We're taking a closer look at Progressive today, as the chatter surrounding the stock has increased notably in the last few weeks. Today, its shares moved -4.7% compared to 1.0% for the S&P 500. Increased investor interest and volatility surrounding the stock are not reason enough to buy in -- you should first perform your own due diligence. Here are some figures that can get you started:
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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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Progressive has moved 25.8% over the last year compared to 20.8% for the S&P 500 -- a difference of 4.9%
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PGR has an average analyst rating of buy and is -9.96% away from its mean target price of $169.93 per share
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Its trailing 12 month earnings per share (EPS) is $4.61
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Progressive has a trailing 12 month Price to Earnings (P/E) ratio of 33.2 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $8.01 and its forward P/E ratio is 19.1
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PGR has a Price to Earnings Growth (PEG) ratio of 1.16, which shows the company is fairly valued compared to its earnings.
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The company has a Price to Book (P/B) ratio of 5.3 in contrast to the S&P 500's average ratio of 2.95
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Progressive is part of the Finance sector, which has an average P/E ratio of 12.38 and an average P/B of 1.58
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Progressive has on average reported free cash flows of $6.93 Billion over the last four years, during which time they have grown by an an average of 5.4%