Professional
Added to YB: 2025-01-16
Pitch date: 2024-12-31
PGR [bullish]
The Progressive Corporation
+0.29%
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
$235.68
Price Target
N/A
Dividend
2.20%
EV/EBITDA
9.69
P/E
12.25
EV/Sales
1.62
Sector
Insurance
Category
growth
Fiduciary Management Portfolio Holding: The Progressive Corporation
PGR: 2nd largest US auto insurer, expanding into home & commercial. Low-cost direct distribution, tech & analytics drive competitive edge. Taking market share with attractive pricing & above-avg margins/ROE. Strong growth amid industry recovery from pandemic. Shares up but still trade at discount to market.
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