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Here's Why Progressive (PGR) Gained But Lagged the Market Today
ZACKS· 2024-12-20 23:51
Progressive (PGR) closed at $239.97 in the latest trading session, marking a +0.11% move from the prior day. The stock lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow experienced a rise of 1.18%, and the technology-dominated Nasdaq saw an increase of 1.03%.Heading into today, shares of the insurer had lost 9.01% over the past month, lagging the Finance sector's loss of 4.2% and the S&P 500's loss of 0.71% in that time.Market participants will be closely following the financial results of Progre ...
PGR's November Earnings Improve: Should You Buy or Hold the Stock?
ZACKS· 2024-12-16 17:35
The Progressive Corporation (PGR) reported solid November 2024 results, wherein both the top and the bottom lines increased year over year. Net premiums written improved 18%, driven by the strong performance of operating businesses.Combined ratio — the percentage of premiums paid out as claims and expenses —  improved 550 basis points (bps) from the prior-year quarter’s level to 85.6.PGR is one of the country’s largest auto insurance groups, the largest seller of motorcycle and boat policies, the market lea ...
Progressive Reports November 2024 Results
Newsfilter· 2024-12-13 13:31
MAYFIELD VILLAGE, OHIO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended November 30, 2024:  November(millions, except per share amounts and ratios; unaudited) 2024  2023 ChangeNet premiums written$5,563.3 $4,725.1 18 %Net premiums earned$6,040.4 $5,079.0 19 %Net income$1,005.8 $680.6 48 %Per share available to common shareholders$1.71 $1.15 48 %Total pretax net realized gains (losses) on securities$175.7 $246.5 (29)%Combined r ...
Progressive: Superior Fundamentals Seem To Be Priced In
Seeking Alpha· 2024-12-12 16:08
The insurance industry is rather mature, and growth prospects aren't particularly impressive over the long term, but that doesn't mean that all insurance companies have the same profile. A great growth company in the industry is The ProgressiveLabutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associa ...
Auto Insurer Progressive Held Up In Traffic As Valuation Puts Brakes On Rating
Seeking Alpha· 2024-12-02 05:34
The Future Investor with Albert Anthony is a new series of curated research articles on the Seeking Alpha platform, focusing on growing a diversified portfolio and unlocking future drivers of performance.Albert Anthony is the pen name of a contributing analyst who has covered over +200 stocks on this platform since 2023, growing to over 1.07K followers. Based on this new article series, he is also working on a new book on Amazon to be called The Future Investor: Growing a Diversified Portfolio (2025 edition ...
Progressive (PGR) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-11-29 23:51
The most recent trading session ended with Progressive (PGR) standing at $268.88, reflecting a +0.76% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.56%. Meanwhile, the Dow gained 0.42%, and the Nasdaq, a tech-heavy index, added 0.83%.The insurer's shares have seen an increase of 9.9% over the last month, surpassing the Finance sector's gain of 4.42% and the S&P 500's gain of 3.11%.The upcoming earnings release of Progressive will be of great interest to inv ...
The Zacks Analyst Blog Berkshire, The Progressive and The Allstate
ZACKS· 2024-11-25 07:22
For Immediate Releases Chicago, IL – November 25, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Berkshire Hathaway Inc.'s (BRK.B) , The Progressive Corp. (PGR) and The Allstate Corp. (ALL) . Here are highlights from Monday's Analyst Blog: Berkshire Hathaway Trades at a Premium: How to Play It Berks ...
Here's Why Progressive (PGR) is a Strong Value Stock
ZACKS· 2024-11-20 15:45
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Sco ...
Progressive's October Earnings Rise: Here's How to Play the Stock
ZACKS· 2024-11-19 15:35
The Progressive Corporation (PGR) reported solid October 2024 results, wherein both the top line and the bottom lines increased year over year. Net premiums written improved 19%, driven by the strong performance of operating businesses. Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 240 basis points (bps) from the prior-year quarter’s level to 94.1.PGR is one of the country’s largest auto insurance groups, the largest seller of motorcycle and boat policies, the ma ...
Progressive Reports October 2024 Results
GlobeNewswire News Room· 2024-11-15 13:07
MAYFIELD VILLAGE, OHIO, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended October 31, 2024: | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------|----------------|-------|-----------|-------|--------| | (millions, except per share amounts and ratios; unaudited) | October \n2024 | | 2023 | | Change | | Net premiums written | $ 6,577.8 | $ | 5,528.8 | 19 | % | | Net premiums earned | $ ...