Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Progressive (PGR) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Progressive is expected to report quarterly earnings of $4.44 per share, reflecting an 8.8% increase year-over-year [3]. - Revenue projections stand at $21.94 billion, indicating a 7.9% rise from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.42% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Progressive is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.79% [12]. Earnings Surprise Prediction - A positive Earnings ESP reading suggests a potential earnings beat, especially when combined with a strong Zacks Rank [10]. - However, Progressive currently holds a Zacks Rank of 4, complicating predictions of an earnings beat despite the positive Earnings ESP [12]. Historical Performance - In the last reported quarter, Progressive's actual earnings of $4.05 per share fell short of the expected $5.08, resulting in a surprise of -20.28% [13]. - Over the past four quarters, Progressive has beaten consensus EPS estimates twice [14]. Industry Comparison - W.R. Berkley (WRB), another player in the insurance sector, is expected to report earnings of $1.14 per share, with a year-over-year change of +0.9% [18]. - W.R. Berkley's revenue is projected at $3.75 billion, up 6.9% from the previous year, but its consensus EPS estimate has been revised down by 0.4% [19].

Core Insights - The financial sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Paysafe Ltd (NYSE:PSFE) has an RSI of 29.9, with shares falling 7.3% to close at $7.16. The stock has a 52-week low of $6.43 and has dropped around 14% in the past five days [3][6] - Progressive Corp (NYSE:PGR) has an RSI of 29.6, with shares declining 0.6% to close at $202.37. The stock has a 52-week low of $199.90 and has decreased approximately 11% over the past month [4][6] - Bowhead Specialty Holdings Inc (NYSE:BOW) has an RSI of 29.2, with shares dipping 5% to close at $24.08. The stock has a 52-week low of $23.50 and has fallen around 16% in the past month [5][6]

Core Insights - The financial sector has identified several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Group 1: Oversold Stocks - Paysafe Ltd (NYSE:PSFE) has an RSI of 29.9, with shares falling 7.3% to close at $7.16. The stock has a 52-week low of $6.43 and has dropped around 14% in the past five days [3][6] - Progressive Corp (NYSE:PGR) has an RSI of 29.6, with shares declining 0.6% to close at $202.37. The stock has a 52-week low of $199.90 and has decreased approximately 11% over the past month [4][6] - Bowhead Specialty Holdings Inc (NYSE:BOW) has an RSI of 29.2, with shares dipping 5% to close at $24.08. The stock has a 52-week low of $23.50 and has fallen around 16% in the past month [5][6]

Core Insights - Progressive Corporation is a significant player in the insurance industry, offering a variety of products such as auto, home, and commercial insurance, and is recognized for its innovative approach and strong market presence [1] - HSBC has set a price target of $224 for Progressive, indicating a potential price increase of approximately 10.91% from its current trading price of $201.97, reflecting confidence in the company's growth potential [2] - Zacks Investment Research highlights Progressive as a strong value stock with a high Zacks Style Score, suggesting it is well-positioned to outperform the market [3] Market Performance - The stock has traded between a low of $201.37 and a high of $204.68, with a market capitalization of approximately $118.5 billion, indicating significant investor interest [4] - Over the past year, Progressive's stock has experienced considerable price movement, reaching a high of $292.99 and a low of $199.90 [4] - The current trading price of $202.12 shows a slight decrease of 0.69% or $1.41, indicating some market volatility [2][6] Investment Outlook - Investors may find Zacks Style Scores useful for assessing Progressive's potential, as the company maintains a strong market position and has a positive outlook from HSBC [5] - Progressive remains an attractive option for investors seeking value and growth within the insurance sector [5][6]

Core Insights - Progressive (PGR) is viewed as a valuable insurance carrier that is currently not richly valued but is expected to be underappreciated in 2025 [1] Company Analysis - Progressive is recognized for its strong position in the insurance market, suggesting it is a desirable addition to investment portfolios [1] Industry Context - The article implies a positive outlook for the insurance sector, particularly for companies like Progressive, which may see increased appreciation in value in the coming years [1]

Core Viewpoint - Progressive (PGR) is considered a valuable insurance carrier that is currently not richly valued but is expected to be underappreciated in 2025 [1] Group 1: Company Overview - Progressive is recognized as a desirable addition to investment portfolios due to its strong market position [1] - The company is perceived as overlooked but not undervalued at present [1] Group 2: Future Outlook - There is a strong belief that Progressive will be underappreciated in 2025, indicating potential for growth and investment opportunities [1]

Company Overview - The Progressive Corporation (NYSE:PGR) is a leading U.S. property and casualty (P&C) insurer, focusing on personal and commercial auto and residential property coverage. It operates through diversified personal, commercial, and property insurance segments [5]. Analyst Ratings and Price Target Adjustments - Evercore ISI reduced its price target on The Progressive Corporation from $250 to $237, citing a challenging year for the P&C insurance sector and slowing industry fundamentals, indicating a "stock picker's market" [2]. - JPMorgan lowered its price target from $303 to $275 while maintaining an 'Overweight' rating, acknowledging worsening operating conditions but suggesting that high-quality operators like Progressive may not decline significantly further [3]. - BofA also reduced its price target to $328 while reiterating a 'Buy' rating, attributing the reduction to unfavorable pricing trends across most P&C products and projecting that loss costs will rise faster than prices as personal auto rates flatten [4].

