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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Progressive Corporation (NYSE: PGR) hit a new 52-week high Friday as it is currently trading at $23.44, above its previous 52-week high of $23.41 with 4.2 million shares traded as of 4 p.m. ET. Average volume has been 5.6 million shares over the past 30 days. Progressive has a market cap of $14.01 billion and is part of the financial sector and insurance industry. Shares are up 9.8% year to date as of the close of trading on Thursday. 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 15.6, below the S&P 500 P/E ratio of 17.7.