Is PGR a good stock to buy?
We came across a bullish thesis on The Progressive Corporation on The Fat Pitch’s Substack
In this article, we will summarize the bulls’ thesis on PGR. The Progressive Corporation’s share was trading at $200.26 as of June 8th. PGR’s trailing and forward P/E were 10.38 and 12.53 respectively according to Yahoo Finance.
Copyright: convisum / 123RF Stock Photo Progressive (PGR) is described as a long-held core holding for the investor base, having been accumulated over time at an average cost of $162.5 per share, reflecting strong conviction in its long-term insurance franchise. The company operates as a leading US personal lines insurer with strength in auto insurance, benefiting from scale, underwriting discipline, and a structurally advantaged direct distribution model. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential Despite stock pullback, fundamentals improved in FY2025 with revenue growth of 15%, combined ratio improving to 87.4%, investment income rising 26%, and book value per share up 18%, demonstrating strong underlying earnings momentum. However, near-term pressures include moderation in net earned premium per policy, slower policy growth, and intensifying competition as the US auto insurance market transitions into a softer pricing environment.