Professional
Added to YB: 2024-11-21
Pitch date: 2024-11-06
PGR [bullish]
The Progressive Corporation
-7.05%
current return
Author Info
No bio for this author
Company Info
The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters.
Market Cap
$130.9B
Pitch Price
$252.65
Price Target
N/A
Dividend
2.20%
EV/EBITDA
9.69
P/E
12.25
EV/Sales
1.62
Sector
Insurance
Category
growth
NZS Capital Growth Equity Strategy Portfolio Holding: The Progressive Corporation
PGR: Industry-leading auto insurer using telematics to disrupt. Better risk assessment via phone app enables targeted pricing, improving risk pool. Lower claims cost offsets GEICO's underwriting advantage. Top combined ratio allows marketing investment, driving growth. 2nd largest, doubled market share in decade. Fragmented industry suggests continued gains.
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