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INX:PGR, Sep 26, 09:43 UTC

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Report: Exploring Fundamental Drivers Behind Ocean Power Technologies, Amicus Therapeutics, Interpace Diagnostics Group, The Progressive, Fanhua, and Parsley Energy — New Horizons, Emerging Trends, and Upcoming Developments

PGR

The new research reports from Fundamental Markets, available for free download at the links above, examine Ocean Power Technologies, Inc. (NASDAQ:OPTT), Amicus Therapeutics, Inc. (NASDAQ:FOLD), Interpace Diagnostics Group, Inc. (NASDAQ:IDXG), The Progressive Corporation (NYSE:PGR), Fanhua Inc. (NASDAQ:FANH), and Parsley Energy, Inc. (NYSE:PE) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Please download the entire research report, free of charge, to ensure you are reading all relevant material information. The report will be for the fiscal period ending October 31st, 2018. The Progressive's Recent Financial Performance. For the three months ended June 30th, 2018 vs June 30th, 2017, The Progressive reported revenue of $8,018.00MM vs $6,605.70MM (up 21.38%) and basic earnings per share $1.20 vs $0.63 (up 90.48%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, The Progressive reported revenue of $26,839.00MM vs $23,441.40MM (up 14.49%) and analysts estimated basic earnings per share $2.74 vs $1.77 (up 54.80%).

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  • Financial

Monday, September 24


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Allstate, Progressive, State Farm group calls out law firms driving up insurance costs with spurious

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The following year, the firm filed 8,404. As of August this year, the firm had been responsible for 3,497 Volusia cases – representing 56% of all the small claims cases filed in the county. Insurance industry experts warn that the surge is part of a statewide trend driven by lawyers who are looking to make high-volume business out of filing claims involving motorists in personal injury protection (PIP) – a program under Florida’s no-fault insurance statute that provides coverage of up to $10,000. State law also provides for a system called “one-way attorney’s fees,” which means if an insurance company loses a lawsuit or settles for unfavorable terms, it must pay the medical provider’s attorney’s fees. However, if the medical provider loses, it does not have to pay for the insurance company’s fees. “There’s a whole cottage industry of law firms that have sprung up over several decades,” Carlson said, whose organization represents insurers such as State Farm, Progressive, Allstate and Farmers.

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  • Health
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Friday, September 21


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Progressive Corp. or Travelers Companies: Which Scores Higher?

PGR TRV

The third quarter of a year generally bears the brunt of unprecedented catastrophes as it marks the peak of hurricane season.Nonetheless, factors like better pricing, favorable rate environment, sturdy capital surplus, strengthening labor market and improving employment scenario poise the industry well for improved performances. A higher net investment income in turn is estimated to contribute to top-line improvement.Also, a lower tax should help expand margins as well as widen scope for more capital deployment via dividend hikes, special dividends and share buybacks.The industry has rallied 16.1% quarter to date, outperforming the Zacks S&P 500 Composite’s increase of 6.7%. It has a market cap of $35.9 billion.Two better-ranked stocks from the same industry are Alleghany Corp. Y and Hallmark Financial Services, Inc. HALL, both sporting a Zacks Rank #1 (Strong Buy). Thus, Progressive emerges a clear winner in this round.Price PerformanceProgressive has outperformed both Travelers and the industry in a year. While shares of Progressive have surged 48.4%, the Travelers stock has gained 10.4%.

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Wednesday, September 19


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Overstock.com Introduces Lease-to-Own Service Through Progressive Leasing

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SALT LAKE CITY, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (OSTK) recently launched its newest addition to Overstock Financial Services, a fully integrated lease-to-own purchase option provided through Progressive Leasing, a wholly-owned subsidiary of Aaron’s, Inc. (AAN). Upon submitting an application, each customer will receive an instant decision. If approved, purchasing with Progressive’s lease-to-own option is as simple as selecting Progressive as the payment type and proceeding to checkout, following the standard checkout process. “As the leading lease-to-own provider, we’re thrilled to be able to partner with Overstock to help shoppers currently underserved by other payment methods to purchase the items they need or want today, while driving incremental sales and improving customer satisfaction for our retail partners,” said Blake Wakefield, President and Chief Revenue Officer at Progressive Leasing. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers.

