From Yahoo Finance: 2025-06-29 12:53:00

The Progressive Corporation (NYSE:PGR) is ranked among the best fundamental stocks to buy by hedge funds. Keefe, Bruyette & Woods reaffirmed its Market Perform rating, with a $288 price target. Earnings per share estimates for 2025 and 2026 were raised, with an estimated $15.85 EPS for 2027.

Progressive’s EPS outlook was revised upwards after the May 2025 earnings report. Keefe, Bruyette & Woods attributed the enhanced outlook to reduced expense ratios, larger reserve releases, and faster growth in investment income. Concerns were raised about near-term pressure on Progressive’s core loss ratio.

As a leading insurance holding company in the US, The Progressive Corporation (NYSE:PGR) offers residential property insurance, commercial, and personal auto insurance. While PGR shows investment potential, some AI stocks may offer greater upside potential with less downside risk. Consider exploring the best short-term AI stock for potential investment opportunities.

For more information on top-performing stocks, check out the 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds. Disclosure: None.



Read more at Yahoo Finance: Progressive EPS Outlook Raised; KBW Keeps Market Perform Rating