에 대한 최신 뉴스 Progressive (NYSE:PGR) 주식

Progressive

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

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보험사들은 플로리다에서 두 개의 강력한 허리케인인 헬렌(Helene)과 밀턴(Milton) 이후 심각한 도전에 직면해 있다. 무슨 일이 (What Happened): 허리케인 헬렌 이후 민간 보험사의 손실은 30억~60억 달러로 추산되었다. 수요일 탬파 근처 플로리다 걸프 연안에 상륙할 것으로 예상되는 허리케인 밀턴은 플로리다 보험 시장에 추가적인 부담을 가중시키고 있다.

플로리다 보험 시장을 강타한 연이은 허리케인 - 헬렌과 밀턴: 주목할 주식들

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허리케인 밀턴이 플로리다 서부 해안에 접근하고 있으며, 2주 만에 두 번째 강력한 폭풍이 이 주를 덮치고 있다. 최신 소식에 따르면, 밀턴은 수요일 밤 미국에 상륙할 것으로 예상된다.

허리케인 밀턴에 대한 대피는 &#34;생사의 문제,&#34;라고 바이든이 언급: 막대한 경제적 피해 전망

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8월에는 주식 시장이 7월 중순 정점 이후 겪은 손실을 만회했으며, 이는 실적과 양호한 데이터가 반등에 도움이 되었다. 8월을 뒤로 보내면서 시장 성과를 더욱 폭넓게 측정하는 S&amp;P 500 지수의 상승주와 하락주를 살펴보겠다.

8월 S&amp;P 500의 상위 상승주와 하락주: 매그 7종목은 빠지고, 사이버 보안 2종목 포함

Progressive Corporation (The) Common Stock

Progressive Corp

Paramount Group Inc

Putnam Focused Large Cap Growth ETF

PropertyGuru Group Limited Ordinary Shares

PropertyGuru Group Ltd

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$320.00</td>
<td>$127.0K</td>
<td>1.3K</td>
<td>4.1K</td>
</tr>
<tr>
<td>RITM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$10.00</td>
<td>$75.2K</td>
<td>4.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>STNE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$285.4K</td>
<td>26</td>
<td>1.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$43.00</td>
<td>$120.0K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$63.1K</td>
<td>48.3K</td>
<td>722</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$86.00</td>
<td>$42.0K</td>
<td>3.4K</td>
<td>602</td>
</tr>
<tr>
<td>PGR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$255.00</td>
<td>$77.5K</td>
<td>14</td>
<td>260</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$25.0K</td>
<td>501</td>
<td>200</td>
</tr>
<tr>
<td>PRU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$125.00</td>
<td>$134.6K</td>
<td>330</td>
<td>163</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$45.00</td>
<td>$25.9K</td>
<td>189</td>
<td>130</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on November 22, 2024. This event was a transfer of 200 contract(s) at a $320.00 strike. The total cost received by the writing party (or parties) was $127.0K, with a price of $635.0 per contract. There were 1321 open contracts at this strike prior to today, and today 4120 contract(s) were bought and sold. 
• For RITM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RITM#NYSE">RITM</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 1003 contract(s) at a $10.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $75.2K, with a price of $75.0 per contract. There were 4589 open contracts at this strike prior to today, and today 1515 contract(s) were bought and sold. 
• Regarding STNE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>), we observe a call option trade with bullish sentiment. It expires in 791 day(s) on January 15, 2027. Parties traded 499 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $285.4K, with a price of $572.0 per contract. There were 26 open contracts at this strike prior to today, and today 1513 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option trade that happens to be neutral, expiring in 126 day(s) on March 21, 2025. This event was a transfer of 1000 contract(s) at a $43.00 strike. The total cost received by the writing party (or parties) was $120.0K, with a price of $120.0 per contract. There were 1124 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option trade that happens to be bullish, expiring in 63 day(s) on January 17, 2025. This event was a transfer of 112 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $63.1K, with a price of $564.0 per contract. There were 48320 open contracts at this strike prior to today, and today 722 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on November 22, 2024. Parties traded 300 contract(s) at a $86.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $140.0 per contract. There were 3456 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• Regarding PGR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), we observe a put option sweep with bearish sentiment. It expires in 63 day(s) on January 17, 2025. Parties traded 76 contract(s) at a $255.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $77.5K, with a price of $1020.0 per contract. There were 14 open contracts at this strike prior to today, and today 260 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 791 day(s) on January 15, 2027. This event was a transfer of 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $500.0 per contract. There were 501 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For PRU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), we notice a put option sweep that happens to be bearish, expiring in 217 day(s) on June 20, 2025. This event was a transfer of 162 contract(s) at a $125.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $134.6K, with a price of $834.0 per contract. There were 330 open contracts at this strike prior to today, and today 163 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with bearish sentiment. It expires in 217 day(s) on June 20, 2025. Parties traded 100 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $25.9K, with a price of $259.0 per contract. There were 189 open contracts at this strike prior to today, and today 130 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

HOOD

PYPL

RITM

STNE

10 Financials Stocks Whale Activity In Today's Session

General

Progressive shares are trading higher after the company reported a year-over-year increase in Q3 financial results.

Earnings

Progressive Oct. EPS $0.69 vs $0.68 YoY; Net Premiums Written $6.578B, Up 19% YoY

Progressive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) short percent of float has risen 13.58% since its last report. The company recently reported that it has 5.35 million shares sold short, which is 0.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Progressive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731351623_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Progressive has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Progressive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Progressive's peer group average for short interest as a percentage of float is 1.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(PGR) - Analyzing Progressive's Short Interest

TD Cowen analyst Andrew Kligerman maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Hold and raises the price target from $197 to $237.

Price Target

Analyst Ratings

TD Cowen Maintains Hold on Progressive, Raises Price Target to $237

In the latest quarter, 21 analysts provided ratings for Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $284.57, with a high estimate of $331.00 and a low estimate of $251.00. Observing a 5.07% increase, the current average has risen from the previous average price target of $270.84. 
<img src="https://www.benzinga.com/files/images/story/2024/1730919653_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Progressive by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Motemaden</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$285.00</td>
<td>$277.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$277.00</td>
<td>$267.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$310.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$290.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$331.00</td>
<td>$319.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$251.00</td>
<td>$242.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$319.00</td>
<td>$309.00</td>
</tr>
<tr>
<td>Yaron Kinar</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$295.00</td>
<td>$257.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$280.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>Harry Fong</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$290.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$300.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$282.00</td>
<td>$281.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$267.00</td>
<td>-</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$312.00</td>
<td>$294.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$275.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$294.00</td>
<td>$296.00</td>
</tr>
<tr>
<td>Harry Fong</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$270.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$252.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$281.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$262.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Vikram Gandhi</td>
<td>HSBC</td>
<td>Announces</td>
<td>Buy</td>
<td>$253.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Progressive. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Progressive compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Progressive's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Progressive's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PGR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Progressive analyst ratings.</a>
<h2>Delving into Progressive's Background</h2>
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
<h3>Progressive's Financial Performance</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Progressive's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 26.74%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Progressive's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 11.84%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Progressive's ROE stands out, surpassing industry averages. With an impressive ROE of 9.24%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Progressive's ROA stands out, surpassing industry averages. With an impressive ROA of 2.3%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Progressive's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.25.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Progressive Stock: A Deep Dive Into Analyst Perspectives (21 Ratings)

Goldman Sachs analyst Robert Cox reiterated the Buy rating on Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/PGR/analyst-ratings" rel="noreferrer noopener">price objective of $294.</a>
The analyst increased the company&#8217;s 2025/2026 EPS estimate by 4%, mainly driven by a more favorable outlook for the personal lines loss ratio.
Cox suggests that their view of a modest improvement in the expense ratio (excluding advertising) over the next two years remains largely unchanged, projecting a 35bps increase.
However, the analyst raised estimate for the consolidated expense ratio by 20-30bps in 2025/2026 due to expectations of higher advertising spending.
Additionally, Cox revised the net interest income (NII) estimates upwards, reflecting the updated forward curve for fixed income yields.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/41782529/deutsche-bank-upgrades-celanese-stock-analyst-highlights-strong-leverage-long-term-growth" rel="noreferrer noopener">Deutsche Bank Upgrades Celanese Stock: Analyst Highlights Strong Leverage, Long-Term Growth</a>
As a result, the analyst&#8217;s 2025/2026 EPS estimates increase by 5%/4%, remaining approximately 7% above consensus estimates.
The analyst notes that, in their updated loss trend analysis, he is maintaining a severity trend of approximately 4% for 2025. This forecast takes into account a 6% increase in bodily injury severity and a 2% rise in physical damage severity, driven by a shift from depreciation to moderate inflation in used car prices, along with more normalized inflation in repair costs.
The analyst states that he is raising their estimates for personal auto policy-in-force (PIF) growth by 100bps in 2025 and 20bps in 2026. Additionally, Cox increased the estimate for the consolidated expense ratio by 20-30bps.
This adjustment reflects the continued expectation that advertising efficiency in 2025/2026 will remain, on average, more than 30% below the pre-pandemic (2017-2019) levels.
Price Action: PGR shares are trading higher by 2.76% to $254.93 at last check Wednesday.
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</ul>

Reiteration

Movers

Progressive To Gain From Improved Loss Ratio And Stronger Outlook: Analyst Boosts Estimates

Evercore ISI Group analyst David Motemaden maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Outperform and raises the price target from $277 to $285.

