Progressive logged a -3.1% change during today's afternoon session, and is now trading at a price of $127.66 per share. The S&P 500 index moved 0.0%. PGR's trading volume is 1,499,700 compared to the stock's average volume of 2,953,387.
Progressive trades -14.37% away from its average analyst target price of $149.07 per share. The 14 analysts following the stock have set target prices ranging from $123.0 to $198.0, and on average have given Progressive a rating of hold.
Anyone interested in buying PGR should be aware of the facts below:
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Progressive's current price is 110.2% above its Graham number of $60.73, which implies that at its current valuation it does not offer a margin of safety
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Progressive has moved 17.0% over the last year, and the S&P 500 logged a change of 15.3%
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Based on its trailing earnings per share of 1.41, Progressive has a trailing 12 month Price to Earnings (P/E) ratio of 90.5 while the S&P 500 average is 15.97
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PGR has a forward P/E ratio of 16.2 based on its forward 12 month price to earnings (EPS) of $7.88 per share
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The company has a price to earnings growth (PEG) ratio of 1.0 — a number near or below 1 signifying that Progressive is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 4.56 compared to its sector average of 1.57
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The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States.
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Based in Mayfield, the company has 55,100 full time employees and a market cap of $74.72 Billion. Progressive currently returns an annual dividend yield of 0.3%.