(VIANEWS) – Shares of Progressive Corporation (NYSE: PGR) fell by a staggering 12.16% to $116.04 at 11:47 EST on Thursday, following the last session’s downward trend. NYSE is rising 0.47% to $16,086.56, after four sequential sessions in a row of gains. This seems, so far, a somewhat up trend exchanging session today.
Progressive Corporation’s last close was $132.11, 11.85% below its 52-week high of $149.87.
About Progressive Corporation
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.
Earnings Per Share
As for profitability, Progressive Corporation has a trailing twelve months EPS of $1.4.
PE Ratio
Progressive Corporation has a trailing twelve months price to earnings ratio of 82.89. Meaning, the purchaser of the share is investing $82.89 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 5.04%.
Moving Average
Progressive Corporation’s value is way under its 50-day moving average of $131.48 and way below its 200-day moving average of $132.26.
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