Zacks Investment Research identifies Chubb Limited and Selective Insurance Group as potentially undervalued value stocks, both carrying a Zacks Rank #2 (Buy) and an A for Value. Chubb Limited trades at a forward P/E of 11.27, well below the insurance-property and casualty industry average of 26.89, and its PEG ratio stands at 2.74 versus the industry's 4.87. Selective Insurance Group holds a forward P/E of 9.89 and a PEG of 0.83, also significantly lower than the industry averages of 26.89 and 4.87 respectively. Over the past year, Chubb's forward P/E ranged from 11.11 to 13.75, while Selective's forward P/E ranged from 9.60 to 25.81. These valuation metrics, combined with positive earnings outlooks, suggest both stocks are attractive value opportunities.
Chubb LtdZacks rates Chubb as undervalued with a forward P/E of 11.27 vs industry 26.89, and a Zacks Rank #2 (Buy).
Selective Insurance Group, Inc.Zacks rates Selective Insurance as undervalued with a forward P/E of 9.89 vs industry 26.89, and a Zacks Rank #2 (Buy).