450.02 million shares or 0.77% less from 453.53 million shares in 2017Q4 were reported. Advisory Ntwk Lc stated it has 0.11% in The Progressive Corporation (NYSE:PGR). Since April 25, 2018, it had 0 insider purchases, and 5 selling transactions for $3.03 million activity. $762,804 worth of The Progressive Corporation (NYSE:PGR) shares were sold by Griffith Susan Patricia. The hedge fund held 193,256 shares of the property-casualty insurers company at the end of 2018Q1, valued at $11.78 million, down from 321,207 at the end of the previous reported quarter.
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INX:PGR, Jul 18, 08:44 UTC
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Date: 17 Jul 18 Time: 13:01
Saturday, July 14
Friday, July 13
Date: 13 Jul 18 Time: 14:42
Can Progressive (PGR) Retain Earnings Beat Streak in Q2? - July 13, 2018
The Progressive Corporation PGR is slated to report second-quarter 2018 results on Jul 17 before the market opens. Last reported quarter, the company delivered a positive surprise of 2.60%.Factors to be Considered in Q2The top line is likely to have witnessed improvement in the to-be-reported quarter, driven by an expected increase in premiums, investment income coupled with higher service revenues and fees as well as other revenues. The Zacks Consensus Estimate for the period’s revenues is pegged at $7.9 billion, up 19.7%.Solid policies in force are anticipated to have improved premiums in the second quarter.Strong performing Vehicle and Property businesses might have benefited Personal and Commercial business lines.The company’s continued spending on marketing and competitive product offerings plus a sturdy market presence should consistently drive personal auto business.However, expenses might have increased due to higher loss and loss adjustment expenses, policy acquisition costs plus other underwriting expenses.The company’s Property business has already gained traction. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.Zacks Rank: Progressive sports a Zacks Rank of 1, which increases the predictive power of ESP.We caution against all Sell-rated stocks (#4 or 5) going into an earnings announcement, especially when the company is seeing negative estimate revisions.Other Stocks to ConsiderA few other stocks worth considering from the insurance industry with the right combination of elements to come up with an earnings beat this time around are:The Travelers Companies, Inc. TRV is set to report second-quarter earnings on Jul 19.
Tuesday, July 10
Date: 10 Jul 18 Time: 20:44
Can Aaron's (AAN) Bank on Progressive Unit for a Turnaround? - July 10, 2018
Shares of Aaron's, Inc. AAN have declined 3.9% in the past three months due to lower-than-expected earnings in first-quarter 2018. In contrast, the industry reflected a growth of 4.4% in the same period.Additionally, analysts’ concerns for the company’s performance in the future are reflected in the downward revisions in its forward earnings estimates. The stock’s dismal run on bourses is also evident from its Momentum Score of F.Reasons Behind Dismal Price PerformanceAaron's is witnessing sluggishness across its Aaron’s Business segment for the past few quarters due to lower non-retail sales, weak comparable-store sales (comps) and lower franchisee revenues. This, in turn, should drive top-line growth and boost profitability.Further, the company’s surprise history gives a warming picture. Although Aaron's missed earnings estimates in first-quarter 2018, it has delivered positive earnings surprise in six of the trailing eight quarters.
Friday, July 06
Date: 06 Jul 18 Time: 07:00
In Seattle, a Mechanic Garage Manager Takes Aim at a War Machine Backed Democrat Incumbent - Progressive.org
In Washington state, Sarah Smith is taking on Democratic Representative Adam Smith (no relation), who has held the seat for Washington’s 9th Congressional District since 1997. Sarah Smith, an activist who also works as a service drive assistant at a mechanic garage in Renton, Washington, is challenging Representative Smith from the left, with a platform that includes abolishing ICE, a federal jobs guarantee, an anti-war platform, medicare for all, student debt cancellation, and free public college tuition. The 9th Congressional District encompasses parts of King and Pierce County, where Bernie Sanders easily won this district with more than two-thirds of the vote in the 2016 Democratic Primary. But in 2012, the Seattle Times referred to Smith as “arguably the state’s least liberal Democrat in congress.”. Despite representing a Democratic stronghold in one of the most progressive states in the country, Smith is a member of the moderate New Democratic Coalition, many of whom were elected toward the end of President Bill Clinton’s second term in office as part of his efforts to move the Democratic Party to the center on several economic issues.
