Progressive Stock News

MAYFIELD VILLAGE, OHIO, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended October 31, 2024:

It doesn't hurt to have a big name in finance waxing bullish on your prospects.

The Progressive Corporation (NYSE:PGR ) Q3 2024 Earnings Conference Call November 5, 2024 9:30 AM ET Company Participants Doug Constantine - Director, Investor Relations Tricia Griffith - President and CEO Jay VanAntwerp - Media Business Leader John Sauerland - Chief Financial Officer Patrick Callahan - President, Personal Lines Jon Bauer - Chief Investment Officer Conference Call Participants ...

This stock is an excellent example of how investing in quality businesses can produce stellar long-term returns.

MAYFIELD VILLAGE, OHIO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Tuesday, November 5, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-an...

Progressive's performance in 2024 was strong, driven by technological advantages that led to higher margins and tremendous sales growth. Since last year, car insurance premiums have risen much faster than repair costs, likely due to carriers moving away from large, inefficient markets like California. Higher premiums may increase consumer price sensitivity. As such, I do not expect Progressive ...

Most investors dismiss insurance stocks as the boring niche in the finance sector without realizing that this industry could significantly outperform all others during an economy ridden by threats of prolonged higher inflation. Today's environment is ripe for insurance businesses to rally further into the year, if not continue their bullish momentum into 2025.

Progressive is a robust insurance company that has been on an absolute tear in the last few years, which led to a large valuation bubble. The bubble didn't pop. Instead, PGR has changed their trends around and have now justified their price by raising earnings and free cash flow. Progressive is now pivoting out of short-term investments, into long-term investments, which may be an impeccably ti...