The Progressive Corporation (PGR) emerged prominently in key investor headlines. With its performance catching the eye of top experts like
Raymond James, which persisted with its buy rating and
Wells Fargo raising the price target to
$333, an optimism for growth is evident. PGR reported a
15% YoY growth in May's net premiums earned with a massive
353% surge in net income, touted as a result of stringent underwriting discipline and market share dominance drawing from margin strength. PGR also marked a key partnership with Superman, transforming phones into emergency response superheroes. Conversely, institutions like
Moloney Securities Asset Management, Bank of New York Mellon Corp, and Conning Inc, sold PGR's shares, indicating potential market volatility.
Jim Cramer sees PGR as an AI-led insurer, a perspective supporting forward-thinking and promise spills onto its promising dividend policy. However,
Morgan Stanley's cut on the stock due to intensifying competition and possible valuation pressure, hints at significant challenges.
Mather Group LLC and
Alta Advisers Ltd boosted their position in PGR while Harrell Investment Partners made a new investment worth $731,000.
Progressive Corporation PGR News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Fri, 11 Jul 2025 21:45:01 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 3
