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Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?

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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is The Progressive (PGR - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

The Progressive is a member of our Finance group, which includes 854 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics 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 4.50% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, PGR has returned 7.72% so far this year. Meanwhile, stocks in the Finance group have gained about 6.70% on average. As we can see, The Progressive is performing better than its sector in the calendar year.

Looking more specifically, PGR belongs to the Insurance - Property and Casualty industry, a group that includes 45 individual stocks and currently sits at #78 in the Zacks Industry Rank. This group has lost an average of 0.30% so far this year, so PGR is performing better in this area.

Investors in the Finance sector will want to keep a close eye on PGR as it attempts to continue its solid performance.


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