Best insurance stock today - progressive insurance stock outlook : Progressive Insurance ( ( PGR - Analyst Report ) )is a Zacks Rank #1 stock with a positive earnings ESP of 4.65% for the current quarter. The company is expected to make 43 cents a share, but our ESP readings are looking for a profit of 45 cents.
Progressive is unique in that it�s one of the only companies that reports earnings monthly. While this may diminish volatility, it allows investors to keep a more constant eye on the company�s health.
Progressive is trading at 17 times forward earnings, but has been delivering solid growth even with super storm Sandy. Strength in their last report was primarily driven by 9% year over year growth in net premiums and 111% escalation in net realized investment gains. Expectations are for the company to grow earnings at roughly 7% year over year.
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Econo Car Rental ArubaYour best value in car rentals A favorite of repeat visitors econoaruba.com, Progressive reports earnings on April 10th.
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