Investors looking for stocks in the Insurance - Property and Casualty sector might want to consider either Tokio Marine Holdings Inc. (TKOMY) or Progressive (PGR) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies ...

Progressive (PGR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this insurer have returned +0.1%, compared to the Zacks S&P 500 composite's -0.9% change. During this period, the Zacks Insurance - Property and Casualty industry, which Progressive falls in, has lost 2.2%. The key question now is: What could be the stock's future direc ...

Key TakeawaysInsurance company Progressive added more policies, sending its first-quarter income soaring.The insurer's net premiums written rose 17.7%, and net premiums earned gained 19% in the latest period.Progressive's combined ratio was hurt by losses incurred from coverage of a big March storm in Texas and the Midwest. Shares of Progressive (PGR) gained Friday after the insurance provider posted a more-than-fivefold increase in net income after adding more policies. In its March monthly update, the com ...

The Progressive Corporation’s (PGR) first-quarter 2024 earnings per share of $3.83 beat the Zacks Consensus Estimate of $3.20. The bottom line improved nearly eight times year over year.Shares gained 2.8% in the pre-market trading session to reflect the outperformance.Behind the HeadlinesNet premiums written were $19 billion in the quarter, up 18% from $16.1 billion a year ago. Premiums beat our estimate of $17.6 billion.Net premiums earned grew 19% to $16 billion and beat our estimate of $14.4 billion.Oper ...

For the quarter ended March 2024, Progressive (PGR) reported revenue of $17.09 billion, up 20.1% over the same period last year. EPS came in at $3.73, compared to $0.65 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $16.61 billion, representing a surprise of +2.84%. The company delivered an EPS surprise of +16.56%, with the consensus EPS estimate being $3.20.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Progressive (PGR) came out with quarterly earnings of $3.73 per share, beating the Zacks Consensus Estimate of $3.20 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.56%. A quarter ago, it was expected that this insurer would post earnings of $2.38 per share when it actually produced earnings of $2.96, delivering a surprise of 24.37%.Over the last four quarters, the company has s ...

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 MARCH RESULTS MAYFIELD VILLAGE, OHIO -- April 12, 2024 -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended March 31, 2024 and the first quarter of 2024: March Quarter (millions, except per share amounts and ratios; unaudited) 2024 2024 ...

MAYFIELD VILLAGE, OHIO, April 12, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended March 31, 2024 and the first quarter of 2024:  March   Quarter  (millions, except per share amounts and ratios; unaudited) 2024  2024  2023 ChangeNet premiums written$7,746.0 $18,962.2 $16,109.7 18%Net premiums earned$5,633.5 $16,148.6 $13,533.1 19%Net income$893.6 $2,331.4 $447.9 421%Per share available to common shareholders$1.52 $3.94 $0.75 425%Total p ...

The Progressive Corporation (PGR) is slated to report first-quarter 2024 earnings on Apr 12 before the opening bell. The company’s earnings beat estimates in the last reported quarter.Factors to NoteA compelling product portfolio, leadership position, strength in the Vehicle and Property businesses, healthy policies in force and solid retention are likely to have aided net premiums earned. The Zacks Consensus Estimate for net premiums earned is pegged at $15.6 billion, suggesting growth of 15.5% from the ye ...

The upcoming report from Progressive (PGR) is expected to reveal quarterly earnings of $2.96 per share, indicating an increase of 355.4% compared to the year-ago period. Analysts forecast revenues of $16.5 billion, representing an increase of 16% year over year.The consensus EPS estimate for the quarter has been revised 4.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to ...