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PGR vs. KNSL: Which Stock Is the Better Value Option?
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Investors interested in Insurance - Property and Casualty stocks are likely familiar with Progressive (PGR - Free Report) and Kinsale Capital Group, Inc. (KNSL - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Right now, both Progressive and Kinsale Capital Group, Inc. are sporting a Zacks Rank of #2 (Buy). Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
PGR currently has a forward P/E ratio of 13.09, while KNSL has a forward P/E of 23.47. We also note that PGR has a PEG ratio of 1.34. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. KNSL currently has a PEG ratio of 1.58.
Another notable valuation metric for PGR is its P/B ratio of 4.32. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, KNSL has a P/B of 5.81.
Based on these metrics and many more, PGR holds a Value grade of B, while KNSL has a Value grade of D.
Both PGR and KNSL are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that PGR is the superior value option right now.
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PGR vs. KNSL: Which Stock Is the Better Value Option?
Investors interested in Insurance - Property and Casualty stocks are likely familiar with Progressive (PGR - Free Report) and Kinsale Capital Group, Inc. (KNSL - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Right now, both Progressive and Kinsale Capital Group, Inc. are sporting a Zacks Rank of #2 (Buy). Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. But this is just one factor that value investors are interested in.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
PGR currently has a forward P/E ratio of 13.09, while KNSL has a forward P/E of 23.47. We also note that PGR has a PEG ratio of 1.34. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. KNSL currently has a PEG ratio of 1.58.
Another notable valuation metric for PGR is its P/B ratio of 4.32. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, KNSL has a P/B of 5.81.
Based on these metrics and many more, PGR holds a Value grade of B, while KNSL has a Value grade of D.
Both PGR and KNSL are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that PGR is the superior value option right now.