Home Daily Stock Opinions and Ratings Progressive Corporation (PGR-N)

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Progressive Corporation (PGR-N)

NEW AI Investor Insights
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NYSE:PGR

283.69
4.29 (1.54%) 1d
Mar 14, 2025, 8:00 pm
0

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

Progressive Corporation, which is represented by the symbol PGR-N, is currently facing a landscape where many property and casualty (P&C) insurers in the U.S. have taken a step back following recent hurricanes. However, the company itself is not seen as broken and continues to demonstrate resilience, suggesting that the broader sector may perform well in the future. One key advantage for Progressive is their ability to thrive in an environment of rising rates, which are generally favorable for insurance companies. Additionally, Progressive distinguishes itself as a leader in the adoption of artificial intelligence among insurers, indicating a forward-thinking approach that could pay off in terms of efficiency and customer service. Overall, the future looks promising for Progressive as it navigates current challenges and leverages technology to enhance its operations.

Consensus
Positive
Valuation
Fair Value
BUY

Progressive Corporation(PGR-N)

Nov 06, 2024

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

David Burrows
Owned
Unlock Rating
$255.320

Stock price when the opinion was issued

insurance
HOLD

Progressive Corporation(PGR-N)

Jul 23, 2024

Higher rates are actually good for insurance companies.

David Burrows
Owned
Unlock Rating
$216.135

Stock price when the opinion was issued

insurance
BUY

Progressive Corporation(PGR-N)

Apr 22, 2024

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

Jim Cramer - Mad Money
Unknown
Unlock Rating
$213.000

Stock price when the opinion was issued

insurance
BUY

Progressive Corporation(PGR-N)

Sep 13, 2023

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.

Jim Cramer - Mad Money
Unknown
Unlock Rating
$139.460

Stock price when the opinion was issued

insurance
PARTIAL SELL

Progressive Corporation(PGR-N)

Jan 14, 2021
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.
David Fingold
No
Unlock Rating
$94.125

Stock price when the opinion was issued

insurance
PAST TOP PICK

Progressive Corporation(PGR-N)

Aug 31, 2020
(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.
David Fingold
No
Unlock Rating
$94.700

Stock price when the opinion was issued

insurance
PAST TOP PICK

Progressive Corporation(PGR-N)

Apr 07, 2020
(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.
David Fingold
No
Unlock Rating
$77.130

Stock price when the opinion was issued

insurance
DON'T BUY

Progressive Corporation(PGR-N)

Dec 02, 2019
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.
David Fingold
No
Unlock Rating
$71.650

Stock price when the opinion was issued

insurance
PAST TOP PICK

Progressive Corporation(PGR-N)

Aug 12, 2019
(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.
Hap (Robert) Sneddon FCSI
Owned
Unlock Rating
$79.020

Stock price when the opinion was issued

insurance
TOP PICK

Progressive Corporation(PGR-N)

Aug 02, 2019
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)
David Fingold
Owned
Unlock Rating
$80.055

Stock price when the opinion was issued

insurance
TOP PICK

Progressive Corporation(PGR-N)

May 27, 2019
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)
David Fingold
Owned
Unlock Rating
$79.490

Stock price when the opinion was issued

insurance
PAST TOP PICK

Progressive Corporation(PGR-N)

May 06, 2019
(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.
Hap (Robert) Sneddon FCSI
Owned
Unlock Rating
$74.240

Stock price when the opinion was issued

insurance
BUY

Progressive Corporation(PGR-N)

Mar 25, 2019
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.
David Fingold
Unknown
Unlock Rating
$72.720

Stock price when the opinion was issued

insurance
TOP PICK

Progressive Corporation(PGR-N)

Feb 04, 2019
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)
Hap (Robert) Sneddon FCSI
Owned
Unlock Rating
$65.460

Stock price when the opinion was issued

insurance
TOP PICK

Progressive Corporation(PGR-N)

Jan 29, 2019
Good fundamentals with support at $59. It can move into into the $70s again. (Analysts’ price target is $74.06)
Jeff Parent B. Eng. FCSI CIM
Owned
Unlock Rating
$65.810

Stock price when the opinion was issued

insurance
Showing 1 to 15 of 19 entries
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Progressive Corporation(PGR-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 5

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, 5 stock analysts published opinions about PGR-N. 2 analysts recommended to BUY the stock. 2 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?

5 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 2025-03-14, Progressive Corporation (PGR-N) stock closed at a price of $283.69.

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