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Posted by Defense World Staff on Jul 24th, 2026

Bank of Nova Scotia lessened its holdings in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 69.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 389,312 shares of the insurance provider’s stock after selling 878,084 shares during the quarter. Bank of Nova Scotia owned about 0.07% of Progressive worth $77,180,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Bogart Wealth LLC lifted its holdings in shares of Progressive by 235.1% in the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Bard Associates Inc. bought a new stake in Progressive in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC increased its holdings in Progressive by 700.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 126 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in Progressive in the 4th quarter worth $29,000. Finally, Entrust Financial LLC bought a new position in shares of Progressive during the 4th quarter valued at about $33,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Progressive Trading Up 1.2% Shares of NYSE PGR opened at $207.06 on Friday. The business’s 50 day moving average is $209.60 and its two-hundred day moving average is $205.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.27. The Progressive Corporation has a 1-year low of $189.20 and a 1-year high of $254.93. The stock has a market capitalization of $120.99 billion, a P/E ratio of 10.38, a PEG ratio of 2.75 and a beta of 0.26.

Progressive Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s payout ratio is currently 2.01%.

Analyst Ratings Changes PGR has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on Progressive from $205.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $250.00 price target on shares of Progressive in a report on Tuesday, July 14th. UBS Group lifted their price objective on Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Morgan Stanley lowered their target price on Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Finally, William Blair reissued a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Progressive currently has an average rating of “Hold” and an average price target of $235.05.

View Our Latest Analysis on Progressive

Insider Activity at Progressive In other Progressive news, Director Jeffrey D. Kelly sold 7,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the transaction, the director owned 22,546 shares in the company, valued at $4,877,376.18. The trade was a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Jo Murphy sold 5,916 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the completion of the sale, the insider directly owned 41,290 shares in the company, valued at approximately $8,258,000. This represents a 12.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 15,230 shares of company stock worth $3,165,817. Company insiders own 0.32% of the company’s stock.

About Progressive (Free Report)

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.

See Also Five stocks we like better than Progressive Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding PGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Progressive Corporation (NYSE:PGR – Free Report).

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Progressive (PGR - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this insurer have returned -7.2%, compared to the Zacks S&P 500 composite's +0.4% change. During this period, the Zacks Insurance - Property and Casualty industry, which Progressive falls in, has gained 1.7%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Progressive is expected to post earnings of $3.64 per share for the current quarter, representing a year-over-year change of -10.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.

For the current fiscal year, the consensus earnings estimate of $17.56 points to a change of -3.8% from the prior year. Over the last 30 days, this estimate has changed +3.2%.

For the next fiscal year, the consensus earnings estimate of $16.2 indicates a change of -7.7% from what Progressive is expected to report a year ago. Over the past month, the estimate has changed -1.5%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Progressive is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Progressive, the consensus sales estimate of $23.23 billion for the current quarter points to a year-over-year change of +4.5%. The $92.14 billion and $97.53 billion estimates for the current and next fiscal years indicate changes of +6% and +5.8%, respectively.

Last Reported Results and Surprise HistoryProgressive reported revenues of $23.01 billion in the last reported quarter, representing a year-over-year change of +6.4%. EPS of $4.85 for the same period compares with $4.88 a year ago.

Compared to the Zacks Consensus Estimate of $23.09 billion, the reported revenues represent a surprise of -0.37%. The EPS surprise was +3.19%.

Over the last four quarters, Progressive surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Progressive is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Progressive. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.

We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.

The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.

The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.

The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.

In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.

Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.

Should You Consider Capital Southwest?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Capital Southwest (CSWC - Free Report) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $0.58 a share, just 13 days from its upcoming earnings release on August 3, 2026.

By taking the percentage difference between the $0.58 Most Accurate Estimate and the $0.55 Zacks Consensus Estimate, Capital Southwest has an Earnings ESP of +6.10%. Investors should also know that CSWC is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

CSWC is one of just a large database of Finance stocks with positive ESPs. Another solid-looking stock is Progressive (PGR - Free Report) .

Progressive, which is readying to report earnings on October 21, 2026, sits at a Zacks Rank #3 (Hold) right now. Its Most Accurate Estimate is currently $3.65 a share, and PGR is 92 days out from its next earnings report.

For Progressive, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $3.64 is +0.40%.

CSWC and PGR's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.

Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>

Posted by Defense World Staff on Jul 18th, 2026

Allspring Global Investments Holdings LLC reduced its position in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,096 shares of the insurance provider’s stock after selling 54,370 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Progressive worth $66,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allstate Corp boosted its stake in shares of Progressive by 106.1% in the 4th quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock valued at $10,136,000 after purchasing an additional 22,915 shares during the last quarter. Norges Bank bought a new position in Progressive during the fourth quarter worth $1,836,094,000. Investment House LLC bought a new position in Progressive during the fourth quarter worth $8,447,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Progressive by 5.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock valued at $411,506,000 after buying an additional 97,275 shares during the period. Finally, Van Cleef Asset Management Inc lifted its holdings in Progressive by 1.2% in the fourth quarter. Van Cleef Asset Management Inc now owns 761,587 shares of the insurance provider’s stock valued at $173,429,000 after buying an additional 9,017 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Transactions at Progressive In related news, insider Steven Broz sold 1,157 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $204.76, for a total transaction of $236,907.32. Following the transaction, the insider directly owned 27,511 shares of the company’s stock, valued at $5,633,152.36. This trade represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the transaction, the director owned 22,546 shares in the company, valued at approximately $4,877,376.18. This trade represents a 23.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,230 shares of company stock worth $3,165,817 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Progressive News Roundup Here are the key news stories impacting Progressive this week:

Positive Sentiment: Reuters reported that Progressive’s quarterly profit rose on higher auto insurance demand, reinforcing the view that core underwriting and pricing trends remain healthy. Progressive’s quarterly profit rises on higher auto insurance demand Positive Sentiment: Some commentary remains constructive after Q2, noting that Progressive continues to grow policies and remains a leading property and casualty insurer, which may help investor confidence. Progressive Is The P&C Insurer To Hold, After Policies Grow In Q2 Neutral Sentiment: Bank of America raised its price target to $308 and kept a buy rating, signaling optimism even though the target was trimmed slightly from prior levels. Progressive Given New $308.00 Price Target at Bank of America Neutral Sentiment: Other analysts also reduced their forecasts after the mixed Q2 report, but several still view the shares as fairly valued to modestly attractive from current levels. Progressive Analysts Slash Their Forecasts After Q2 Results Negative Sentiment: BMO Capital Markets cut its price target to $205 and kept a market perform rating, reflecting a more cautious stance following the earnings release. BMO Capital Markets price target cut Negative Sentiment: Keefe, Bruyette & Woods also lowered its target to $226 and maintained a market perform rating, adding to the post-earnings analyst headwinds. KBW price target cut Analyst Ratings Changes A number of brokerages have weighed in on PGR. William Blair reiterated a “market perform” rating on shares of Progressive in a report on Wednesday. UBS Group boosted their price objective on Progressive from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. HSBC upped their target price on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Mizuho lifted their target price on Progressive from $217.00 to $243.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada set a $208.00 price target on Progressive in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Progressive has an average rating of “Hold” and a consensus price target of $235.05.

