Top 10 Insurance Stocks with Highest Upside: ING, KFS, PNX, ORI, AGO, RDN, AEL, HIG, HCII, ESGR (Jan 14, 2012)

Below are the top 10 Insurance stocks with highest upside potential, based on the difference between current price and Wall Street analysts' average target price.

ING Groep N.V. (ADR) (NYSE:ING) has the 1st highest upside potential in this segment of the market. Its upside is 179.6%. Its consensus target price is $21.42 based on the average of all estimates. Kingsway Financial Services Inc. (USA) (NYSE:KFS) has the 2nd highest upside potential in this segment of the market. Its upside is 172.7%. Its consensus target price is $1.50 based on the average of all estimates. The Phoenix Companies, Inc. (NYSE:PNX) has the 3rd highest upside potential in this segment of the market. Its upside is 117.4%. Its consensus target price is $4.00 based on the average of all estimates. Old Republic International Corporation (NYSE:ORI) has the 4th highest upside potential in this segment of the market. Its upside is 88.3%. Its consensus target price is $17.00 based on the average of all estimates. Assured Guaranty Ltd. (NYSE:AGO) has the 5th highest upside potential in this segment of the market. Its upside is 69.9%. Its consensus target price is $27.00 based on the average of all estimates.

Radian Group Inc. (NYSE:RDN) has the 6th highest upside potential in this segment of the market. Its upside is 67.2%. Its consensus target price is $5.00 based on the average of all estimates. American Equity Investment Life Holding (NYSE:AEL) has the 7th highest upside potential in this segment of the market. Its upside is 44.6%. Its consensus target price is $15.00 based on the average of all estimates. Hartford Financial Services (NYSE:HIG) has the 8th highest upside potential in this segment of the market. Its upside is 41.5%. Its consensus target price is $25.21 based on the average of all estimates. Homeowners Choice, Inc. (NASDAQ:HCII) has the 9th highest upside potential in this segment of the market. Its upside is 40.5%. Its consensus target price is $11.78 based on the average of all estimates. Enstar Group Ltd. (NASDAQ:ESGR) has the 10th highest upside potential in this segment of the market. Its upside is 39.3%. Its consensus target price is $135.00 based on the average of all estimates.