Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following 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 in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

MAYFIELD VILLAGE, OHIO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended January 31, 2024:  January(millions, except per share amounts and ratios; unaudited)2024Net premiums written$5,495.7Net premiums earned$5,386.0Net income$700.7Per share available to common shareholders$1.18Total pretax net realized gains (losses) on securities$16.6Combined ratio – current year 87.3                   – prior year 96.0Average diluted equival ...

New name provides same great coverage, exceptional customer service MAYFIELD VILLAGE, Ohio, Jan. 29, 2024 /PRNewswire/ -- Progressive Insurance®, the number one Commercial Auto insurer in the U.S., today announced a new name for its large fleet commercial line (CL) coverage, formerly known as Protective Insurance, to Progressive Fleet & Specialty Programs (Progressive Fleet). The new name reflects the integration of businesses and captures Progressive's expanded expertise in large fleet transportation and n ...

RLI Corp. (RLI) reported fourth-quarter 2023 operating earnings of $1.54 per share, beating the Zacks Consensus Estimate by 6.9%. The bottom line improved 0.6% from the prior-year quarter.The quarterly results reflect continued premium growth across all product segments.Operational PerformanceOperating revenues for the reported quarter were $378.4 million, up 15% year over year, driven by 14.9% higher net premiums earned and 14.4% higher net investment income. The top line, however, missed the Zacks Consens ...

The Progressive Corporation’s (PGR) fourth-quarter 2023 earnings per share of $2.96 beat the Zacks Consensus Estimate of $2.38. The bottom line improved 97.3% year over year.Behind the HeadlinesNet premiums written were $15.1 billion in the quarter, up 21% from $12.5 billion a year ago. Premiums beat our estimate of $14 billion.Net premiums earned grew 22% to $15.8 billion and beat our estimate of $14.8 billion.Operating revenues of $16.6 billion beat the Zacks Consensus Estimate by 3% and increased 23.2% y ...

Progressive (PGR) came out with quarterly earnings of $2.96 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.37%. A quarter ago, it was expected that this insurer would post earnings of $1.71 per share when it actually produced earnings of $2.09, delivering a surprise of 22.22%.Over the last four quarters, the company has s ...

MAYFIELD VILLAGE, OHIO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for December 2023 and the fourth quarter of 2023:   December   Quarter  (millions, except per share amounts and ratios; unaudited) 2023  2023  2022  Change Net premiums written$4,875.9 $15,129.8 $12,460.2  21%Net premiums earned$5,310.4 $15,772.6 $12,891.5  22%Net income$901.2 $1,987.8 $826.4  141%Per share available to common shareholders$1.53 $3.37 $1.40  141%Total pretax n ...

The Progressive Corporation (PGR) is slated to report fourth-quarter 2023 earnings on Jan 24 before the opening bell. The company’s earnings beat estimates in the last reported quarter.Factors to NoteNet premiums earned are likely to have benefited from the company’s compelling product portfolio, leadership position, strength in the Vehicle and Property businesses, healthy policies in force and solid retention. The Zacks Consensus Estimate for net premiums earned is pegged at $15.2 billion, suggesting growt ...

The market expects Progressive (PGR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they ...

Shares of The Progressive Corporation (PGR) have rallied 23.2% in a year, outperforming 11.7%, 12.3% and 21.9% growth of the industry, the Finance sector and the Zacks S&P 500 composite, respectively. With a market capitalization of $95.2 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 Zacks Rank ...