These 15 insurance stocks offer investors both high dividends (up to 17 percent dividend yield) and low P/E ratios (some below 6.0). Which shares are worth evaluating now. In cooperation with Roland Frank.
Insurance stocks with high dividends and low P/E ratios
The American insurer Lincoln National has the lowest PER for
2024 in the insurance industry in the USA and Europe. The company specializes in multi-insurance and pension products and is valued at a P/E ratio
of 3.3 and a dividend yield of 7.02 percent for the coming year.
And the company with the hammer dividends follows directly
in second place: Because Direct Line Insurance currently offers investors a
dividend yield of 17.24 percent with a P/E ratio of 5.7. However, the British
insurer recently lost a lot in price, so investors in Direct Line
Insurance shares are keeping an eye on it and are not just seduced by the very
high dividend yield.
But these insurance stocks also offer very attractive
valuations:
Allianz, Axa, and Swiss Re with great ratings
The French insurance group Axa, for example, offers an
attractive valuation with a PER of 7.2 and a dividend yield of 6.99 percent.
The BÖRSE ONLINE editorial team recommends buying the Axa share with a target
price of EUR 32. Investors put a stop at 19.50 euros.
And Allianz shares are of course familiar to German investors.
Although it only ranks 14th among the best insurance groups from Europe and the
USA, Allianz offers a PER of 7.9 for 2024 and a dividend yield of 5.87 percent.
We also recommend buying Allianz shares with a price target of EUR 280 and a
stop price of EUR 142.
And the Swiss reinsurer Swiss Re made it onto P/E's list of
the cheapest insurance stocks by P/E. For Swiss Re, experts expect a P/E ratio
of 8.0 and a dividend yield of 6.80 percent for 2024.
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