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TMCNet: Fairfax Financial Holdings has the Highest Forward P/E Ratio in the Multi-line Insurance Industry (FRFHF, EIHI, HCC, L, AFG)

[March 15, 2013]

Fairfax Financial Holdings has the Highest Forward P/E Ratio in the Multi-line Insurance Industry (FRFHF, EIHI, HCC, L, AFG)

Mar 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Multi-line Insurance industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Fairfax Financial Holdings ranks highest with a a forward P/E ratio of 16.65. Eastern Insurance Holdings is next with a a forward P/E ratio of 12.76. HCC Insurance Holdings ranks third highest with a a forward P/E ratio of 11.45.
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Loews follows with a a forward P/E ratio of 11.06, and American Financial rounds out the top five with a a forward P/E ratio of 10.75.

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 17.2%. 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

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