An Undervalued Insurance Stock for 2011

(TheStreet)--The HartfordHIG, a besmirched insurer that accepted TARP money, has become an attractive investment. Its stock ranks fifth-cheapest among S&P 500 components, based on forward earnings. Analysts offer a middling view, with eight rating it "buy," 11 rating it "hold" and one ranking it "sell." Yet, The Hartford's value is compelling. The stock has risen 11% in 2010, in accordance with the average large-cap. Its trailing earnings multiple of 11, forward earnings multiple of 7, book value multiple of 0.5 and cash flow multiple of 4.5 reflect discounts of 50%, 51%, 85% and 69% to insurance peer averages. Read the rest here.