Get Our Latest Analysis on PGR

Progressive Stock Up 0.9% PGR stock opened at $207.73 on Friday. The firm has a market capitalization of $121.38 billion, a PE ratio of 10.42, a P/E/G ratio of 3.87 and a beta of 0.26. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The Progressive Corporation has a twelve month low of $189.20 and a twelve month high of $254.93. The stock’s 50 day moving average is $208.77 and its 200-day moving average is $206.50.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.13. The business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $23.51 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.Progressive’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.37 earnings per share. Sell-side analysts expect that The Progressive Corporation will post 17.39 EPS for the current fiscal year.

Progressive Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Progressive’s payout ratio is currently 2.03%.

Progressive Profile (Free Report)

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.

Featured Stories Five stocks we like better than Progressive AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings Want to see what other hedge funds are holding PGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Progressive Corporation (NYSE:PGR – Free Report).

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Key Takeaways Progressive earned $4.85 per share, beating estimates by 3.2%, as premiums written rose 5%.Net premiums earned grew 6% to $21.6 billion, while securities gains surged 56% to $604 million.Personal Lines policies rose 8% to 38.9 million, but the combined ratio worsened 110 bps to 87.1%. The Progressive Corporation’s (PGR - Free Report) second-quarter 2026 earnings per share of $4.85 beat the Zacks Consensus Estimate by 3.2%. The bottom line, however, decreased 6.1% year over year.

Behind the HeadlinesNet premiums written were $21.1 billion in the quarter, up 5% from $20.1 billion a year ago.

Net premiums earned grew 6% to $21.6 billion. The reported figure met the Zacks Consensus Estimate.

Net realized gains on securities were $604 million, up 56% year over year.

Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 110 basis points (bps) from the prior-year quarter’s level to 87.1.

June Numbers in DetailsOperating revenues grew 2.5% year over year to $7.6 billion, driven by 2.1% higher net premiums earned, a 11.5% increase in net investment income, a 2% rise in fees and other revenues, and 6.7% higher service revenues. The top line missed the Zacks Consensus Estimate by 1.2%.

Total expenses rose 6.1% to $6.6 billion, attributable to 5.3% higher losses and loss adjustment expenses, a 0.6% increase in policy acquisition costs, a 12.5% rise in other underwriting expenses, and a 8.5% increase in service expenses.

June Policies in ForcePolicies in force were solid in the Personal Lines segment, up 8% from the year-ago month’s figure to 38.9 million. Special Lines improved 7% to 7.3 million.

In the Personal Auto segment, Agency Auto increased 8% year over year to 11.2 million, while Direct Auto increased 10% to 16.7 million.

Progressive’s Commercial Auto segment policies rose 3% year over year to 1.2 million. The Property business had 3.6 million policies in force, up 1%.

Financial UpdateProgressive’s book value per share was $59.05 as of June 30, 2026, up 6.2% from $55.62 as of June 30, 2025.

Return on equity in June 2026 was 32.5%, down from 43.6% reported in the year-ago period. The total debt-to-total capital ratio deteriorated 210 bps to 19.6.

Zacks RankPGR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming ReleasesThe Travelers Companies Inc. (TRV - Free Report) will report second-quarter 2026 results on July 17, before market open. The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $5.16, suggesting a decrease of 20.7% from the year-ago quarter’s reported figure.

TRV’s earnings beat estimates in the last four quarters.

Chubb Limited (CB - Free Report) will report second-quarter 2026 results on July 21, after market close. The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $6.60 per share, indicating an increase of 7.5% from the year-ago quarter’s reported figure.

CB’s earnings beat estimates in the last four quarters.

W.R. Berkley Corporation (WRB - Free Report) will report second-quarter 2026 results on July 20, after market close. The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $1.09, suggesting an increase of 3.8% from the year-ago quarter’s reported figure.

WRB’s earnings beat estimates in three of the last four reported quarters, while missing in one.

15.7.2026 16:03, PNR, PGR, PYPL, ELV, BLK

Index Dow Jones +0,37 % na 52704,91 b. S&P 500 +0,41 % na 7574,82 b. Nasdaq Composite +0,61 % na 26265,92 b.

Nejsledovanější americké indexy v úvodu středečního obchodování posilují. Výsledková sezóna pokračuje a po reportu se daří akciím správce aktiv BlackRock (+7,2 %). Naopak po výsledcích ztrácejí akcie zdravotnické společnosti Elevance Health (-8,6 %). Bez výrazných pohybů se obchodují akcie farmaceutické společnosti Johnson & Johnson (-0,1 %), investiční banky Morgan Stanley (+0,6 %) či výrobce litografických zařízení ASML (+0,2 %). Podrobnosti výsledkových reportů naleznete v jednotlivých zprávách.

V popředí růstu jsou akcie PayPal (+16 %), a to poté, co agentura Reuters informovala, že Stripe a Advent International chtějí údajně koupit tohoto zprostředkovatele plateb za více než 53 mld. USD (60,5 USD na akcii).

Nejvíce ztrácejí akcie společnosti Pentair (-12 %), která se zaměřuje na úpravu vody. Firma totiž snížila svůj celoroční výhled. Analytici poukázali na slabé výsledky divize bazénů jako na hlavní brzdu růstu a dodali, že není jasné, jak a kdy se toto podnikání v bezprostřední budoucnosti zotaví. Pentair v celém roce nově očekává očištěný zisk na akcii v rozmezí 4,60 až 4,80 USD, dříve společnost projektovala 5,30 až 5,40 USD. Trh odhadoval 5,33 USD.

Americká pojišťovna Progressive (-7,8 %), která se specializuje na pojištění vozidel, oslabuje po zveřejnění výsledků hospodaření za 2Q. Čisté předepsané pojistné vzrostlo meziročně o 5 % na 21,08 mld. USD, což je mírně pod odhady 21,29 mld. USD. Zisk na akcii dosáhl 5,67 USD.

