Progressive Surpasses Q4 Expectations
(NYSE:PGR), known for its significant presence in the auto insurance industry, released its fourth-quarter results on Jan. 29. The company reported diluted earnings per share (EPS) of $4.01, which exceeded analysts' consensus expectations of $3.57. Revenue stood at $19.144 billion, likewise surpassing the estimated $18.297 billion.
Source: Analysts' estimates for the quarter provided by FactSet.
Progressive operates primarily within the insurance sector, particularly in auto insurance, where it ranks as the second-largest provider in the U.S. Personal lines insurance, including auto policies, accounted for 79% of total net premiums in 2023.
Source Fool.com
Progressive Corp. Stock
€197.76
-1.660%
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As a result the target price of 285 € shows a positive potential of 44.11% compared to the current price of 197.76 € for Progressive Corp..
