Despite the market's strong run-up in recent months, companies in the financial sector still trade at low multiples. In today's video, Paul and Matt discuss insurers, which have been hurt by low interest rates and a soft pricing environment. Combined, these factors have caused insurers to post below-average returns on equity -- and suffer from low valuations.
One of these companies is CNA Financial, which is in the midst of improving its property and casualty insurance operations. Watch the following video to see why Paul and Matt believe CNA might be a value play.
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