In this article, we will take a look at the 5 Oversold Insurance Stocks to Buy According to Analysts. For deeper analysis and discussion, read 10 Oversold Insurance Stocks to Buy According to Analysts.
5. Brown & Brown, Inc. (NYSE:BRO)
Brown & Brown, Inc. (NYSE:BRO) is among the most oversold stocks.
TheFly reported on March 11 that Barclays lowered BRO’s price target to $80 from $82, while maintaining an Equal Weight rating on the stock. Barclays acknowledged that worries about AI disruption have put pressure on the insurance brokerage industry, but believes the recent fall is overstated. The company thinks that while current valuations already account for slower growth, they undervalue the brokerage business model’s durability and the potential for AI to boost margins and productivity, acting as a benefit rather than a threat.
Separately, earlier on February 17, Brown & Brown, Inc. (NYSE:BRO) declared that on February 17, 2026, Brown & Brown Dealer Services (BBDS) purchased the assets of The Protectorate Group Insurance Agency, Inc., doing business as American Adventure Insurance. Along with F&I products and commercial insurance, American Adventure offers dealership-focused insurance solutions for vehicles, such as mobile homes, campers, boats, motorbikes, and more.
Under the direction of Paul Bender, who has over thirty years of expertise, the American Adventure team will join BBDS and go on with operations across the country, reporting to BBDS President Mike Neal. While maintaining the company’s dealer-centric strategy, the acquisition is anticipated to improve BBDS’s capabilities, broaden its product offerings, and provide cutting-edge insurance solutions to its network of dealerships throughout the United States.
Brown & Brown, Inc. (NYSE:BRO) is a U.S. insurance brokerage firm providing risk management, insurance, and related consulting services to businesses, individuals, and public entities nationwide.
4. Prudential Financial, Inc. (NYSE:PRU)
Prudential Financial, Inc. (NYSE:PRU) is among the most oversold insurance stocks.
TheFly reported on March 5 that PRU had its price target reduced by TD Cowen to $105 from $113, while the firm maintained a Hold rating on the stock. The adjustment followed an update to the company’s financial model after reviewing the fourth-quarter results, reflecting the firm’s reassessment of PRU’s near-term performance and outlook.
Separately, on March 2, Prudential Financial, Inc. (NYSE:PRU) announced the launch of its ActiveIncome insurance overlay for retail managed accounts on Franklin Templeton’s Canvas platform. The solution, which is made available through the FIDx Insurance Overlay marketplace, is intended to assist registered investment advisors in adding protected lifetime income to client portfolios. By using a contingent deferred annuity, investors can secure retirement income while retaining investment flexibility.
By providing an alternative to conventional withdrawal methods and meeting changing investor needs, the technology enables advisers to improve retirement planning techniques. By incorporating this overlay into Canvas, PRU and Franklin Templeton give advisors simplified access to insurance solutions, allowing them to provide clients with comprehensive wealth management and individualized, secure, and tax-efficient retirement outcomes while maintaining asset control.
Prudential Financial, Inc. (NYSE:PRU) is a global financial services company offering life insurance, retirement solutions, investment management, and related financial products to individuals and institutional clients.
3. Arthur J. Gallagher & Co. (NYSE:AJG)
Arthur J. Gallagher & Co. (NYSE:AJG) is among the most oversold insurance stocks.
TheFly reported on March 11 that Barclays upgraded AJG to Overweight from Underweight and raised the price target to $262 from $247. According to the firm, the insurance brokerage sector has recently declined due to concerns over AI-driven disruption, but it considers this market reaction excessive. Barclays believes current valuations already reflect slower growth, while underestimating the resilience of the brokerage model and the potential for AI to improve efficiency and margins.
The firm also emphasized that AJG offers stability and the potential to gain from productivity gains through AI integration, making it a potent defensive choice in the current climate.
Separately, Risk Placement Services, Inc. (RPS), the U.S. wholesale brokerage and programs division of Arthur J. Gallagher & Co. (NYSE:AJG), said on March 9 that it had purchased Agoura Hills, California-based S Philips Surety & Insurance Services, Inc. Jeremy Crawford, leader of RPS’s surety operations, will continue to lead the team at S Philips, which specializes in offering surety bonds to agents and brokers on the West Coast. Through the acquisition, RPS’s product offerings are expanded, and its regional surety expertise is strengthened. The transaction’s terms have not yet been made public.
Arthur J. Gallagher & Co. (NYSE:AJG) is a global insurance brokerage and risk management firm providing property, casualty, employee benefits, and consulting services to clients across industries worldwide.
2. Marsh & McLennan Companies, Inc. (NYSE:MRSH)
Marsh & McLennan Companies, Inc. (NYSE:MRSH) is among the most oversold stocks.
TheFly reported on March 11 that Barclays adjusted its price target for MRSH to $209 from $210, while the firm maintained an Overweight rating on the stock. Barclays noted that the insurance brokerage sector has recently experienced a sharp selloff due to concerns over AI-related disruption, which the firm considers excessive. MRSH is positioned as a strong player that can profit from efficiency gains because current valuations are thought to already reflect slower growth while undervaluing the brokerage model’s durability and AI’s capacity to increase productivity and profitability.
Additionally, in a recent development, on March 2, the Marsh & McLennan Companies, Inc. (NYSE:MRSH) Agency unveiled Network Navigator. Employers may evaluate costs and network performance by region, specialty, and service type thanks to this exclusive healthcare pricing technology, which converts new price-transparency laws into comprehensive provider-level analytics.
By filling up the gaps in current network evaluation techniques that rely on insufficient or self-reported data, the tool is intended to assist employers in managing growing healthcare costs, optimizing plan selections, and directing staff to high-quality, economical care.
Marsh & McLennan Companies, Inc. (NYSE:MRSH) is a global professional services firm offering risk management, insurance brokerage, consulting, and advisory services to clients across industries worldwide.
1. The Progressive Corporation (NYSE:PGR)
The Progressive Corporation (NYSE:PGR) is among the most oversold stocks.
TheFly reported on March 11 that BMO Capital reduced its price target for PGR to $208 from $232 while keeping a Market Perform rating on the shares. The firm notes that limited pricing power is expected to be partially offset by low single-digit claims inflation. It also highlights anticipated efficiencies in the company’s expense ratio due to AI adoption.
Despite these positives, BMO expects consensus revenue forecasts to decline further as PGR’s ability to raise auto insurance premiums continues to soften. The update reflects the firm’s assessment of both operational improvements and ongoing pricing challenges in the auto insurance market.
Separately, on March 9, the Board of Directors of The Progressive Corporation (NYSE:PGR) announced a quarterly dividend of $0.10 per common share, demonstrating the company’s sound financial standing. The stockholders listed at the close of business on April 2, 2026, will receive this dividend on April 10, 2026. The announcement demonstrates the company’s continued dedication to giving shareholders their money back while upholding a strict approach to financial management. In its primary insurance business, Progressive continues to strike a balance between operational stability and shareholder returns.
The Progressive Corporation (NYSE:PGR) is a U.S. insurance company providing personal and commercial auto, property, and specialty insurance products directly and through agents nationwide.
While we acknowledge the potential of PGR 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 PGR and that has 100x upside potential, check out our report about this cheapest AI stock.
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