Progressive Corp Ohio

PGR-N

NYSE:PGR

79.23
0.57 (0.71%)
The Progressive Corporation is one of the largest providers of car insurance in the United States. The company also insures motorcycles, boats, RVs and commercial vehicles, and provides home insurance through select companies.
More at Wikipedia

Analysis and Opinions about PGR-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 7, 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.
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(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
DON'T BUY
December 2, 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.
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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
PAST TOP PICK
August 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.
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(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
TOP PICK
August 2, 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)
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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
TOP PICK
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)
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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
PAST TOP PICK
May 6, 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.
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(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
BUY
March 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.
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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
TOP PICK
February 4, 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)
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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
TOP PICK
January 29, 2019
Good fundamentals with support at $59. It can move into into the $70s again. (Analysts’ price target is $74.06)
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Good fundamentals with support at $59. It can move into into the $70s again. (Analysts’ price target is $74.06)
BUY
BUY
October 29, 2018

Talk about entry with an advisor. They have solid underwriting and solid operating costs.

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Talk about entry with an advisor. They have solid underwriting and solid operating costs.

BUY
BUY
October 6, 2015

We had a stream of low catastrophe years. This is positive for these insurers. This one lowers volatility. It is a moderate grower and is defensive when you need it to be.

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We had a stream of low catastrophe years. This is positive for these insurers. This one lowers volatility. It is a moderate grower and is defensive when you need it to be.

TOP PICK
TOP PICK
October 1, 2004
A low cost leader in the US auto insurance market. Uses the internet to market.
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A low cost leader in the US auto insurance market. Uses the internet to market.
TOP PICK
TOP PICK
April 23, 2004
Although it always looks expensive it is a great niche little auto company. Very well-managed and very focused. Still a lot of earnings momentum to come.
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Although it always looks expensive it is a great niche little auto company. Very well-managed and very focused. Still a lot of earnings momentum to come.
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Progressive Corp Ohio(PGR-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Progressive Corp Ohio 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 Corp Ohio(PGR-N) Frequently Asked Questions

What is Progressive Corp Ohio stock symbol?

Progressive Corp Ohio 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 Corp Ohio a buy or a sell?

In the last year, 3 stock analysts published opinions about PGR-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Progressive Corp Ohio.

Is Progressive Corp Ohio a good investment or a top pick?

Progressive Corp Ohio was recommended as a Top Pick by David Fingold on 2020-04-07. Read the latest stock experts ratings for Progressive Corp Ohio.

Why is Progressive Corp Ohio 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 Corp Ohio worth watching?

3 stock analysts on Stockchase covered Progressive Corp Ohio In the last year. It is a trending stock that is worth watching.

What is Progressive Corp Ohio stock price?

On 2020-07-02, Progressive Corp Ohio (PGR-N) stock closed at a price of $79.23.