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TMCNet: Highest Forward P/E Ratio in the Property & Casualty Insurance Industry Detected in Shares of Old Republic International (ORI, CINF, WTM, EIG, ERIE)

[March 15, 2013]

Highest Forward P/E Ratio in the Property & Casualty Insurance Industry Detected in Shares of Old Republic International (ORI, CINF, WTM, EIG, ERIE)

Mar 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Property & Casualty 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.Old Republic International ranks highest with a a forward P/E ratio of 25.04. Following is Cincinnati Financial with a a forward P/E ratio of 23.62. White Mountains Insurance ranks third highest with a a forward P/E ratio of 23.19.
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Employers Holdings follows with a a forward P/E ratio of 22.91, and Erie Indemnity rounds out the top five with a a forward P/E ratio of 21.07.

SmarTrend recommended that subscribers consider buying shares of Old Republic International on August 20th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $9.21. Since that recommendation, shares of Old Republic International have risen 34.8%. We continue to monitor Old Republic International 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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