Index S&P 500 +0,41 % na 7574,82 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zbytná spotřeba +1,2 % Energie -0,5 % Komunikační služby +1,1 % Průmysl 0 % Reality +0,7 % Zdravotní péče +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna PayPal Holdings (PYPL) +16 % Pentair (PNR) -12 % Blackrock (BLK) +7,2 % Elevance Health (ELV) -8,6 % Ares Management Corp (ARES) +6,0 % Progressive Corp (PGR) -7,8 % Cintas Corp (CTAS) +5,8 % Corning (GLW) -6,0 % Vistra Corp (VST) +5,1 % Sandisk Corp (SNDK) -5,8 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

MAYFIELD VILLAGE, OHIO, July 15, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended June 30, 2026:

 JuneQuarter(millions, except per share amounts and ratios; unaudited) 2026  2025 Change 2026  2025 ChangeNet premiums written$6,772  $6,605 3 %$21,077 $20,076 5 %Net premiums earned$7,100  $6,954 2 %$21,573 $20,310 6 %Net income$779  $1,124 (31)%$3,311 $3,175 4 %Per share available to common shareholders$1.34  $1.91 (30)%$5.67 $5.40 5 %Total pretax net realized gains (losses) on securities$(13) $179 (107)%$604 $387 56 %Combined ratio 90.0   86.6 3.4 pts. 87.3  86.2 1.1 pts.Average diluted equivalent common shares 583.1   588.0 (1) % 584.2  587.8 (1)%  June 30,(thousands; unaudited)
2026 2025 % ChangePolicies in Force     Personal Lines     Agency – auto11,211 10,423 8Direct – auto16,721 15,245 10Special lines7,297 6,850 7Property3,631 3,608 1Total Personal Lines38,860 36,126 8Commercial Lines1,226 1,189 3Total40,086 37,315 7      
See Progressive’s complete monthly earnings release for additional information.

About Progressive

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States. 

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

PDF available: Progressive June 2026 Complete Earnings Release

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Source: Image created by Jester AI.

1. Netflix Heads Up the Week's Team Rule Breakers Earnings Netflix (NFLX 2.76%) – a Foundational Stock in Stock Advisor, and recommended by both Team Hidden Gems and Team Rule Breakers – brings us a Q2 update Thursday. The stock has fallen in 2026, despite a good start to the year, with management chasing a doubling in annual advertising revenue. ASML (ASML 0.40%) – beating the S&P 500 by 111% since March 2025's SA recommendation – is due to post Q2 earnings Wednesday morning, after beating expectations and lifting its full-year sales target in Q1. Expanding factory output is key now, following a rush of AI-driven chip orders for 2027. Intuitive Surgical (ISRG 1.16%) – a Rule Breakers Foundational Stock – will report Q2 figures Thursday, with the robotic-assisted surgery pioneer off to a healthy start in 2026. Watch for progress on upgrading client hospitals to da Vinci 5, and developments in AI tools. 2. Selected Q2 Earnings from Team Hidden Gems Recs U.S. Bancorp (USB +0.82%) reveals quarterly progress Thursday, after posting a 4.1% year-over-year (YoY) rise in net interest income in Q1. Management expects revenue growth between 4% and 6% for the full year. Other banks reporting this week include JPMorgan Chase (JPM +0.30%), Wells Fargo (WFC +0.29%), Bank of America (BAC +0.71%), Goldman Sachs (GS 0.07%), and Citigroup (C +0.87%) – all on Tuesday. Progressive (PGR +0.47%) provides its latest update Wednesday, after Q1 showed strong policy growth and higher earnings – with net income and EPS both up close to 10% YoY. Prologis (PLD 0.35%), recommended in Hidden Gems and Dividend Investor, reports Thursday, with the year so far dominated by land acquisitions to pursue its big push into the data center business.

3. Markets Uncertain as Inflation Looms

Markets ended on a high note Friday, after SK Hynix (SKHY +0.00%) climbed 13% following its IPO debut – though the Korean stock fell in morning trading today. The S&P 500 gained 1.2% over the week and the Nasdaq rose 1.7%. Futures dipped this morning as the U.S. and Iran continued to trade strikes, with the S&P 500 down 0.5% and the Nasdaq losing 1.4% in early trade.

Price rises set to slow – a little: Major banks lead off the new earnings season, as inflation hits the headlines again. The consumer price index (CPI) print is due Tuesday, expected to show a slowing to 3.8% year over year from May's 4.2% rise. Analysts expect core CPI dipping slightly, from 2.9% YoY to 2.8%. The producer price index update follows Wednesday, having hit 6.5% in May against the prior-year period. New Fed chair in the hot seat: Kevin Warsh testifies before Congress on Tuesday and Wednesday, following the latest CPI and PPI releases respectively, as stubbornly high inflation raises the chances of an interest rate hike. 4. Today's Take: The Risk You Never Noticed

I have a feeling I'll be repeating some of my colleagues here, but it's worthwhile to just drive the point home: The riskiest thing you can do is not invest. And it's surprisingly easy! Bull markets look expensive, bear markets look scary, and volatile markets make you want to wait and see what tomorrow will bring.-- Karl Thiel Team Rule Breakers

5. Your Take Which company's earnings are you most interested in following this quarter, and why?

Share with friends and family, or become a member to hear what your fellow Fools are saying!

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Progressive (PGR - Free Report) closed the most recent trading day at $234.40, moving +1.18% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.16%.

The insurer's stock has climbed by 15.69% in the past month, exceeding the Finance sector's gain of 5.72% and the S&P 500's gain of 2.14%.

Investors will be eagerly watching for the performance of Progressive in its upcoming earnings disclosure. On that day, Progressive is projected to report earnings of $4.56 per share, which would represent a year-over-year decline of 6.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.12 billion, up 6.95% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $17.26 per share and a revenue of $92.89 billion, representing changes of -5.42% and +6.84%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Progressive. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.55% higher. Progressive currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Progressive has a Forward P/E ratio of 13.42 right now. For comparison, its industry has an average Forward P/E of 12.05, which means Progressive is trading at a premium to the group.

One should further note that PGR currently holds a PEG ratio of 4.39. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. PGR's industry had an average PEG ratio of 2.52 as of yesterday's close.

The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 108, placing it within the top 44% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Investors seeking steady financial exposure face a choice between niche mortgage specialist Essent Group (ESNT +0.51%) and the diversified property and casualty giant Progressive (PGR +2.88%) as they head into 2026.

While both companies operate as insurers, they occupy very different corners of the financial landscape. Essent protects lenders against mortgage defaults, whereas Progressive provides broad coverage for vehicles and homes. This comparison evaluates which business model provides the better balance of growth and stability for your holdings.

