Insurance & Technology News
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Relatively High Forward P/E Ratio Detected in Shares of eHealth in the Insurance Brokers Industry (EHTH, BRO, AJG, MMC, WSH)
Mar 15, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Insurance Brokers 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.eHealth ranks highest with a a forward P/E ratio of 25.06. Following is Brown & Brown with a a forward P/E ratio of 18.08. Arthur J Gallagher ranks third highest with a a forward P/E ratio of 16.03.
Marsh & McLennan follows with a a forward P/E ratio of 13.91, and Willis Group rounds out the top five with a a forward P/E ratio of 12.80.
SmarTrend recommended that subscribers consider buying shares of Willis Group on February 1st, 2013 as our technology indicated a new Uptrend was in progress when shares hit $36.23. Since that recommendation, shares of Willis Group have risen 4.3%. We continue to monitor Willis Group 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 12:34 AM EST - May 20, 2013
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