The S & P 500 has been notching fresh highs as of late, but investors with a keen eye may find stocks that are reasonably priced and beating the market. The broad market index reached an intraday all-time high last week and closed at a fresh record Monday. The benchmark is currently flexing a last 12 month price-earnings ratio of roughly 25 times, according to FactSet data. But some stocks are offering solid performance at a lower valuation compared to the S & P 500.
Pro screened for names that are half as cheap compared to the index, meeting the following criteria: Their last 12 months price-earnings ratio is less than half of the S & P 500's P/E They have outperformed the S & P 500 in 2024 They are also less volatile than the broader market with a beta below 1 Readers can add and customize this screen using the
Pro Stock Screener Tool here . Insurance firm Chubb made the list. Shares climbed more than 18% in 2024 through Monday's close, compared to the S & P 500's 13% gain. The stock currently maintains a TTM P/E of 11.8. The company grabbed headlines last month after it was revealed as the "secret stock" that Warren Buffett's Berkshire Hathaway had been quietly accumulating.
mountain Arch Capital stock has added more than 35% in 2024. Earlier this month, Bank of America's Shanker reiterated a buy rating on the stock, hiking his price target by $10 to $119. That suggests roughly 18% upside from Monday's close. The analyst said that the company has an "excellent track record in industry defying performance.
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