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PGR

Progressive

$61.42

-0.11 (-0.18%)

, ALL

Allstate

$98.40

0.34 (0.35%)

08:52
08/07/18
08/07
08:52
08/07/18
08:52

Progressive initiated with an Outperform at Credit Suisse

Credit Suisse analyst Michael Zaremski started Progressive (PGR) with an Outperform rating and $73 price target. The analyst believes telematics has been and will continue to be a profitability game changer, and thinks Progressive, and to a lesser extent, Allstate (ALL), have huge leads on the competition, which he feels will afford them competitive advantages for years to come. Zaremski estimates Progressive has telematics data on approximately 25% of its customers, and expects this number to more than double in the coming 24 months, which will enable Progressive to further refine its underwriting factors to price risk more accurately and continue attracting the industry's best risks.

PGR

Progressive

$61.42

-0.11 (-0.18%)

ALL

Allstate

$98.40

0.34 (0.35%)

  • 07

    Aug

PGR Progressive
$61.42

-0.11 (-0.18%)

06/06/18
BUCK
06/06/18
NO CHANGE
BUCK
Buckingham finds auto insurance placeholder on Amazon site
After an earlier article in "The Information" hinted that Amazon (AMZN) has contemplated offering home insurance in bundles with its smart devices, Buckingham analyst Amit Kumar said that when he went on Amazon's website, he found empty links/placeholders for "Financial Services" and "Auto Insurance," though he added he did not see a placeholder for "Homeowners." In terms of market share, Kumar said Allstate (ALL) is the most exposed to an Amazon entry to home, with 27% of its top line coming from Homeowners. In Personal Auto, Progressive (PGR) and Allstate are exposed with 82% and 68% of their premiums coming from auto insurance, the analyst stated. Other publicly traded companies in the insurance space include ACE Limited (ACE), AIG (AIG), Chubb (CB), Hartford Financial (HIG) and Travelers (TRV).
06/06/18
JPMS
06/06/18
NO CHANGE
JPMS
Amazon more likely to partner with home insurers, JPMorgan says
Insuring homes is a highly regulated business that requires major infrastructure to settle claims and the catastrophe exposure is significant, JPMorgan analyst Sarah DeWitt tells investors in a research note after The Information reported that Amazon.com (AMZN) is considering offering homeowner's Insurance. The analyst would be surprised if Amazon sought to fully manufacture homeowners' insurance and thinks a partnership with insurers would be more likely. Names in the property and casualty insurance space include Progressive (PGR), Allstate (ALL), Chubb (CB), Hartford Financial (HIG) and Travelers (TRV).
06/06/18
KBWI
06/06/18
NO CHANGE
KBWI
Amazon unlikely to overly disrupt insurance market, says Keefe Bruyette
Amazon.com's (AMZN) possible entry into homeowners insurance is unlikely to be "overly disruptive" to the industry, Keefe Bruyette analyst Meyer Shields told investors earlier in a research note. The analyst says that in the past, the U.S has been a relatively slow adopter of online insurance offerings. Names in the property and casualty insurance space include AIG (AIG), Allstate (ALL), Chubb (CB), Hartford Financial (HIG), Progressive (PGR) and Travelers (TRV).
07/27/18
ARGS
07/27/18
UPGRADE
Target $68
ARGS
Buy
Progressive upgraded to Buy from Hold at Argus
Argus analyst Jacob Kilstein upgraded Progressive to Buy with a price target of $68. The company has posted steady earnings growth in recent quarters, and the stock appears "favorably valued" by historical standards and relative to peers, Kilstein tells investors in a research note. He notes the shares have underperformed over the past quarter.
ALL Allstate
$98.40

0.34 (0.35%)

07/18/18
BUCK
07/18/18
UPGRADE
BUCK
Neutral
Allstate upgraded to Neutral from Underperform at Buckingham
07/18/18
BUCK
07/18/18
UPGRADE
Target $88
BUCK
Neutral
Allstate upgraded to Neutral from Underperform at Buckingham
As previously reported, Buckingham upgraded Allstate to Neutral from Underperform. Analyst Amit Kumar raised his view citing valuation and maintained a $88 price target on shares.

