From our watch list dated February 28, 2014, we have the following performance of the listed stocks:
|BRO||Brown & Brown||30.1||31.48||4.58%|
|XL||XL Group plc||30.4||34.28||12.76%|
The average gain for the listed stocks was +10.38% as compared to the iShares U.S. Insurance ETF (IAK) which gained +4.25% over the same period of time (February 28, 2014 to February 21, 2016). Although we use IAK as a benchmark for performance, it should be noted that companies like WSH [now Willis Tower Watson (WLTW) after the merger in 2015], XL and AXS are not U.S. based insurance companies. The stock of interest at the time was Brown & Brown (BRO) which increased +4.58%.
Insurance Watch List
|symbol||name||price||p/e||eps||div||yield||p/b||% from yr low|
|CNA||CNA Financial Corporation||28.21||15.94||1.77||1||3.2||0.65||0.14%|
|AFSI||AmTrust Fin. Services, Inc.||25.06||8.95||2.8||0.6||2.36||1.96||3.55%|
|ZFSVF||Zurich Insurance Group AG||215.51||10.51||20.5||0||0||1.02||5.46%|
|BRK-A||Berkshire Hathaway Inc.||197,310.23||14.24||13,852.27||-||-||1.3||5.57%|
Below is a snapshot of the analysts low estimated earnings assuming a price-to-earnings ratio of 15 for the remainder of 2016 and the percentage change in price that is implied based on these estimates.