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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Experts have noted that Progressive Corporation (PGR-N) shares are on the rise, driven in part by the company's utilization of generative AI and proprietary data to assess risk. This approach has led to a reduced rate of mistakes compared to other insurers. The stock's performance is receiving positive attention due to these factors and is seen as a promising investment opportunity by analysts.

Consensus
positive
Valuation
fair value
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.

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

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

insurance
BUY

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.

insurance
TOP PICK
A low cost leader in the US auto insurance market. Uses the internet to market.
insurance
Showing 1 to 15 of 16 entries

Progressive Corporation(PGR-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

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, 1 stock analyst 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?

1 stock analyst 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 2024-02-23, Progressive Corporation (PGR-N) stock closed at a price of $191.3.