Progressive (PGR) stock outperformed the market, with shares rising 9.9% in the last month.
From Nasdaq: 2024-11-29 17:45:15
Progressive (PGR) closed at $268.88, up 0.76% from the previous day, outperforming the S&P 500. The insurer’s shares rose 9.9% in the last month, exceeding the Finance sector and S&P 500 gains. Earnings projections for Progressive include an EPS of $3.16 and revenue of $19.84 billion for the upcoming quarter.
Investors should monitor analyst revisions for Progressive, as they often reflect business trends. The Zacks Rank system, with Progressive currently at #3 (Hold), has a history of outperformance. The company’s Forward P/E ratio is 20.22, higher than its industry average, with a PEG ratio of 0.74.
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Read more at Nasdaq: Progressive (PGR) Outperforms Broader Market: What You Need to Know
