Morgan Stanley has raised the price target for The Progressive Corporation (PGR) from $320 to $330, maintaining an overweight rating. Recent financial reports highlight an impressive 19% increase in April net premiums earned by Progressive and a 12,000-job expansion on the horizon reflecting their record growth. The company seems to be attracting significant investor attention as it continues to report robust growth in metrics. The CEO and CFO have also opened doors for investors to ask questions, making the corporation more transparent. Notably, the firm is related to being one of the most AI-oriented insurers by Jim Cramer. It's also listed among the most undervalued insurance stocks and the best insurance stocks to buy according to various hedge funds. Progressive Corp recently announced a dividend of $0.10. Despite slightly falling more than the broader market, it's still seen as a strong value stock with momentum. Bank of America has also raised the price target for Progressive, despite their EPS forecast, indicating a positive financial trend.
Progressive Corporation PGR News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Fri, 23 May 2025 16:31:45 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -6