Evercore ISI Group Maintains Outperform on Progressive, Raises Price Target to $285

Progressive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) short percent of float has risen 13.58% since its last report. The company recently reported that it has 5.35 million shares sold short, which is 0.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Progressive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730731612_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Progressive has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Progressive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Progressive's peer group average for short interest as a percentage of float is 1.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) has outperformed the market over the past 5 years by 14.56% on an annualized basis producing an average annual return of 28.4%. Currently, Progressive has a market capitalization of $142.69 billion. 
Buying $1000 In PGR: If an investor had bought $1000 of PGR stock 5 years ago, it would be worth $3,539.38 today based on a price of $243.58 for PGR at the time of writing.
<h3>Progressive's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729882829_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,500 Today

Barclays analyst Alex Scott maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Equal-Weight and raises the price target from $267 to $277.

Barclays Maintains Equal-Weight on Progressive, Raises Price Target to $277

Most investors dismiss insurance stocks as the boring niche in the finance sector without realizing that this industry could significantly outperform all others during an economy ridden by threats of prolonged higher inflation. Today&#39;s environment is ripe for insurance businesses to rally further into the year, if not continue their bullish momentum into 2025.
Markets don&#39;t need to understand the insurance ins and outs to know that when the price of the assets being insured increases, so do the insurance premiums being charged to protect that item. Not only that, insurance companies will increase prices by a set premium to avoid any further inflation shocks that may come their way, making them the perfect business to keep in mind during interest rate cut cycles such as today.
The prime target, who holds significant market share and is a household name, has become the Progressive Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>), especially after the company reported its latest set of quarterly earnings to show investors just how much growth awaits them by choosing to invest in insurance companies this cycle. Wall Street analysts agree, and markets love it just as much.
<h2>Progressive Stock Earnings Signal Strong Growth</h2>
With inflation up roughly 3% to 3.5% over the past 12 months, Progressive&#39;s new signed-up policies had a compound effect on the company&#39;s revenues. According to the latest quarterly earnings press release, Progressive reported up to 25% jumps in net premiums written.
The addition of new premiums through policies ended up raising Progressive&#39;s premiums by 23%, laying the foundation for further double-digit growth in the rest of the business. The bottom line, exciting to investors, saw enough growth to get Wall Street&#39;s attention this quarter.
A 108% expansion in net income should be enough to send any stock into a new rally. Progressive stock&#39;s price action shows the company now trading at 96% of its 52-week high as a sign of bullish interest surrounding the stock today. But it doesn&#39;t stop there.
Earnings per share (EPS) forecasts from Wall Street analysts today are set for a flattish pattern in the next 12 months, which is considerably below the recent track record Progressive has shown markets. Over the past 12 months, Progressive reported EPS growth of up to 110% to reach $3.97.
All of this growth might not be priced in, despite the stock trading near a 52-week high price, and that is something a few Wall Street analysts &ndash; alongside broader markets &ndash; have started to notice in the way they&#39;ve expressed their views and action toward Progressive stock lately.
<h2>Wall Street Weighs In on Progressive Stock&#39;s Future: Key Insights for Investors</h2>
Now, for another gauge, investors can consider moving forward in their hunt for upside in the insurance industry; here is what Wall Street has to say about Progressive stock. This is a particularly important view now that the company has reported such a strong quarterly trend.
The consensus price target for Progressive stock is $268.2 a share today, which calls for up to 5% upside from where it trades today. While this benchmark is good enough to beat inflation this year, that&#39;s not why investors want to stick around for this insurance play.
After the company released its latest quarter, filled with double&mdash;and even triple-digit growth, analysts at Bank of America reiterated their Buy target for Progressive, this time coupling their view with a much higher price target. These analysts see the stock trading as high as $331 a share, daring it to rally by as much as 30% from where it trades today, not to mention a new all-time high for the company.
Broader markets are also willing to express their bullish view for Progressive stock today, a trend investors can see in the premiums paid for the stock compared to peers in the industry. Progressive&#39;s price-to-book (P/B) ratio of 7.5x today commands a significant premium over the insurance industry&#39;s average 2.2x valuation.
More than that, on a price-to-earnings (P/E) basis, Progressive stock again commands a premium as it trades at 21.7x compared to the industry&#39;s 15.6x multiple. Markets will typically overpay for stocks they believe will grow at above-average rates, so this time, the premium is more than justified in Progressive&#39;s triple-digit EPS growth during the year.
Lastly, there are even signs of bearish capitulation, judging by the 8% decline in short interest for Progressive over the past month, an accelerating trend as overall short interest has declined during the third quarter of 2024.
The article &quot;<a href="https://www.marketbeat.com/originals/progressive-leads-the-way-as-analysts-bet-big-on-insurance-stocks/">Progressive Leads the Way as Analysts Bet Big on Insurance Stocks</a>&quot; first appeared on MarketBeat.

Large Cap

Progressive Leads the Way as Analysts Bet Big on Insurance Stocks

Morgan Stanley analyst Bob Huang maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Overweight and raises the price target from $300 to $310.

Morgan Stanley Maintains Overweight on Progressive, Raises Price Target to $310

Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) reported $630 million in catastrophe losses related to Hurricane Helene alone. The company reported total estimated catastrophe losses of $889 million for September, more than twice the amount reported <a href="https://www.benzinga.com/pressreleases/24/10/b41378242/allstate-announces-september-and-third-quarter-2024-catastrophe-losses-run-off-reserve-review-and-">for the same month last year.&nbsp;</a>
What Happened: The impact of Hurricane Helene has led to a substantial increase in Allstate&#8217;s losses for the third quarter of 2024 which the company reported as $1.7 billion, up from $1.18 billion in the same quarter in 2023. 
Other insurance companies affected by the recent hurricanes include Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), which <a href="https://www.benzinga.com/pressreleases/24/10/g41329804/progressive-reports-september-2024-results">recorded</a> $563 million in catastrophe in September as a result of Hurricane Helene. Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) reported catastrophe losses of $939 million for the third quarter of 2024 due to Hurricane Helene, an increase of $89 million compared to the same period last year.
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Moody's Risk Management Solutions, or RMS, said<a href="https://www.benzinga.com/news/24/10/41321615/hurricanes-helene-milton-insurance-losses-spike-to-55b-moodys"> it expects</a> combined total insured losses from Hurricane Helene and Hurricane Milton to range between $35 billion and $55 billion.
According to <a href="https://www.insurtechinsights.com/hurricanes-helene-and-milton-floridas-insurance-market-on-the-brink/">a report</a> from Insurtech Insights, Hurricanes Helene and Milton contributed to total losses for Florida insurers of more than $100 billion for the fifth consecutive year, comparable to the losses from Hurricane Katrina in 2005.&nbsp;
Why It Matters: Citizens, Florida's state-backed insurer of last resort, has seen a surge in policyholders in recent years, especially after recent destructive hurricanes. 
The rapid influx raises serious concerns about its financial stability as it has experienced massive underwriting losses, amounting to hundreds of millions of dollars. Citizens estimates it is currently at a 38% rate inadequate, meaning it needs a 38% rate increase to be solvent. However, Florida law caps its annual rate increases at 10%
Citizens is transferring more than 648,000 policies to private insurers, per<a href="https://www.clickorlando.com/news/local/2024/10/04/what-citizens-insurance-depopulation-means-for-florida-homeowners/"> Click Orlando</a>. These companies are also experiencing <a href="https://www.benzinga.com/markets/equities/24/10/41240852/back-to-back-hurricanes-batter-floridas-insurance-market-stocks-to-watch">financial strain</a> due to increased claims, likely leading to higher premiums and reduced coverage availability.
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Photo: wurliburli from Pixabay

Allstate Records $630M In Losses From Hurricane Helene, Other Insurers Report Significant Losses As Damage Mounts

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Outperform and raises the price target from $280 to $290.

Keefe, Bruyette & Woods Maintains Outperform on Progressive, Raises Price Target to $290

B of A Securities analyst Joshua Shanker maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Buy and raises the price target from $319 to $331.

B of A Securities Maintains Buy on Progressive, Raises Price Target to $331

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) reported quarterly earnings of $3.58 per share which missed the analyst consensus estimate of $3.66 by 2.19 percent. The company reported quarterly sales of $18.297 billion which missed the analyst consensus estimate of $19.052 billion by 3.96 percent. This is a 22.85 percent increase over sales of $14.894 billion the same period last year.

