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Is The Progressive (PGR) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of The Progressive (PGR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

The Progressive is a member of our Finance group, which includes 828 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. PGR is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for PGR's full-year earnings has moved 14.84% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, PGR has gained about 6.85% so far this year. At the same time, Finance stocks have lost an average of 3.62%. This means that The Progressive is performing better than its sector in terms of year-to-date returns.

Looking more specifically, PGR belongs to the Insurance - Property and Casualty industry, which includes 49 individual stocks and currently sits at #67 in the Zacks Industry Rank. This group has lost an average of 4.69% so far this year, so PGR is performing better in this area.

Investors with an interest in Finance stocks should continue to track PGR. The stock will be looking to continue its solid performance.


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