Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Progressive (PGR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Progressive currently has an average bro ...

This summer, Parenta-Life Coach, Dr. Rick, offers up advice for young homeowners trying to un-become their parents whether it's entertaining at home, navigating social conversations or traveling overseasMAYFIELD VILLAGE, Ohio, July 17, 2024 /PRNewswire/ -- Progressive Insurance® is thrilled to unveil new creative work featuring one of the brand's most beloved and relatable figures, Parenta-Life Coach, Dr. Rick. As young homeowners gear up for summer BBQs and travel adventures, many find themselves facing "P ...

The Progressive Corporation’s (PGR) second-quarter 2024 earnings per share of $2.65 beat the Zacks Consensus Estimate of $1.99. The bottom line improved more than five times year over year. Operating revenues of $18.3 billion beat the Zacks Consensus Estimate by 1.4% and increased 18.9% year over year.Shares gained 2.3% in the pre-market trading session to reflect the outperformance.The Progressive Corporation Price, Consensus and EPS SurpriseBehind the HeadlinesNet premiums written were $17.9 billion in th ...

For the quarter ended June 2024, Progressive (PGR) reported revenue of $18.26 billion, up 19.9% over the same period last year. EPS came in at $2.65, compared to $0.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $18.02 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of +33.17%, with the consensus EPS estimate being $1.99.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

NEWS RELEASE The Progressive Corporation Company Contact: 6300 Wilson Mills Road Douglas S. Constantine Mayfield Village, Ohio 44143 (440) 395-3707 http://www.progressive.com investor_relations@progressive.com PROGRESSIVE REPORTS JUNE RESULTS MAYFIELD VILLAGE, OHIO -- July 16, 2024 -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended June 30, 2024 and the second quarter of 2024: June Quarter (millions, except per share amounts and ratios; | --- | --- | --- | --- ...

MAYFIELD VILLAGE, OHIO, July 16, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended June 30, 2024 and the second quarter of 2024:  June  Quarter  (millions, except per share amounts and ratios; unaudited)2024 2024   2023 ChangeNet premiums written$5,748.5$17,901.6  $14,716.9 22 %Net premiums earned$5,777.0$17,209.5  $14,464.4 19 %Net income$802.7$1,458.7  $345.4 322 %Per share available to common shareholders$1.37$2.48  $0.57 334 %Total p ...

The Progressive Corporation (PGR) is slated to report second-quarter 2024 earnings on Jul 16 before the opening bell. The company’s earnings beat estimates in the last reported quarter.The Zacks Consensus Estimate for earnings is pegged at $1.99 per share on revenues of $18 billion. The top and bottom-line estimates suggest an increase of 298% and 18.3%, respectively, from a year ago.Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increa ...

teekidProperty and casualty insurers aren’t necessarily the first place investors go for market-beating returns, but there are certainly big winners in the space if you are choosy. One such long-term winner is Progressive Corp. (NYSE:PGR), which reports earnings next week. Ahead of the earnings report, let’s take a look at why I think the bias is up into and after the report. Consolidation almost over? That’s the key question right now, as PGR has basically not moved since the middle of March. We had a ...

eyecrave productions Co-Authored by Matthew Shen Investment Thesis Among the Property & Casualty Insurance industry, Progressive (NYSE:PGR) is a standout investment. This is due to their dominant position in an economically resilient industry, their company culture that cultivates innovation, and their widely successful marketing campaigns. This paper will explore the above reasons, along with a discussion on why the Insurance industry as a whole is undervalued, a discussion of risks regarding severe we ...

The Progressive Corporation (PGR) has been gaining momentum over the past many quarters on the back of a compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and a solid capital position.Growth ProjectionsThe Zacks Consensus Estimate for Progressive’s 2024 earnings per share indicates a year-over-year increase of 85.6%. The consensus estimate for revenues is pegged at $73.09 billion, implying a year-over-year improvement of 18.3%.The co ...