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Sep 21, 2023

$PGR, $CB, $TRV, $CINF, $MKL, and Others Surge 5-13% in a Month, Outperforming the Market.

The Property and Casualty insurance industry has outperformed the market significantly in the last month, with company stocks growing by 5-13%. Meanwhile, the overall market remains in negative territory. You can receive signals for these company stocks by subscribing to our robots: Swing-Trader-Long-Only-3-1K-per-position-MACD-RSI-Strategy-for-Financial-Stocks-TA.

Property and casualty companies provide insurance coverage for non-physical harm, including scenarios like lawsuits, damage to personal assets, and car accidents. Some of the largest providers in this industry are Progressive Corporation, Travelers Companies, Inc., and Allstate Corporation.

Market Cap: The average market capitalization for companies in the Property/Casualty Insurance Industry is 12.8 billion dollars. Market capitalization for these companies ranges from 93.9 thousand dollars to 87.8 billion dollars. CB holds the highest valuation in this group at 87.8 billion dollars, while UNAM is the lowest valued company at 93.9 thousand dollars.

High and Low Price Notable News: On average, the weekly price growth for stocks in the Property/Casualty Insurance Industry was 1.44%. Monthly price growth averaged at 2.16%, and quarterly growth at 10.55%. CNFR experienced the highest price growth at 18.58%, while DOMA had the largest decline at -23.56%.

  • On July 22, 2023, Chubb (CB, $199.81) recorded a significant weekly gain with a +6.1% increase.
  • Progressive (PGR, $124.39) also had a notable weekly gain of +6.51% on July 22, 2023.
  • Progressive (PGR, $116.79) experienced a significant weekly decline of -11.02% on July 15, 2023.

Volume: Weekly volume growth across all stocks in the Property/Casualty Insurance Industry averaged at 11.91%. Monthly volume growth averaged 8.47%, while quarterly volume growth was at -8.05%.

  • On September 16, 2023, Loews saw a substantial increase in volume for one day, resulting in a record-breaking daily growth of 257% of the 65-Day Volume Moving Average.
  • Similarly, on August 1, 2023, Cincinnati Financial had a one-day increase in volume, resulting in a record-breaking daily growth of 211% of the 65-Day Volume Moving Average.

Fundamental Analysis Ratings: The average fundamental analysis ratings, where 1 is the best and 100 is the worst, are as follows:

  • Valuation Rating: 48
  • P/E Growth Rating: 58
  • Price Growth Rating: 49
  • SMR Rating: 90
  • Profit Risk Rating: 71
  • Seasonality Score: -23 (-100 ... +100)
  • PGR: Momentum Indicator turned positive on September 01, 2023, with a 67% chance of an upward trend. Current price: $142.69, experiencing a 5% uptrend in the last month.

  • CB: MACD Histogram turned positive on September 07, 2023, with a 55% chance of continued upward trend. Current price: $213.67, trading between $205.88 support and $218.31 resistance lines. Experienced an 8% uptrend in the last month.

  • TRV: RSI Indicator moved out of oversold territory on August 24, 2023, with a 57% chance of an upward move. Current price: $168.98, trading between $188.23 resistance and $141.71 support lines. Experienced a 3% uptrend in the last month.

  • CINF: MACD Histogram turned positive on September 12, 2023, with a 67% chance of a continued upward trend. Current price: $109.52, trading between $112.06 resistance and $104.77 support lines. Experienced a 4% uptrend in the last month.

  • MKL: MACD Histogram turned positive on September 13, 2023, with a 65% chance of a continued upward trend. Current price: $1544.99, trading between $1575.54 support and $1489.53 resistance lines. Experienced a 3% uptrend in the last month.

  • EG: MACD Histogram turned positive on August 29, 2023, with a 70% chance of a continued upward trend. Current price: $392.17, trading between $477.61 resistance and $376.81 resistance lines. Experienced a 12% uptrend in the last month.

  • L: Momentum Indicator turned positive on August 31, 2023, with a 62% chance of an upward move. Current price: $64.98, trading between $74.50 resistance and $58.48 support lines. Experienced a 6% uptrend in the last month.

Related Ticker: PGR, CB, TRV, CINF, MKL, EG, L

Contributor

Harry Richardson — Algorithmic Trader & Strategy Developer Harry is an algorithmic trader specializing in impulse and breakout trading strategies across cryptocurrency and equity markets. With more than 10 years of experience in developing automated trading systems, he focuses on building structured algorithms designed to capture momentum while maintaining strict risk control. His approach combines quantitative analysis, real-market execution, and continuous performance monitoring. Vitalii prioritizes risk management, drawdown control, and strategy stability over short-term optimization, ensuring algorithms are adaptable to changing market conditions. He has developed and tested hundreds of automated strategies, working extensively with live trading environments, forward testing, and portfolio-level algorithm management. His work centers on transforming trading ideas into fully operational, scalable automated systems.


PGR in upward trend: price may jump up because it broke its lower Bollinger Band on September 08, 2026

PGR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 22 of 30 cases where PGR's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 73%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for PGR crossed bullishly above the 50-day moving average on August 28, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 61%.

Following a +1.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where PGR advanced for three days, in 193 of 334 cases, the price rose further within the following month. The odds of a continued upward trend are 58%.

The Aroon Indicator entered an Uptrend today. In 181 of 323 cases where PGR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 16, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PGR as a result. In 40 of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 41%.

The Moving Average Convergence Divergence Histogram (MACD) for PGR turned negative on September 08, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 25 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 50%.

PGR moved below its 50-day moving average on September 18, 2026 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PGR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 49%.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is 31 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 55, placing this stock better than average.

The Tickeron Price Growth Rating for this company is 53 (best 1 - 100 worst), indicating fairly steady price growth. PGR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 62 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: PGR's P/B Ratio (3.609) is slightly higher than the industry average of (2.092). P/E Ratio (10.711) is within average values for comparable stocks, (15.053). PGR's Projected Growth (PEG Ratio) (65.465) is very high in comparison to the industry average of (3.353). PGR's Dividend Yield (0.065) is considerably higher than the industry average of (0.018). P/S Ratio (1.400) is also within normal values, averaging (1.594).

The Tickeron PE Growth Rating for this company is 67 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is 91 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Industry description

Property and casualty companies insure against accidents of non-physical harm, such as lawsuits, damage to personal assets, car crashes and more. Progressive Corporation, Travelers Companies, Inc. and Allstate Corporation are some of the biggest providers of such products.

Market Cap

The average market capitalization across the Property/Casualty Insurance Industry is 13.38B. The market cap for tickers in the group ranges from 0 to 131.42B. CB holds the highest valuation in this group at 131.42B. The lowest valued company is FXFLF at 0.

High and low price notable news

The average weekly price growth across all stocks in the Property/Casualty Insurance Industry was -4%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 17%. PRCH experienced the highest price growth at 1%, while DGICB experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Property/Casualty Insurance Industry was 10%. For the same stocks of the Industry, the average monthly volume growth was 1% and the average quarterly volume growth was -11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 61
Price Growth Rating: 49
SMR Rating: 69
Profit Risk Rating: 54
Seasonality Score: -13 (-100 ... +100)
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published General Information

General Information

a provider of automobile and casualty insurance services

Industry PropertyCasualtyInsurance

Industry
Property Or Casualty Insurance
Address
300 North Commons Boulevard
Phone
+1 440 461-5000
Employees
70053
Web
https://www.progressive.com
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