Progressive Surpasses Q4 Expectations
(NYSE:PGR), known for its significant presence in the auto insurance industry, released its fourth-quarter results on Jan. 29. The company reported diluted earnings per share (EPS) of $4.01, which exceeded analysts' consensus expectations of $3.57. Revenue stood at $19.144 billion, likewise surpassing the estimated $18.297 billion.
Source: Analysts' estimates for the quarter provided by FactSet.
Progressive operates primarily within the insurance sector, particularly in auto insurance, where it ranks as the second-largest provider in the U.S. Personal lines insurance, including auto policies, accounted for 79% of total net premiums in 2023.
Source Fool.com
Progressive Corp. Stock
€208.70
-1.670%
The stock is an absolute favorite of our community with 52 Buy predictions and no Sell predictions.
With a target price of 272 € there is a positive potential of 30.33% for Progressive Corp. compared to the current price of 208.7 €.
