Progressive Corporation (PGR) has demonstrated strong financial performance with consistent Y/Y revenue growth. This, in conjunction with their premium rates rising has likewise driven share price rises, to the tune of up to 31% in Q1. Key players, such as Chief Strategy Officer Quincy, have however been selling shares, potentially signaling perceived weakness. Notwithstanding, the firm's overall performance has led to increased institutional ownership, now at 88%. Analysts have raised PGR's share target price and upgraded it to 'buy', but some debate persists on whether it's undervalued or overvalued. Many investors continue to back PGR, finding it to be a favorable stock to hold.
Progressive Corporation PGR News Analytics from Wed, 12 Jul 2023 07:00:00 GMT to Wed, 08 May 2024 06:49:47 GMT -
Rating 7
- Innovation 4
- Information 5
- Rumor 3
