Progressive Corporation (PGR): Today's Featured Insurance Laggard
(
) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Progressive Corporation fell $0.28 (-1.1%) to $25.74 on heavy volume. Throughout the day, 5,161,631 shares of Progressive Corporation exchanged hands as compared to its average daily volume of 3,009,200 shares. The stock ranged in price between $25.31-$25.98 after having opened the day at $25.87 as compared to the previous trading day's close of $26.02. Other companies within the Insurance industry that declined today were:
(
), down 2.2%,
(
), down 1.8%,
(
), down 1.6% and
(
), down 1.6%.
The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. Progressive Corporation has a market cap of $15.7 billion and is part of the financial sector. Shares are up 23.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Progressive Corporation a buy, 5 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Progressive Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Progressive Corporation Ratings Report.
On the positive front,
(
), up 8.2%,
(
), up 6.4%,
(
), up 6.3% and
American Independence Corporation
(
), up 5.8% , were all gainers within the insurance industry with
(
) being today's featured insurance industry leader.
- Use our insurance section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
(
) while those bearish on the insurance industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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