Comments for PGR - Stockpickr! Your Source for Stock Ideas

Comments for PGR

Added By	Comments	Type	Date Added
barrons3	The investment in the Baltimore-based asset manager reflects a significant rebalancing out of the fund's profitable energy exposure -- which had peaked at 15% early this year, and included FMC Technologies (FTI), Noble (NE), and Smith International (SII) -- into financials. Since the spring, Sloan also has added People's United Financia l (PBCT), Moody's Investor Service (MCO) and Progressive (PGR) as part of boosting his weighting in financials from 5% to 15%.	Love	September 20, 2008
barrons2	Hold - Price 18.75 on Aug. 13 by Sandler O'Neill The insurance-holding company announced July operating EPS of 14 cents, [which beat] our 10-cent monthly estimate. The earnings surprise was largely driven by better-than-expected underwriting results, which accounted for 3 cents of the beat. Progressive reported a loss ratio of 71.7%, versus our expectation for 73.5%. It is increasingly looking like higher gas prices are causing drivers to decrease the amount that they drive -- which ultimately results in lower-than-expected accident frequency. We are adjusting our 2008 EPS estimate to $1.35, up from $1.31, to reflect the July results. Market cap: $12.7 billion.	Love	August 16, 2008
barrons2	Some stocks that are underwater but still appear attractive as contrarian plays include Macy's, Discover Financial (DFS) and Progressive (PGR).	Love	December 29, 2007
sampark67	Value and Management	Love	November 22, 2007
john1940	Top insurance company that just hiccupped. Looking for recovery	Love	October 11, 2007
teggers7758	charts show upward growth for last 5 years $19.06 x20 shares $381.20	Love	September 17, 2007
gaijinalways	Progressive CP	Love	September 17, 2007
karl jacobsen	competitive auto/boat insurer that has been flat to down past 18 mos.Recently announced 100 million $ buyback + $2/sh extra. dividend	Love	June 20, 2007
ittapsue	employee stock gift	Love	June 18, 2007
kazre454	highlights and good buy back	Love	June 17, 2007
Barrons	From Barron's 6-18-07: "The nation's third-largest auto insurer, Progressive (PGR), will use about $3 billion in excess capital to pay a special dividend of $2 a share and to repurchase up to 100 million of its shares over the next two years."	Love	June 16, 2007
dave.war	no gain over the summer	Hate	June 16, 2007
Barrons	From Barron's 5-28-07 "Barron's has highlighted Progressive's impressive underwriting skill and shareholder-friendly approach in the past, including a feature in 2004 ("Polished Performer," Nov. 1, 2004) that preceded a 30% climb in its shares by late 2005. Since then, the stock has declined from the low-30s to 22.74. Progressive conservatively held its competitive fire in recent years as Berkshire Hathaway's (BRK-A) Geico gunned ad spending and slashed prices. Now Progressive is getting aggressive again on pricing and premium growth. The drop in the stock has brought Progressive's multiple on forecast 2007 earnings to 12, near the low end of the company's historical range and rather modest for a company that has routinely produced a return on equity of 20%. The Street is focused on the genuine near-term challenges. But over a multi-year horizon, Progressive's strong industry position and disciplined management should reward investors nicely."	Love	May 26, 2007
Coll22	undervalued, strong earnings potential, consistent, value	Love	May 02, 2007
BRIAN CALDOW	OWN	Love	January 27, 2007
parmesh bhalla	Car Insurance Cycle	Love	January 09, 2007
Ed Latham	Purchase Price: $23.50 Year 2006 Deep Value. Will gain share in soft market. 30% upside. 5% downside.	Love	January 05, 2007
Tigo	auto insurance giant which is still having a very good underwriting profit although the retaining of customers needs to improve but is dirt cheap right now	Love	January 03, 2007