Progressive Stock News

What the stock market gives, the stock market can take away. A mere one day after Progressive (PGR -3.53%) delivered first-quarter results that satisfied investors, a recommendation downgrade by an analyst on Thursday made the stock something of a pariah.

In late-session trading Wednesday, investors were collectively see-sawing on their reaction to Progressive's (PGR -0.25%) first-quarter earnings release. That was understandable, as the company convincingly beat the consensus analyst for revenue, but posted weaker-than-expected net income.

MAYFIELD VILLAGE, OHIO, April 16, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2025:

Progressive is rated a buy due to its record-breaking financial performance, robust growth in net premiums, and significant market share gains in 2024. Despite a recent share price drop, PGR has seen a 239% gain over 5 years and continues to outperform its peers. PGR's revenue nearly doubled in 5 years, with net income up 11.5x in two years, driven by strategic advertising and policy growth.

Progressive stock bounced back after a steep drop and is in a buy zone. The insurance company reports Q1earnings on Wednesday.

Financial stocks play a critical role in the economy and are a key component of any well-rounded portfolio.

On Wednesday, investors felt that they couldn't make a lot of portfolio progress with Progressive (PGR -3.56%). The insurance company's stock was hit with a sell-off following an analyst's price target cut; on the back of this, it closed the day almost 4% down in price.

MAYFIELD VILLAGE, OHIO, March 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended February 28, 2025: