76 Best Insurance Dividend Stocks To Invest In

If you are an investor in one of the 76 best insurance dividend stocks to invest in, you’re regularly collecting dividend payments from your investment, which can help spur the cycle of reinvestment or provide you with a small amount of regular income, depending on the size of your investment.

Several hedge funds that Insider Monkey tracks became upbeat about insurance company stocks during the first quarter based on their recent wave of 13F filings. Over the next few pages, we have analyzed the best insurance company stocks for investing based on that hedge fund sentiment. That’s what we do at Insider Monkey and our flagship strategy has returned 44.2% since February 2016 vs. a 29.6% gain for the S&P 500 index ETF (SPY). Our most recent stock picks, which were disclosed to our subscribers in the middle of February, beat the market by 5 percentage points in the three months that followed and our latest picks were released in the middle of May. Our system is easy for investors to implement, with just a small batch of trades to be executed once per quarter.

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To give an idea on how influential hedge funds are in investment-related moves connected to insurance stocks, here are a few statistics. As of now, there are 85 insurance companies that currently offer dividends. Of those companies, all but five have at least one hedge fund backing them, with one company having 61 of the hedge funds in our database as shareholders. These aggregate hedge fund investments vary in size, from as little as $342,000 to more than $6 billion. Overall, as of the end of the first quarter of 2017, hedge funds hold insurance stock positions worth $36.71 billion, with the top ten companies accounting for almost 60% of those investment dollars.

For this list of the best insurance dividend stocks to invest in, the companies are ranked according to the number of hedge funds tracked by Insider Monkey which are invested in each stock as of the end of the first quarter of 2017. In case two or more insurance companies have the same number of hedge fund backers, the companies are then ranked based on how much money the hedge funds have invested in each company. The hedge fund ownership data is as of March 31, 2017, while figures for each stock’s dividend yield, share price, and annual dividend are as of July 10, 2017.

Head to the next page to begin the countdown of the 76 best insurance dividend stocks to invest in.

76. EMC Insurance Group Inc. (NASDAQ:EMCI)

Hedge fund sentiment on EMC Insurance Group Inc. (NASDAQ:EMCI): 3 hedge funds invested $15.5 million

Annual dividend: $0.84

Stock price: $27.76

Dividend yield: 3.03%

75. Independence Holding Company (NYSE:IHC)

Hedge fund sentiment on Independence Holding Company (NYSE:IHC): 3 hedge funds invested $17.5 million

Annual dividend: $0.12

Stock price: $21.65

Dividend yield: 0.55%

74. Donegal Group Inc. (NASDAQ:DGICA)

Hedge fund sentiment on Donegal Group Inc. (NASDAQ:DGICA): 4 hedge funds invested $8.4 million

Annual dividend: $0.56

Stock price: $15.70

Dividend yield: 3.57%

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73. Kingstone Companies Inc (NASDAQ:KINS)

Hedge fund sentiment on Kingstone Companies Inc (NASDAQ:KINS): 4 hedge funds invested $12.7 million

Annual dividend: $0.32

Stock price: $15.65

Dividend yield: 2.04%

72. State Auto Financial Corp (NASDAQ:STFC)

Hedge fund sentiment on State Auto Financial Corp (NASDAQ:STFC): 4 hedge funds invested $16.9 million

Annual dividend: $0.40

Stock price: $25.82

Dividend yield: 1.55%

71. Federated National Holding Co (NASDAQ:FNHC)

Hedge fund sentiment on Federated National Holding Co (NASDAQ:FNHC): 5 hedge funds invested $29.2 million

Annual dividend: $0.32

Stock price: $15.77

Dividend yield: 2.03%

70. Infinity Property and Casualty Corp. (NASDAQ:IPCC)

Hedge fund sentiment on Infinity Property and Casualty Corp. (NASDAQ:IPCC): 5 hedge funds invested $35.2 million

Annual dividend: $2.32

Stock price: $93.75

Dividend yield: 2.47%

69. FBL Financial Group (NYSE:FFG)

Hedge fund sentiment on FBL Financial Group (NYSE:FFG): 6 hedge funds invested $10.6 million