The case for EssentEssent Group provides private mortgage insurance to mortgage lenders, including depository institutions and credit unions. The company focuses on single-family mortgage loans, helping borrowers with lower down payments secure financing while protecting lenders from losses. Its top ten customers generated about 59% of new insurance written in late 2025. One specific customer accounts for more than 10% of total revenue. Customer concentration like this adds a layer of risk to the business.

In FY 2025, revenue reached approximately $1.26 billion, a slight increase of from the prior year. Despite essentially flat revenue growth, the company generated net income of nearly $690.0 million, down about $40 million from 2024. This performance came during a period of steady demand for housing finance despite fluctuating interest rates.

As of its December 2025 balance sheet, the debt-to-equity ratio was roughly 0.1x. This ratio measures total debt relative to shareholders’ equity, and a low figure like this indicates that the company relies very little on borrowed funds.

The case for ProgressiveProgressive operates within the competitive landscape of insurance stocks, selling auto, home, and commercial protection. It reaches customers through direct channels like mobile apps and websites, as well as a vast network of independent agents. The company has a significant commercial presence, where its transportation network business accounts for roughly 14% of its commercial premiums. It remains a leader in using data to price risk more accurately than many rivals.

During FY 2025, revenue reached nearly $83.2 billion, representing a robust 12% growth over the previous year. The company reported a net income of $11.3 billion for the period. Its net margin was roughly 13.6%, a significant increase over prior years. This expansion in profitability suggests the company successfully adjusted its pricing to keep up with rising repair and medical costs.

Based on the December 2025 balance sheet, the debt-to-equity ratio was approximately 0.3x.

Risk profile comparisonEssent faces intense competition from other private mortgage insurers and government-supported programs like the FHA. Its business is highly sensitive to macroeconomic conditions, particularly mortgage interest rates and housing affordability. Because the company relies on a small number of large lenders, the loss of any major partner could significantly hurt its revenue. Additionally, regulatory changes regarding capital standards or housing finance reform could disrupt its core operations.

Progressive must navigate a highly competitive property and casualty market featuring rivals like The Allstate Corp (ALL +2.75%) and The Travelers Companies (TRV +2.30%). The company is exposed to unpredictable catastrophe risks, such as hurricanes or wildfires, which climate change may make more frequent. Profitability depends on the accuracy of its loss reserves in an inflationary environment where repair costs fluctuate. It also faces a complex legal environment with ongoing litigation that can impact its business practices and bottom line.

Valuation comparisonInvestors must decide between the discounted earnings multiple offered by Essent and the premium valuation that Progressive commands for its rapid revenue growth.

MetricEssentProgressiveSector BenchmarkForward P/E8.9x13.8x17.3xP/S ratio4.8x1.5xSector benchmark uses the SPDR XLF sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Essent is seen tallying revenue of $1.37 billion in 2026, a rise of about 9% as sluggish homebuying and mortgage refinancing crimp business. Net income is expected to decline to $663 million, a drop of about 4%. The business still has a health profit margin. The lack of housing affordability is raising concerns about lenders taking on more risk, extending mortgages to consumers who may have been denied in the past. Essent generally has a strong buyer, with an average credit rating of 745, which means the real risk is someone losing their job. Given the labor force’s 50-year low in participation rate, it suggests that people have given up hunting for work, which could trickle down to more bad loans affecting Essent.

Progressive, meanwhile, should see about a 6% rise in revenue to $88 billion in 2026. Net income is expected to drop about 8% to $10.4 billion. Higher fuel prices mean Progressive is tapping the brakes a bit on the scale of its price hikes for commercial drivers. The company continues to gain market share in the personal auto sector and is generally aggressive there. Profits are being clipped by that, with marketing spend expected to grow by 20% this year. The headwinds for American consumers are affecting businesses, but Progressive has shown it is able to weather downturns.

Not to equate the two periods in terms of risk, but the financial crisis of 2008 showed that the housing mortgage market is a great one until it isn’t. Choosing between Essent Group and Progressive probably comes down to your view of the economy and where it’s headed in the next year. Given the ‘K-shaped’ economy where most Americans are doing worse off, and hints that consumers are starting to feel the pinch in their wallets more, that suggests there could be risk ahead for mortgages, and therefore for Essent.

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Progressive (PGR - Free Report) , which belongs to the Zacks Insurance - Property and Casualty industry, could be a great candidate to consider.

This insurer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.83%.

For the last reported quarter, Progressive came out with earnings of $4.96 per share versus the Zacks Consensus Estimate of $4.84 per share, representing a surprise of 2.48%. For the previous quarter, the company was expected to post earnings of $4.44 per share and it actually produced earnings of $4.67 per share, delivering a surprise of 5.18%.

Price and EPS Surprise

For Progressive, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Progressive has an Earnings ESP of +5.49% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

There's no question that a recession could be a problem for Progressive (PGR +4.05%). If that economic downturn led to a bear market, it would be an even heavier burden. However, neither a recession nor a bear market is likely to derail Progressive as a business for very long. And a bear market might actually be a long-term opportunity for the auto insurance company. Here's why I wouldn't bet against Progressive in a recession.

What does Progressive do? Progressive largely sells auto insurance. It collects premiums up front and pays claims later. In the meantime, it gets to keep the cash, which is known as the float, and invest it. There's an important feature of auto insurance: You legally can't drive a car without it. So while a recession might be a headwind, consumers aren't going to stop buying auto insurance in large numbers. In this way, the business is fairly resilient.

Image source: Getty Images.

That said, the float is equally important to the story. At the end of the first quarter of 2026, Progressive had an investment portfolio of $96 billion. More than 90% of that portfolio was invested in bonds. That puts the company in a very strong position to weather financial adversity, noting that it generated over $1.5 billion in investment income in the quarter.

This, however, is where the story gets interesting. Recessions are often accompanied by bear markets. With so much of its portfolio in bonds and premiums still coming in regardless of the economic or market environment, a bear market could give Progressive the opportunity to lean more heavily into stocks. That, in turn, would provide greater upside potential when the next bull market arrived. Every bear market in history has been followed by a bull market, eventually.

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So, a recession could actually create more opportunities for Progressive and its shareholders. And if the stock gets dragged down with the rest of the market during a bear market, it could actually be an opportunity for new investors to jump aboard Progressive at more attractive prices.

Think long-term with Progressive Progressive was founded in 1937, so it isn't quite 100 years old. But the insurer has certainly proven it knows how to survive through economic and market volatility. Given Progressive's current portfolio and the cash it is generating, the company appears well prepared for the next recession and bear market. I wouldn't bet against the insurer when times get tough again, but I might consider buying it.

