ProgressivePGR
About: Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Employees: 61,400
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
74% more first-time investments, than exits
New positions opened: 216 | Existing positions closed: 124
19% more call options, than puts
Call options by funds: $723M | Put options by funds: $609M
18% more capital invested
Capital invested by funds: $105B [Q2] → $123B (+$18.6B) [Q3]
17% more funds holding in top 10
Funds holding in top 10: 64 [Q2] → 75 (+11) [Q3]
14% more repeat investments, than reductions
Existing positions increased: 624 | Existing positions reduced: 549
6% more funds holding
Funds holding: 1,498 [Q2] → 1,590 (+92) [Q3]
3.03% less ownership
Funds ownership: 86.27% [Q2] → 83.24% (-3.03%) [Q3]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
TD Cowen Andrew Kligerman 91% 1-year accuracy 10 / 11 met price target | 7%downside $237 | Hold Maintained | 8 Nov 2024 |
Evercore ISI Group David Motemaden 60% 1-year accuracy 9 / 15 met price target | 11%upside $285 | Outperform Maintained | 6 Nov 2024 |
Barclays Alex Scott 67% 1-year accuracy 35 / 52 met price target | 8%upside $277 | Equal-Weight Maintained | 23 Oct 2024 |
Morgan Stanley Bob Huang 100% 1-year accuracy 11 / 11 met price target | 21%upside $310 | Overweight Maintained | 18 Oct 2024 |
Keefe, Bruyette & Woods Meyer Shields 79% 1-year accuracy 70 / 89 met price target | 13%upside $290 | Outperform Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 31 articles about PGR published over the past 30 days
