Thing with property and casuality insurers though is the pe going up is no surprise all pe across the broader markets have gone up. Why? A less then 2.3% yield on the treasury, hence pe should go up, assuming earnings are growing which they are.
I do not like the book arguement on any stock. As I add that as a plus, but I never value any company on book value. It is such a dumb way to value a stock. So If the company is losing money but book value is 10x times the price, doesn't mean it is undervalued. I like book value when a company's doing well, and that is and added bonus toi say the company is worth more dead then alive, but it is a really bad way to value a company in my opinion when cash flow, growth and earnings are what really matters, as long as the balance sheet isn't in shambles.
UVE has brought back shares, and they are reporting waaaaaaaaaaaaaaaaaaaaaay earlier then normal. They also said in the june 2nd pr that they have achieved significant cost saving on there reinsurance program, I expect to see really solid numbers of .45-.55, and I expect each quarters earnings to rise from here up till q2, as I believe they are starting to grow policies right now. All is just my opinion, and I could always be wrong though.
