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Fly News Breaks for April 15, 2015
PGR
Apr 15, 2015 | 15:47 EDT
Wells Fargo said Progressive's March operating EPS of 19c topped the firm's 13c estimate and meant its Q1 EPS came in at 46c, which was above the firm's 40c estimate and the consensus forecast of 43c. The firm keeps a Market Perform rating on Progressive, noting that it believes its shares could contract to a level closer to other personal lines peers as the company takes on more earnings volatility with its ASI acquisition.
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