Why These 15 Insurance Stocks Are Skyrocketing So Far In 2025

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8. Progressive Corp (NYSE:PGR)

Number of Hedge Fund Holders In Q4 2024: 100

Progressive Corp (NYSE:PGR) is the second-largest auto insurer in the United States that provides various types of specialty property-casualty insurance products.

The stock is up significantly so far in 2025 as it reported solid January 2025 financial results. The company reported net income of $1.117 billion, up 59% compared to January 2024. Net premiums written grew by 18% to $5.56 billion and net premiums earned 19% to $6.04 billion. As such, the combined ratio improved to 84.1 from 87.3.

Price targets have been raised after its financial results and institutional investors have shown a lot of interest in the stock. The insurance industry has been benefiting from favorable conditions such as rising premiums and better loss ratios due to improved risk management practices, so the broader market is also cooperating.

The consensus price target of $276.12 implies 3.81% upside.

PGR is up 13.23% year-to-date.

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