The Progressive Corporation (PGR) Soars to 52-Week High, Time to Cash Out?

Company Performance - Progressive's stock has increased by 12.7% over the past month and reached a new 52-week high of $270.79 [1] - Year-to-date, the stock has gained 12.5%, outperforming the Zacks Finance sector's 6.4% and the Zacks Insurance - Property and Casualty industry's 5.5% [1] Earnings and Revenue Expectations - For the current fiscal year, Progressive is projected to report earnings of$ 14.51 per share on revenues of $87.39 billion, reflecting a 3.27% increase in EPS and a 16.36% increase in revenues [3] - For the next fiscal year, earnings are expected to rise to$ 15.38 per share on $96.38 billion in revenues, indicating year-over-year changes of 6.05% and 10.28%, respectively [3] Valuation Metrics - Progressive has a Value Score of B, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A [6] - The stock trades at 18.6 times the current fiscal year EPS estimates, which is a premium compared to the peer industry average of 11 times [7] - On a trailing cash flow basis, the stock trades at 39.8 times versus the peer group's average of 11.5 times, with a PEG ratio of 0.68 [7] Zacks Rank - Progressive holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, indicating potential for further stock price appreciation [8] Industry Comparison - The Insurance - Property and Casualty industry is performing well, ranking in the top 26% of all industries, providing favorable conditions for both Progressive and its peer, Palomar Holdings, Inc. [11]