The Progressive Corporation (PGR) is slated to report first-quarter 2024 earnings on Apr 12 before the opening bell. The company’s earnings beat estimates in the last reported quarter.Factors to NoteA compelling product portfolio, leadership position, strength in the Vehicle and Property businesses, healthy policies in force and solid retention are likely to have aided net premiums earned. The Zacks Consensus Estimate for net premiums earned is pegged at $15.6 billion, suggesting growth of 15.5% from the ye ...

The upcoming report from Progressive (PGR) is expected to reveal quarterly earnings of $2.96 per share, indicating an increase of 355.4% compared to the year-ago period. Analysts forecast revenues of $16.5 billion, representing an increase of 16% year over year.The consensus EPS estimate for the quarter has been revised 4.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to ...

Progressive (PGR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 12, 2024, might help the stock move higher if these key numbers are better than expe ...

Insurance companies have benefitted immensely from higher interest rates over the last few years making their stocks pop as well. While there is still an abundance of opportunity among many insurance stocks, The Progressive Corporation (PGR)  and Palomar Holdings (PLMR)  are two that stand out.With Progressive and Palomar’s stock soaring over +30% this year, here is a look at why now is still a good time to buy.Image Source: Zacks Investment ResearchRising Earnings EstimatesNotably, Progressive and Palomar ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Progressive (PGR) . This company, which is in the Zacks Insurance - Property and Casualty industry, shows potential for another earnings beat.This insurer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarter ...

Shares of The Progressive Corporation (PGR) have rallied 29.1% year to date, outperforming 17%, 3.9% and 9.3% growth of the industry, the Finance sector and the Zacks S&P 500 composite, respectively. With a market capitalization of $120.5 billion, the average volume of shares traded in the last three months was 2.4 million.A compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and solid capital position continue to drive this largest se ...

The Progressive Corporation (PGR) reported earnings per share of $1.24 for February 2024, which jumped nearly five-fold year over year. The improvement stemmed from higher revenues, net realized gain on securities and investment income, partially offset by an increase in expenses.February Numbers in DetailProgressive recorded net premiums written of $5.7 billion, down 5.5% from $6 billion reported in the year-ago month. Net premiums earned were about $5.1 billion, up 23.1% from $4.1 billion reported in the ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Fed Chief Jerome Powell testified before the House Financial Services Committee Wednesday morning, telling lawmakers that interest rate cuts are likely “at some point” this year. But Powell also reiterated the Fed’s cautious, data-dependent stance as the central bank assesses how the inflation picture evolves in the coming months.The committee “does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably” downward to the F ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of The Progressive Corporation (Progressive) (Mayfield Village, OH) [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of Progressive, the parent holding company, and all of the Long-Term Issue Credit Ratings (Long-Term IR) of Progressive’s senior unsecured issuances. Concurrently, ...