Annual dividend: $1.76

Stock price: $62.65

Dividend yield: 2.81%

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68. Selective Insurance Group (NASDAQ:SIGI)

Hedge fund sentiment on Selective Insurance Group (NASDAQ:SIGI): 6 hedge funds invested $18.6 million

Annual dividend: $0.64

Stock price: $50.20

Dividend yield: 1.27%

67. Prudential Public Limited Company (ADR) (NYSE:PUK)

Hedge fund sentiment on Prudential Public Limited Company (ADR) (NYSE:PUK): 6 hedge funds invested $23.5 million

Annual dividend: $1.59

Stock price: $46.32

Dividend yield: 3.43%

66. American National Insurance Company (NASDAQ:ANAT)

Hedge fund sentiment on American National Insurance Company (NASDAQ:ANAT): 6 hedge funds invested $35 million

Annual dividend: $3.28

Stock price: $116.80

Dividend yield: 2.81%

65. AEGON N.V. (ADR) (NYSE:AEG)

Hedge fund sentiment on AEGON N.V. (ADR) (NYSE:AEG): 6 hedge funds invested $37.9 million

Annual dividend: $0.29

Stock price: $5.34

Dividend yield: 5.48%

64. National Western Life Group, Inc. (NASDAQ:NWLI)

Hedge fund sentiment on National Western Life Group, Inc. (NASDAQ:NWLI): 7 hedge funds invested $10.1 million

Annual dividend: $0.36

Stock price: $322

Dividend yield: 0.11%

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63. Horace Mann Educators Corporation (NYSE:HMN)

Hedge fund sentiment on Horace Mann Educators Corporation (NYSE:HMN): 7 hedge funds invested $22 million

Annual dividend: $1.10

Stock price: $37.90

Dividend yield: 2.90%

62. China Life Insurance Co Ltd (ADR) (NYSE:LFC)

Hedge fund sentiment on China Life Insurance Co Ltd (ADR) (NYSE:LFC): 7 hedge funds invested $24.9 million

Annual dividend: $0.14

Stock price: $15.42

Dividend yield: 0.89%

61. Baldwin & Lyons Inc (NASDAQ:BWINB)

Hedge fund sentiment on Baldwin & Lyons Inc (NASDAQ:BWINB): 7 hedge funds invested $42 million

Annual dividend: $1.08 (both class A common and class B stocks)

Stock price: $23.41 (class A common), #24.50 (class B)

Dividend yield: 4.61% (class A common), 4.41% (class B)

60. Kemper Corp (NYSE:KMPR)

Hedge fund sentiment on Kemper Corp (NYSE:KMPR): 8 hedge funds invested $25.2 million

Annual dividend: $0.96

Stock price: $39.20

Dividend yield: 2.45%

59. Crawford & Company (NYSE:CRD.B)

Hedge fund sentiment on Crawford & Company (NYSE:CRD.B): 9 hedge funds invested $15.9 million

Annual dividend: $0.28

Stock price: $7.59

Dividend yield: 3.69%

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58. Amerisafe, Inc. (NASDAQ:AMSF)

Hedge fund sentiment on Amerisafe, Inc. (NASDAQ:AMSF): 9 hedge funds invested $16.7 million

Annual dividend: $0.80

Stock price: $56.70

Dividend yield: 1.41%

57. Erie Indemnity Company (NASDAQ:ERIE)

Hedge fund sentiment on Erie Indemnity Company (NASDAQ:ERIE): 9 hedge funds invested $67.6 million

Annual dividend: $3.13

Stock price: $123.50

Dividend yield: 2.53%

The next 56 companies on this list of the 76 best insurance dividend stocks to invest in each have 10 or more hedge funds invested in them as of the end of March.

