Progressive Story

PGR -- USA Stock  

USD 76.73  1.18  1.51%

Macroaxis News
  
By Nathan Young

Progressive is an insurance company that helps many people cover everything from vehicles to homes to RV’s. Insurance in the United States is a must for automobiles, which allows for the market to have a for sure market.

Insurance Covers Many Different Categories Around the World from Fire to Home

Taking it a step further, there are other niche markets such as fire, earthquake, and hurricane that may be present in one part of the country while non-existent in others. Insurance is a highly competitive industry that typically comes down to price and service.




Looking at the stock chart using the monthly time frame, you can see that the stock has increased dramatically since the financial crisis of 2007/2008. Insurance is one of those industries that will always be used, despite the market conditions. However, when times get rough, people may be needing insurance money for certain events and if another financial crisis happens, the investments the insurance companies are using may go down in value. Overall, for Progressive, their stock has returned wonderful numbers for their investors post 2008.

There are other insurance companies that play in the same space and you have to take a look at their sales and how they operate. Ensure their investments are safe and they have contingency plans in place if there are unexpected numbers and policies that have to paid out. These types of companies are great to look at from a fundamental analysis because you have to ensure they are liquid enough to pay people.

Taking a look at the risks, there are many we can look at, but here are a few to keep in mind. First, look at the different types of insurances in the different markets and see how they compete. Earthquake insurance may not work for someone in North Dakota but will sell well for someone in California. Ensure the niche sales are competitive with others. Secondly, ensure they are covering the broad market, such as auto insurance and health insurance because these are two of the most notable. Slowing in these could indicate future pressures. Lastly, just ensure they have a respected brand image and customer service because many people complain about customer service and that would be a driving factor for people to shop elsewhere.

If your portfolio can handle more investments, take a look at Progressive and the insurance market and see if it can add value to your portfolio. Research well and compare them against others in the same market, giving you an idea of which ones are providing the best value. If you get stuck, reach out to an investing professional and they can help to point you in the right direction.

Progressive Revenue

Progressive exotic insider transaction detected

Progressive Corporation insider trading alert for general transaction of common by John Sauerland, VP and Chief Financial Officer, on August 19, 2019. This event was filed by Progressive Corp with SEC on 2019-08-19. Statement of changes in beneficial ownership - SEC Form 4 [view details]   

About Contributor

Nathan Young
   Nathan Young is a Senior Member of Macroaxs Editorial Board - US Equity Analysis. With years of experience in the financial sector, Nathan brings a diverse base of knowledge. Specifically, he has in-depth understanding of application of technical and fundamental analysis across different equity instruments. Utilizing SEC filings and technical indicators, Nathan provides a reputable analysis of companies trading in the United States. View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Nathan Young do not own shares of Progressive Corporation. Please refer to our Terms of Use for any information regarding our disclosure principles.

Story Momentum

This article from Macroaxis published on 22 of May contributed to the next trading period price escalation.The trading delta at closing time to the next next day price was 0.07% . The trading delta at closing time when the story was published to current price is 87.26% .

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Total Debt

Total Debt Comparative Analysis

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      Progressive Comparables 
Progressive is currently under evaluation in total debt category among related companies. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principle payments will eventually prevent the firm from borrow excessively.
Additionally take a look at Progressive Hype Analysis, Progressive Correlation and Progressive Performance. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
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