UPDATE: Progressive Q3 2024 Adj. EPS $3.58 Misses $3.66 Estimate, Sales $18.297B Miss $19.052B Estimate

The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) today reported the following results for the month ended September&nbsp;30, 2024 and the third quarter of 2024: &nbsp;
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="2">September</td>
<td colspan="8">Quarter</td>
</tr>
<tr>
<td>(millions, except per share amounts and ratios; unaudited)</td>
<td colspan="2">&nbsp;2024</td>
<td colspan="2">&nbsp;2024</td>
<td colspan="3">&nbsp;2023&nbsp;</td>
<td>Change</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net premiums written</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 6,570.0</td>
<td>$</td>
<td>19,455.6</td>
<td>$</td>
<td>15,593.8</td>
<td>25&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net premiums earned</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 6,262.7</td>
<td>$</td>
<td>18,296.7</td>
<td>$</td>
<td>14,894.3</td>
<td>23&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net income</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584.6</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 2,333.4</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 1,121.3</td>
<td>108&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp; Per share available to common shareholders</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.99</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.97</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.89</td>
<td>110&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Total pretax net realized gains (losses) on securities</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121.2</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287.4</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp; (149.0</td>
<td>)</td>
<td>(293)%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Combined ratio</td>
<td>93.4</td>
<td>89.0</td>
<td>92.4</td>
<td>(3.4)pts.</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Combined ratio – prior year month</td>
<td>89.7</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Average diluted equivalent common shares</td>
<td>587.7</td>
<td>587.6</td>
<td>587.5</td>
<td>0&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

Progressive Reports September 2024 EPS $0.99; Net Premiums Written $6.57B

The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) today reported the following results for the month ended September&nbsp;30, 2024 and the third quarter of 2024:
&nbsp;
<table>
<tbody>
<tr>
<td colspan="2">September</td>
<td colspan="8">Quarter</td>
</tr>
<tr>
<td>(millions, except per share amounts and ratios; unaudited)</td>
<td colspan="2">&nbsp;2024</td>
<td colspan="2">&nbsp;2024</td>
<td colspan="3">&nbsp;2023&nbsp;</td>
<td>Change</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net premiums written</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 6,570.0</td>
<td>$</td>
<td>19,455.6</td>
<td>$</td>
<td>15,593.8</td>
<td>25&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net premiums earned</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 6,262.7</td>
<td>$</td>
<td>18,296.7</td>
<td>$</td>
<td>14,894.3</td>
<td>23&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net income</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584.6</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 2,333.4</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp; 1,121.3</td>
<td>108&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp; Per share available to common shareholders</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.99</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.97</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.89</td>
<td>110&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Total pretax net realized gains (losses) on securities</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121.2</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287.4</td>
<td>$</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp; (149.0</td>
<td>)</td>
<td>(293)%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Combined ratio</td>
<td>93.4</td>
<td>89.0</td>
<td>92.4</td>
<td>(3.4)pts.</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Combined ratio &ndash; prior year month</td>
<td>89.7</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Average diluted equivalent common shares</td>
<td>587.7</td>
<td>587.6</td>
<td>587.5</td>
<td>0&nbsp;%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>

Progressive Reports Q3 2024 EPS $3.97 Up From $1.89 YoY; Net Premiums Written $19.455B Vs $15.593B YoY

Insured losses are way higher than originally anticipated due to the havoc from <a href="https://www.benzinga.com/markets/equities/24/10/41240852/back-to-back-hurricanes-batter-floridas-insurance-market-stocks-to-watch">back-to-back hurricanes</a>.
What Happened: Moody&#8217;s Risk Management Solutions, or RMS, <a href="https://www.rms.com/newsroom/announcement/2024-10-14/moodys-rms-event-response-us-private-market-insured-loss-estimate-for-hurricanes-helene-and-milton">crunched</a> the data to determine the financial impact of Hurricanes Milton and Helene. 
The firm expects total insured losses to range between $35 billion and $55 billion. 
That&#8217;s nearly quadruple what Moody's originally estimated, with losses falling between $8 billion and $14 billion. 
Hurricane Milton, the 13th named storm of the season, closely followed Hurricane Helene, which made landfall just two weeks earlier in Florida&#8217;s Big Bend region along the Gulf of Mexico.
Both storms hit many of the same areas, bringing widespread wind damage, storm surges, and inland flooding.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41317881/hurricane-milton-to-deliver-2-5b-blow-to-floridas-homebuilding-sector-goldman-sachs">Hurricane Milton To Deliver $2.5B Blow To Florida&#8217;s Homebuilding Sector, Goldman Sachs Says</a>
Why It Matters: Moody&#8217;s estimates help insurance companies, policymakers and other stakeholders assess the financial risks and prepare for the economic consequences of such events in the future.
And that&#8217;s important considering hurricane season typically runs until Nov. 30. 
But here&#8217;s the thing: Floridians already pay exorbitant homeowners&#8217; insurance premiums, <a href="https://www.orlandoweekly.com/news/experts-worry-floridas-2024-hurricane-season-could-wipeout-recent-homeowners-insurance-fixes-38005875">per</a> Orlando Weekly. With the immense damage caused by these storms, they&#8217;re going to be paying even more.
According to Moody&#8217;s Chief Risk Modeling Officer Mohsen Rahnama, several factors add uncertainty to the final loss estimates. These include the complexity of hazard patterns, such as the damaging tornadoes spawned by Milton's rainbands in southern Florida, and the storm's interaction with a mid-latitude jet, which created two swaths of the strongest winds. 
In some cases, structures already damaged by Helene may have sustained further damage from Milton. This complicates efforts to determine the primary cause of loss and leads to potential coverage issues.
It&#8217;s not just Helene and Milton. Overlapping insurance claims and Florida's annual deductibles may increase losses for properties previously damaged by past hurricanes, such as Ian in 2022.
Altogether, the Moody&#8217;s ground teams conducted &#8220;field reconnaissance&#8221; for more than 2,000 miles of damage.
&#8220;Our teams are still in Florida surveying the impacted areas,&#8221; Rahnama said.
Florida&#8217;s Insurance Problem: Several major insurance companies had already retreated from Florida due to the high risks associated with the state&#8217;s frequent hurricanes and rising litigation costs. The ones that remained include:
<ul>
<li>Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) </li>
<li>Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) </li>
<li>Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) </li>
<li>State Farm</li>
</ul>
Florida-only carriers will take the hardest hit, per a Moody&#8217;s report from Oct. 10. These insurance companies have at least 75% of their homeowners and commercial property premiums written in the state, the firm noted. 
&#8220;The top 10 Florida-only insurers write about 50% of the state&#8217;s homeowners business and are more vulnerable than others given their geographic concentration,&#8221; the company <a href="https://floridaphoenix.com/wp-content/uploads/2024/10/Moodys-Ratings_Hurricane-Milton_Reinsurers-10Oct2024-PBC_1425591-1.pdf">stated</a>. They include:
<ul>
<li>Citizens Property Insurance Corp.</li>
<li>Universal P&amp;C</li>
<li>Tower Hill</li>
<li>First Protective</li>
<li>Slide Insurance</li>
<li>Edison Insurance</li>
<li>Amer Integrity</li>
<li>Florida Peninsula</li>
<li>Homeowners Choice P&amp;C</li>
<li>Security First </li>
</ul>
ETFs To Watch: Three exchange-traded funds tracking public companies in the insurance space were all in the green at last check Monday:
<ul>
<li>SPDR S&amp;P Insurance ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIE#NYSE">KIE</a>), up 0.78%</li>
<li>iShares U.S. Insurance ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAK#NYSE">IAK</a>), up 0.37%</li>
<li>Invesco KBW Property &amp; Casualty Insurance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KBWP#NASDAQ">KBWP</a>), up 0.58%</li>
</ul>
What&#8217;s Next: Moody's will provide a final industry loss estimate for Milton by the end of this week.
The National Hurricane Center is tracking a tropical depression in the Atlantic Ocean. 
Though it can bring heavy rain and cause flooding, a tropical depression is generally weak; if wind speeds increase beyond 39 miles per hour, it can develop into a tropical storm or hurricane if conditions allow.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Mon 10/14 8am EDT: <a href="https://twitter.com/hashtag/AL94?src=hash&amp;ref_src=twsrc%5Etfw">#AL94</a> has a chance of developing into a tropical depression as it approaches, or moves near the northern <a href="https://twitter.com/hashtag/LeewardIslands?src=hash&amp;ref_src=twsrc%5Etfw">#LeewardIslands</a> late this week. <a href="https://t.co/1aFZ3ykENk">pic.twitter.com/1aFZ3ykENk</a>
&mdash; National Hurricane Center (@NHC_Atlantic) <a href="https://twitter.com/NHC_Atlantic/status/1845796399990129124?ref_src=twsrc%5Etfw">October 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41319060/s-p-500-extends-record-highs-dow-breaks-43-000-ahead-of-pivotal-earnings-week-bitco">S&amp;P 500 Extends Record Highs, Dow Breaks 43K, Bitcoin Rallies: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Photo: Shutterstock

ETFs

iShares Dow Jones US Insurance Index Fund

KBWP

Hurricanes Helene, Milton Insurance Losses Spike To $55B: Moody's

As financials continue to outperform the S&P 500, here are the top 10 SA quant picks

Analysts fell to the sidelines weighing in on Progressive (PGR – Research Report), Nelnet (NNI – Research Report) and Carlyle Group (CG – Research ...

