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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