For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Progressive (PGR) ten years ago? It may not have been easy to hold on to PGR for all that time, but if you did, how much would your investment be worth today?
With that in mind, let's take a look at Progressive's main business drivers.
Based in Mayfield Village, OH, The Progressive Corporation is one of the major auto insurers in the country. Founded in 1965, Progressive is a leading independent agency writer of private passenger auto coverage, and the market share leader for the motorcycle products since 1998. Progressive operates through three business segments.
Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Progressive ten years ago, you're likely feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in February 2015 would be worth $10,229.33, or a gain of 922.93%, as of February 27, 2025, and this return excludes dividends but includes price increases.
The S&P 500 rose 182.18% and the price of gold increased 131.60% over the same time frame in comparison.
Looking ahead, analysts are expecting more upside for PGR.
Progressive continues to gain on higher premiums, given its compelling product portfolio, leadership position and strength in both Vehicle and Property businesses. Its focus on becoming a one-stop insurance destination, catering to customers opting for a combination of home and auto insurance, augurs well for the company's growth. Policies in force and retention ratio should remain healthy. Competitive pricing to retain current customers and address customer needs with new offerings should continue to drive policy life expectancy. Shares of Progressive have outperformed the industry over the past year. However, exposure to catastrophe losses induces underwriting volatility. Escalating expenses due to higher losses and settlement expenses remain an overhang on the margin. Its high debt level induces higher interest expense concerns.
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The Progressive Corporation (PGR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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