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KAMN

Kaman

$62.28

1.31 (2.15%)

08:47
06/26/19
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08:47
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08:47
Conference/Events
Kaman to host conference call »

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  • 26

    Jun

CDNA

CareDx

$35.67

1.44 (4.21%)

08:46
06/26/19
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08:46
Hot Stocks
CareDx receives U.S. patent for transplants »

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TRUP

Trupanion

$33.46

-0.35 (-1.04%)

08:45
06/26/19
06/26
08:45
06/26/19
08:45
Recommendations
Trupanion analyst commentary  »

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  • 12

    Sep

ORIT

Oritani Financial

$16.23

0.14 (0.87%)

08:45
06/26/19
06/26
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08:45
Hot Stocks
Breaking Hot Stocks news story on Oritani Financial »

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QSR

Restaurant Brands

$69.64

-0.655 (-0.93%)

, IWM

iShares Trust Russell 2000 Index Fund

$151.14

-0.95 (-0.62%)

08:45
06/26/19
06/26
08:45
06/26/19
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

QSR

Restaurant Brands

$69.64

-0.655 (-0.93%)

IWM

iShares Trust Russell 2000 Index Fund

$151.14

-0.95 (-0.62%)

XON

Intrexon

$7.34

0.17 (2.37%)

RAD

Rite Aid

$6.85

0.55 (8.73%)

ZM

Zoom Video

$84.88

-4.63 (-5.17%)

JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$26.45

1.43 (5.72%)

ERI

Eldorado Resorts

$43.76

-2.1 (-4.58%)

AXGT

Axovant

$6.39

-0.04 (-0.62%)

ODP

Office Depot

$1.85

-0.045 (-2.38%)

03/08/13
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  • 26

    Jun

  • 17

    Jul

GOLD

Barrick Gold

$16.02

-0.23 (-1.42%)

08:43
06/26/19
06/26
08:43
06/26/19
08:43
Hot Stocks
Barrick Gold 'continues to believe' proposal reflects 'the fair value' of Acacia »

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TRUP

Trupanion

$33.46

-0.35 (-1.04%)

08:41
06/26/19
06/26
08:41
06/26/19
08:41
Hot Stocks
Trupanion ordered by Washington regulator to pay $100,000 fine »

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  • 12

    Sep

ATU

Actuant

$24.15

0.48 (2.03%)

08:40
06/26/19
06/26
08:40
06/26/19
08:40
Earnings
Actuant sees FY19 adj. EPS $1.15-$1.21, consensus $1.17 »

Sees FY19 revenue…

03/08/13
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  • 26

    Jun

08:40
06/26/19
06/26
08:40
06/26/19
08:40
General news
U.S. durable orders declined another 1.3% in May »

U.S. durable orders…

08:40
06/26/19
06/26
08:40
06/26/19
08:40
General news
FX Action: The dollar »

FX Action: The dollar was…

PAYX

Paychex

$84.76

-1.41 (-1.64%)

08:39
06/26/19
06/26
08:39
06/26/19
08:39
Earnings
Paychex sees FY20 adj. EPS up 8%-9%, consensus $3.10 »

Sees FY20 revenue up…

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  • 26

    Jun

ATU

Actuant

$24.15

0.48 (2.03%)

08:39
06/26/19
06/26
08:39
06/26/19
08:39
Earnings
Actuant sees Q4 adj. EPS 25c-31c, consensus 30c »

Sees Q4 revenue…

03/08/13
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  • 26

    Jun

BYND

Beyond Meat

$150.58

9.76 (6.93%)

