Investors with an interest in Insurance - Property and Casualty stocks have likely encountered both Travelers (TRV Quick QuoteTRV - Free Report) and CCC Intelligent Solutions Holdings Inc. (CCCS Quick QuoteCCCS - 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 proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Currently, Travelers has a Zacks Rank of #2 (Buy), while CCC Intelligent Solutions Holdings Inc. has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that TRV likely has seen a stronger improvement to its earnings outlook than CCCS has recently. But this is just one factor that value investors are interested in.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their 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.

TRV currently has a forward P/E ratio of 13.86, while CCCS has a forward P/E of 30.96. We also note that TRV has a PEG ratio of 1.24. 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. CCCS currently has a PEG ratio of 2.84.

Another notable valuation metric for TRV is its P/B ratio of 2.11. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, CCCS has a P/B of 3.68.

These metrics, and several others, help TRV earn a Value grade of A, while CCCS has been given a Value grade of F.

TRV has seen stronger estimate revision activity and sports more attractive valuation metrics than CCCS, so it seems like value investors will conclude that TRV is the superior option right now.