Relatively High Price to Forward Sales Detected in Shares of Erie Indemnity in the Property & Casualty Insurance Industry (ERIE, RLI, AGO, PRA, MBI)
Below are the three companies in the Property & Casualty Insurance industry with the highest price to forward sales ratios. The ratio shows how much Wall Street values every dollar of the company's future sales and is useful in comparing comparable companies. Generally the lower the ratio, the more attractive the investment.
Erie Indemnity ranks highest with a a price to forward sales ratio of 179.31. Following is RLI with a a price to forward sales ratio of 3.83. Assured Guaranty ranks third highest with a a price to forward sales ratio of 3.49.
ProAssurance follows with a a price to forward sales ratio of 3.26, and MBIA rounds out the top five with a a price to forward sales ratio of 3.13.
SmarTrend recommended that subscribers consider buying shares of MBIA on July 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $7.52. Since that recommendation, shares of MBIA have risen 12.2%. We continue to monitor MBIA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest price to forward sales erie indemnity assured guaranty proassurance mbia