08:39
06/26/19
06/26
08:39
06/26/19
08:39
Hot Stocks
Beyond Meat announces nationwide retail launch of Beyond Beef »

Beyond Meat announced its…

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ATU

Actuant

$24.15

0.48 (2.03%)

08:38
06/26/19
06/26
08:38
06/26/19
08:38
Earnings
Actuant reports Q3 adj. EPS 45c, consensus 40c »

Reports Q3 revenue $295M,…

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  • 26

    Jun

PAYX

Paychex

$84.76

-1.41 (-1.64%)

08:38
06/26/19
06/26
08:38
06/26/19
08:38
Earnings
Paychex reports Q4 adj. EPS 63c, consensus 64c »

Reports Q4 revenue…

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  • 26

    Jun

FPAY

FlexShopper

$1.02

0.025 (2.51%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Hot Stocks
FlexShopper reports year-to-date total originations up 47% »

FlexShopper provided an…

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CTVA

Corteva

$27.68

-0.31 (-1.11%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Hot Stocks
Corteva names Marcos Lutz to Board of Directors »

Corteva announced that…

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NUE

Nucor

$54.30

0.57 (1.06%)

, AKS

AK Steel

$2.17

0.03 (1.40%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Recommendations
Nucor, AK Steel, Steel Dynamics, TimkenSteel, U.S. Steel, ArcelorMittal, Cleveland-Cliffs, Commercial Metals analyst commentary  »

Nucor flat rolled price…

NUE

Nucor

$54.30

0.57 (1.06%)

AKS

AK Steel

$2.17

0.03 (1.40%)

STLD

Steel Dynamics

$29.87

0.71 (2.43%)

TMST

TimkenSteel

$7.45

0.17 (2.34%)

X

U.S. Steel

$14.93

0.48 (3.32%)

MT

ArcelorMittal

$17.20

0.34 (2.02%)

CLF

Cleveland-Cliffs

$9.82

(0.00%)

CMC

Commercial Metals

$16.75

-0.16 (-0.95%)

03/08/13
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  • 19

    Jul

  • 30

    Jul

XFOR

X4 Pharmaceuticals

$14.49

-0.7 (-4.61%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Hot Stocks
X4 Pharmaceuticals initiates Phase 3 clinical trial of mavorixafor »

X4 Pharmaceuticals…

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ZIOP

Ziopharm

$5.61

0.19 (3.51%)

08:36
06/26/19
06/26
08:36
06/26/19
08:36
Hot Stocks
Ziopharm completes enrollment of controlled IL-12 plus Opdivo Phase 1 trial »

Ziopharm Oncology…

03/08/13
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  • 12

    Sep

KOOL

Cesca Therapeutics

$2.65

-0.115 (-4.16%)

08:36
06/26/19
06/26
08:36
06/26/19
08:36
Hot Stocks
Cesca Therapeutics regains Nasdaq listing compliance »

Cesca Therapeutics…

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ASNA

Ascena Retail

$0.65

-0.0373 (-5.39%)

08:36
06/26/19
06/26
08:36
06/26/19
08:36
Hot Stocks
Ascena Retail reduces size of board to 10 members from 12 members »

Ascena Retail announced…

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CTVA

Corteva

$27.68

-0.31 (-1.11%)

08:35
06/26/19
06/26
08:35
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08:35
Hot Stocks
Corteva says targeting dividend policy of 25%-35% of annual net income »

The company expects to…

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VERU

Veru

$2.10

-0.03 (-1.41%)

08:34
06/26/19
06/26
08:34
06/26/19
08:34
Hot Stocks
Veru announces completion of pre-NDA meeting with FDA for TADFIN »

Veru announced that the…

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AA

Alcoa

$22.54

0.33 (1.49%)

08:34
06/26/19
06/26
08:34
06/26/19
08:34
Hot Stocks
Alcoa amends joint venture with Ma'aden »

Alcoa announced that it…

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  • 17

    Jul

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