Analysts' Top Financial Picks: Progressive (PGR), Nelnet (NNI)

Rising healthcare costs, cutting-edge technology, and escalating geopolitical tensions are supercharging growth in the insurance industry. This landscape presents prime opportunities for The Progressive Corporation (PGR), Primerica (PRI), and The Hanover Insurance Group (THG) to thrive and deliver substantial value for investors, even with their premium valuations. Read on… Rising healthcare expenses, technological advancements, and increasing geopolitical threats are driving significant growth in the insurance industry. As these dynamics evolve, the sector presents promising opportunities for expansion.
With that in mind, investors could consider investing in shares of fundamentally sound insurance stocks, The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>), Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>), and The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>), that stand out as potentially rewarding investments despite their premium valuations.
The rise in healthcare expenses is fueling demand in the health insurance sector. In fact, a report by Mordor Intelligence projects that the U.S. health and medical insurance market could reach $2.01 trillion by 2029, growing at <a href="https://www.mordorintelligence.com/industry-reports/united-states-health-and-medical-insurance-market/market-size">a CAGR exceeding 6%</a>. This indicates a steady, expanding market.
Moreover, advancements in artificial intelligence (AI) continue to transform risk assessment and claims management for insurers. By enabling enhanced data analysis and faster decision-making, AI can improve both customer service and operational efficiency, making it a critical tool for the industry's growth and adaptation to challenges.
Global geopolitical tensions are another factor boosting the insurance industry. As risks rise, insurers are capitalizing on this environment, seeing substantial opportunities for expansion. Polaris Market Research forecasts the property and casualty insurance market to reach $3.79 trillion by 2032, with <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">a projected CAGR of 8.3%</a>.
Furthermore, Deloitte's 2025 global insurance outlook estimates that insurance premiums will <a href="https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-outlooks/insurance-industry-outlook.html">grow by 3.3% in 2024</a>, with advanced markets expected to account for 75% of this increase. This growth reflects strong demand and underscores the value of the insurance sector as an attractive option for investors.
Against this backdrop, investors could consider buying insurance stocks with high <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E ratios</a>. Even though they come at a premium cost, these stocks offer excellent growth opportunities. Now, let us discuss the fundamentals of three high P/E insurance stocks, starting with #3.
Stock #3: The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>)
PGR works as an insurance holding company, providing personal and commercial auto, business related general liability, personal residential and commercial property, and other insurance products and services. Its three operational segments are: Personal Lines; Commercial Lines; and Property.
PGR's forward non-GAAP P/E of 18.61x is 53.6% higher than the industry average of 12.12x. Its forward EV/EBIT multiple of 14.21 is 16.3% higher than the sector average of 12.22x. Likewise, the stock's forward Price/Book of 5.11x is 324.2% higher than the industry average of 1.20x.
Despite its premium valuation, PGR demonstrates strong profitability, backed by impressive financial metrics. PGR's trailing-12-month levered FCF margin of 19.09% is 4.7% higher than the industry average of 18.24%. Its trailing-12-month asset turnover ratio of 0.75x is 247.6% higher than the sector average of 0.22x.
Likewise, the stock's ROTC of 22.56% is 230.3% higher than the industry average of 6.83%.
For the fiscal 2024 second quarter that ended on June 30, PGR's total revenues increased 18.1% year-over-year to $18.13 billion. Its <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS grew 322.3% and 335.1% from the prior year's quarter, respectively, to $1.46 billion and $2.48. As of June 30, 2024, PGR's total assets amounted to $97.89 billion, compared to $88.69 billion on December 31, 2023.
Analysts expect PGR's revenue for the fiscal fourth quarter (ending December 2024) to increase 22.8% year-over-year to $18.57 billion. Its EPS is expected to grow 2.6% from the prior year's period to $3.05. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the four trailing quarters.
Shares of PGR have surged 35.8% over the past nine months and 52.1% over the past year to close the last trading session at $242.72.
PGR's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
PGR has an A grade for Momentum. It is ranked #25 out of 55 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry.
To check the stock's ratings for Growth, Value, Sentiment, Quality, and Stability <a href="https://stocknews.com/stock/PGR/">click here</a>.
Stock #2: Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>)
PRI engages in providing financial products and services to middle-income households in the United States and Canada. The company's operational segments include Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
PRI's forward non-GAAP P/E of 15.09x is 24.5% higher than the industry average of 12.12x. The stock's forward EV/Sales of 3.60x is 11.2% higher than the sector average of 3.24x. Additionally, its forward Price/Book multiple of 4.17 is 246.3% higher than the 1.20x industry average.
Even with a higher valuation, PGR stands out for its profitability, boasting solid performance across core financial metrics. PRI's trailing-12-month gross profit margin of 66.52% is 9.8% higher than the industry average of 60.60%. The stock's trailing-12-month levered FCF margin of 32.83% is 80% higher than the sector average of 18.24%.
Furthermore, its trailing-12-month EBITDA margin of 31.35% is 44.7% higher than the 21.66% industry average.
For the fiscal 2024 second quarter that ended June 30, PRI's total revenues increased 16.7% year-over-year to $803.38 million. Its adjusted net operating income and adjusted operating EPS grew 11.9% and 18% from the prior year's quarter to $162.75 million and $4.71, respectively.
As of June 30, 2024, PRI's cash and cash equivalents amounted to $627.29 million, compared to $613.15 million on December 31, 2023.
Street expects PRI's revenue and EPS for the fiscal third quarter (ended September 2024) to grow 4.9% and 12.3% year-over-year to $745.70 million and $4.81, respectively. Moreover, the company topped the consensus revenue estimates in all four trailing quarters, which is impressive.
PRI's shares have surged 27.3% over the past six months and 41.2% over the past year to close the last trading session at $274.44.
PRI's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PRI has an A grade for Momentum and a B for Stability and Sentiment. It is ranked #8 out of 26 stocks in the B-rated <a href="https://stocknews.com/category/life-insurance/">Insurance – Life industry</a>.
<a href="https://stocknews.com/stock/PRI/">Click here</a> to see PRI's ratings for Quality, Value, and Growth.
Stock #1: The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>)
THG provides property and casualty insurance solutions. It operates through four segments: Core Commercial; Specialty; Personal Lines; and Other. The company markets its products and services through independent agents and brokers, offering customized coverage options to meet diverse client needs.
THG's forward non-GAAP P/E of 13.15x is 8.5% higher than the industry average of 12.12x. Its forward Price/Book of 1.79x is 48.8% higher than the sector average of 1.20x. Furthermore, the stock's Price/Cash flow of 10.34x is 8.9% higher than the 9.49x industry average.
THG's elevated valuation doesn't diminish its profitability, as it continues to excel in essential financial indicators. THG's trailing-12-month asset turnover ratio of 0.42x is 92% higher than the industry average of 0.22x. Its trailing-12-month ROTC of 9.73% is 42.5% higher than the sector average of 6.83%.
Furthermore, the stock's trailing-12-month ROCE of 14.63% is 42.5% higher than the 10.34% industry average.
For the fiscal 2024 third quarter that ended September 30, THG's total revenues increased 3.2% year-over-year to $1.57 billion. Its net income grew significantly from the prior year's quarter to $102.10 million, while its EPS rose significantly from its year-ago value to $2.80.
As of September 30, 2024, THG's cash and cash equivalents amounted to $427.10 million, compared to $316.10 on December 31, 2023.
The consensus revenue estimate of $1.40 billion for the fiscal fourth quarter (ending December 2024) reflects a year-over-year rise of 4.2%. Its EPS for the same period is expected to increase 3.3% from the prior year's period to $3.23. The company also surpassed the consensus EPS estimates in all four trailing quarters.
THG's stock has surged 12.8% over the past six months and 23.7% over the past year to close the last trading session at $147.90.
THG's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
THG has an A grade for Momentum and a B for Growth, Sentiment, and Stability. It is ranked #6 out of 55 stocks in the Insurance – Property &amp; Casualty industry.
<a href="https://stocknews.com/stock/THG/">Click here</a> to check out additional THG ratings for Value and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
<hr />
PGR shares were unchanged in premarket trading Monday. Year-to-date, PGR has gained 53.36%, versus a 21.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/pgr-pri-thg-3-high-pe-insurance-stocks-worth-the-premium/>3 High-PE Insurance Stocks Worth the Premium</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-PE Insurance Stocks Worth the Premium

Seeking Alpha highlights top picks as the S&P 500 crosses above 6,000

Morgan Stanley analyst Bob Huang maintained a Buy rating on Progressive (PGR – Research Report) today and set a price target of $310.00. Bob Huang ...

Progressive's Resilient Growth and Promising Future: A Strong Buy Recommendation by Bob Huang

In a report released today, Meyer Shields from KBW maintained a Buy rating on Progressive (PGR – Research Report), with a price target of $290.00. ...