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Monday, September 17


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Why Progressive (PGR) Could Beat Earnings Estimates Again

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The company boasts an average surprise for the past two quarters of 6.79%. For the most recent quarter, Progressive was expected to post earnings of $1.08 per share, but it reported $1.19 per share instead, representing a surprise of 10.19%. For the previous quarter, the consensus estimate was $1.18 per share, while it actually produced $1.22 per share, a surprise of 3.39%. Price and EPS Surprise. For Progressive, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. We expect the company's next earnings report to be released on October 16, 2018. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

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Friday, September 14


News

Progressive's August Earnings Rise on Stronger Revenues

PGR

The figure was driven by an improved top line.Year to date, shares of Progressive have rallied 22.1%, outperforming the industry’s 9.5% increase. Net premiums earned were about $2.5 billion, up 21% from $2 billion recorded last August.Net realized income on securities in the quarter was $76.4 million against the prior-year loss of 11.7 million.Combined ratio — percentage of premiums paid out as claims and expenses — improved 1150 basis points (bps) year over year to 92.3%.Total operating revenues came in at $2.6 billion. Special Lines inched up 1% from the year-earlier month to 4.4 million policies.In Progressive’s Personal Auto segment, Agency Auto expanded 14% to 6.2 million while Direct Auto increased 17% to nearly 6.8 million.Progressive’s Commercial Auto segment rose 9% year over year to 0.7 million. Investors interested in property and casualty insurance space might also consider some other top-ranked stocks like Alleghany Corporation Y, NMI Holdings, Inc.NMIH and The Navigators Group, Inc. NAVG, each sharing the solid Zacks Rank with Progressive.

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Thursday, September 13


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Thursday, September 06


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Progressive® Introduces ELD Usage-Based Insurance Program for Commercial Truck Drivers

PGR

MAYFIELD VILLAGE, Ohio, Sept. 6, 2018 /PRNewswire/ -- Progressive (PGR), the #1 truck insurer and a leader in Usage-Based Insurance (UBI), is excited to launch Smart Haul, its ELD UBI program for commercial truck drivers. "And we think turning the ELD requirement into an opportunity to save some money for safe driving will appeal to lots of truckers. Our extensive experience providing UBI to our auto customers through our long-running Snapshot® program helped us introduce this innovation for the commercial truck market." After years of data collection and investments in research and development, Progressive began using the Smart Haul name last year for a precursor program that helped provide truckers with ELD devices free of charge in exchange for sharing their data for analysis. That extensive data set, combined with insights gained from more than twenty-five billion miles of Snapshot driving data, and working closely with leading ELD vendors allowed Progressive to create and test the Smart Haul UBI program the company is announcing today.

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News

Supreme Theater in the Kavanaugh Confirmation Hearings - Progressive.org

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He talked about coaching his daughters in basketball and told the committee he hoped to be remembered at a “good dad.” Meanwhile, in the background, protester after protester was hauled out of the room screaming. After waiting through seven hours of debate and seventy arrests before he finally gave his opening statement on Tuesday, Trump’s nominee spent all day Wednesday declining to state what he really thinks about abortion, gun control, or even his own writings indicating that he believes a sitting president should not have to endure a criminal investigation or answer a subpoena. Kavanaugh won’t come out and say he supports overturning Roe, but his record tilts toward heavily restricting access to abortion. And then there is Kavanaugh’s long record of partisanship. When he worked with Ken Starr on the Monica Lewinsky case, he urged Starr to press Clinton with a series of graphic sexual questions designed to humiliate the President. Kavanaugh told the Senate judiciary committee he never saw those emails when he was confirmed to the court of appeals. But Senator Patrick Leahy, Democrat of Vermont, said that the emails were part of the load of documents Kavanaugh handled that were given to the committee—and evidence that Kavanaugh perjured himself.

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Wednesday, September 05


News

Why Progressive Stock Gained 13% in August

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Demitrios Kalogeropoulos, The Motley FoolMotley FoolSeptember 5, 2018, 3:44 PM GMT. What happened. Auto insurance giant Progressive (NYSE: PGR) outpaced the market by gaining 13% last month compared to a 3% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally added to solid gains for long-term investors, who've seen their shares trounce the market over the past one-, three-, and five-year time frames. So what. Progressive reported second-quarter results early in the month that contained more evidence of the market-beating operating trends that investors have come to expect from the insurance leader.

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  • Financial