Progressive (PGR), one of the largest U.S. insurers, has turned $10,000 into more than $90,000 over 10 years, double the S&P 500's return over the same period. Its shares fell 7% after the third-quarter report, even though the company holds a dominant position in U.S. auto insurance with an 18.6% market share, according to the National Association of Insurance Commissioners. Progressive has beaten its target combined ratio of 96% every year over the past decade, reporting 87.4% in 2025 and 88.7% in the third quarter, 0.8 percentage points lower than a year earlier. Management said it recently slowed growth to address profitability, and the stock trades at a trailing P/E under 11 and a price-to-book ratio of 3.5, both below their 10-year averages. The article suggests the stock could be a buying opportunity, though its decline may not be over yet.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- These 5 Household Essentials Now Cost at Least 5% More Than 3 Years Ago
Based on U.S. Bureau of Labor Statistics data from July 2023 to July 2026, the article reports that ground beef rose 26.7%, coffee 25.8%, baby food and formula 7.5%, fruits and vegetables 5.1%, and household cleaning products 5%. A $20 ground beef purchase from three years ago would now cost about $25.34, and a $15 bag of coffee about $18.87. A family spending $200 a month on baby food and formula would pay about $215, which could add up to more than $180 over a year. The article suggests consumers may accept higher prices, switch to cheaper versions, or cut spending elsewhere.
- Hampton increases towing fees for first time in more than 20 years
Hampton City Council has unanimously voted to raise towing fees for the first time since 2000, with a police-requested tow now set at a $210 flat fee, up from $125 for a standard tow and $285 for heavy vehicles. A $30 surcharge applies to tows between 7 p.m. and 7 a.m., daily storage rises from $28 to $55, and the standby fee for non-immediate service calls jumps from $25 per half hour to $62.50. The adopted plan is less steep than the advisory board's original proposal, which Ashley Abbott, owner of Asset Auto Recovery and a board member, said provides some relief to towing companies while matching the state's default rates. Council members Randy Bowman and Steven Brown had earlier pushed back on the original proposal over concerns about passing costs to residents, and Bowman said he is now comfortable with the new plan. Under the new rules, rates will be reviewed annually and adjusted to track any changes the state makes to its towing rates, Mayor Jimmy Gray said.
- SCHD Pays $8,384 More a Year Than SCHG. Over Five Years SCHG Returned $121,800 More
On a $300,000 investment, SCHD is estimated to pay $9,604 a year and SCHG about $1,220, a gap of $8,384 in annual cash. From October 13, 2021 to October 13, 2026, SCHG returned 98.84% on a dividend-adjusted basis versus 58.24% for SCHD, finishing $121,800 ahead. Over the year to October 13, 2026, however, SCHD returned 29.85% against 16.67% for SCHG, finishing $39,540 ahead. The article notes SCHG is concentrated in large tech names such as NVIDIA (11.01% of net assets as of May 31, 2026), while SCHD's largest holding is QUALCOMM at 6.74%. The author argues investors should first decide whether they need cash from the portfolio, then compare several time windows rather than relying on one.
- Spain inflation reaches highest rate in more than three years - The Leader
Inflation in Spain accelerated in September to its highest level since February 2023, mainly driven by higher fuel and air travel prices, according to final figures from the National Statistics Institute (INE) released on Wednesday. The EU-harmonised annual rate rose to 5.0% from 4.6% in August, matching the INE's preliminary estimate and the average forecast of analysts polled by Reuters. Core inflation, which excludes volatile fresh food and energy, climbed to 3.1% from 2.9%. Spain's national consumer price index showed annual inflation of 4.9% in September, up from 4.3% in August, in line with the preliminary estimate. The article notes that inflation surged globally after the Covid-19 pandemic and Russia's invasion of Ukraine, and that Spain's rate hit a level last seen in 1984 in 2022 and has mostly stayed above the ECB's 2% target since.
- Amazon Is Up More Than 2,200% in 10 Years. What's Next?
Amazon (AMZN) rose 528.33% over 10 years, from $41.55 to $261.07 in midday trading, so a $1,000 stake would be worth about $6,283.30. The base case projects $1,000 could reach about $2,021.20 by 2031, a 102.12% total return or 15.11% annualized, while one-year targets for 2027 range from $1,093.30 to $1,470.50. AWS revenue reached $42.2 billion in Q2, up 36.7%, with backlog at $496 billion, and the AI and chip businesses each have run rates above $25 billion. The main risks are roughly $200B of 2026 capex and free cash flow that fell 66% to $11.19B in 2025. Q2 GAAP EPS of $5.75 was inflated by $53.4 billion of non-operating gains, versus comparable EPS near $1.88, and the article stresses these are scenarios, not certainties.
- Prediction: 2 Stocks That Will Be Worth More Than Micron 5 Years From Now
Micron, with a market cap of about $1.12 trillion, benefits from strong demand for memory chips from AI data centers. The author argues AMD could overtake it, citing a 50% year-over-year rise in second-quarter revenue to $11.5 billion, a 107% jump in data center revenue, and a server processor share of 34.5%, up from 27.3%. The author also believes SK Hynix, with a market cap of about $780 billion, could overtake Micron, given its 50% share of the high-bandwidth memory market versus Micron's 18% and a P/E of 11 compared with Micron's 25. Analysts expect SK Hynix's long-term EPS growth at 82%, versus 65% for Micron. If SK Hynix earns $44.63 per share in 2028 and trades at 15 times earnings, its stock could reach $669, about four times its current price.
Related markets
Latest news
- Meta Earnings: What To Look For From META
Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.