Added to YB: 2024-05-17
Pitch date: 2024-04-23
PGR [bullish]
The Progressive Corporation
+12.18%
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
$209.35
Price Target
N/A
Dividend
2.20%
EV/EBITDA
9.69
P/E
12.25
EV/Sales
1.62
Sector
Insurance
Category
growth
The London Company Large Cap Strategy Portfolio Holding: The Progressive Corporation
PGR +31% in Q1 on better margins & faster growth vs peers. PIF growth positive, pricing actions taken. Profitability tops industry as ad spend cut while preferred customer mix grows. Superior underwriting risk segmentation drives best-in-class accident frequency results.
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