Progressive (PGR) Receives a Rating Update from a Top Analyst

Eminence Capital buys Gitlab, Charles River, exits Haleon, others in Q3

Progressive reports October EPS of $0.69

With rapid economic growth, evolving consumer demand, and support from government initiatives, the insurance sector is flourishing. Therefore, it could be wise to invest in quality insurance stocks, Travelers Companies (TRV), Progressive (PGR), and Allstate (ALL), outperforming the market in 2024. Read more... The importance and demand for insurance are constantly growing as economic and geopolitical risks surge, accelerating the industry's growth. Also, with advancements in technologies and rapid urbanization, the market is poised for expansion.
Against this backdrop, it could be wise to invest in fundamentally strong insurance stocks, The Travelers Companies, Inc. (<a href="https://stocknews.com/stock/TRV/">TRV</a>), The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>), and The Allstate Corporation (<a href="https://stocknews.com/stock/ALL/">ALL</a>) that are beating the market in 2024.
Amid rising economic risks, uncertainties, and mandatory requirements, the insurance market's growth trajectory appears robust. The market's overall growth remained largely positive during the third quarter through buyer-friendly conditions across most of <a href="https://www.aon.com/en/insights/articles/global-insurance-market-overview-q3-2024">the global insurance market</a>.
Healthy insurer returns and improved reinsurance conditions restored insurer confidence, growth, and accelerated competition. Further, the recent <a href="https://insurancenewsnet.com/innarticle/insurance-experts-see-good-news-after-fed-cuts-rates-by-a-half-point">half-point rate cut</a> by the Federal Reserve is anticipated to benefit the insurance sector in different ways. The lower rate can stimulate borrowing and spending among consumers, offering expansion opportunities to the segment.
With this, the property &amp; casualty insurance market size is expected to register a <a href="https://www.gminsights.com/industry-analysis/property-and-casualty-insurance-market">CAGR of 5.5%</a> resulting in a market value of $3.02 trillion by 2032. Market drivers include growing urbanization worldwide, rising awareness, increasing product diversification, technological advancements, and evolving regulatory demands.
Artificial intelligence (AI) technology is transforming the insurance industry significantly, like many others. The <a href="https://www.precedenceresearch.com/artificial-intelligence-in-insurance-market">advancement of AI has revolutionized various aspects</a> like risk assessment, underwriting, claims processing, and customer service. The unique capabilities of AI are unveiling innovative ways to optimize business operations and encourage healthy competition.
Further, the insurance stocks discussed below have outperformed the <a href="https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview">S&amp;P 500</a> year-to-date (YTD) return of 24.7%. In light of these favorable trends, let's look at the fundamentals of the three <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance – Property &amp; Casualty</a> stocks, beginning with number 3.
Stock #3: The Travelers Companies, Inc. (<a href="https://stocknews.com/stock/TRV/">TRV</a>)
TRV offers commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals internationally. The company operates in three segments: Business Insurance; Bond &amp; Specialty Insurance; and Personal Insurance.
On August 1, TRV's division, Travelers Canada, launched OPTIMA&#xAE; Home, a new property insurance product that offers customizable coverage options for homeowners, tenants, condominiums, and landlord policies. Enshrined in a highly intuitive platform, the product allows brokers to seamlessly quote, issue, and adjust coverage.
On July 25, TRV released Quantum Boat 2.0, an enhanced boat insurance product that offers more personalized coverage options through an easy-to-use platform enabling agents to seamlessly quote and bind coverage. The product expanded customer eligibility and offered a better quoting experience for agents, resulting in increased efficiency and enhanced customer service.
During the third quarter that ended September 30, 2024, TRV's <a href="https://www.investopedia.com/terms/n/net-premiums-written.asp#:~:text=Net%20premiums%20written%20is%20the,to%20keep%20for%20assuming%20risk.">net written premiums</a> increased 7.9% year-over-year to $11.32 billion, and its total revenues rose 11.9% year-over-year to $11.90 billion. The company's core income came in at $1.22 billion or $5.24 per share, up 168.3% and 168.7% from the prior year's quarter, respectively.
Analysts expect TRV's revenue and EPS for the first quarter (ending March 2025) to grow 8.5% and 25.8% year-over-year to $10.98 billion and $5.90, respectively. Also, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of TRV have surged 17.9% over the past six months and 34.7% year-to-date to close the last trading session at $256.52.
TRV's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TRV has an A grade for Momentum. It also has a B grade for Stability. It is ranked #20 out of 55 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance – Property &amp; Casualty</a> industry.
In addition to the POWR Ratings we've stated above, we also have TRV ratings for Value, Quality, Growth, and Sentiment. Get all TRV ratings <a href="https://stocknews.com/stock/TRV/">here</a>.
Stock #2: The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>)
PGR is an insurance holding company that offers personal and commercial auto, personal residential and commercial property, business-related general liability, and other specialty property-casualty insurance products and related services. The company operates through three segments: Personal Lines; Commercial Lines; and Property.
On August 5, PGR's Board of Directors declared a $0.10 per common share dividend, paid on October 11, 2024, to shareholders of record at the close of business on October 3, 2024.
PGR pays an annual dividend of $0.40, which translates to a yield of 0.15% at the current share price. Its four-year average dividend yield is 2%. Also, the company's dividend payouts have increased at a CAGR of 8.8% over the past ten years.
For the third quarter that ended September 30, 2024, PGR's net premiums earned increased 22.8% year-over-year to $18.30 billion. The company's net income amounted to $2.33 billion and $3.97 per share, reflecting growth of 108.1% and 110.1% from the prior year's quarter, respectively.
Furthermore, as of September 30, 2024, the company's total investments and total assets stood at $79.40 billion and $105.20 billion, respectively.
Street expects PGR's revenue for the fourth quarter (ending December 2024) to increase 26.1% year-over-year to $19.08 billion, while its EPS is expected to grow 3.4% year-over-year to $3.08, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in three of the trailing four quarters.
PGR's stock has soared 20.5% over the past six months and 61.7% year-to-date to close the last trading session at $257.50.
PGR's bright prospects are reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
The stock has an A grade for Momentum and a B for Quality and Sentiment. PGR is ranked #19 among 55 stocks in the same industry.
<a href="https://stocknews.com/stock/PGR/">Click here</a> to access PGR's ratings for Stability, Growth, and Value.
Stock #1: The Allstate Corporation (<a href="https://stocknews.com/stock/ALL/">ALL</a>)
ALL provides property and, casualty, and other insurance products. The company operates through five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.
On November 14, ALL's division, Allstate Health Solutions, entered into a new partnership with Thatch and Ambetter Health, and Intuit QuickBooks to enhance its product offerings. This strategic collaboration introduces an Individual Coverage Health Reimbursement Arrangement (ICHRA), allowing businesses to directly reimburse employees for healthcare coverage.
The partnership reflects ALL's commitment to helping people find the coverage they need. The solution will offer employees the flexibility to choose the best insurance plan according to their individual needs from a variety of coverage options.
On November 4, ALL and Arlo, a leading smart home security brand, unveiled a smarter way to protect homeowners with The Arlo Total Security bundle for Allstate. The new solution combines professional monitoring, hardware, and device protection and will benefit homeowners this holiday season.
ALL's consolidated revenues increased 14.7% from the prior-year quarter to $16.63 billion during the third quarter that ended September 30, 2024. Its consolidated premiums written rose 10% from the year-ago value to $15.87 billion. The company's adjusted net income came in at $1.05 billion and $3.19 per common share, indicating increases of 389.7% and 382.7% year-over-year, respectively.
Street expects ALL's EPS for the first quarter (ending March 2025) to increase 7.7% year-over-year to $5.53 and its revenue for the same quarter is expected to grow 7% year-over-year to $16.32 billion. Also, the company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters, which is impressive.
ALL's stock has gained 15.8% over the past six months and 39.9% year-to-date to close the last trading session at $195.78.
ALL's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Momentum and Sentiment. It also has a B grade for Stability. Within the A-rated Insurance – Property &amp; Casualty industry, ALL is ranked #4 among the 55 stocks.
<a href="https://stocknews.com/stock/ALL/">Click here</a> to access additional ratings of ALL for Growth, Value, and Quality.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
PGR shares were unchanged in after-hours trading Friday. Year-to-date, PGR has gained 61.61%, versus a 24.40% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/pgr-trv-all-3-insurance-stocks-that-are-beating-the-market-in-2024/>3 Insurance Stocks That Are Beating the Market in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Insurance Stocks That Are Beating the Market in 2024

ATMU

BABA

DPST

FNCL

FNMA

FTXO

FWONK

GOOG

GOOGL

GTLB

KBWB

KBWR

OKTA

SCGLY

ZURVY

Press Releases

Progressive Insurance® Introduces Purpose-Driven Strategy and Initiatives to Help People Move Forward and Live Fully

