Progressive (PGR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
TILE, PGR, and VRT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 8, 2024.
Recently, Zacks.com users have been paying close attention to Progressive (PGR). This makes it worthwhile to examine what the stock has in store.
It doesn't hurt to have a big name in finance waxing bullish on your prospects.
The Progressive Corporation (NYSE:PGR ) Q3 2024 Earnings Conference Call November 5, 2024 9:30 AM ET Company Participants Doug Constantine - Director, Investor Relations Tricia Griffith - President and CEO Jay VanAntwerp - Media Business Leader John Sauerland - Chief Financial Officer Patrick Callahan - President, Personal Lines Jon Bauer - Chief Investment Officer Conference Call Participants Josh Shanker - Bank of America Bob Huang - Morgan Stanley Elyse Greenspan - Wells Fargo Michael Phillips - Oppenheimer Gregory Peters - Raymond James Jimmy Bhullar - JPMorgan David Motemaden - Evercore Brian Meredith - UBS Meyer Shields - KBW Mike Zaremski - BMO Doug Constantine Good morning. And thank you for joining us today for Progressive's First (sic) [Third] Quarter Investor Event.
This stock is an excellent example of how investing in quality businesses can produce stellar long-term returns.
The Progressive, Qualcomm, GE Aerospace, S&P Global and Boston Scientific are included in this Analyst Blog.
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today October 30th:
Progressive's performance in 2024 was strong, driven by technological advantages that led to higher margins and tremendous sales growth. Since last year, car insurance premiums have risen much faster than repair costs, likely due to carriers moving away from large, inefficient markets like California. Higher premiums may increase consumer price sensitivity. As such, I do not expect Progressive to maintain its current profit margins as customers look for lower-cost plans.
Zacks.com users have recently been watching Progressive (PGR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Progressive (PGR) possesses solid growth attributes, which could help it handily outperform the market.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?