Progressive (PGR) Stock

We have just put together a list of the 12 Best Big Name Stocks to Invest in Right Now. In this article, we will examine how The Progressive Corporation (NYSE:PGR) compares to other top big name stocks available for investment. Big name stocks are well-known companies that are easily recognized and have a strong presence in the market.

PGR appears to be in a good position to enhance its premiums, maintain a stable policy life expectancy, invest in technology, and have a strong capital base.

Progressive (PGR 1.06%), a major player in the auto insurance market, announced its fourth-quarter results on January 29. The company reported diluted earnings per share (EPS) of $4.01, surpassing analysts' average prediction of $3.57.

Progressive's results for the fourth quarter of 2024 show an increase in premiums compared to the previous year.

The main figures for Progressive (PGR) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be helpful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Progressive (PGR) reported quarterly earnings of $4.08 per share, which is higher than the Zacks Consensus Estimate of $3.43 per share. This is an increase compared to last year's earnings of $2.96 per share.

MAYFIELD VILLAGE, OHIO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) has announced its results for the month and the quarter that ended on December 31, 2024.

We have just put together a list of the 12 Best Fundamental Stocks to Buy Right Now. In this article, we will examine how The Progressive Corporation (NYSE:PGR) compares to other top fundamental stocks available for purchase. On Friday, January 24, the S&P 500 index fell by 0.3% to close at 6,101.24, changing direction after reaching a peak.

In 2024, major improvements in private-passenger auto insurance results have led to changes in competition, especially in Florida, the third-largest state in the US. Companies like Progressive and GEICO, which have seen great success recently, have boosted their advertising spending as they shift from cutting back to expanding. Florida is vital for both companies, representing 14.4% and 16.5% of their total private auto premiums in 2023.