Progressive (PGR - Free Report) ended the recent trading session at $207.38, demonstrating a +1.23% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.

Coming into today, shares of the insurer had gained 2.69% in the past month. In that same time, the Finance sector gained 4.79%, while the S&P 500 gained 2.02%.

The upcoming earnings release of Progressive will be of great interest to investors. In that report, analysts expect Progressive to post earnings of $4.47 per share. This would mark a year-over-year decline of 8.4%. Our most recent consensus estimate is calling for quarterly revenue of $23.03 billion, up 6.55% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $16.82 per share and revenue of $92.97 billion, which would represent changes of -7.84% and +6.94%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Progressive. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.68% upward. Progressive presently features a Zacks Rank of #3 (Hold).

Looking at its valuation, Progressive is holding a Forward P/E ratio of 12.18. This expresses a premium compared to the average Forward P/E of 10.99 of its industry.

We can also see that PGR currently has a PEG ratio of 6.31. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Insurance - Property and Casualty industry stood at 2.33 at the close of the market yesterday.

The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 28% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

MAYFIELD VILLAGE, OHIO, June 17, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) (the “Company”) announced that Pat Callahan intends to retire from his role as the Company’s Personal Lines President after almost 24 years with the Company. Mr. Callahan will continue to serve in his current role until January 2027, and will continue to advise the Company on a part-time basis afterward. The Company will conduct an internal search for Mr. Callahan’s successor.

To support a smooth transition, Lori Niederst, currently CRM President, will move into a newly created role of Chief Personal Lines Officer, overseeing Personal Lines and CRM operations. Heather Day, currently General Manager, Customer Experience Strategy in the CRM organization, will move into the CRM President role in July.

“Pat has been a critical force behind our growth to an $80 billion company while consistently achieving our goal of a 96 combined ratio. He has been an incredible teacher, partner and mentor to me, and I appreciate that he will continue to advise me and my team after he retires from his current role,” said Tricia Griffith, the Company’s Chief Executive Officer, “At the same time, I am excited about the future. Lori brings a wealth of experience to her new role, having been CRM President and Chief Human Resources Officer, and having held HR roles in Claims. Having time to learn from Pat will round out her experiences. Heather stepping into the CRM President role will provide consistency for that organization and an opportunity for her to continue to grow and develop. Progressive has focused for many years on employee growth and development, which helps create the strong and deep bench of talent that allows for orderly transitions in our senior leadership roles,” Mrs. Griffith added.

About Progressive

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States. 

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Julianna Paterra
(231) 600-3060
[email protected]

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com

Progressive Corp (NYSE:PGR) reported a 36% surge in monthly net income and announced a leadership shake-up, as Personal Lines President Pat Callahan prepares to retire after nearly 24 years with the insurer.

The Cleveland-based auto insurer posted net income of $1.45 billion for the month ended May 31, up from $1.07 billion a year earlier, with earnings per share rising to $2.47 from $1.81.

Net premiums written grew 6% year-over-year to $7.037 billion, while net premiums earned rose 10% to $7.36 billion.

Total policies in force reached approximately 39.97 million, up 8% from the prior year. Direct auto policies climbed 11% to 16.715 million, while agency auto policies rose 8% to 11.172 million.

On the leadership front, Callahan will remain in his role until January 2027, then transition to a part-time advisory capacity.

To manage the transition, Lori Niederst, currently CRM president, will move into a newly created Chief Personal Lines Officer role overseeing both Personal Lines and CRM operations. Heather Day, currently general manager of Customer Experience Strategy within the CRM organization, will become CRM president in July.

Progressive said it will conduct an internal search for Callahan's permanent successor.

Key Takeaways PGR earned $2.47 per share in May 2026, with total revenues rising 9.4% year over year. Premium growth and a 13.2% increase in investment income helped offset higher expenses. The combined ratio improved to 82.1, while policies in force grew across vehicle and property lines. The Progressive Corporation (PGR - Free Report) reported earnings per share of $2.47 for May 2026, which jumped 36% year over year. The improvement stemmed from higher revenues and an increase in investment income, partially offset by a rise in expenses.

May Numbers in DetailProgressive recorded net premiums written of $7 billion, up 6% from $6.6 billion in the year-ago month. Net premiums earned were about $7.3 billion, up 10% from $6.7 billion reported in the year-ago month.

Net realized income on securities was $215 million, which increased 2% from the year-ago month.

Combined ratio — the percentage of premiums paid out as claims and expenses — improved 480 basis points (bps) year over year to 82.1.
PGR’s total revenues were $8 billion, up 9.4% year over year, owing to a 9.6% increase in premiums, a 13.2% jump in investment income, a 2% increase in fees and other revenues, and 11.3% higher service revenues.

Total expenses increased 3.6% to $6.2 billion, mainly due to higher losses and loss adjustment expenses, policy acquisition costs, other underwriting expenses, service expenses and interest expense.

In May 2026, policies in force (PIF) were impressive for both Vehicle and Property businesses. In the Vehicle business, the Personal Auto segment recorded an 8% year-over-year increase to 38.7 million policies. Special Lines policies increased 7% from the year-earlier month to 7.2 million.

In Progressive’s Personal Auto segment, Agency Auto PIF increased 8% to 11.1 million, while Direct Auto improved 11% to 16.7 million.
PGR’s Commercial Auto segment policies rose 3% year over year to 1.2 million.

The Property business had 3.6 million policies in force in the reported month, up 1% year over year.

The company’s book value per share was $58.11 as of May 30, 2026, up 10.1% from $52.77 on May 30, 2025.

                     In the trailing 12 months, the return on equity was 35.4%, having contracted 770 bps from 43.1% in May 2025. The debt-to-total-capital ratio deteriorated 170 bps year over year to 19.9 as of May 30, 2026.

Price PerformanceProgressive shares have lost 21.5% in the past year against the industry’s growth of 0.9%.

Image Source: Zacks Investment Research

Zacks RankProgressive currently carries a Zacks Rank #3 (Hold).

Stocks to ConsiderSome better-ranked stocks from the insurance industry are First American Financial Corporation (FAF - Free Report) , Mercury General Corporation (MCY - Free Report) and The Hanover Insurance Group, Inc. (THG - Free Report) . While FAF and MCY sport a Zacks Rank #1 (Strong Buy) each, THG carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

First American’s earnings surpassed estimates in each of the last four quarters, with an average surprise of 22.01%. Shares of FAF have jumped 17.3% in the past year. The Zacks Consensus Estimate for FAF’s 2026 and 2027 earnings implies year-over-year growth of 12.5% and 5.4%, respectively.

