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Stock Market & Financial Investment News

News Breaks
December 12, 2012
11:06 EDTPGRProgressive says total cost for Superstorm Sandy 'nearly' $90M
Progressive said earlier this morning that, "In November, we incurred catastrophe losses of about $34M, or 2.7 loss ratio points, primarily in New York and New Jersey related to Superstorm Sandy, reflecting higher severity than originally estimated. The total cost for this late-season storm is nearly $90M, bringing our total year-to-date catastrophe losses to $264M, or 1.8 points, compared to $204M, or 1.5 points, last year." Reference Link
News For PGR From The Last 14 Days
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September 25, 2014
06:08 EDTPGRCiti recommends long Progressive, short Allstate pair trade
Citigroup recommends a pair trade of overweighting Progressive (PGR) while underweighting Allstate (ALL). Citi expects margins to expand for Progressive and fall at Allstate. The firm has a Buy rating on Progressive and Neutral rating on Allstate.

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