The Progressive Corporation (PGR): A Bull Case Theory 

We came across a bullish thesis on The Progressive Corporation on Value investing subreddit by OnTheStreetwithLou. In this article, we will summarize the bulls’ thesis on PGR. The Progressive Corporation's share was trading at $228.76 as of December 2nd. PGR’s trailing and forward P/E were 12.50 and 14.24 respectively according to Yahoo Finance.

The Progressive Corporation operates as an insurance company in the United States. PGR presents an intriguing value opportunity despite being down over 7% year-to-date, even as U.S. equities broadly perform well. The company...