The Progressive Corp: Leading Auto Insurer Crashes On Low Dividends And Overvaluation

Summary

The Progressive Corporation is rated as a Hold/Neutral.
PGR’s negatives include being overvalued on P/E and P/B ratios and having a dividend yield below 1%, uncompetitive compared to its insurance peers.
Its strengths are capital & liquidity health, revenue & geographic diversification, and an asset portfolio benefiting from interest income.

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