Insurance Technology

Insurance & Technology News
Share

TMCNet: Relatively High P/E Ratio Detected in Shares of Eastern Insurance Holdings in the Multi-line Insurance Industry (EIHI, L, ANAT, GNW, AFG)

[January 10, 2013]

Relatively High P/E Ratio Detected in Shares of Eastern Insurance Holdings in the Multi-line Insurance Industry (EIHI, L, ANAT, GNW, AFG)

Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Multi-line Insurance industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Eastern Insurance Holdings ranks highest with a a P/E ratio of 14.94. Loews is next with a a P/E ratio of 14.42. American National Insurance ranks third highest with a a P/E ratio of 13.16.
Story continues below ↓

Genworth Financial follows with a a P/E ratio of 12.72, and American Financial rounds out the top five with a a P/E ratio of 11.27.

SmarTrend recommended that subscribers consider buying shares of American Financial on November 29th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $39.29. Since that recommendation, shares of American Financial have risen 3.2%. We continue to monitor American Financial for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Insurance Technology's Homepage ]




Featured Editorial