56. United Insurance Holdings Corp (NASDAQ:UIHC)

Hedge fund sentiment on United Insurance Holdings Corp (NASDAQ:UIHC): 10 hedge funds invested $16.9 million

Annual dividend: $0.24

Stock price: $15.82

Dividend yield: 1.52%

55. Mercury General Corporation (NYSE:MCY)

Hedge fund sentiment on Mercury General Corporation (NYSE:MCY): 10 hedge funds invested $39.5 million

Annual dividend: $2.49

Stock price: $54.16

Dividend yield: 4.60%

54. RLI Corp. (NYSE:RLI)

Hedge fund sentiment on RLI Corp. (NYSE:RLI): 10 hedge funds invested $100.8 million

Annual dividend: $0.84

Stock price: $54.49

Dividend yield: 1.54%

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53. Navigators Group Inc (NASDAQ:NAVG)

Hedge fund sentiment on Navigators Group Inc (NASDAQ:NAVG): 10 hedge funds invested $117.1 million

Annual dividend: $0.24

Stock price: $54.90

Dividend yield: 0.44%

52. OneBeacon Insurance Group, Ltd. (NYSE:OB)

Hedge fund sentiment on OneBeacon Insurance Group, Ltd. (NYSE:OB): 11 hedge funds invested $21 million

Annual dividend: $0.84

Stock price: $18.23

Dividend yield: 4.61%

51. United Fire Group, Inc. (NASDAQ:UFCS)

Hedge fund sentiment on United Fire Group, Inc. (NASDAQ:UFCS): 11 hedge funds invested $22 million

Annual dividend: $1.12

Stock price: $43.87

Dividend yield: 2.55%

50. Universal Insurance Holdings, Inc. (NYSE:UVE)

Hedge fund sentiment on Universal Insurance Holdings, Inc. (NYSE:UVE): 11hedge funds invested $24.7 million

Annual dividend: $0.56

Stock price: $25.25

Dividend yield: 2.22%

49. Employers Holdings, Inc. (NYSE:EIG)

Hedge fund sentiment on Employers Holdings, Inc. (NYSE:EIG): 11 hedge funds invested $46.9 million

Annual dividend: $0.60

Stock price: $42.60

Dividend yield: 1.41%

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48. Cna Financial Corp (NYSE:CNA)

Hedge fund sentiment on Cna Financial Corp (NYSE:CNA): 11 hedge funds invested $54.3 million

Annual dividend: $1.00

Stock price: $49.28

Dividend yield: 2.03%

47. State National Companies Inc (NASDAQ:SNC)

Hedge fund sentiment on State National Companies Inc (NASDAQ:SNC): 11 hedge funds invested $96.1 million

Annual dividend: $0.24

Stock price: $18.46

Dividend yield: 1.30%

46. Maiden Holdings, Ltd. (NASDAQ:MHLD)

Hedge fund sentiment on Maiden Holdings, Ltd. (NASDAQ:MHLD): 12 hedge funds invested $31.5 million

Annual dividend: $0.60

Stock price: $11.40

Dividend yield: 5.26%

45. Argo Group International Holdings, Ltd. (NASDAQ:AGII)

Hedge fund sentiment on Argo Group International Holdings, Ltd. (NASDAQ:AGII): 12 hedge funds invested $97.4 million

Annual dividend: $1.08

Stock price: $60.40

Dividend yield: 1.79%

44. Sun Life Financial Inc (NYSE:SLF)

Hedge fund sentiment on Sun Life Financial Inc (NYSE:SLF): 13 hedge funds invested $125 million

Annual dividend: $1.29

Stock price: $36.21

Dividend yield: 3.56%

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43. Arthur J Gallagher & Co (NYSE:AJG)

Hedge fund sentiment on Arthur J Gallagher & Co (NYSE:AJG): 13 hedge funds invested $180.2 million

Annual dividend: $1.56

Stock price: $57.59

Dividend yield: 2.71%

42. Safety Insurance Group, Inc. (NASDAQ:SAFT)

Hedge fund sentiment on Safety Insurance Group, Inc. (NASDAQ:SAFT): 14 hedge funds invested $39.9 million

Annual dividend: $2.80

Stock price: $68.80

Dividend yield: 4.07%

41. ProAssurance Corporation (NYSE:PRA)

Hedge fund sentiment on ProAssurance Corporation (NYSE:PRA): 15 hedge funds invested $110.9 million

