Investors interested in Insurance - Multi line stocks are likely familiar with M?nchener R?ckversicherungs-Gesellschaft (MURGY Quick QuoteMURGY - Free Report) and Zurich Insurance Group Ltd. (ZURVY Quick QuoteZURVY - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Right now, M?nchener R?ckversicherungs-Gesellschaft is sporting a Zacks Rank of #2 (Buy), while Zurich Insurance Group Ltd. has a Zacks Rank of #4 (Sell). Investors should feel comfortable knowing that MURGY likely has seen a stronger improvement to its earnings outlook than ZURVY has recently. However, value investors will care about much more than just this.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

MURGY currently has a forward P/E ratio of 10.32, while ZURVY has a forward P/E of 13.03. We also note that MURGY has a PEG ratio of 2.28. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ZURVY currently has a PEG ratio of 11.63.

Another notable valuation metric for MURGY is its P/B ratio of 1.97. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ZURVY has a P/B of 2.95.

These are just a few of the metrics contributing to MURGY's Value grade of B and ZURVY's Value grade of D.

MURGY is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that MURGY is likely the superior value option right now.