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Arch Capital Group

American Financial Group, Inc. Common Stock

American Finl Gr

Assured Guaranty

Assurant

Allstate

Axis Capital Holdings Limited Common Stock

Axis Capital Holdings

Cincinnati Financial Corporation - Common Stock

Cincinnati Financial

CNA Financial

Erie Indemnity Company - Class A Common Stock

Erie Indemnity

First American Corporation (New) Common Stock

First American Financial

FNF Group of Fidelity National Financial, Inc. Common Stock

Fidelity National Finl

Hartford Financial Services Group, Inc. (The) Common Stock

Hartford Finl Servs Gr

Kemper

Kinsale Cap Gr

Loews

Mercury General

Markel Group

Old Republic International Corporation Common Stock

Old Republic Intl

Palomar Hldgs

Selective Insurance Group, Inc. - Common Stock

Selective Insurance Gr

Hanover Insurance Gr

The Travelers Companies, Inc. Common Stock

Travelers Companies

WR Berkley

White Mountains Insurance Group, Ltd. Common Stock

White Mountains Insurance

TD Cowen

Evercore ISI Group

Barclays

Morgan Stanley

Keefe, Bruyette & Woods

보험사들은 플로리다에서 두 개의 강력한 허리케인인 <a href="https://www.benzinga.com/news/24/10/41231817/hurricane-milton-dire-warning-if-you-choose-to-stay-youre-going-to-die-officials-encourage-writing-n" target="_blank" rel="noopener" data-google-interstitial="false">헬렌(Helene)과 밀턴(Milton)</a> 이후 심각한 도전에 직면해 있다.
무슨 일이 (What Happened): 허리케인 헬렌 이후 민간 보험사의 손실은 30억~60억 달러로 <a href="https://www.wusf.org/weather/2024-09-25/helene-could-cause-billions-in-private-federal-insurance-losses" target="_blank" rel="noopener">추산</a>되었다. 수요일 탬파 근처 플로리다 걸프 연안에 상륙할 것으로 예상되는 허리케인 밀턴은 플로리다 보험 시장에 추가적인 부담을 가중시키고 있다.
높은 청구 건수, 상승하는 보험료 그리고 보험사들의 탈퇴로 인해 고객들이 이미 큰 타격을 입었다. 밀턴 허리케인 밀턴이 다가오면서 시장은 추가적인 불안정을 겪을 수 있다.
플로리다의 평균 연간 주택 보험료는 10,996달러로 급증하여 미국에서 가장 높은 수준이 되었다.
인슈리파이(Insurify)는 이 숫자가 2024년에 추가로 7% 상승하여 평균 11,759달러에 이를 것으로 <a href="https://insurify.com/homeowners-insurance/report/home-insurance-price-projections/" target="_blank" rel="noopener">예상</a>한다. 이는 여러 요인, 즉 허리케인의 빈도와 강도의 증가, 건축 자재 비용 상승, 재보험 문제 등으로 인해 발생한 일로, 미국 평균의 거의 4배에 달한다.
또한 플로리다에서는 많은 보험사들이 주에서 철수하고 있어 상황을 더욱 악화시키고 있다.
주목할 주식들: 플로리다에서의 허리케인 활동은 여러 주요 상장 보험사들에 영향을 미칠 것으로 예상된다.
주요 도전에 직면한 보험사들은 다음과 같다:
&#8211; 올스테이트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) 
&#8211; 트래블러스 컴퍼니 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) 
&#8211; 프로그레시브 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) 
&#8211; 스테이트 팜 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STFGX#NASDAQ">STFGX</a>)
시민 재산 보험(Citizens Property Insurance Corp.)은 140만 개 이상의 보험 정책을 보유하고 있지만, 평균 21,707달러의 훨씬 높은 보험료를 부과하고 있다. 온라인 매체 클릭 올랜도(<a href="https://www.clickorlando.com/news/local/2024/10/04/what-citizens-insurance-depopulation-means-for-florida-homeowners/" target="_blank" rel="noopener">Click Orlando</a>)에 따르면, &#8216;플로리다의 최후의 보험사&#8217;로 불리는 이 회사는 648,000개 이상의 정책을 민간 보험사들로 이전하고 있다.
이들 보험사들은 청구 건수 증가로 인한 재정적 압박을 받고 있으며, 이는 보험료 상승과 보장 범위 축소로 이어질 것이다. 플로리다에서 운영되는 소규모 지역 보험사들도 파산 위기나 시장에서 철수 압박을 받을 수 있다.
왜 중요한가 (Why It Matters): 인슈런스 비지니스 매거진(Insurance Business Magazine)에 <a href="https://www.insurancebusinessmag.com/us/news/property/florida-insurers-deny-nearly-half-of-hurricane-claims-ratings-agency-says-508765.aspx" target="_blank" rel="noopener">따르면</a>, 몇몇 대형 플로리다 보험사들이 2023년에 종료된 주택 소유자 청구의 거의 절반을 거부했다고 한다.
이들 보험사 중에는:
&#8211; 캐슬 키 인뎀니티(Castle Key Indemnity Co.)가 47.1%의 청구를 거부했다. 
&#8211; 캐슬 키 보험(Castle Key Insurance Company)이 46%였습니다. 
&#8211; 스테이트 팜 플로리다 보험(State Farm Florida Insurance Company) 46.4%를 거부했다.
현금 보존과 파산 회피를 위해 보장을 거부하는 경우가 많다.
어떻게 이런 상황에 이르게 되었나요: 특정 허리케인을 기후 변화에 직접적으로 귀속시키기는 어렵지만, 많은 과학자들은 기후 변화가 극단적인 기상 현상의 빈도를 악화시킨다고 말한다.
지구 온난화로 인한 해양 온도 상승은 폭풍에 더 많은 에너지를 제공하여 헬렌과 밀턴과 같은 허리케인을 더욱 강력하게 만든다.
해수면 상승은 더 심각한 폭풍 해일을 초래한다. 또한 기상 패턴의 변화는 느리게 이동하는 폭풍을 초래하여 강수량을 증가시키고 영향을 받은 지역에서 피해가 장기화될 수 있다. 전반적으로 기후 변화는 폭풍의 강도가 증가하는 데 영향을 미친다.
플로리다 주지사 론 디샌티스는 51개 카운티에 비상사태를 <a href="https://www.flgov.com/2024/10/08/governor-ron-desantis-issues-updates-on-state-preparedness-efforts-for-hurricane-milton-3/" target="_blank" rel="noopener">선언</a>했다. 현재까지 그는 플로리다에서 허리케인의 강도 증가를 <a href="https://www.benzinga.com/topic/climate-change" target="_blank" rel="noopener" data-google-interstitial="false">기후 변화</a>와 직접적으로 연결짓는 것을 일반적으로 피했다.

지금 읽어야 할 것들:
&#8211; <a href="https://www.benzinga.com/news/earnings/24/10/41236355/stocks-rally-as-oil-prices-tumble-tech-chipmakers-lead-as-traders-focus-on-ai-winners-before-earnin">주식이 반등하고 유가가 하락; 기술 및 반도체 업종이 주도하여 거래자들이 AI 승자에 집중: 시장을 움직이는 요인은 무엇?</a>
사진: 2022년 허리케인 이안 이후 포트 마이어스 비치의 대규모 파괴 모습, Felix Mizioznikov 제공
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요. 
Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

허리케인 밀턴이 플로리다 서부 해안에 접근하고 있으며, <a href="https://www.benzinga.com/news/24/09/41073069/hurricane-helene-update-28-dead-power-outages-insurance-damages-and-more" target="_blank" rel="noopener" data-google-interstitial="false">2주 만에</a> 두 번째 강력한 폭풍이 이 주를 덮치고 있다. 최신 소식에 따르면, 밀턴은 수요일 밤 미국에 상륙할 것으로 예상된다.
무슨 일이 (What Happened): <a href="https://www.benzinga.com/markets/equities/24/10/41209505/hurricane-milton-is-floridas-second-storm-in-two-weeks-how-disney-theme-parks-insurance-companie" target="_blank" rel="noopener" data-google-interstitial="false">허리케인 밀턴</a>은 월요일에 시속 180마일의 바람으로 5등급 카테고리에 도달하며, 2024년 세계에서 가장 강력한 폭풍 중 하나가 되었다.
화요일에는 카테고리 4로 하향 조정되었지만, 화요일 늦게나 수요일에 다시 카테고리 5로 격상될 수 있다.
&#8220;제 팀의 멤버들이 허리케인 밀턴에 대한 준비 작업과 허리케인 헬렌(Helene)에 대한 복구 작업을 진행 중이라고 보고했다,&#8221; 조 바이든 대통령이 <a href="https://x.com/POTUS/status/1843709155141452221" target="_blank" rel="noopener">X</a>에 올렸다. &#8220;저는 이 그룹에게 생명을 구하고 극한의 기상 현상 발생 전후에 커뮤니티를 도울 수 있는 모든 것을 하도록 지시했다.&#8221;
바이든은 동남부에 수천 명의 연방 인력이 현장에 있어 자원을 최대한 신속하게 제공하고 있다고 말했다.
&#8220;제 우선순위는 플로리다에 또 다른 잠재적으로 치명적인 폭풍이 상륙할 준비를 하면서 우리의 노력의 규모와 존재감을 늘리는 것이다.&#8221;
탬파 시장 제인 캐스터(Jane Castor)는 정부와 플로리다 주가 협력하지 않아 자원 부족이 발생한다는 잘못된 정보와 루머가 퍼지는 것을 경고했다. 이는 CNN에 의해 <a href="https://www.cnn.com/weather/live-news/hurricane-milton-florida-10-08-24/index.html" target="_blank" rel="noopener">보도</a>된 바 있다.
&#8220;그건 전혀 사실이 아니다,&#8221;라고 캐스터가 말했다.
캐스터는 월요일 밤에 바이든과 준비에 대해 이야기했으며, 미국 연방재난관리청(FEMA) 청장 디앤 크리스웰(Deanne Criswell)과도 이야기했다.
&#8220;그들은 우리가 필요한 모든 자원을 확보하기 위해 노력하고 있다.&#8221;
경제적 영향: 허리케인 밀턴은 보험 부문에 심각한 영향을 미칠 수 있으며, 특히 짧은 기간에 연속적으로 허리케인이 플로리다에 상륙하는 경우 그렇다.
버크셔 해서웨이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), 올스테이트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), 처브(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), 프로그레시브(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) 및 트래블러스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)와 같은 보험 주식은 허리케인의 재정적 영향이 명확해짐에 따라 변동성을 보일 수 있다.
보험 및 기타 부문이 타격을 입을 수 있는 반면, 연방공개시장위원회(FOMC) 위원이자 애틀랜타 연방준비은행 총재인 라파엘 보스틱(Raphael Bostic)은 허리케인이 향후 3~6개월 동안 미국 경제에 큰 영향을 미칠 수 있다고 <a href="https://www.atlantafed.org/news/press-room/media-advisories/2024/10/08/bostic-remarks-atlanta-consular-corps" target="_blank" rel="noopener">말했다</a>.
보스틱은 허리케인 헬렌과 허리케인 밀턴과 같은 폭풍의 변화가 다양한 도시의 주택 수요와 공급에 영향을 미칠 수 있다고 언급했다. 또한 영향력 있는 허리케인의 빈도는 보험 및 식품 원자재 시장에 영향을 줄 수 있다.
금융 회사들은 허리케인 및 기타 재난 사건이 그들의 위험을 어떻게 변화시키는지 인식해야 한다고 보스틱이 덧붙였다.
제프리스(Jefferies)의 애널리스트인 야론 키나르(Yaron Kinar)는 허리케인 밀턴을 잠재적인 &#8216;100년에 한 번 일어날 사건&#8217;이라고 언급하며, 500억 달러 이상의 피해를 초래할 수 있고 최악의 경우 1,750억 달러의 영향을 미칠 수 있다고 CNBC가 <a href="https://www.cnbc.com/2024/10/08/hurricane-milton-could-cause-as-much-as-175-billion-in-damages-according-to-early-estimates.html" target="_blank" rel="noopener">보도</a>했다.
킨더 모건(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)은 중앙 플로리다 파이프라인 시스템을 폐쇄했다고 로이터가 보도했다. 이 파이프라인 시스템은 탬파에서 올랜도로 가는 휘발유와 디젤을 공급한다. 정유회사 시트고(Citgo)도 폭풍을 대비하여 탬파에 있는 터미널을 폐쇄했다.
플로리다의 테마파크들은 주의 깊게 상황을 지켜보고 있으며, 월트 디즈니 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)가 소유한 디즈니 월드와 컴캐스트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)가 소유한 유니버설 올랜도가 정상적으로 운영되고 있다고 AP통신이 <a href="https://apnews.com/live/hurricane-milton-florida-tracker-updates" target="_blank" rel="noopener">보도</a>했다. 한 골드만삭스 애널리스트는 화요일에 허리케인이 디즈니에 <a href="https://www.benzinga.com/general/entertainment/24/10/41229099/disney-faces-150m-200m-blow-from-hurricane-milton-attendance-set-to-drop-6-says-goldman-sac" target="_blank" rel="noopener" data-google-interstitial="false">1억 5천만 달러에서 2억 달러</a>의 부정적 영향을 미칠 수 있다고 언급했다.
대피 명령: 플로리다에서 가장 인구가 많은 다섯 개 도시(잭슨빌, 마이애미, 탬파, 올랜도, 세인트피터즈버그) 중 네 개가 대피 명령이 내려진 카운티에 위치하고 있으며, 잭슨빌만 제외되었다. 이러한 인구 밀집 지역과 여러 카운티에서 대피 명령이 내려지면서 허리케인 밀턴은 2017년 이후 플로리다에서 가장 많은 대피를 야기하고 있다.
정부 관계자들은 의무 대피 지역에서의 대피의 중요성을 강조했으며, 탬파 시장은 대피하지 않을 경우 사망할 수 있다고 말했다.
바이든도 같은 의견을 X를 통해 전달했다.
&#8220;허리케인 밀턴의 경로에 있는 모든 분들에게 지역 공무원의 지시를 따르고 모든 안전 지침을 준수해 주실 것을 권장한다. 대피 명령이 내려진 경우, 안전할 때 지금 대피해야 한다. 생사의 문제이다,&#8221;라고 바이든이 <a href="https://x.com/POTUS/status/1843696607981670523" target="_blank" rel="noopener">X에 게시</a>했다.
AP 통신은 수요일 미국 인구 조사국의 추정에 따르면 약 590만 명의 사람들이 의무 대피 대상인 11개 카운티의 영향을 받았다고 밝혔다.