Annual dividend: $1.24

Stock price: $61.00

Dividend yield: 2.03%

40. James River Group Holdings Ltd (NASDAQ:JRVR)

Hedge fund sentiment on James River Group Holdings Ltd (NASDAQ:JRVR): 15 hedge funds invested $496.4 million

Annual dividend: $1.20

Stock price: $39.47

Dividend yield: 3.04%

39. Axis Capital Holdings Limited (NYSE:AXS)

Hedge fund sentiment on Axis Capital Holdings Limited (NYSE:AXS): 15 hedge funds invested $527 million

Annual dividend: $1.52 (common shares), $1.72 (preferred shares)

Stock price: $63.71 (common shares), $24.99 (preferred shares)

Dividend yield: 2.39% (common shares), 6.88% (preferred shares)

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38. National General Holdings Corp (NASDAQ:NGHC)

Hedge fund sentiment on National General Holdings Corp (NASDAQ:NGHC): 16 hedge funds invested $105.8 million

Annual dividend: $0.16 (NGHC shares), $1.88 (NGHCO shares)

Stock price: $20.91 (NGHC shares), $25.80 (NGHCO shares)

Dividend yield: 0.77% (NGHC shares), 7.27% (NGHCO shares)

37. Assurant, Inc. (NYSE:AIZ)

Hedge fund sentiment on Assurant, Inc. (NYSE:AIZ): 16 hedge funds invested $225.9 million

Annual dividend: $2.12

Stock price: $104.80

Dividend yield: 2.02%

36. RenaissanceRe Holdings Ltd. (NYSE:RNR)

Hedge fund sentiment on RenaissanceRe Holdings Ltd. (NYSE:RNR): 16 hedge funds invested $274.5 million

Annual dividend: $1.28

Stock price: $140.06

Dividend yield: 0.91%

35. XL Group Ltd. (NYSE:XL)

Hedge fund sentiment on XL Group Ltd. (NYSE:XL): 16 hedge funds invested $393.1 million

Annual dividend: $0.88

Stock price: $44.41

Dividend yield: 1.98%

34. W. R. Berkley Corp (NYSE:WRB)

Hedge fund sentiment on W. R. Berkley Corp (NYSE:WRB): 16 hedge funds invested $672.9 million

Annual dividend: $0.56

Stock price: $69.37

Dividend yield: 0.81%

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33. Torchmark Corporation (NYSE:TMK)

Hedge fund sentiment on Torchmark Corporation (NYSE:TMK): 16 hedge funds invested $738.8 million

Annual dividend: $0.60

Stock price: $76.97

Dividend yield: 0.78%

32. Hanover Insurance Group Inc (NYSE:THG)

Hedge fund sentiment on Hanover Insurance Group Inc (NYSE:THG): 17 hedge funds invested $251.6 million

Annual dividend: $2.00

Stock price: $88.27

Dividend yield: 2.27%

31. Everest Re Group Ltd (NYSE:RE)

Hedge fund sentiment on Everest Re Group Ltd (NYSE:RE): 17 hedge funds invested $655.4 million

Annual dividend: $5.00

Stock price: $261.50

Dividend yield: 1.91%

30. American Equity Investment Life Holding (NYSE:AEL)

Hedge fund sentiment on American Equity Investment Life Holding (NYSE:AEL): 18 hedge funds invested $129.4 million

Annual dividend: $0.24

Stock price: $26.89

Dividend yield: 0.89%

29. CNO Financial Group Inc (NYSE:CNO)

Hedge fund sentiment on CNO Financial Group Inc (NYSE:CNO): 18 hedge funds invested $204.9 million

Annual dividend: $0.36

Stock price: $21.14

Dividend yield: 1.70%

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28. White Mountains Insurance Group Ltd (NYSE:WTM)

Hedge fund sentiment on White Mountains Insurance Group Ltd (NYSE:WTM): 18 hedge funds invested $217.8 million

