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Has The Progressive (PGR) Outpaced Other Finance Stocks This Year?

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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is The Progressive (PGR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

The Progressive is a member of the Finance sector. This group includes 851 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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).

Within the past quarter, the Zacks Consensus Estimate for PGR's full-year earnings has moved 5.38% 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 18.12% so far this year. At the same time, Finance stocks have gained an average of 10.52%. 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 45 individual stocks and currently sits at #103 in the Zacks Industry Rank. This group has gained an average of 3.11% 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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