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Progressive Upgraded Following Lowered Estimates
Friday, October 14, 2016 - 7:57am | 367Read More...Citi’s James Naklicki believes expectations that the consensus EPS and margin estimates for 2016 for Progressive Corp (NYSE: PGR) were too high, given the new business penalty, had played out. Therefore, Naklicki sees the stock as having been revalued lower. Naklicki upgraded the rating on...
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The Case For And Against More Caution In P&C Insurance
Monday, June 20, 2016 - 2:47pm | 426Read More...Analysts at Citi took recent pressure in Property & Casualty Insurance stocks so far in June and over the second quarter to reassess the firm's cautiously positive view on the sector. Todd Bault and James Naklicki offered insight in to both the more cautious and more favorable...
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Citi Downgrades Progressive To Sell
Thursday, June 2, 2016 - 11:38am | 257Read More...Citi has downgraded Progressive Corp (NYSE: PGR) to Sell from Neutral, saying that consensus expectations for the auto insurer is "too optimistic" amid potential deterioration in margins. "It's well understood that Progressive is going through a growth spurt, and as...
