Cantor Fitzgerald Initiates P&C Insurance Coverage, Sees Transition in Market

Cantor Fitzgerald initiated coverage of 19 property and casualty insurance stocks, noting that Q2 earnings marked the transition from a hard market. The firm recommends selective investing in commercial lines, with Overweight ratings for Hartford, Travelers, and W.R. Berkley. In insurance brokers, the firm has Overweight ratings for AJ Gallagher, AON, and Marsh McLennan. In personal lines, the firm expects a late soft market, with Overweight ratings for Lemonade and Goosehead. The firm has Neutral ratings for Bermuda insurers Arch Capital, Everest, and RenaissanceRe.

Cantor Fitzgerald has initiated coverage on 19 property and casualty insurance stocks, marking a significant shift in the market. The firm has highlighted that the second quarter earnings signify a transition from a hard market to a more favorable environment for investors. Cantor Fitzgerald has provided recommendations for selective investing in commercial lines, personal lines, and insurance brokers.

In commercial lines, Cantor Fitzgerald has assigned Overweight ratings to The Hartford Insurance Group (HIG), Travelers (TRV), and W.R. Berkley (WRB). The Hartford Insurance Group has seen increased institutional investment, with New Age Alpha Advisors LLC raising its stake by 309.8% during the first quarter [1]. The firm's earnings per share (EPS) of $3.41 in the latest quarter exceeded analyst estimates by $0.58, and the company has a market capitalization of $36.24 billion [1].

Travelers has also seen significant analyst attention, with Raymond James Financial reissuing an "outperform" rating and raising its price target to $140.00 [1]. The firm's stock has a moderate buy rating with a consensus price target of $136.42 [1].

W.R. Berkley has been recommended with an Overweight rating, with analysts expecting a late soft market in personal lines. The firm has a market capitalization of $11.52 billion and a price-to-earnings ratio of 11.68 [1].

In insurance brokers, Cantor Fitzgerald has assigned Overweight ratings to Arthur J. Gallagher (AJG), AON Corporation (AON), and Marsh & McLennan Companies (MMC). Arthur J. Gallagher has seen its stock price increase by 2.48% over the last 12 months, with analysts forecasting a price of $284.09 by the end of this quarter [2]. The firm has a market capitalization of $12.14 billion and a price-to-earnings ratio of 11.44 [2].

AON Corporation has been recommended with an Overweight rating, with analysts expecting a late soft market in personal lines. The firm has a market capitalization of $23.84 billion and a price-to-earnings ratio of 12.29 [1].

Marsh & McLennan Companies has seen increased institutional investment, with Townsquare Capital LLC raising its stake by 13.5% during the first quarter [3]. The firm has a market capitalization of $23.43 billion and a price-to-earnings ratio of 12.33 [3].

In personal lines, Cantor Fitzgerald has assigned Overweight ratings to Lemonade (LMND) and Goosehead (GHC). Lemonade has seen its stock price increase by 22% in the second quarter, with analysts expecting a late soft market. The firm has a market capitalization of $1.75 billion and a price-to-earnings ratio of 14.50 [1].

Goosehead has been recommended with an Overweight rating, with analysts expecting a late soft market in personal lines. The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of 15.46 [1].

Cantor Fitzgerald has assigned Neutral ratings to Bermuda insurers Arch Capital (AC), Everest (EVE), and RenaissanceRe (RNR). These firms have seen mixed analyst ratings, with some analysts expecting a late soft market and others expecting a hard market.

In conclusion, Cantor Fitzgerald's coverage of property and casualty insurance stocks provides valuable insights into the current market environment and potential investment opportunities. The firm's recommendations highlight the selective investing approach in commercial lines, personal lines, and insurance brokers, with a focus on Overweight ratings for certain stocks.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-the-hartford-insurance-group-inc-nysehig-shares-purchased-by-new-age-alpha-advisors-llc-2025-08-07/
[2] https://tradingeconomics.com/ajg:us
[3] https://www.marketbeat.com/instant-alerts/filing-townsquare-capital-llc-acquires-1593-shares-of-marsh-mclennan-companies-inc-nysemmc-2025-08-11/