Annual dividend: $1.00

Stock price: $860.00

Dividend yield: 0.12%

27. Manulife Financial Corporation (USA) (NYSE:MFC)

Hedge fund sentiment on Manulife Financial Corporation (USA) (NYSE:MFC): 18 hedge funds invested $233.3 million

Annual dividend: $0.60

Stock price: $19.23

Dividend yield: 3.11%

26. Arch Capital Group Ltd. (NASDAQ:ACGL)

Hedge fund sentiment on Arch Capital Group Ltd. (NASDAQ:ACGL): 18 hedge funds invested $942.92 million

Annual dividend: $1.69 (6.75% preferred shares)

Stock price: $25.52 (6.75% preferred shares)

Dividend yield: 6.61% (6.75% preferred shares)

25. Cincinnati Financial Corporation (NASDAQ:CINF)

Hedge fund sentiment on Cincinnati Financial Corporation (NASDAQ:CINF): 19 hedge funds invested $111.1 million

Annual dividend: $2.00

Stock price: $72.45

Dividend yield: 2.76%

24. Fidelity & Guaranty Life (NYSE:FGL)

Hedge fund sentiment on Fidelity & Guaranty Life (NYSE:FGL): 20 hedge funds invested $188.5 million

Annual dividend: $0.26

Stock price: $31.07

Dividend yield: 0.84%

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23. Unum Group (NYSE:UNM)

Hedge fund sentiment on Unum Group (NYSE:UNM): 20 hedge funds invested $347 million

Annual dividend: $0.80

Stock price: $47.59

Dividend yield: 1.68%

22. Aspen Insurance Holdings Limited (NYSE:AHL)

Hedge fund sentiment on Aspen Insurance Holdings Limited (NYSE:AHL): 21 hedge funds invested $338.4 million

Annual dividend: $0.96 (common shares), $1.81 (limited perpetual preferred shares)

Stock price: $51.05 (common shares), $25.00 (limited perpetual preferred shares)

Dividend yield: 1.88% (common shares), 7.25% (limited perpetual preferred shares)

21. Loews Corporation (NYSE:L)

Hedge fund sentiment on Loews Corporation (NYSE:L): 21 hedge funds invested $354.8 million

Annual dividend: $0.25

Stock price: $47.15

Dividend yield: 0.53%

20. Reinsurance Group of America Inc (NYSE:RGA)

Hedge fund sentiment on Reinsurance Group of America Inc (NYSE:RGA): 21 hedge funds invested $405.8 million

Annual dividend: $1.64

Stock price: $131.26

Dividend yield: 1.25%

19. Brown & Brown, Inc. (NYSE:BRO)

Hedge fund sentiment on Brown & Brown, Inc. (NYSE:BRO): 22 hedge funds invested $436.7million

Annual dividend: $0.54

Stock price: $43.02

Dividend yield: 1.26%

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18. American Financial Group Inc (NYSE:AFG)

Hedge fund sentiment on American Financial Group Inc (NYSE:AFG): 24 hedge funds invested $196.9 million

Annual dividend: $1.25 (AFG shares), $1.59 (AFW shares)

Stock price: $101.46(AFG shares), $25.05 (AFW shares)

Dividend yield: 1.23%(AFG shares), 6.36% (AFW shares)

17. AmTrust Financial Services Inc (NASDAQ:AFSI)

Hedge fund sentiment on AmTrust Financial Services Inc (NASDAQ:AFSI): 25 hedge funds invested $81.9 million

Annual dividend: $0.68

Stock price: $14.90

Dividend yield: 4.56%

We’ve almost reached the end. The remaining 16 companies on this list of the 76 best insurance dividend stocks to invest in each have more than 25 hedge funds as shareholders as of March 31.

