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NEW YORK ( TheStreet) -- Progressive Corporation (NYSE: PGR) hit a new 52-week high Tuesday as it is currently trading at $22.15, above its previous 52-week high of $22.08 with 1.1 million shares traded as of 10:05 a.m. ET. Average volume has been 5.3 million shares over the past 30 days. Progressive has a market cap of $12.62 billion and is part of the financial sector and insurance industry. Shares are up 12% year to date as of the close of trading on Monday. The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. The company has a P/E ratio of 13.6, above the average insurance industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7.