Buy, Sell or Hold: Progressive Corporation (PGR-N)

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Progressive Corporation (PGR-N)

NYSE:PGR

286.38

2.72 (0.96%) 1d

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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Progressive Corporation (PGR-N) appears to be maintaining a solid standing in the insurance sector despite some challenges posed by natural disasters, as noted by multiple experts. Following the recent hurricanes, many property and casualty insurers in the US pulled back; however, Progressive's technical position remains intact, indicating resilience. A positive factor for the company is the current trend of rising rates, which tend to benefit insurance firms in general. Additionally, Progressive is leveraging artificial intelligence more extensively than its competitors, allowing it to optimize operations and enhance customer service. These factors suggest that the company is not only performing well but also has a favorable outlook as the insurance sector is expected to thrive moving forward.

Consensus

Positive

Valuation

Fair Value

Similar

Allstate, ALL-N

BUY

A number of P&C insurers in the US pulled back post-hurricane. Technically, not broken. Sector probably does pretty well going forward.

HOLD

Higher rates are actually good for insurance companies.

BUY

Is doing well. They use AI the most among the insurers.

BUY

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.

PARTIAL SELL

Very fine company. One of the best property and casualty companies in the world. Relatively resilient, defensive business model. Long-term, he recommends it. But for short and medium performance, we're exiting a recession, so it makes sense to put more capital into cyclicals.

PAST TOP PICK

(A Top Pick Aug 02/19, Up 22%) A defensive, not a cyclical, stock. Okay to own now, but as we exit this recession (this shortest ever), it's better to own cyclicals. They're an auto insurer and diversifying into commercial. They have a low cost base, a tailwind, and are diversified nationally in the U.S. But doesn't see this outperform the market in the next 12 months.

PAST TOP PICK

(A Top Pick May 27/19, Up 1%) When interest rates rose in Q4, the stock fell down. The stock moves according to rates and not the fundamentals of the insurance industry, which frustrated him. So he exited. PGR has been doing well, because rates plunge and fewer people are driving, hence getting into car accidents, which suggest a good combined ratio. PGR is best in class in insurance.

DON'T BUY

He owned it for many years until interest rates started to rise. The whole group has done poorly over the last 60 days. More natural catastrophes mean insurance companies have a 'hard market' and can increase fees over that of claims.

PAST TOP PICK

(A Top Pick Feb 04/19, Up 22%) Insurance has been pretty reliable, especially in the US. It will kind of hang around here and you could pick it up in the high $70's. Earnings will continue to accelerate. He is buying this.

TOP PICK

An internet company that happens to sell insurance, goes the joke. They have the lowest costs of execution among P&C insurers, and have a better underwriting record than its peers. They benefit from lower interest rates; competitors charge more fpr insurance to make up for this. (Analysts’ price target is $81.82)

TOP PICK

Property and casualty insurance is the best part of financial services. They have very low costs of operation. Profitability and growth are dramatically higher than peers. (Analysts’ price target is $81.47)

PAST TOP PICK

(A Top Pick Feb 04/19, Up 13%) Big American insurer. Strong uptrend since the start of the year, but bounced off $80 and is holding at the current $75. Really likes it and has been enjoying a long-term uptrend. Insurance does well in the summer, and he prefers them to the banks in Canada.

BUY

He likes the company. It is one of the better components of the financial industry in the US right now. Casualty insurance has been rated a market-perform recently. He thinks there is a hard pricing in personal lines. It is a conservative business. They can raise prices every 12 months. There are three big players. These guys have the lowest cost. They are well positioned.

TOP PICK

You have to move out of Canada. They are a proponent of telemetric driving where you stick a gismo in your car and it tells you if you are a good driver. They are making a big push on the commercial side. They have a fantastic balance sheet. (Analysts’ price target is $74.06)

TOP PICK

Good fundamentals with support at $59. It can move into into the $70s again. (Analysts’ price target is $74.06)

Showing 1 to 15 of 19 entries

Progressive Corporation(PGR-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Progressive Corporation is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Progressive Corporation(PGR-N) Frequently Asked Questions

What is Progressive Corporation stock symbol?

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

Is Progressive Corporation a buy or a sell?

In the last year, 2 stock analysts published opinions about PGR-N. 1 analyst 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.

Is Progressive Corporation a good investment or a top pick?

Progressive Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Progressive Corporation.

Why is Progressive Corporation stock dropping?

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.

Is Progressive Corporation worth watching?

2 stock analysts on Stockchase covered Progressive Corporation In the last year. It is a trending stock that is worth watching.

What is Progressive Corporation stock price?

On 2025-05-07, Progressive Corporation (PGR-N) stock closed at a price of $286.38.

Most Recent Experts

Stan Wong

Private Wealth Management, ScotiaMcleod

Stockchase Insights

5i Research

Joe Terranova

Virtus Investment Partners

Jim Lebenthal

Cerity Partners

Shannon Saccocia, CIO, Boston Private

Boston Private

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Progressive Corporation(PGR-N) Rating

Progressive Corporation(PGR-N) Frequently Asked Questions

What is Progressive Corporation stock symbol?

Is Progressive Corporation a buy or a sell?

Is Progressive Corporation a good investment or a top pick?

Why is Progressive Corporation stock dropping?

Is Progressive Corporation worth watching?

What is Progressive Corporation stock price?

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Most Recent Experts

Stan Wong

Stockchase Insights

Joe Terranova

Jim Lebenthal

Shannon Saccocia, CIO, Boston Private