Latest news with #ProgressiveCorporation
Yahoo
7 days ago
- Business
- Yahoo
Here's Why Progressive (PGR) Traded Lower in Q2
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund (Class Y) increased 3.1%, compared to a 10.9% gain for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a US-based insurance company. The one-month return of The Progressive Corporation (NYSE:PGR) was -7.98%, and its shares gained 13.33% of their value over the last 52 weeks. On July 21, 2025, The Progressive Corporation (NYSE:PGR) stock closed at $245.13 per share, with a market capitalization of $143.695 billion. Madison Large Cap Fund stated the following regarding The Progressive Corporation (NYSE:PGR) in its second quarter 2025 investor letter: "The bottom five detractors for the quarter were Fiserv, Arch Capital Group, Copart, Alcon, and The Progressive Corporation (NYSE:PGR). Our insurance holdings, including Arch Capital Group and Progressive, which performed strongly in the first quarter, underperformed the strong equity market in the second quarter. Both businesses continue to perform well overall, although their rates of growth are slowing as we enter the later innings of the insurance pricing cycle." A team of accountants in a boardroom, discussing strategic moves of an insurance company. The Progressive Corporation (NYSE:PGR) is in 30th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 91 hedge fund portfolios held The Progressive Corporation (NYSE:PGR) at the end of the first quarter, which was 100 in the previous quarter. While we acknowledge the potential of The Progressive Corporation (NYSE:PGR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered The Progressive Corporation (NYSE:PGR) and shared the list of best long term low volatility stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
Progressive (PGR) Reports Half-Year Revenue of US$42 Billion and Net Income of US$6 Billion
The Progressive Corporation (PGR) recently announced robust financial performance for the first half of 2025, including a significant rise in revenue to USD 42,413 million and an increase in net income to USD 5,742 million. Despite these positive earnings results, Progressive's stock price declined by 4% over the last week. While this drop might seem at odds with the company's strong financials, it aligned with a generally volatile market environment, influenced by uncertainties surrounding the Federal Reserve's direction amid President Trump's ongoing criticisms of its leadership. These market conditions likely contributed to Progressive's share price movement. We've identified 1 possible red flag with Progressive and understanding the impact should be part of your investment process. Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. The recent decline of Progressive Corporation's stock price by 4% over the last week, despite strong financial performance, underscores the volatile market environment driven by uncertainties about the Federal Reserve's direction. This backdrop aligns with investor concerns, possibly impacting sentiment even with Progressive's strategic initiatives to acquire cost-effective policies and focus on technology. Over the past five years, Progressive's total shareholder return, including both share price and dividends, reached an impressive 201.01%. This strong return reflects the company's ability to grow through both strategic expansion and capital management. In the last year alone, Progressive outperformed both the broader US market and the US Insurance industry, which returned 10% and 7.4% respectively. Looking forward, the current news impacts revenue and earnings forecasts as Progressive still targets a revenue increase to $102.6 billion by 2028 and earnings growth to $9.9 billion. However, potential challenges related to tariffs and competitive pressures could influence the ability to maintain these forecasts. While analysts have set a consensus price target of US$286.80, Progressive's current share price of US$242.20 indicates an 18.41% discount, suggesting room for future growth in line with earnings and revenue projections. Get an in-depth perspective on Progressive's performance by reading our balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PGR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
15-07-2025
- Business
- Yahoo
Morgan Stanley Downgrades The Progressive Corporation (PGR) Stock to Equal Weight
The Progressive Corporation (NYSE:PGR) is one of the Best Large Cap Value Stocks to Invest In. Morgan Stanley analyst Bob Huang downgraded the company's stock to 'Equal Weight' from 'Overweight' with a price objective of $290, down from the prior target of $330, as reported by The Fly. The downgrade exhibits the firm's view that The Progressive Corporation (NYSE:PGR)'s previous investment thesis of unincumbered growth and margin expansion has been nearing its end. A team of accountants in a boardroom, discussing strategic moves of an insurance company. Overall, the firm identified 2 critical factors which have changed the outlook: the intensifying industry competition, and the pressure on The Progressive Corporation (NYSE:PGR)'s valuation as it exits the peak growth and margin environment. In Q1 2025, the company had strong policies in force (PIF) growth, with ~5.5 million more PIFs as compared to the end of the first quarter last year, resulting in the total PIF count to more than 36 million as of March 31, 2025. The Progressive Corporation (NYSE:PGR) remains focused on improving profitability and reducing exposure in markets that are more susceptible to catastrophic weather events. Fitch Ratings believes that The Progressive Corporation (NYSE:PGR) maintains a favorable business profile, with continued growth in market share. Also, the firm highlighted that The Progressive Corporation (NYSE:PGR) remains one of the most consistently profitable underwriters across leading property/casualty (P/C) insurers, possessing a history of favorable underwriting margins and stability. Madison Investments, an investment advisor, released its Q1 2025 investor letter. Here is what the fund said: 'The Progressive Corporation (NYSE:PGR) continues to deliver industry-leading policy growth with better-than-expected underwriting margins. Total revenue growth of 22% in the month of December 2024 reflects ongoing market share gains for the company. Overall, 2024 was a solid year for Progressive with net premium revenue growth of 21% and strong profitability with a combined ratio of 88.8%. Progressive is gaining share versus its competitors with industry leading segmentation, claims accuracy, and competitive pricing. The company's accurate claims handling is key to its competitive pricing. Balancing efficient and accurate claim outcomes with strong customer satisfaction have been the drivers of the company's strong results.' While we acknowledge the potential of PGR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Is a Beat in Store for Progressive This Earnings Season?
