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Citizens has the Highest Forward P/E Ratio in the Life & Health Insurance Industry (CIA, PNX, CNO, FFG, TMK)
Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Life & Health 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.Citizens ranks highest with a a forward P/E ratio of 48.53. Following is Phoenix with a a forward P/E ratio of 47.33. CNO Financial ranks third highest with a a forward P/E ratio of 10.61.
FBL Financial Group follows with a a forward P/E ratio of 9.34, and Torchmark rounds out the top five with a a forward P/E ratio of 8.65.
SmarTrend is monitoring the recent change of momentum in FBL Financial Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of FBL Financial Group in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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