Photo: Shutterstock
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요. 
Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

허리케인 밀턴에 대한 대피는 "생사의 문제,"라고 바이든이 언급: 막대한 경제적 피해 전망

8월에는 <a href="https://www.benzinga.com/news/earnings/24/08/40648231/wall-street-poised-for-strong-start-as-inflation-data-looms-strategist-says-brace-for-volatile-fall">주식 시장이</a> 7월 중순 정점 이후 겪은 손실을 만회했으며, 이는 실적과 양호한 데이터가 반등에 도움이 되었다. 8월을 뒤로 보내면서 시장 성과를 더욱 폭넓게 측정하는 S&amp;P 500 지수의 상승주와 하락주를 살펴보겠다.
세 가지 추세: 이번 달의 거래는 세 가지 추세로 특징지어질 수 있다. 주식은 8월까지 약세를 이어갔고, S&amp;P 500은 글로벌 주식 시장의 붕괴와 동시에 8월 5일에 바닥을 쳤다. 엔화 강세로 인한 엔캐리 트레이드의 청산은 위험 회피를 부추겨 일본 증시를 급락시켰고 그 반향은 다른 곳에서도 뚜렷이 드러났다.
S&amp;P 500 지수는 공교롭게도 월요일이었던 8월 5일 장중 4.3% 하락했다. 이 붕괴는 1987년 10월의 블랙 먼데이 붕괴와 구별하기 위해 즉시 블랙 먼데이 2.0으로 명명되었다. 일반적으로 VIX라고 불리는 CBOE 변동성 지수는 하락하기 전 장중 65.73으로 두 배 이상 상승했다.
긍정적인 점은 S&amp;P 500이 오늘의 저점을 마감했고 종가까지 3% 정도 하락했다는 것이다.
연방공개시장위원회(FOMC)가 9월 회의에서 금리 인하를 시작할 것이라는 기대감을 강화한 수많은 촉매제 덕분에 시장은 8월 22일까지 저점에서 꾸준히 회복세를 보였다.
강력하고 빠른 회복으로 인해 트레이더들은 방어적인 태도를 취하게 되었고, 그 이후로 시장은 횡보세로 전환되었다.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" class="wp-image-524474" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png" sizes="(max-width: 819px) 100vw, 819px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325.png 819w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-300x231.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/31133559/image-325-768x591.png 768w" alt="" width="819" height="630" /></figure>
출처: Yahoo Finance
8월 S&amp;P 500 지수는 2.28% 상승해 5,648.40으로 한 달을 마감했다. 이는 7월 16일 기록적인 종가인 5,667.20에서 조금 떨어진 수준이다.
참고: <a href="https://www.benzinga.com/money/best-growth-stocks">현재 최고의 성장주</a>
상승 주식들: 2023년 초부터 광범위한 시장 상승세를 주도해 온 매그니피센트 7개 종목 중 어느 종목도 상위 10개 종목에 포함되지 않았다. 이 목록에는 크라우드스트라이크(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)와 포티넷(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)라는 두 개의 사이버 보안 회사가 포함되어 있다. 크라우드스트라이크는 7월 19일 이후 글로벌 IT 중단으로 인한 하락세에서 반등하고 있었다.
포티넷은 실적 발표 후 강력한 반등으로 도움을 받았다.
두 개의 가정용 및 개인 관리 제품 회사들도 포함되었으며, 커피 체인 스타벅스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)는 경영 변화로 주가가 상승했다.
8월의 상위 10개 상승주는 다음과 같다:
<ul>
<li>포장 식품 회사 켈라노바(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) (+38.62%) (주로 비상장 마즈(Mars)의 인수 소문과 그에 따른 거래 확인으로 인해 상승세를 보임)</li>
<li>포티넷 (+32.17%)</li>
<li>스타벅스 (+26.52%)</li>
<li>엑슨 엔터프라이즈(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) (+21.65%); (실적 발표 후 8월 7일에 주가가 상승함)</li>
<li>크로락스 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) (+21.02%)</li>
<li>크라우드스트라이크(+19.54%)</li>
<li>켄뷰(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) (+19.88%)</li>
<li>베스트 바이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) (+16.04%)</li>
<li>아치 캐피털 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACGL#NYSE">ACGL</a>) (+18.07%)</li>
<li>프로그레시브 손해보험사(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) (+17.78%)</li>
</ul>
하락 주식들: S&amp;P 500 지수에 편입된 후 꿈을 꾸었던 인공 지능 서버 제조업체 슈퍼 마이크로 컴퓨터(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)는 공매도 보고서와 회사의 10-K 보고서 제출 지연으로 인해 급락했다. 펀더멘털 리스크를 안고 있는 인텔(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)도 이번 달 최악의 실적을 거뒀다.
몇몇 소매업체들이 8월 S&amp;P 500 하락주 10개 목록에 포함되었다.
8월의 하락 주식 10개는 다음과 같다:
<ul>
<li>슈퍼 마이크로(-37.62%)</li>
<li>모더나(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) (-35.08%)</li>
<li>달러 제너럴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) (-31.08%)</li>
<li>인텔(-27.86%)</li>
<li>월그린스 부츠 얼라이언스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) (-20.19%)</li>
<li>달러 트리(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) (-19.02%)</li>
<li>찰스 리버 래보래토리즈 인터내셔널(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) (-18.99%)</li>
<li>에어비앤비(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) (-15.94)</li>
<li>배스 앤 바디 웍스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) (-15.80%)</li>
<li>엣시(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) (-15.43%)</li>
</ul>
실적 반응으로 인해 인텔 및 모더나를 포함한 일부 주식에서 나타난 약세가 촉발되어 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40139012/moderna-stock-trading-lower-on-dismal-guidance-analysts-cuts-price-targets-noting-c">연간 전망을</a> 낮췄다.
연방준비제도(연준)가 9월 금리 인하를 거의 결정함에 따라 이러한 하락세를 보인 주식 중 일부, 특히 소매관련 주식이 반등할 수 있다.
<a href="https://benzinga.grsm.io/register174">Benzinga Pro 데이터</a>에 따르면, S&amp;P 500 지수를 추적하는 상장지수펀드인 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)는 금요일 0.95% 상승한 563.68달러로 마감했다.
다음 기사 읽기:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">경제학자 피터 쉬프, 연준이 9월에 금리를 인하하면 실수할 수 있다고 경고</a></li>
</ul>
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

