MENU
Go to the list of all blogs
Harry Richardson's Avatar
published in Blogs
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

PGR in upward trend: price may jump up because it broke its lower Bollinger Band on July 15, 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 of 31 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 29, 2026. You may want to consider a long position or call options on PGR as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

PGR moved above its 50-day moving average on July 24, 2026 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PGR crossed bullishly above the 50-day moving average on July 29, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PGR advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 310 cases where PGR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PGR moved out of overbought territory on July 14, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Moving Average Convergence Divergence Histogram (MACD) for PGR turned negative on July 15, 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 53, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (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 (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 (3.611) is slightly higher than the industry average of (2.093). P/E Ratio (10.701) is within average values for comparable stocks, (16.279). PGR's Projected Growth (PEG Ratio) (61.129) is very high in comparison to the industry average of (8.232). PGR's Dividend Yield (0.065) is considerably higher than the industry average of (0.022). P/S Ratio (1.376) is also within normal values, averaging (1.566).

The Tickeron PE Growth Rating for this company is (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.

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 13.79B. The market cap for tickers in the group ranges from 93.9K to 135.09B. CB holds the highest valuation in this group at 135.09B. The lowest valued company is UNAM at 93.9K.

High and low price notable news

The average weekly price growth across all stocks in the Property/Casualty Insurance Industry was 0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 13%. SAFT experienced the highest price growth at 41%, while LMND experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Property/Casualty Insurance Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was 5% and the average quarterly volume growth was -7%

Fundamental Analysis Ratings

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

Valuation Rating: 51
P/E Growth Rating: 69
Price Growth Rating: 42
SMR Rating: 61
Profit Risk Rating: 53
Seasonality Score: 21 (-100 ... +100)
View a ticker or compare two or three
MKL
Daily Signal:
Gain/Loss:
Interact to see
Advertisement
A.I.Advisor
published price charts
Last 5 trading days
A.I. Advisor
published General Information

General Information

a provider of property and casualty insurance services

Industry PropertyCasualtyInsurance

Profile
Details
Industry
Specialty Insurance
Address
4521 Highwoods Parkway
Phone
+1 804 747-0136
Employees
21600
Web
https://www.mklgroup.com