Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
PGR [bullish]
The Progressive Corporation
+15.82%
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
$202.77
Price Target
N/A
Dividend
2.20%
EV/EBITDA
9.69
P/E
12.25
EV/Sales
1.62
Sector
Insurance
Category
growth
Artisan Global Value Fund Portfolio Holding: The Progressive Corporation
PGR +30% Q4 as it adapted to challenges: grew customers while raising rates & improving underwriting, a rare trifecta. Outperformed peers, gained share to ~15% of personal auto market. No longer cheap but high quality, low-cost advantage warrants holding.
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