Thursday, July 05
Date: 05 Jul 18 Time: 14:21
Progressive Rises 36% in a Year: Will the Bull Run Continue? - July 5, 2018
Reasons Behind the RallyThe company delivered a positive earnings surprise in the last three reported quarters with an average beat of 8.86%.It has been continuously generating an improved top line, driven by a sustained increase in premiums as well as net investment income. The company’s ROE expanded 490 basis points year over year to 18.9% and betters the industry average of 5.3%.Progressive’s rates are very competitive in all its markets and it continues to gain from its extended multi-product offering. The company has several initiatives under way, aimed at providing consumers with distinctive new auto insurance options.Other Noteworthy FactorsLower tax rate due to the overhaul in tax policy, which slashed the rate to 21% from 35%, should lend an additional boost to the bottom line.Progressive’s concerted efforts to enhance its shareholder value should make it an attractive pick for yield-seeking investors and in turn, should continue to drive the stock.The Zacks Consensus Estimate for earnings and revenues translates into a year-over-year improvement of 60.1% and 19.1% for 2018, respectively.Progressive sports a Zacks Rank #1 (Strong Buy). These apart, a strong job market scenario distinguished by a lowered unemployment rate and an increase in disposable income should lend support to the industry performance.The stock carries a favorable VGM Score of B.
Thursday, June 21
Wednesday, June 20
Date: 20 Jun 18 Time: 16:31
A.M. Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries
Progressive’s risk-adjusted capitalization has benefited from long-term, consistently favorable underwriting results, consistent investment income and significant realized and unrealized capital gains in its investment portfolio given the favorable performance of equity markets in more recent years. These positive rating factors are offset partially by Progressive’s high underwriting leverage relative to industry averages. However, Progressive has operated historically with elevated underwriting leverage while consistently generating favorable underwriting results. Progressive’s debt-to-adjusted capitalization remains within A.M. Best’s expectation consistent with the holding company’s current rating level. As of Dec. 31, 2017, the most recently available year-end data, The Progressive Corporation, along with its subsidiaries, had $38.7 billion in total assets and approximately $9.3 billion in total shareholder equity. This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
Thursday, June 14
Date: 14 Jun 18 Time: 19:55
Progressive's (PGR) May Earnings Ride on Higher Revenues
Moreover, the bottom line is driven by an improved top line and solid policies in force.Quarter to date, shares of Progressive have gained 2.3% against the industry’s 2.2% decrease. The top line improved 21% year over year owing to a 21% increase in premiums, 36% higher investment income, 28% growth in fees and other revenues plus a 30% rise in service revenues.Total expenses escalated 13.3% to nearly $2.2 billion. The Property business had about 1.7 million policies in force in the reported month, up 34% year over year.Progressive’s book value per share was $17.75 as of May 31, 2018, up nearly 15.6% from $15.35 as of May 31, 2017.Return on equity in the trailing 12 months was 21.7%, expanding 210 bps from 19.6% in May 2017. Click to get this free report RLI Corp. (RLI) : Free Stock Analysis Report The Progressive Corporation (PGR) : Free Stock Analysis Report Markel Corporation (MKL) : Free Stock Analysis Report Alleghany Corporation (Y) : Free Stock Analysis Report To read this article on Zacks.com click here.
Monday, May 28
Date: 28 May 18 Time: 11:03
BNP Paribas Arbitrage SA Cuts Holdings in Progressive Corp (PGR) – Macon Daily
Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progressive and related companies with MarketBeat.com's FREE daily email newsletter. Schroder Investment Management Group now owns 171,779 shares of the insurance provider’s stock worth $10,466,000 after acquiring an additional 8,046 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Progressive by 10.7% during the first quarter. IFM Investors Pty Ltd now owns 18,520 shares of the insurance provider’s stock worth $1,128,000 after acquiring an additional 1,783 shares in the last quarter. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Following the completion of the transaction, the chief financial officer now owns 376,423 shares in the company, valued at $22,781,119.96.
Key Stats & Ratios
|Quaterly Earnings Growth||69.20%|
|Quaterly Revenue Growth||17.50%|
|Revenue per share||48.04|