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Relatively High Forward P/E Ratio Detected in Shares of Alleghany Corp in the Reinsurance Industry (Y, RNR, ENH, RE, VR)

By David Diaz

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 18.79. Renaissancere is next with a a forward P/E ratio of 14.23. Endurance Specia ranks third highest with a a forward P/E ratio of 13.94.

Everest Re Group follows with a a forward P/E ratio of 12.89, and Validus Holdings rounds out the top five with a a forward P/E ratio of 12.35.

SmarTrend recommended that its subscribers protect gains by selling shares of Validus Holdings on March 27th, 2017 by issuing a Downtrend alert when the shares were trading at $55.42. Since that call, shares of Validus Holdings have fallen 6.1%. 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 endurance specia everest re group Validus Holdings

Ticker(s): Y RNR ENH RE VR