US OptionsDetailed Quotes
PGR240719C210000
- 14.84
- +3.41+29.83%
15min DelayClose Jul 18 15:59 ET
19.09High14.43Low
15.15Open11.43Pre Close80 Volume807 Open Interest210.00Strike Price146.22KTurnover99.02%IV0.14%PremiumJul 19, 2024Expiry Date14.53Intrinsic Value100Multiplier0DDays to Expiry0.31Extrinsic Value100Contract SizeAmericanOptions Type0.9341Delta0.0126Gamma15.12Leverage Ratio-0.8563Theta0.0040Rho14.12Eff Leverage0.0131Vega
Progressive Stock Discussion
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The auto insurance sector has outperformed other financial stocks this year. Among them, Progressive's stock price has risen by more than 30%. Buffett has repeatedly praised Progressive for its "discipline in underwriting," and said in an interview that the company "does a better job" than Berkshire Hathaway's Geico.
■ Auto insurance prices have increased significantly since the epidemic
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■ Auto insurance prices have increased significantly since the epidemic
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The market participants seem to hold the company in higher regard given its growth track record. The strong share price momentum suggests that the company is doing better recently, which might present an investment opportunity.
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Josh Shanker argues Progressive's valuation is undervalued and set to increase significantly. He disputes the notion of overpriced shares, stating they align with historical and market multiples. He also believes consensus numbers are too low and the Street is lagging on Progressive's 2025 earnings forecasts.
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Walmart $Walmart(WMT.US$
$Advanced Micro Devices(AMD.US$
Costco $Costco(COST.US$
Taiwan Semiconductor $Taiwan Semiconductor(TSM.US$
CrowdStrike $CrowdStrike(CRWD.US$
JPMorgan $JPMorgan(JPM.US$
Airbnb $Airbnb(ABNB.US$
Palantir $Palantir(PLTR.US$
Qualcomm $Qualcomm(QCOM.US$
Target $Target(TGT.US$
Bank of America $Bank of America(BAC.US$
Wells Fargo $Wells Fargo & Co(WFC.US$
Spotify $Spotify Technology(SPOT.US$
...
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BofA Securities asserts Progressive's shares are fairly priced, trading within historical range. They believe consensus numbers underestimate the business's value. Their earnings per share forecast is 31% higher than consensus.
Analysts maintain their views on Progressive's business post-results, expecting it to outpace industry growth. The company's long-term earnings trajectory is deemed more crucial than next year's performance.
Progressive Planet's sale of the Kiln is a strategic move to bolster its balance sheet. The company's significant reduction of long-term debt over the past two years showcases its strong financial management.
Progressive Planet's PozGlass pilot plant construction marks a significant milestone. Their sustainable solutions could disrupt the construction industry and aid global sustainable housing needs.
Analysts predict Progressive's growth to outpace the industry, with a projected 15% annual growth until 2024, compared to its past 11% per annum growth. Despite no significant changes in business prospects, analysts maintain their earnings forecasts.
Piper Sandler analysts find Boston Scientific, Expedia Group, Progressive Corporation, Skechers U.S.A., Synovus Financial, and Zoetis Inc. stocks attractive due to their individual strengths and positive trends.
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Paul Anthony Chin : amazing engineering building this very good in the world with this
Titus Obiorah Paul Anthony Chin: You wrote all that without mentioning the stock symbol
binjh : Progressive has cheap car insurance. Everyone is on a tight budget because they are raping the middle class to death. Stocks with cheap prices will do good.