
- Progressive’s net premiums earned amounted to $6.72 billion, showing an increase of 1.1% month-over-month.
- Net premiums written by Progressive totaled $6.63 billion, reflecting a 3% decrease from the previous month.
- Earnings per share (EPS) for Progressive rose to $1.81, compared to $1.68 in the prior month.
- Analyst ratings for Progressive included 15 buys, 7 holds, and 1 sell.
Progressive Corp on Smartkarma
Analyst coverage of Progressive Corp on Smartkarma by Baptista Research reveals a positive outlook. Titled “Progressive Corporation: Leveraging Advanced Machine Vision Technology to Influence Market Position Positively!”, the research delves into the company’s latest financial results, emphasizing strong performance and strategic advancements. Led by CEO Tricia Griffith, Progressive focuses on technology and operational efficiency, with a keen eye on competitive pricing in claims processes. Baptista Research evaluates various factors that could impact the company’s future stock price and conducts an independent valuation using a Discounted Cash Flow (DCF) methodology.
A look at Progressive Corp Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 3 | |
Growth | 5 | |
Resilience | 3 | |
Momentum | 3 | |
OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Progressive Corp has a positive long-term outlook based on its high scores in growth factors. With a score of 5 in Growth, the company is projected to experience significant expansion and advancement in the foreseeable future. This indicates a strong potential for Progressive Corp to increase its market share and profitability over the long run.
While Progressive Corp may not score as high in other areas such as Value, Dividend, Resilience, and Momentum, its strong focus on Growth suggests promising prospects ahead. As an insurance holding company providing various insurance services across the United States, Progressive Corp‘s emphasis on growth factors portrays a forward-looking and proactive approach to solidifying its position in the market.
Summary of the company: The Progressive Corporation is an insurance holding company offering personal and commercial automobile insurance, along with specialty property-casualty insurance and related services within the United States.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars