Markets
PGR

Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is The Progressive (PGR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

The Progressive is a member of our Finance group, which includes 854 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PGR is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for PGR's full-year earnings has moved 4.50% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, PGR has returned 7.72% so far this year. Meanwhile, stocks in the Finance group have gained about 6.70% on average. As we can see, The Progressive is performing better than its sector in the calendar year.

Looking more specifically, PGR belongs to the Insurance - Property and Casualty industry, a group that includes 45 individual stocks and currently sits at #78 in the Zacks Industry Rank. This group has lost an average of 0.30% so far this year, so PGR is performing better in this area.

Investors in the Finance sector will want to keep a close eye on PGR as it attempts to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Progressive Corporation (PGR): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PGR

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More