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eHealth has the Highest P/E Ratio in the Insurance Brokers Industry (EHTH, BRO, AJG, AON, MMC)
Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Insurance Brokers 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.eHealth ranks highest with a a P/E ratio of 66.47. Brown & Brown is next with a a P/E ratio of 21.60. Arthur J Gallagher ranks third highest with a a P/E ratio of 20.65.
AON follows with a a P/E ratio of 17.75, and Marsh & McLennan rounds out the top five with a a P/E ratio of 16.92.
SmarTrend recommended that subscribers consider buying shares of Marsh & McLennan on July 2nd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $32.45. Since that recommendation, shares of Marsh & McLennan have risen 7.5%. We continue to monitor Marsh & McLennan for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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UPDATED 12:09 PM EST - May 18, 2013
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