Mercury General’s earnings surpassed estimates in each of the last four quarters, the average surprise being 61.76%. Shares of MCY have jumped 61.4% in the past year. The Zacks Consensus Estimate for MCY’s 2026 earnings implies year-over-year growth of 44%.

The Hanover Insurance’s earnings surpassed estimates in each of the last four quarters, the average surprise being 28.54%. Shares of THG have jumped 19.6% in the past year. The Zacks Consensus Estimate for THG’s 2026 and 2027 revenues implies year-over-year growth of 4.7% and 4.8%, respectively.

After spending the past couple of years raising rates to catch up with soaring claim costs, auto insurers may be facing another test.

The Consumer Price Index rose 4.2% in May from a year earlier, marking the highest inflation reading in three years.

Although much of the increase was driven by energy prices, several categories that directly affect auto insurers remain elevated, including vehicle repair costs, maintenance expenses, and used car prices. Vehicle maintenance and repair costs rose 6.1% year over year in May, while used vehicle prices ticked higher after months of declines.

For Progressive (PGR +0.13%) and Allstate (ALL +0.08%), this is relevant.

Image source: Getty Images.

Battling inflation Auto insurers don't just sell policies. They assume the cost of repairing or replacing damaged vehicles. And when parts, labor, and used car prices rise, claims become more expensive.

That's exactly what happened during the inflation surge of 2021 through 2023.

Repair shops faced labor shortages. Replacement parts became harder to obtain. Used vehicle prices soared. Insurers aggressively raised premiums to restore profitability. And for a while, those efforts worked.

Progressive reported a companywide combined ratio of 86.4% during the first quarter of 2026 and 90.2% in April. Any combined ratio below 100% indicates an insurer is generating an underwriting profit before investment income. Policies in force also increased 8% year over year to nearly 39.8 million at the end of April.

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Allstate has also seen a dramatic turnaround. During the first quarter of 2026, the company reported an underlying auto insurance combined ratio of 89.5% and a recorded auto combined ratio of 81.9%. Auto policies in force increased 4.3% from the prior year as profitability improved after several years of significant rate increases.

Those numbers suggest both insurers successfully adjusted their pricing to reflect the new reality of higher claim costs.

The question now is whether they will need to do it again.

If repair costs continue to rise and used vehicle prices resume their upward climb, insurers could see claims costs accelerate faster than expected. That's worth keeping an eye on, as a lot of companies have already begun slowing the pace of rate increases after restoring profitability.

Adapting to change The insurers that perform best during the next several years likely won't be the ones adding the most policies. They will be the ones that respond fastest to changing claim trends.

Historically, Progressive has excelled in this area. Its telematics programs and pricing models let the company adjust rates quickly when loss trends change. That's one reason Progressive has consistently gained market share while maintaining strong underwriting profitability. Policies in force increased 10% during 2025, including 14% growth in direct auto policies.

Allstate has become increasingly disciplined as well. After years of prioritizing profitability over growth, the company has largely completed its repricing efforts and is now rebuilding its policy count.

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To be sure, inflation affects insurers differently from many other businesses.

Higher prices don't automatically translate into higher revenue. Insurers must accurately predict future claim costs and adjust premiums accordingly. When inflation accelerates unexpectedly, underwriting margins can deteriorate quickly.

That's why the most important metric to watch during the next year may not be policy growth; it probably will be the combined ratio.

After all, adding policies is relatively easy if an insurer is willing to lower prices or accept thinner margins. But that's not a winning strategy when claim costs are rising.

The combined ratio measures how much an insurer spends on claims and operating expenses for every dollar of premium it collects. As I noted earlier, a ratio of less than 100% means the company is generating an underwriting profit. A ratio above 100% means it's losing money on its insurance business before taking into account investment income.

That's what makes the metric so important during inflationary periods.

If repair costs, replacement parts, labor expenses, and used vehicle prices continue to rise, insurers that fail to adjust pricing quickly enough will see their combined ratios deteriorate. Policy growth may look impressive on the surface, but it won't matter much if each new policy is becoming less profitable.

The companies that tend to outperform during these periods are those willing to sacrifice some growth to protect underwriting margins. In other words, you should pay less attention to which company is writing the most new policies and more attention to the ones that accurately price risk.

That's particularly relevant today because both Progressive and Allstate have spent the past two years restoring profitability after the inflation shock that followed the COVID-19 pandemic. If inflation begins accelerating again, the next phase of the cycle won't be about rebuilding policy counts. It will be about proving that pricing remains ahead of claim costs.

And the fastest way to see who's winning that battle is by watching the combined ratio.

Property and casualty (P&C) insurer Progressive (PGR +0.32%) continued to knock it out of the park in the first quarter. So, then, why has it underperformed other insurance stocks? For instance, while Progressive shares are down over 23% in the last 12 months, Allstate shares are up nearly 12%.

While revenue and earnings growth has continued, it has slowed in recent quarters. There are also lingering concerns that a softening insurance market with increased competition, relaxed underwriting standards, and lower premiums, will eventually affect quarterly results.

Image source: Getty Images.

Diving deep into Progressive's Q1 2026 results For the first quarter, Progressive reported total revenue of $22.2 billion and net income of $2.8 billion, or around $4.81 per share. Underwriting margins came in at 13.6% . The company's combined ratio, which represents the percentage of premiums spent on claims and underwriting expenses, was 86.4. For comparison, most P&C insurers have combined ratios exceeding 90.

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Progressive managed to deliver strong margins while continuing to grow its total number of policies in force. Over the past year, policies in force increased 9%, from 36.3 million to 39.6 million.

Yet while Progressive's underwriting margins and growth remained industry-leading, the market had a mixed at best reaction to the latest figures. Metrics like net income and total policies in force fell slightly short of forecasts.

Premium and policyholder growth also slowed down in the quarter. Progressive reported a 6% year-over-year increase in premiums written, and an 8% increased in earned premiums. During the full year 2025, these figures were at 12% and 10%, respectively.

Shares remain pricey, despite continued uncertainty Progressive is about a month away from releasing quarterly results again, but as the company also issues monthly financial reports, investors aren't completely in the dark. On May 20, Progressive released its April 2026 financial report.

In April, Progressive once again reported solid net written and earned premium growth, with these metrics rising 6% and 7%, respectively, year-over-year. Net income also increased by 10% compared to the prior year's month. However, a large increase in realized investment gains skewed results; while Progressive's profitability increased by double digits, the company's combined ratio for the month came in at 90.2, meaning underwriting margins were only 9.8%, a big decline from reported margins during Q1 2026.

As Progressive did not provide any commentary alongside these figures, the root cause of this margin drop is unclear. We do know, based on commentary from CEO Tricia Griffith in the Q1 earnings call, that Progressive appears focused on capitalizing on a softening, more competitive insurance market to "continue on our growth trajectory."

