- Some investors may be wondering whether Progressive’s share price still reflects good value after a long period of strength in the insurance sector, or whether much of the opportunity is already priced in.
- The stock last closed at US$203.69, with a roughly 4% decline year to date and a 20.5% drop over the past year, following stronger 3 year and 5 year returns of 57.3% and 160.1% respectively.
- Recent coverage has focused on broader auto insurance industry trends and how pricing, underwriting standards and claim costs are affecting major carriers such as Progressive. This context is important because shifts in sentiment around these themes can influence how investors view the risk profile associated with the current share price.
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