Progressive Corporation (PGR) Among the Best Value Stocks to Buy for Long Term
The Progressive Corporation (NYSE:PGR) is one of the Best Value Stocks to Buy for the Long Term. On March 4, The Progressive Corporation (NYSE:PGR) held its fiscal Q4 and full-year 2025 investor event.
The company delivered standout 2025 results, with a 40% return on equity and $13 billion in comprehensive income. Net written premiums for the year increased by more than $8.8 billion, reflecting 12% year-over-year growth, while policies in force grew by almost 3.7 million, reflecting a 10% increase year-over-year. Management noted that it grew its market share in the private passenger auto market to 18.5%.
Moreover, the company’s private passenger auto market share reached 18.5%, reflecting a 2% increase driven by 12% policy growth in personal auto. The combined ratio stayed below 90%, within the 96% target. CEO Tricia Griffith noted:
”Our focus on strategic growth and innovation positions us well for future success, even as we navigate a competitive and evolving market landscape.”
Separately, on March 2, Paul Newsome from Piper Sandler reiterated a Buy rating on The Progressive Corporation (NYSE:PGR) with a price target of $259. Earlier, on February 23, Gregory Peters from Raymond James also reiterated a Buy rating on the stock with a $245 price target.
The Progressive Corporation (NYSE:PGR) is a major U.S. insurance holding company specializing in property-casualty insurance, primarily through its subsidiaries.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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