8월 S&P 500의 상위 상승주와 하락주: 매그 7종목은 빠지고, 사이버 보안 2종목 포함

2분기 실적 시즌은 이번 주 목요일에 펩시코(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), 프로그레시브(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) 및 델타 항공(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)의 주요 보고서로 시작되며 이어서 JP모건 체이스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), 씨티그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), 웰스파고(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) 등 주요 은행들이 금요일에 이어진다.
골드만삭스 주식 분석가들은 7월에 자주 사전 발표하고 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noopener">조기 결과 발표</a> 이력이 있는 25개 주식을 조사한 후 다가오는 실적 시즌에 대한 4가지 옵션 거래 권장 사항을 식별했다.
역사적으로 7월은 지난 13년 동안 전체 사전 발표의 약 8%를 차지했으며, 특히 TMT(기술, 미디어, 통신), 의료 및 임의 업종에 집중되어 7월 사전 발표(preannouncements)의 약 50%를 차지했다.
주식 분석가인 존 마샬(John Marshall)은 &#8220;사전 발표는 일반적으로 계획된 이벤트가 아니지만, 분기 마감 이후 기간에 예정된 이벤트가 있는 경우 회사는 사전 발표할 가능성이 더 높다&#8221;라고 썼다.
<h3 class="wp-block-heading">1) 스타벅스 콜 옵션</h3>
골드만삭스의 아메리카 레스토랑 분석가인 크리스틴 조(Christine Cho)는 8월 9일에 만료되는 스타벅스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) 콜 옵션을 행사가 77달러로 구매할 것을 권장한다.
조는 트래픽, 앱 사용량, 순구매의향(NPI)의 개선을 나타내는 최근 빈도 데이터로 인해 낙관적이다. 그녀는 이 회사의 주요 이니셔티브가 향후 분기에도 이러한 추진력을 유지할 수 있다고 믿고 있다.
<h3 class="wp-block-heading">2) 치폴레 스트래들 옵션</h3>
조는 이번 실적 발표를 앞두고 치폴레(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)의 스트래들 옵션 구매도 권장한다.
스트래들 옵션 구매는 투자자가 동일한 기초 자산에 대해 행사 가격과 만료일이 동일한 콜 옵션과 풋 옵션을 모두 구매하는 거래 전략이다.
조는 더 높은 처리량과 일관된 제품 실행으로 인해 이 회사의 장기적인 매출 및 수익 모멘텀을 확신하지만, 부분 크기 감소에 대한 부정적인 정서로 인해 단기적인 변동성은 예상된다.
조에 따르면, 투자자들은 치폴레 7월 26일 만기 주간 62달러 스트래들 옵션 구매를 고려해야 한다.
<h3 class="wp-block-heading">3) 웰스파고 콜 옵션</h3>
골드만삭스의 은행 분석가 리처드 램스덴(Richard Ramsden)은 2분기 실적 발표를 앞두고 웰스파고 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)를 매수할 것을 권장한다.
램스덴은 대출 및 예금 성장 가속화와 자산 한도 제한 해제 가능성으로 인해 이 은행의 2024년 순이자소득(NII) 지침 및 수익이 상승할 가능성이 있다고 예상한다.
더욱이, 6월의 2024년 스트레스 테스트 결과에 이어 웰스 파고는 전년 대비 14%의 배당금 증가를 발표하여 합의된 기대치를 뛰어넘고 동종 업체들에 비해 가장 큰 순위를 차지했다.
램스덴은 행사 가격이 61달러인 7월 24일자 만기 콜 옵션을 살 것을 권고합니다.
<h3 class="wp-block-heading">4) 신타스 스트래들 옵션</h3>
골드만삭스의 정보 및 비즈니스 서비스 분석가인 조지 K. 통(George K. Tong)은 최근 설문 조사 결과를 바탕으로 신타스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>)의 매출 성장 둔화 가능성을 확인했다.
그는 이 회사가 2025 회계연도 지침을 제공할 것으로 예상됨에 따라 향후 매출에 변동성이 있을 것으로 예상한다.
단기적인 성장 과제에도 불구하고 통은 이 회사가 유리한 가격 추세를 활용하고 강력한 고객 유지율을 유지하며 미개척 시장에 효과적으로 침투할 수 있는 좋은 위치에 있다고 믿고 있다.
통은 신타스의 7월 24일 만기 700달러 스트래들을 권장한다. 신타스는 7월 18일 회계연도 4분기 실적을 보고할 예정이다.
Image created using artificial intelligence via Midjourney.
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요 
Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

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골드만삭스가 여름 실적 시즌을 앞두고 권장하는 4가지 옵션 트레이딩 전략

지난주 이들 7개 대형주는 최고의 성과를 냈다. 여러분의 포트폴리오에는 포함된 종목이었나요?
<ol>
<li>유나이티드 항공(에어라인) 홀딩스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)의 주가는 1분기 실적 발표 이후 지난주 21.79% 급등했다. 매출은 125억 3900만 달러로 컨센서스 추정치 124억 달러를 상회했으며, 조정 주당 손실은 0.15달러로 추정치 0.57달러를 <a href="https://www.benzinga.com/news/earnings/24/04/38291030/why-united-airlines-stock-is-rising-wednesday" target="_blank" rel="noreferrer noopener">상회</a>했다. 몇몇 분석가들은 주식에 대한 <a href="https://www.benzinga.com/quote/UAL/analyst-ratings" target="_blank" rel="noreferrer noopener"> 예상</a>을 높였다.</li>
<li>유나이티드헬스그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)은 1분기에 기대 이상의 매출을 올린 덕분에 지난주 주가가 12.43% 상승하였다. 이 회사는 여전히 자회사인 체인지 헬스케어(<a href="https://www.benzinga.com/news/earnings/24/04/38267213/investors-cheer-unitedhealths-q1-earnings-despite-cyberattack-fallout-taking-872m-hit-from-hack" target="_blank" rel="noreferrer noopener">Change Healthcare</a>)에 대한 지난 2월의 사이버 공격 문제를 처리 중에 있다.</li>
<li>제뉴인 파츠 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>)의 주식은 1분기 보다 예상이 더 나은 실적 발표 이후 10.07%의 상승했다. <a href="https://www.benzinga.com/news/earnings/24/04/38316106/why-genuine-parts-shares-are-rising-today-after-q1-earnings" target="_blank" rel="noreferrer noopener">그리고 연간 수익 전망을 상향</a>했다.</li>
<li>벤틀리 시스템즈(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>)의 주식은 지난주 7.94% 상승했다. 프랑스의 산업 거인인 슈나이더 일렉트릭 SE(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>)(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSF#OTC">SBGSF</a>)가 <a href="https://www.benzinga.com/markets/equities/24/04/38333524/whats-going-on-with-bentley-systems-stock-amid-multibillion-dollar-merger-talks" target="_blank" rel="noreferrer noopener">벤틀리 시스템즈의 잠재적 인수에 대한 논의를 확인</a>한 것으로 알려졌다.</li>
<li>엘리밴스 헬스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>)의 주식은 지난주 5.15% 상승했다. 이 회사는 1분기 메디케이드 등록자 수가 21% 감소하였으나 22억 달러의 1분기 순 이익을 발표하고 연간 지침을 상향했다.  이 주식에 대해 몇몇 애널리스트들은 <a href="https://www.benzinga.com/quote/ELV/analyst-ratings" target="_blank" rel="noreferrer noopener">예상치를 높였다</a>.</li>
<li>프로그레시브(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>)의 주식은 지난주 3.34% 상승했다. 이 회사는 1분기 순 보험료가 전년 동기대비 19% 성장하였다. 몇몇 애널리스트들은 이 <a href="https://www.benzinga.com/quote/PGR/analyst-ratings" target="_blank" rel="noreferrer noopener">주식에 대한 예상치를 높였다</a>.</li>
<li>모건 스탠리(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)의 주식은 지난주 예상보다 좋은 1분기 실적을 발표한 후 3.3% 상승했다. 이 투자은행의 <a href="https://www.benzinga.com//node/38272690" target="_blank" rel="noreferrer noopener">매출은 전년 대비 16% 증가했다</a>. 이 은행은 또한 APC 지역의 직원을 <a href="https://www.benzinga.com//node/38287804" target="_blank" rel="noreferrer noopener">줄이기로 결정했다</a>.</li>
</ol>
참고 사항: <a href="https://www.benzinga.com/news/large-cap/24/04/38348564/lets-spill-the-tea-top-consumer-tech-news-you-should-know-from-last-week" target="_blank" rel="noopener">지난주에 발표된 소비자 기술 뉴스의 주요 내용을 알고 싶다면</a>
사진: 셔터스톡

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