Looking for Value? Why It Might Be Time to Try Progressive Corp. (PGR) – Tale of the Tape

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Progressive Corp. (PGR).

Progressive Corp. in Focus

PGR may be an interesting play thanks to its forward PE of 15, its P/S ratio of 0.8, and its decent dividend yield of 1.98%. These factors suggest that Progressive Corp. is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that PGR has decent revenue metrics to back up its earnings.

But before you think that Progressive Corp. is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.8% in the past 30 days, thanks to 7 upward revisions in the past one month compared to none lower.

This estimate strength is actually enough to push PGR to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, Progressive Corp. is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.

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