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The Progressive Corporation is currently in a long term uptrend where the price is trading 6.8% above its 200 day moving average.
From a valuation standpoint, the stock is 97.1% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 1.3.
The Progressive Corporation's total revenue rose by 6.3% to $11B since the same quarter in the previous year.
Its net income has increased by 57.3% to $2B since the same quarter in the previous year.
Finally, its free cash flow grew by 43.4% to $2B since the same quarter in the previous year.
Based on the above factors, The Progressive Corporation gets an overall score of 5/5.
Industry | Insurance-Property & Casualty |
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Sector | Financial Services |
ISIN | US7433151039 |
CurrencyCode | EUR |
Exchange | F |
Target Price | 97.08 |
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PE Ratio | 126.73 |
Dividend Yield | 0.3% |
Beta | 0.49 |
Market Cap | 80B |
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. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; and acts as an agent to homeowners, general liability, workers' compensation insurance, and other products. It also provides reinsurance services. The company sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.
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