teekidProperty and casualty insurers aren’t necessarily the first place investors go for market-beating returns, but there are certainly big winners in the space if you are choosy. One such long-term winner is Progressive Corp. (NYSE:PGR), which reports earnings next week. Ahead of the earnings report, let’s take a look at why I think the bias is up into and after the report. Consolidation almost over? That’s the key question right now, as PGR has basically not moved since the middle of March. We had a ...

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 ...

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) 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 ...

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 ...

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 ...

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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 ...

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 ...

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 ...