The Progressive Corporation PGR is expected to register an improvement in its top and bottom lines when it reports second-quarter 2025 results on July 16, before the opening Zacks Consensus Estimate for PGR's second-quarter revenues is pegged at $21.5 billion, indicating 17.9% growth from the year-ago reported consensus estimate for earnings is pegged at $4.30 per share. The Zacks Consensus Estimate for PGR's second-quarter earnings has moved up 9.4% in the past 30 days. The estimate suggests year-over-year growth of 62.3%. Progressive's earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and missed in one, the average surprise being 13.98%. Our proven model predicts an earnings beat for Progressive this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP ESP: PGR has an Earnings ESP of +2.41%. This is because the Most Accurate Estimate of $4.41 is pegged higher than the Zacks Consensus Estimate of $4.30. The Progressive Corporation price-eps-surprise | The Progressive Corporation Quote Zacks Rank: PGR carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.(Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) An increase in premiums, higher net investment income and fees and service revenues are likely to have favored revenues in the second quarter.A 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 $20.2 billion. The personal auto business is likely to have benefited from competitive product offerings and a strong market presence. Focusing on segmentation and prudent risk selection is likely to have aided policies in force. Both agency and direct auto channels are likely to have driven policy growth. The consensus estimate for personal auto policies in force is pegged at 25.7 million.A larger invested asset base is likely to have aided improvement in net investment income. The Zacks Consensus Estimate for the metric is pegged at $861 million. The insurer is likely to have benefited from pretax net realized gains on securities. The Zacks Consensus Estimate for the metric is pegged at $103.3 million. Higher loss and loss-adjustment expenses, policy acquisition costs and other underwriting expenses are likely to have increased expenses. The consensus mark for loss and loss-adjustment expense ratio is pegged at second quarter escaped the brutality of catastrophic events, which is likely to benefit underwriting results. This coupled with prudent underwriting is likely to have aided improvement in the combined ratio. The consensus mark for combined ratio is pegged at 89. Some other P&C insurance stocks with the right combination of elements to deliver an earnings beat this time around are:Arch Capital Group Ltd. ACGL has an Earnings ESP of +7.92% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $2.34, indicating a year-over-year decrease of 8.9%ACGL's earnings beat estimates in each of the last four reported Capital Group, Inc. KNSL has an Earnings ESP of +2.33% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $4.39, indicating a year-over-year increase of 17%KNSL's earnings beat estimates in each of the last four reported Holdings Ltd. RNR has an Earnings ESP of +2.16% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $10.19, indicating a year-over-year decrease of 17.8%.RNR's earnings beat estimates in three of the last four reported quarters and missed in one. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RenaissanceRe Holdings Ltd. (RNR) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
07-07-2025
- Business
- Yahoo
Progressive Launches 'Open the House' Initiative for First-Generation Buyers
The Progressive Corporation (NYSE:PGR) is one of the best NYSE stocks to buy for long term investment. On June 2, Progressive Insurance unveiled 'Open the House,' which is a new multi-year initiative aimed at advancing homeownership education and affordability, particularly for first-generation homebuyers. One of the components of the initiative is the UpPayment program, which offers a $13,500 grant to up to 100 qualified first-generation homebuyers to remove some financial barriers like down payments. In 2024, Progressive Corporation allocated over $7 million to support families in purchasing, retaining, and building a lasting legacy through homeownership. A team of accountants in a boardroom, discussing strategic moves of an insurance company. The 'Open the House tour' will feature a 'home on wheels' that travels to cultural events across the US in 2025 to educate prospective homebuyers. Additionally, the 'Recipe for Homeownership' is a video series featuring financial wellness experts and special guests discussing homeownership and financial well-being. Later this summer, Progressive will launch 'Home Appraisal Help,' which is an online resource developed in collaboration with The Appraisal Foundation to educate homeowners on the appraisal process and assist them in obtaining accurate home valuations. The Progressive Corporation (NYSE:PGR) is an insurance company in the US. While we acknowledge the potential of PGR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
