Progressive stock gets prior hold rating reaffirmed, as it trades at a 10-year high and surpasses peer averages in valuation. The stock offers a paltry dividend yield vs. peers, with limited growth history. We can expect growth drivers from recent insurance policy growth, macro demand expected for auto insurance, and a strong profit margin.
In the most recent trading session, Progressive (PGR) closed at $268.88, indicating a +0.76% shift from the previous trading day.
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Berkshire, The Progressive and The Allstate are included in this Analyst Blog.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Progressive (PGR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
PGR seems well-poised on improving premiums, steady policy life expectancy, investment in technology and a solid capital position.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
The Progressive, Chubb, The Travelers, The Allstate and Cincinnati Financial have been highlighted in this Industry Outlook article.
JPMorgan, Philip Morris and The Progressive are included in this Analyst Blog.
Progressive (PGR) reported earnings 30 days ago. What's next for the stock?
TILE, PGR, and VRT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 12, 2024.