Progressive (PGR) Gains As Market Dips: What You Should Know

Progressive (PGR) closed at $221.02, up 1.56% and outperforming the S&P 500's 0.48% decline. The insurer is projected to report earnings of $4.01 per share (down 0.99% YoY) with revenue expected at $23.29 billion (up 4.83%). Progressive holds a Zacks Rank #3 (Hold) with a Forward P/E of 12.25, trading at a premium to its industry average of 11.39.