Stocks have enjoyed an incredible run since the depths of the financial crisis, but, with the average S&P 500 company now sporting a P/E ratio of 24.8, valuations are beginning to look a bit stretched by historical standards. After all, the historical average P/E ratio for the S&P 500 is under 16.
With that in mind, here are three solid companies — AFLAC Incorporated (NYSE:AFL), Skyworks Solutions Inc (NASDAQ:SWKS), and Verizon Communications Inc. (NYSE:VZ) — with good business models and competitive advantages all for a P/E ratio under 14.
Most stocks look richly valued after an almost decade-long bull market, but find out why AFLAC, Skyworks Solutions, and Verizon Communications still represent a great value. Image source: Getty Images.
A quackin’ good value
Thanks to those beloved commercials featuring the Aflac Duck, most U.S. consumers know that Aflac is an insurer selling supplemental insurance policies for things such as workplace injuries and cancer. What many people might not know, however, is that Aflac makes about two-thirds of its money in Japan.
Top Insurance Stocks For 2019: 1st Source Corporation(SRCE)
- [By Max Byerly]
1st Source (NASDAQ:SRCE)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $56.13 and last traded at $55.94, with a volume of 100 shares changing hands. The stock had previously closed at $55.94.
- [By Max Byerly]
1st Source Co. (NASDAQ:SRCE) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.00.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on 1st Source (SRCE)
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Top Insurance Stocks For 2019: Penske Automotive Group, Inc.(PAG)
- [By Lisa Levin] Companies Reporting Before The Bell
Thermo Fisher Scientific Inc. (NYSE: TMO) is projected to report quarterly earnings at $2.4 per share on revenue of $5.63 billion.
Ford Motor Company (NYSE: F) is expected to report quarterly earnings at $0.41 per share on revenue of $37.16 billion.
Twitter, Inc. (NYSE: TWTR) is projected to report quarterly earnings at $0.11 per share on revenue of $605.26 million.
Comcast Corporation (NASDAQ: CMCSA) is expected to report quarterly earnings at $0.59 per share on revenue of $22.75 billion.
General Dynamics Corporation (NYSE: GD) is estimated to report quarterly earnings at $2.52 per share on revenue of $7.6 billion.
The Boeing Company (NYSE: BA) is expected to report quarterly earnings at $2.58 per share on revenue of $22.24 billion.
Anthem, Inc. (NYSE: ANTM) is estimated to report quarterly earnings at $4.91 per share on revenue of $22.52 billion.
Viacom, Inc. (NASDAQ: VIAB) is projected to report quarterly earnings at $0.79 per share on revenue of $3.04 billion.
Northrop Grumman Corporation (NYSE: NOC) is estimated to report quarterly earnings at $3.61 per share on revenue of $6.61 billion.
Rockwell Automation Inc. (NYSE: ROK) is expected to report quarterly earnings at $1.81 per share on revenue of $1.66 billion.
Wipro Limited (NYSE: WIT) is projected to report quarterly earnings at $0.07 per share on revenue of $2.15 billion.
The Goodyear Tire & Rubber Company (NASDAQ: GT) is expected to report quarterly earnings at $0.46 per share on revenue of $3.82 billion.
Owens Corning (NYSE: OC) is projected to report quarterly earnings at $0.97 per share on revenue of $1.62 billion.
T. Rowe Price Group, Inc. (NASDAQ: TROW) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.29 billion.
Dr Pepper Snapple Group, Inc. (NYSE: DPS) is expected to report quarterly earnings at $1.04 per share on revenue of $1.57 billion.
Sirius XM Holdings Inc. (NASDAQ: SI
- [By Shane Hupp]
Penske Automotive Group (NYSE: PAG) is one of 20 publicly-traded companies in the “Automotive dealers & gasoline service stations” industry, but how does it compare to its peers? We will compare Penske Automotive Group to similar companies based on the strength of its earnings, valuation, institutional ownership, dividends, analyst recommendations, risk and profitability.
- [By John Rosevear]
Daimler said that two companies that operate fleets of big trucks have signed up to participate in the pilot program for the two new electric trucks being developed by its Freightliner brand:
Penske Truck Leasing is a corporate sibling of Penske Automotive Group (NYSE:PAG) that leases and maintains over 240,000 trucks around the world. NFI Industries is a full-service logistics company, a freight hauler that operates a fleet of over 4,000 tractors and 8,700 trailers.
Daimler said that it will supply Penske and NFI with a test fleet of 30 prototype electric trucks before the end of the year. The two companies will evaluate the new Freightliners, working closely with Freightliner engineers to provide detailed feedback to help the company refine the trucks’ designs.
Top Insurance Stocks For 2019: Nuveen Select Tax Free Income Portfolio(NXP)
- [By Max Byerly]
Vivaldi Capital Management LLC increased its stake in Nuveen Select Tax-Free Income (NYSE:NXP) by 64.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,927 shares of the financial services provider’s stock after acquiring an additional 12,906 shares during the period. Vivaldi Capital Management LLC owned approximately 0.20% of Nuveen Select Tax-Free Income worth $462,000 as of its most recent SEC filing.