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Progressive Corporation, identified by the symbol PGR-N, is navigating a post-hurricane landscape where many property and casualty (P&C) insurers are pulling back. Despite these challenges, experts note that the company is not technically broken, indicating resilience in its operations. Additionally, the rising rates in the insurance sector are viewed as beneficial for insurance companies overall, which adds a positive outlook for Progressive. Furthermore, the company's innovative use of artificial intelligence sets it apart from many peers in the industry, positioning it well for future growth. With these factors in mind, Progressive appears to be a strong contender within the insurance sector, likely to perform well going forward.
Higher rates are actually good for insurance companies.
Is doing well. They use AI the most among the insurers.
Shares have been rocketing, partly because they're using generative AI and their own data more than any insurer to assess risk and therefore making fewer mistakes.
Progressive Corporation is a American stock, trading under the symbol PGR-N on the New York Stock Exchange (PGR). It is usually referred to as NYSE:PGR or PGR-N
In the last year, 3 stock analysts published opinions about PGR-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Progressive Corporation.
Progressive Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Progressive Corporation.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Progressive Corporation In the last year. It is a trending stock that is worth watching.
On 2025-02-13, Progressive Corporation (PGR-N) stock closed at a price of $258.22.
A number of P&C insurers in the US pulled back post-hurricane. Technically, not broken. Sector probably does pretty well going forward.