The Progressive Company (NYSE:PGR) is likely one of the finest low volatility massive cap shares to put money into. BMO Capital analyst Michael Zaremski lifted the value goal for The Progressive Company (NYSE:PGR) to $260 from $247 on November 21 whereas retaining a Market Carry out score on the shares.
The score replace got here after the corporate reported its October outcomes, with the agency stating that whereas The Progressive Company (NYSE:PGR) solely repurchased a token $24M in October, it expects the corporate to repurchase within the low billions by way of 2026 if its P/E a number of stays under 15-times.
BMO added that The Progressive Company (NYSE:PGR) has had persistently wonderful margins, with double-digit auto inflationary pressures decelerating off all-time highs.
The Progressive Company (NYSE:PGR) reported its October earnings on November 19, with $7.002 billion in web premiums written in 2025 in comparison with $6.578 billion in the identical month final 12 months. Web earnings for the month additionally rose to $846 million in 2025 in comparison with $408 million in October 2024, reflecting a change of 107%.
The Progressive Company (NYSE:PGR) is an insurance coverage holding firm that gives residential property insurance coverage, private and business auto insurance coverage, and different specialty property-casualty insurance coverage and associated companies. The corporate operates by way of the Private Strains, Industrial Strains, and Property segments.
Whereas we acknowledge the potential of PGR as an funding, we consider sure AI shares supply better upside potential and carry much less draw back danger. Should you’re searching for a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.
READ NEXT: 30 Shares That Ought to Double in 3 Years and 11 Hidden AI Shares to Purchase Proper Now.
Disclosure: None. This text is initially revealed at Insider Monkey.
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