With Griffith's comments suggesting a preference for growth over margins, it makes sense sell-side earnings forecasts remain downbeat, calling for earnings of $16.40 and $16.19 per share in 2026 and 2027, respectively. Compare that to 2025, when Progressive reported earnings of $18.25 per share . As uncertainty persists, you may want to stick to the sidelines. Progressive, trading for 12 times forward earnings, continues to trade at a premium to peers like Allstate, which trades for around 9 times earnings. That's not to say it will become one of the most undervalued stocks, but a further de-rating could be in store.

Progressive Corporation maintains exceptional market-share gains and strong underwriting but faces near-term EPS declines despite continued revenue growth. PGR is reinvesting profitability into customer acquisition and selective rate reductions, leading to margin pressure as competition intensifies and peers restore profitability. Consensus expects PGR's EPS to decline through 2028, with valuation at 12.5x forward earnings reflecting anticipated margin normalization and limited near-term earnings growth.

The stock market may have soared 15% from its late-March low to its recently reached record high. But inflation is still rising, economic growth remains anemic, and stocks are wildly expensive. You don't want to blindly jump on the bullish bandwagon here, simply because there's no certainty about what's next.

To this end, if you feel compelled to dial back some of your exposure to risky growth names and set your portfolio up for some solid, reliable income for whatever's coming down the pike, here are three high-yield dividend stocks to consider.

Vici Properties Given all the aforementioned potential problems with the economy, stepping into a stake in Vici Properties (VICI +0.89%) seems like a risky bet. The company's proven otherwise though, performing well when it seemingly shouldn't have and supporting its rising dividends with rising earnings growth.

It's a real estate investment trust, or REIT. That just means it owns a portfolio of real estate that it rents out and passes along the majority of its profit to shareholders without first taxing that income at the corporate level. This ultimately means investors pocket more of a company's income stream than they might get from more conventional divided-paying stocks.

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Even by REIT standards, however, Vici is a little unusual. Rather than apartment complexes, office buildings, or hotels, Vici owns properties like golf courses, concert venues, sports arenas, retail centers, and casinos, including several run by MGM and Caesars Entertainment. And there's the rub. These are seemingly cyclical industries -- businesses that slow when economic headwinds start blowing and consumers reduce spending.

Except, that's not actually the case. Largely serving more affluent consumers who can and do continue to spend even when things get economically tough, Vici's profitability has been surprisingly resilient. It obviously stumbled during the COVID-19 pandemic and briefly stalled in 2022.

It's target market is still spending, supporting bottom-line growth that in turn has allowed for eight consecutive years of dividend increases. That's not a lot. It's every year following this REIT's launch in 2017 though, with a dividend that's nearly doubled during this time. You would be plugging in while its forward-looking yield stands at 6.2%.

Enbridge The advent of renewable energy sources like solar and wind doesn't mean the planet is weaning itself from the use of crude oil and natural gas. Quite the opposite, actually. The International Energy Agency reports the world consumed more oil last year than it ever had before and is on pace to use even more this year. Indeed, the IEA expects global consumption of crude to continue growing through 2050. We're just not building alternative energy infrastructure fast enough. We still need a way of getting natural gas and crude oil from one place to another in the meantime.

Enter Enbridge (ENB 0.02%).

Simply put, Enbridge owns and operates more than 18,000 miles of crude and gas pipelines capable of transporting nearly 6 million barrels (or equivalent) every single day. The great part about this business is that the price of the natural gas or crude oil being delivered via these pipes is largely irrelevant -- Enbridge is effectively a tollbooth, paid for the amount of volume it handles. As long as Canada and the U. S. are drilling and consuming gas and oil, Enbridge is generating revenue regardless of energy prices.

Image source: Getty Images.

This of course is an ideal business model for a dividend-paying company. Revenue is pretty consistent, as are operating costs. That's how the company's been able to raise its annual per-share payout for 31 consecutive years. Newcomers will be getting in while the stock's yielding 5.3%.

Progressive Last but not least, add insurer Progressive (PGR +0.31%) to your list of high-yield dividend stocks to buy to defend your portfolio from the unknown while you can claim its forward-looking yield of... well, that's tricky. Although the company makes a modest quarterly payment, the bulk of its dividend comes in a lump sum early in the year based on the previous year's profitability.

This past January's special annual payment of $13.50 per share translates into a trailing dividend yield of about 7%. 

Much of the credit for this above-average yield goes to the fact that this stock has underperformed during the past 12 months, falling 30% from last May's peak. After a fantastic 2024, investors grew concerned that the insurance company would struggle to deliver a similar performance.

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Interestingly, the market was waiting on a headwind that never  materialized. Last year's total active policies increased by 10% year over year, driving premium growth of 8% and a 25% year-over-year increase in net income. And so far this year, the company's doing even better.

This still doesn't guarantee another big dividend come January; things could change between now and then. It certainly raises the odds of a big payment though.

Just bear in mind the inconsistent nature of Progressive's dividends means it's not a cornerstone holding for the income-producing portion of your portfolio, particularly if you need dividends to cover recurring living expenses. It's a fantastic fourth or fifth dividend position if you don't need a consistent income stream, just because it's capable of dishing out so much cash when it does.

It's been a tough past 12 months for Progressive's (PGR +0.31%) investors. Shares of the insurer are at a two-year low, in fact, down 30% from last May's peak. After a fantastic 2024, the market's been certain the company wouldn't be able to repeat the feat. And to be fair, a few of the company's recent quarterly reports were disappointing in one way or another.

Against this backdrop of doubt, however, the insurer has done phenomenally well when it seemingly wasn't supposed to. Last year's total premiums improved 12% year over year, while underwriting margins widened from 2024's 11.2% to a multiyear record of 12.6%. Total policies in force also improved from a little less than 35 million to over 38.6 million during this stretch, growing Progressive's share of the automobile insurance market from 15.6% to 17.2% as of last year. And all of these trends have been extended through the first quarter of this year.

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In other words, the company's climbing the wall of worry, even if its stock isn't.

Impressive, but not necessarily reliable To the extent corporate performance matters, yes, Progressive seems like a compelling buy at this time. But there's far more nuance to this story.

It's not the only reason to own any insurer's stock. If you're interested in Progressive or any of its peers, however, regular investment income likely is on your mind. And with a trailing dividend yield of more than 7%, this particular ticker is attractive to be sure.

Image source: Getty Images.

