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Alleghany Corp is Among the Companies in the Reinsurance Industry With the Highest Forward P/E Ratio (Y, RNR, RGA, RE, TPRE)

By Nick Russo

Below are the three companies in the Reinsurance 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.

Alleghany Corp ranks highest with a a forward P/E ratio of 20.67. Following is Renaissancere with a a forward P/E ratio of 16.80. Reinsurance Grou ranks third highest with a a forward P/E ratio of 10.66.

Everest Re Group follows with a a forward P/E ratio of 10.41, and Third Point Rein rounds out the top five with a a forward P/E ratio of 4.24.

SmarTrend recommended that its subscribers protect gains by selling shares of Third Point Rein on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $10.50. Since that call, shares of Third Point Rein have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest forward p/e ratio alleghany corp renaissancere reinsurance grou everest re group third point rein

Ticker(s): Y RNR RGA RE TPRE