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Is The Progressive (PGR) Stock Outpacing Its Finance Peers 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 one of 813 individual stocks in the Finance sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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 #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for PGR's full-year earnings has moved 7.76% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that PGR has returned about 25.53% since the start of the calendar year. In comparison, Finance companies have returned an average of -1.96%. 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, which includes 47 individual stocks and currently sits at #162 in the Zacks Industry Rank. Stocks in this group have gained about 6.48% so far this year, so PGR is performing better this group in terms of year-to-date returns.

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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