5 Insurance Companies Gurus Are Buying

Allstate makes the list

Article's Main Image

According to the GuruFocus All-In-One Screener as of April 9, the following insurance companies are popular among gurus.

Alleghany

Property and casualty insurance company Alleghany Corp. Y has a market cap of $8.64 billion. Its revenue of $9 billion has grown 24.7% over the past 10 years.

The company is held by 12 gurus, the largest of which is First Eagle Investment (Trades, Portfolio) with 4.30% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.60% and Chris Davis (Trades, Portfolio) with 0.34%.

As of April 9, the stock was trading with a price-earnings ratio of 10.14. The share price of $600 was 29.24% below the 52-week high and 40.56% above the 52-week low. Over the past 10 years, the stock has gained 104%.

Willis Towers Watson

Insurance broker Willis Towers Watson PLC WLTW has a market cap of $24.95 billion. Its revenue of $9 billion has grown 12.7% over the past decade.

Among the 12 gurus invested in the company, First Eagle Investment is the largest shareholder with 2.35% of outstanding shares, followed by David Abrams (Trades, Portfolio) with 0.85% and Diamond Hill Capital (Trades, Portfolio) with 0.44%.

As of April 9, the stock was trading with a price-earnings ratio of 24.16. The share price of $194.15 was 12.14% below the 52-week high and 34.45% above the 52-week low. Over the past decade, the stock has gained 124%.

Progressive

Progressive Corp. PGR has a market cap of $46.59 billion. Its revenue of $38 billion has increased 9.8% over the past 10 years.

The well-known insurance company is held by 16 gurus. The largest guru shareholder is Pioneer Investments (Trades, Portfolio) with 1.29% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.92% and PRIMECAP Management (Trades, Portfolio) with 0.46%.

As of April 9, shares were trading with a price-earnings ratio of 11.83. The share price of $79.66 was 6.24% below the 52-week high and 28.11% above the 52-week low. Over the past decade, the stock has gained 312%.

Marsh & McLennan

Marsh & McLennan Companies Inc. MMC, which provides personal services in the risk and insurance market, has a market cap of $48.60 billion. Its revenue of $16 billion has increased 4.5% over the past decade.

Twelve gurus hold the stock. With 1.68% of outstanding shares, PRIMECAP Management is the company's largest guru shareholder, followed by Pioneer Investments with 0.93% and Diamond Hill Capital with 0.24%.

On April 9, the stock traded with a price-earnings ratio of 28.29. The share price of $96.41 was 19.58% below the 52-week high and 29.69% above the 52-week low. Over the past decade, the stock has gained 293%.

Allstate

Allstate Corp. ALL, which is a U.S. property-casualty insurer, has a $31.86 billion market cap.

Eleven gurus own the stock. The company’s largest guru shareholder is Pioneer Investments with 0.21% of outstanding shares, followed by Robert Bruce (Trades, Portfolio) with 0.10% and Richard Pzena (Trades, Portfolio) with 0.09%.

On April 9, the share price of $101.02 was 19.77% below the 52-week high and 57.52% above the 52-week low. The stock was trading with a price-earnings ratio of 7.24. Over the past 10 years, the stock has gained 202%.

Disclosure: I do not own any stocks mentioned.

Read more here:

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.