Progressive Corporation (PGR)
Progressive: A Great Insurer, But Slowing Growth Justifies A 'Hold'
The Progressive Corp. is rated a 'Hold,' reflecting strong underwriting and durable demand but tempered by slowing premium growth and uncertain earnings momentum. PGR's Q3 2026 combined ratio improved to 88.7%, yet net premiums written grew just 4% YoY, with September monthly growth slowing to 2%. Valuation appears fair at a trailing P/E of 10.7x, but a weaker forward EPS outlook could pressure the multiple and limit upside.
Progressive Stock Has Turned $10,000 Into More Than $90,000 in 10 Years
Progressive is the leading auto insurer in the U.S., jumping into first place this year. It has beat its target goal of a 96% combined ratio for the part decade.
The Progressive Q3 Panic Is Overdone
The Progressive's Q3 was a disappointment, but it isn't a sell signal for me. I'm still holding my shares, and I am maintaining my buy rating. Premium growth came in at 1%, auto policies dropped 31,000 in a month, and the underlying loss ratio hit 68.7, the highest in two years. The combined ratio sits at 88.7, or 91.1 without reserve releases, well under the sub-96 target. Every segment is under 96.
Progressive (PGR) Q3 Earnings Top Estimates
Progressive (PGR) came out with quarterly earnings of $4.6 per share, beating the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $4.05 per share a year ago.
Progressive Set to Report Q3 Earnings: Here's What to Expect
Progressive's Q3 earnings are expected to rise 9.4%, aided by premium growth and higher investment income, but rising underwriting costs could weigh on results.
Why the Market Dipped But Progressive (PGR) Gained Today
In the closing of the recent trading day, Progressive (PGR) stood at $218.98, denoting a +2.27% move from the preceding trading day.
Progressive (PGR) Laps the Stock Market: Here's Why
Progressive (PGR) closed the most recent trading day at $210.96, moving +1.76% from the previous trading session.
Will Progressive (PGR) Beat Estimates Again in Its Next Earnings Report?
Progressive (PGR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is Trending Stock The Progressive Corporation (PGR) a Buy Now?
Progressive (PGR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Is Most-Watched Stock The Progressive Corporation (PGR) Worth Betting on Now?
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.
Progressive (PGR) Gains As Market Dips: What You Should Know
In the latest trading session, Progressive (PGR) closed at $221.02, marking a +1.56% move from the previous day.
Can PGR's Telematics Edge Strengthen Its Underwriting Advantage?
Progressive's telematics and driving data support risk selection and claims efficiency, while stronger competition raises the need for underwriting discipline.
