Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either Hanover Insurance Group (THG Quick QuoteTHG - Free Report) or CCC Intelligent Solutions Holdings Inc. (CCCS Quick QuoteCCCS - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Hanover Insurance Group and CCC Intelligent Solutions Holdings Inc. are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. This means that THG's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies 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.

THG currently has a forward P/E ratio of 13.80, while CCCS has a forward P/E of 27.43. We also note that THG has a PEG ratio of 0.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CCCS currently has a PEG ratio of 0.96.

Another notable valuation metric for THG is its P/B ratio of 1.83. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, CCCS has a P/B of 3.07.

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

THG 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 THG is likely the superior value option right now.