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Prudential Financial, Unum among insurers trading 20%+ below analyst targets

Five insurance underwriters were trading more than 20% below analysts' one-year price targets as of Aug. 31.

Though it already has returned more than 30% in the last year, Heritage Insurance Holdings Inc. still has an implied upside of 37.4%, according to an S&P Global Market Intelligence analysis. Trupanion Inc. had the second-largest implied upside at 26.8%, even after the stock posted a return of 74.5% over the past year. Unum Group, Prudential Financial Inc. and MGIC Investment Corp. rounded out the top five.

Thanks to a strong rally over the last few months, the insurance industry is trading more in line with analyst expectations than it was in early June. As of Aug. 31, insurance stocks had a median implied upside of 10.5%, compared to 14.0% as of June 1.

At the end of August, 14 insurance stocks were trading above one-year analyst price targets. RLI Corp.'s 49.9% return over the past year has pushed it nearly 10% above analyst expectations, more than any other insurance stock in this analysis.

In this analysis, S&P Global Market Intelligence examined U.S. insurance underwriter and insurance broker stocks trading on major exchanges in relation to their mean one-year analyst price targets as of Aug. 31. Only stocks with three or more analyst price targets, and that were trading above $5 per share, were included in this analysis.

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