challenging housing backdrop through improved profitability and impressive commercial execution. Such performance was reflected in the company’s fourth-quarter performance. Although home sales remained below normal levels in 2025, margins have risen significantly due to the company’s operational discipline and attractive business mix.
On April 1, First American Financial Corp. (NYSE:FAF) announced its inclusion in the list of 2026 Fortune 100 Best Companies to Work For. The recent recognition marks the eleventh consecutive year the title and settlement provider has secured this corporate benchmark. Great Place To Work ascertained this by collecting confidential feedback from 1.3 million domestic employees and applying rigorous analytics to it.
First American Financial Corp. (NYSE:FAF) is a specialty insurance provider that primarily delivers title insurance and settlement services. Beyond that, they also offer home warranties, lending solutions, and wealth management services. The company has also diversified towards data and analytics for commercial and residential properties.
2. Assured Guaranty Ltd. (NYSE:AGO)
Assured Guaranty Ltd. (NYSE:AGO) is one of the 7 best property & casualty insurance stocks to buy right now.
On March 19, Tommy McJoynt from Keefe, Bruyette & Woods decreased the target price for Assured Guaranty Ltd. (NYSE:AGO) from $108 to $103. The analyst reiterated his Outperform rating on the stock, which now offers an adjusted upside potential of more than 26% at the prevailing level. According to McJoynt, these adjustments were based on the company’s fourth quarter earnings report.
Back on February 27, Assured Guaranty Ltd. (NYSE:AGO) reported a record present value of new business production totaling $286 million for 2025, while achieving its $500 million share repurchase target. The CEO, Dominic Frederico, reflected on the fourteenth consecutive year in which the company has increased its dividends. He also acknowledged the company’s purchase of Warwick Re Limited, to reinsure fixed-term annuities and pension risk transfer annuities.
Chief Operating Officer Robert Bailenson also noted that the U.S. public finance segment generated $206 million in present value of new business production, representing a 19% increase in the second half of the year.
Assured Guaranty Ltd. (NYSE:AGO) serves structured and public finance markets by offering them credit protection products. It protects debtors from defaulting, along with insuring and reinsuring several public and non-public finance obligations. Additionally, it offers specialty businesses, including pooled corporate obligations, aircraft residual value insurance, and more.
1. Slide Insurance Holdings Inc. (NASDAQ:SLDE)
Slide Insurance Holdings Inc. (NASDAQ:SLDE) is one of the 7 best property & casualty insurance stocks to buy right now.
On March 24, Slide Insurance Holdings Inc. (NASDAQ:SLDE) reported the completion of its first $120 million common stock repurchase program. Following this, another common stock repurchase plan of $125 million has been approved by the company’s board of directors.
This new mandate has an open-ended timeline and goes into effect immediately. According to the firm, these repurchases are subject to modifications, suspensions, or discontinuation at any given moment.
Back on February 26, Morgan Stanley increased the price target on Slide Insurance Holdings Inc. (NASDAQ:SLDE) from $21 to $22 while maintaining an Overweight rating on the stock.
After the fourth quarter earnings, Morgan Stanley revised the targets for the P&C Insurance sector with the observation that shares of insurance firms showing high underwriting differentiation will perform well. The firm also stated that margin resilience is very important at this stage, given the expectation that prices will keep falling and the challenges posed by artificial intelligence.
Slide Insurance Holdings Inc. (NASDAQ:SLDE) is a tech-enabled insurance company that leverages big data and AI capabilities to offer personalized insurance solutions to customers. Keeping the unique needs and circumstances of individuals in mind, they deliver insurance plans for homeowners, commercial, residential properties, and condominiums.
While we acknowledge the potential of SLDE 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 SLDE and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 12 Oversold Financial Stocks to Invest in According to Hedge Funds.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
Hedge Fund Resource Center