PGR Stock Recent News

Dow Jones, S&P500, and Nasdaq 100 post gains as traders await GDP data, inflation reports, and key earnings from Apple, Amazon, Meta, and Microsoft.

Investors have been drawn to Progressive (PGR -0.08%) stock lately, in part because the insurer posted some encouraging numbers in its first-quarter earnings report. There's a price to pay for popularity, however.

Let's assess the various aspects of PGR stock and determine the right course of action for it.

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Zacks.com users have recently been watching Progressive (PGR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

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Progressive Corporation has gained 27% over the past year, retaining most gains despite market sell-off, with solid Q1 results indicating strong performance. PGR's frequent monthly reporting provides transparency. Q1 earnings missed by $0.35 due to $212 million in securities losses, but revenue surged 17% with strong premium growth. Investments in technology and AI have increased expenses, but improved loss performance and a strong combined ratio suggest future profitability and operational efficiency.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

What the stock market gives, the stock market can take away. A mere one day after Progressive (PGR -3.53%) delivered first-quarter results that satisfied investors, a recommendation downgrade by an analyst on Thursday made the stock something of a pariah.

The Progressive Corporation PGR posted weaker-than-expected first-quarter results on Wednesday.