Just dig deeper into how these underlying payments are dished out. Although the company makes a modest quarterly dividend payment, the bulk of Progressive's annual per-share dividend is paid in a lump sum at the beginning of the year, based on the previous year's profitability. This past January's big dividend was $13.50, well up from the previous January's payment of $4.50, but both were miles above the company's usual yearly bump before 2025.

While these recent special payments have been amazing, there's no assurance they're sustainable. It ultimately depends on Progressive's ability to keep its underwriting engine revving like it is right now. It might. But the insurer's performance is teetering on too good to be true... or at least too good to last. The insurance industry has a funny, cyclical way of pushing back against unusual profitability. The insurance industry's recent record profits, in fact, finally has regulators taking a more scrutinizing look at several of these companies' practices and pricing.

Not the best fit for most people's needs Inconsistent or uncertain income isn't a reason in and of itself to avoid this ticker. It still has the potential to produce capital gains, and if you don't need predictable, quarterly investment income, the chance for the occasional sizable cash bump may be worth it to some investors.

If you need a consistent, steady flow of growing dividends you can count on, though -- perhaps to help cover recurring living expenses -- Progressive stock isn't your best bet despite what looks like a fantastic dividend yield right now.

A month has gone by since the last earnings report for Progressive (PGR - Free Report) . Shares have lost about 3.2% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Progressive due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for The Progressive Corporation before we dive into how investors and analysts have reacted as of late.

Progressive's Q1 Earnings Beat Estimates on Higher Premiums

The Progressive Corporation’s first-quarter 2026 earnings per share of $4.96 beat the Zacks Consensus Estimate by 2.5%. The bottom line increased 6.7% year over year.

Behind the Headlines

Net premiums written were $23.6 billion in the quarter, up 6.5% from $22.2 billion a year ago.

Net premiums earned grew 8% to $20.9 billion. The reported figure beat the Zacks Consensus Estimate by 1.5%.

Operating revenues grew 8.2% year over year to $22.3 billion, driven by 8% higher net premiums earned, a 12.7% increase in net investment income, a 3.5% rise in fees and other revenues, and 13.5% higher service revenue. The top line missed the Zacks Consensus Estimate by 1.2%.

Total expenses rose 8.4% to $18.6 billion, attributable to 8% higher losses and loss adjustment expenses, a 5.6% increase in policy acquisition costs, a 12.1% rise in other underwriting expenses, and a 12% increase in service expenses.

Net realized loss on securities was $120 million, narrower than the loss of $212 million in the year-ago quarter.

Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 40 basis points (bps) from the prior-year quarter’s level to 86.4.

March Policies in Force

Policies in force were solid in the Personal Lines segment, up 9% from the year-ago month’s figure to 38.3 million. Special Lines improved 7% to 7.1 million.
In the Personal Auto segment, Agency Auto increased 9% year over year to 11 million, while Direct Auto increased 12% to 16.5 million.

Progressive’s Commercial Auto segment policies rose 3% year over year to 1.2 million. The Property business had 3.6 million policies in force, up 2%.

Financial Update

Progressive’s book value per share was $54.82 as of March 30, 2026, up 11% from $49.39 as of March 30, 2025.

Return on equity in March 2026 was 35.2%, down from 39.3% reported in the year-ago period. The total debt-to-total capital ratio deteriorated 150 bps to 20.7.

How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month.

VGM ScoresCurrently, Progressive has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a grade of B on the value side, putting it in the top 40% for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Progressive has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

MAYFIELD VILLAGE, OHIO, May 20, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2026:

 April(millions, except per share amounts and ratios; unaudited) 2026   2025  ChangeNet premiums written$7,278  $6,837  6%Net premiums earned$7,112  $6,641  7%Net income$1,087  $986  10%Per share available to common shareholders$1.86  $1.68  11%Total pretax net realized gains (losses) on securities$402  $(3) NM Combined ratio 90.2   84.9  5.3pts.Average diluted equivalent common shares 585.3   587.7  0%NM = Not Meaningful         April 30,(thousands; unaudited)
2026 2025 % ChangePolicies in Force     Personal Lines     Agency – auto11,108 10,246 8Direct – auto16,645 14,938 11Special lines7,168 6,705 7Property3,639 3,590 1Total Personal Lines38,560 35,479 9Commercial Lines1,207 1,174 3Total39,767 36,653 8      
See Progressive’s complete monthly earnings release for additional information.

About Progressive

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. 

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Julianna Paterra
(231) 600-3060
[email protected]

The Progressive Corporation 
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com

Download PDF: Progressive April 2026 Complete Earnings Release

Progressive (PGR - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this insurer have returned -2.2%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Insurance - Property and Casualty industry, which Progressive falls in, has gained 1.3%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Progressive is expected to post earnings of $3.80 per share for the current quarter, representing a year-over-year change of -22.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%.

The consensus earnings estimate of $16.4 for the current fiscal year indicates a year-over-year change of -10.1%. This estimate has changed +0.2% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $16.45 indicates a change of +0.3% from what Progressive is expected to report a year ago. Over the past month, the estimate has remained unchanged.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Progressive.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Progressive, the consensus sales estimate of $22.78 billion for the current quarter points to a year-over-year change of +5.4%. The $92.39 billion and $99.41 billion estimates for the current and next fiscal years indicate changes of +6.3% and +7.6%, respectively.

Last Reported Results and Surprise HistoryProgressive reported revenues of $22.31 billion in the last reported quarter, representing a year-over-year change of +8.2%. EPS of $4.96 for the same period compares with $4.65 a year ago.

Compared to the Zacks Consensus Estimate of $22.03 billion, the reported revenues represent a surprise of +1.27%. The EPS surprise was +2.48%.

Over the last four quarters, Progressive surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Progressive is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Progressive. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Progressive (PGR - Free Report) closed the most recent trading day at $199.66, moving -1.45% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.17%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.09%.

Heading into today, shares of the insurer had lost 0.05% over the past month, outpacing the Finance sector's loss of 0.4% and lagging the S&P 500's gain of 4.59%.

The investment community will be paying close attention to the earnings performance of Progressive in its upcoming release. The company's earnings per share (EPS) are projected to be $3.8, reflecting a 22.13% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $22.78 billion, reflecting a 5.37% rise from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.41 per share and a revenue of $92.39 billion, signifying shifts of -10.08% and +6.27%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Progressive. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. As of now, Progressive holds a Zacks Rank of #3 (Hold).

From a valuation perspective, Progressive is currently exchanging hands at a Forward P/E ratio of 12.35. This signifies a premium in comparison to the average Forward P/E of 10.94 for its industry.

It is also worth noting that PGR currently has a PEG ratio of 5.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Insurance - Property and Casualty industry had an average PEG ratio of 2.46.

The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 34% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.