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Progressive Corporation (PGR-N) is a property and casualty insurer in the US that has been resilient post-hurricane. Despite some pullback in the sector, experts believe that the company is technically not broken and the sector will likely do well going forward. Additionally, the company's use of AI sets them apart from other insurers, indicating a strong position in technological innovation. Overall, experts are positive about the company's future prospects, especially with the potential for higher rates benefitting insurance companies.
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 2024-12-13, Progressive Corporation (PGR-N) stock closed at a price of $251.8.
A number of P&C insurers in the US pulled back post-hurricane. Technically, not broken. Sector probably does pretty well going forward.