16. Validus Holdings, Ltd. (NYSE:VR)

Hedge fund sentiment on Validus Holdings, Ltd. (NYSE:VR): 26 hedge funds invested $351.6 million

Annual dividend: $1.52

Stock price: $52.15

Dividend yield: 2.91%

15. Chubb Ltd (NYSE:CB)

Hedge fund sentiment on Chubb Ltd (NYSE:CB): 27 hedge funds invested $1.05 billion

Annual dividend: $2.84

Stock price: $146.38

Dividend yield: 1.94%

14. Aon plc Class A Ordinary Shares (UK) (NYSE:AON)

Hedge fund sentiment on Aon plc Class A Ordinary Shares (UK) (NYSE:AON): 27 hedge funds invested $2.93 billion

Annual dividend: $1.44

Stock price: $133.58

Dividend yield: 1.08%

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13. AFLAC Incorporated (NYSE:AFL)

Hedge fund sentiment on AFLAC Incorporated (NYSE:AFL): 29 hedge funds invested $721.1 million

Annual dividend: $1.72

Stock price: $77.91

Dividend yield: 2.21%

12. Lincoln National Corporation (NYSE:LNC)

Hedge fund sentiment on Lincoln National Corporation (NYSE:LNC): 31 hedge funds invested $742.2 million

Annual dividend: $1.16

Stock price: $69.81

Dividend yield: 1.66%

11. Prudential Financial Inc (NYSE:PRU)

Hedge fund sentiment on Prudential Financial Inc (NYSE:PRU): 31 hedge funds invested $752 million

Annual dividend: $3.00

Stock price: $111.40

Dividend yield: 2.69%

10. Assured Guaranty Ltd. (NYSE:AGO)

Hedge fund sentiment on Assured Guaranty Ltd. (NYSE:AGO): 33 hedge funds invested $554.7 million

Annual dividend: $0.57

Stock price: $43.02

Dividend yield: 1.32%

9. Travelers Companies Inc (NYSE:TRV)

Hedge fund sentiment on Travelers Companies Inc (NYSE:TRV): 34 hedge funds invested $937.3 million

Annual dividend: $2.88

Stock price: $126.87

Dividend yield: 2.27%

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8. Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hedge fund sentiment on Marsh & McLennan Companies, Inc. (NYSE:MMC): 34 hedge funds invested $1.09 billion

Annual dividend: $1.50

Stock price: $77.96

Dividend yield: 1.92%

7. Allstate Corp (NYSE:ALL)

Hedge fund sentiment on Allstate Corp (NYSE:ALL): 34 hedge funds invested $1.83 billion

Annual dividend: $1.48

Stock price: $89.12

Dividend yield: 1.66%

6. Willis Towers Watson PLC (NASDAQ:WLTW)

Hedge fund sentiment on Willis Towers Watson PLC (NASDAQ:WLTW): 35 hedge funds invested $3.05 billion

Annual dividend: $2.12

Stock price: $145.54

Dividend yield: 1.46%

5. Progressive Corp (NYSE:PGR)

Hedge fund sentiment on Progressive Corp (NYSE:PGR): 37 hedge funds invested $1.32 billion

Annual dividend: $0.68

Stock price: $44.60

Dividend yield: 1.53%

4. Voya Financial Inc (NYSE:VOYA)

Hedge fund sentiment on Voya Financial Inc (NYSE:VOYA): 38 hedge funds invested $1.26 billion

Annual dividend: $0.04

Stock price: $37.54

Dividend yield: 0.11%

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3. Hartford Financial Services Group Inc (NYSE:HIG)

Hedge fund sentiment on Hartford Financial Services Group Inc (NYSE:HIG): 43 hedge funds invested $1.65 billion

Annual dividend: $0.92

Stock price: $51.74

Dividend yield: 1.74%

2. Metlife Inc (NYSE:MET)

Hedge fund sentiment on Metlife Inc (NYSE:MET): 43 hedge funds invested $1.73 billion

Annual dividend: $1.60

Stock price: $56.20

Dividend yield: 2.85%

1. American International Group Inc (NYSE:AIG)

Hedge fund sentiment on American International Group Inc (NYSE:AIG): 61 hedge funds invested $6.02 billion

Annual dividend: $1.28

Stock price: $63.26

Dividend yield: 2.02%

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The support that AIG has from 61 hedge funds puts the insurance company on top of this list of the 76 best insurance dividend stocks to invest in.

Disclosure: None