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Progressive: Innovation Prioritization And Continued Steady Growth Make It A Buy
Seeking Alpha· 2024-06-29 11:24
eyecrave productions Co-Authored by Matthew Shen Investment Thesis Among the Property & Casualty Insurance industry, Progressive (NYSE:PGR) is a standout investment. This is due to their dominant position in an economically resilient industry, their company culture that cultivates innovation, and their widely successful marketing campaigns. This paper will explore the above reasons, along with a discussion on why the Insurance industry as a whole is undervalued, a discussion of risks regarding severe we ...
Should You Retain Progressive (PGR) Stock in Your Portfolio?
ZACKS· 2024-06-27 14:45
The Progressive Corporation (PGR) has been gaining momentum over the past many quarters on the back of a compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and a solid capital position.Growth ProjectionsThe Zacks Consensus Estimate for Progressive’s 2024 earnings per share indicates a year-over-year increase of 85.6%. The consensus estimate for revenues is pegged at $73.09 billion, implying a year-over-year improvement of 18.3%.The co ...
Progressive (PGR) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-06-24 22:55
Progressive (PGR) ended the recent trading session at $210.68, demonstrating a +0.71% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%.Shares of the insurer witnessed a gain of 2.59% over the previous month, beating the performance of the Finance sector with its loss of 1.77% and underperforming the S&P 500's gain of 2.73%.The investment community will be closely m ...
Progressive (PGR) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-06-18 22:55
In the latest market close, Progressive (PGR) reached $210.75, with a +1.21% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.25%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%.Heading into today, shares of the insurer had gained 0.61% over the past month, outpacing the Finance sector's loss of 2.3% and lagging the S&P 500's gain of 3.34% in that time.The investment community will be paying close attention to the ...
Progressive's (PGR) May Earnings Rise on Higher Revenues
ZACKS· 2024-06-17 17:15
The Progressive Corporation (PGR) reported earnings per share of 72 cents for May 2024, up 122.2% year over year. The improvement stemmed from higher revenues.May Numbers in DetailProgressive recorded net premiums written of $6.2 billion, up 38.3% from $6 billion in the year-ago month. Net premiums earned were about $5.9 billion, up 30.8% from $5.5 billion reported in the year-ago month.Net realized income on securities was $177.6 million against the year-ago loss of $35.3 million.Combined ratio — the perce ...
Here's Why Progressive (PGR) is a Strong Growth Stock
ZACKS· 2024-06-14 14:45
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 popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The ...
Progressive Reports May 2024 Results
Newsfilter· 2024-06-14 12:16
MAYFIELD VILLAGE, OHIO, June 14, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended May 31, 2024:  May(millions, except per share amounts and ratios; unaudited) 2024Net premiums written$5,975.1Net premiums earned$5,857.5Net income$235.7Per share available to common shareholders$0.40Total pretax net realized gains (losses) on securities$117.6Combined ratio – current year 100.4                   – prior year month 99.0Average diluted equiva ...
Progressive Reports May 2024 Results
GlobeNewswire News Room· 2024-06-14 12:16
MAYFIELD VILLAGE, OHIO, June 14, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended May 31, 2024:  May(millions, except per share amounts and ratios; unaudited) 2024Net premiums written$5,975.1Net premiums earned$5,857.5Net income$235.7Per share available to common shareholders$0.40Total pretax net realized gains (losses) on securities$117.6Combined ratio – current year 100.4                   – prior year month 99.0Average diluted equiva ...
Progressive (PGR) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-06-11 22:50
In the latest trading session, Progressive (PGR) closed at $208.49, marking a -0.85% move from the previous day. This change lagged the S&P 500's daily gain of 0.27%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.88%.Shares of the insurer have depreciated by 1% over the course of the past month, underperforming the Finance sector's loss of 0.29% and the S&P 500's gain of 2.85%.Market participants will be closely following the financial results of Pr ...
Progressive (PGR) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-06-10 22:56
Progressive (PGR) closed the most recent trading day at $210.28, moving -1.06% from the previous trading session. This change lagged the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%.The insurer's shares have seen a decrease of 1.5% over the last month, not keeping up with the Finance sector's gain of 0.75% and the S&P 500's gain of 3.25%.The investment community will be paying close attention to the earnings performance of Progre ...