Core Viewpoint - Progressive's stock appears undervalued after a 21% decline from its all-time highs, but the reasons for this discount require careful analysis [1] Business Performance - Progressive reported net premiums written of $63.7 billion for the first nine months of 2025, reflecting a 13% year-over-year increase, while net premiums earned rose 17% to $60.6 billion [2] - The company has a total of 38.1 million policies in force, which is a 12% increase year-over-year [5] - The combined ratio for Progressive stands at 89.5% in Q3, indicating an underwriting profit [6] Valuation Metrics - Shares are currently trading at approximately 13.4 times forward earnings and 3.6 times book value, down from a multiple of nearly 7 in early 2025 [7][8] - Despite the lower valuation compared to recent years, it does not appear particularly cheap when considering the company's historical valuation [8][9] Industry Context - Progressive operates in a regulated industry, facing challenges such as a $950 million accrual due to a Florida statute that requires insurers to return excess profits to policyholders, which impacted its combined ratio by 4.6 percentage points [10] - The auto insurance market is cyclical, and there are concerns about a potential shift from a hard market to a soft market, which could affect pricing and profitability [11] - Long-term uncertainties include the impact of advanced driver assistance systems and autonomous driving on the frequency of claims, potentially reducing profit pools for insurers [12] Dividend Policy - Progressive has a favorable dividend policy, including a recent special dividend of $13.50 on top of its regular $0.10 quarterly dividend, which adds value for shareholders [14][15] - The company's history of special dividends provides a level of risk mitigation for investors, especially in light of industry uncertainties [15] Investment Outlook - The recent pullback in Progressive's stock price, combined with strong growth and a more attractive valuation, makes it an interesting investment opportunity [16] - However, potential risks in the auto insurance market and technological disruptions should be considered when evaluating the stock [16][17]

Core Viewpoint - Impax US Sustainable Economy Fund underperformed the Russell 1000 in Q3 2025, returning 7.33% compared to the index's 7.99%, due to a focus on lower-risk, high-quality factors in a risk-on market environment [1] Group 1: Fund Performance - The fund's performance in Q3 2025 was impacted by market conditions favoring high-risk and high-momentum stocks [1] - The portfolio's focus on modest, lower-risk investments contributed to its underperformance relative to the index [1] Group 2: The Progressive Corporation (NYSE:PGR) - The Progressive Corporation experienced a one-month return of -9.26% and a 52-week loss of 14.16%, with a market capitalization of $122.574 billion as of January 7, 2026 [2] - The company has a high Corporate Resilience Score and is involved in assessing the costs of climate change while providing affordable insurance [3] - Despite strong earnings growth, The Progressive Corporation faces challenges such as analyst concerns over policy growth, increased competition, and margin compression in the auto insurance sector [3] Group 3: Hedge Fund Interest - The Progressive Corporation ranked 30th among the most popular stocks among hedge funds, with 84 hedge fund portfolios holding its shares at the end of Q3 2025, down from 99 in the previous quarter [4]

Core Viewpoint - The Progressive Corporation (PGR) is set to announce its fiscal fourth-quarter earnings for 2025, with analysts projecting a profit increase compared to the previous year [1][2]. Financial Performance - Analysts expect PGR to report a profit of $4.46 per share on a diluted basis for Q4 2025, reflecting a 9.3% increase from $4.08 per share in the same quarter last year [2]. - For the full fiscal year 2025, PGR's expected EPS is $17.97, which is a 27.9% increase from $14.05 in fiscal 2024. However, EPS is projected to decline by 8.2% year over year to $16.49 in fiscal 2026 [3]. Stock Performance - PGR stock has underperformed the S&P 500 Index, which gained 16.2% over the past 52 weeks, with PGR shares down 11.4% during the same period [4]. - On October 15, 2025, PGR shares closed down by 5.8% after reporting Q3 results, with revenue at $22.5 billion, marking a 14.2% year-over-year increase, and EPS growing 12.1% from the previous year to $4.45 [5]. Analyst Ratings - The consensus opinion on PGR stock is moderately bullish, with a "Moderate Buy" rating overall. Among 25 analysts, seven recommend a "Strong Buy," two suggest a "Moderate Buy," 15 give a "Hold," and one recommends a "Moderate Sell" [6]. - PGR's average analyst price target is $262.84, indicating a potential upside of 23.8% from current levels [6].