The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial trucking industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, and program managers. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty coverages and related risk management services through independent agencies and brokers. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners' insurance to individuals through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.

The Travelers Companies, Inc.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA) where we have detected an approximate $112.0 million dollar outflow -- that's a 0.3% decrease week over week (from 87,192,867 to 86,942,867). Among the largest underlying components of DIA, in trading today Travelers Companies Inc (Symbol: TRV) is up about 1%, Honeywell International Inc (Symbol: HON) is up about 2%, and Johnson & Johnson (Symbol: JNJ) is higher by about 0.4%. For a complete list of holdings, visit the DIA Holdings page » The chart below shows the one year price performance of DIA, versus its 200 day moving average:
Looking at the chart above, DIA's low point in its 52 week range is $366.32 per share, with $455.85 as the 52 week high point — that compares with a last trade of $455.34. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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DIA, TRV, HON, JNJ: Large Outflows Detected at ETF

Shares of The Travelers Companies, Inc. TRV closed at $274.92 on Thursday, near its 52-week high of $277.83. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $262.90 and $256.73, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
Travelers has a solid surprise history. The insurer has a solid track record of beating earnings estimates in each of the last four quarters, with the average being 89.97%.
Image Source: Zacks Investment Research
TRV is an Outperformer
Shares of Travelers have gained 23.9% in the past year, outperforming its industry, the Finance sector, and the Zacks S&P 500 composite’s growth of 7.4%, 16% and 14.3%, respectively.
Image Source: Zacks Investment Research
TRV Shares are Expensive
Its shares are trading at a premium to the Zacks Property and Casualty Insurance industry. Its price-to-book value of 2.1X is higher than the industry average of 1.53X.
The company has a Value Score of B. This style score helps find the most attractive value stocks.
Shares of other insurers like The Allstate Corporation ALL, Arch Capital Group Ltd. ACGL, and The Progressive Corporation PGR are also trading at a multiple higher than the industry average.
TRV’s Growth Projection Encourages
The Zacks Consensus Estimate for Travelers’ 2025 revenues is pegged at $48.86 billion, implying a year-over-year improvement of 5.1%.
The consensus estimate for 2026 earnings per share and revenues indicates an increase of 15.3% and 4.8%, respectively, from the corresponding 2025 estimates.
Optimist Analyst Sentiment on TRV
Four of the 14 analysts covering the stock have raised estimates for both 2025 and 2026 over the past 30 days. Thus, the Zacks Consensus Estimate for 2025 and 2026 earnings has moved up 5.1% and 1.9%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
Average Target Price for TRV Suggests Upside
Based on short-term price targets offered by 21 analysts, the Zacks average price target is $293.86 per share. The average suggests a potential 7.1% upside from the last closing price.
Image Source: Zacks Investment Research
Travelers’ Favorable Return on Capital
Return on equity (ROE) for the trailing 12 months was 18.69%, which compared favorably with the industry’s 7.6%. This reflects its efficiency in utilizing shareholders’ funds. Sustained operational excellence helped generate double-digit core ROE in nine out of the last 10 years. Travelers aims to generate mid-teens core ROE over time.
Also, return on invested capital (ROIC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame. This reflects TRV’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 10.8%, better than the industry average of 5.9%.
Factors Favoring Travelers
Travelers is poised for growth, driven by solid retention rates, favorable pricing, an uptick in new business, and positive renewal premium trends. The company’s broad product portfolio, covering nine distinct lines of business, provides extensive coverage options.
Continued execution of strategic growth initiatives, combined with stable market environments, is expected to support the expansion of TRV’s auto, homeowners, and commercial insurance segments. To solidify its competitive advantage in the Bond & Specialty segment, it plans to launch products in 2025.
Higher returns from the non-fixed income portfolio have been driving investment income over the last four years amid a low-interest-rate environment. The insurer expects investment income of about $770 million after tax in the third quarter and $805 million after tax in the fourth quarter of 2025. The company expects that the $100 billion investment portfolio should continue generating a higher level of predictable and reliable net investment income.
Net margin has improved 170 basis points over the last two years on prudent underwriting.
Travelers has a conservative balance sheet among its peers. The insurer remains focused on keeping the debt-to-capital ratio between 15 and 25 and has been increasing its book value for the past 10 years. TRV had $4.3 billion remaining under repurchase authorization at the second-quarter 2025 end.
Final Take on TRV
Travelers’ strong presence in auto, homeowners, and commercial U.S. property-casualty insurance provides a solid foundation for future growth. An impressive history of inorganic expansion strengthens its position. Continued momentum in renewal rate improvements, high retention levels, and increased new business, supported by a well-diversified portfolio and solid capital strength, is likely to sustain its earnings growth.
Travelers has been hiking dividends for the last 21 years. Its dividend yield of 1.7% appears attractive compared with the industry average of 0.2%, making it an attractive pick for yield-seeking investors. Its VGM Score of B instills confidence.
Given the premium valuation, it is better to stay cautious about this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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TRV Stock Near 52-Week High: A Signal for Investors to Hold Tight?

The Progressive Corporation PGR, one of the largest U.S. auto insurers, is relatively well-positioned to manage tariff-related challenges under the Trump administration, leveraging its operational strengths while facing certain risks.
Tariff impositions are likely to have wide economic repercussions, including higher input costs, supply-chain disruptions and rising inflation. For the insurance industry, these pressures could translate into greater claims severity and increased operating expenses. Specifically, higher automobile and parts prices may elevate vehicle repair and replacement costs—a critical claims driver for property and casualty (P&C) insurers. Additionally, rising car prices could dampen new policy volumes, underscoring the need to maintain a balance between disciplined underwriting and prudent cost management.
Progressive’s digital-first strategy provides a competitive advantage in this setting. The company has integrated telematics, advanced data analytics, and machine learning to enable faster insights and dynamic pricing. Its flagship Snapshot program improves personal auto risk assessment, while Smart Haul and Snapshot ProView offer commercial customers value-added services that promote safer driving and reduce losses. These innovations help offset rising claims costs tied to expensive vehicle repairs.
Furthermore, Progressive benefits from a diversified portfolio spanning auto, home and commercial lines. Its portfolio offers some insulation against concentrated tariff-related risks in any one segment.
Although tariff-driven headwinds could put pressure on claims costs and demand, Progressive’s scale, innovative capabilities and disciplined execution increase its resilience. The insurer appears well-equipped to withstand near-term volatility, though sustained tariff impacts would require continued vigilance in pricing, underwriting and expense control.
What About PGR’s Peers?
Tariff imposition by the Trump administration is likely to raise costs and weigh on investment income, challenging Travelers Companies’ TRV and Allstate Corporation’s ALL profitability. Yet Travelers’ and Allstate’s diversified portfolio and prudent underwriting provide stability.
By applying advanced analytics, leveraging capital strength and executing prudent pricing, Travelers is strategically positioned to withstand tariff pressure while ensuring long-term competitiveness.
By utilizing technology, maintaining pricing flexibility and relying on strong capital reserves, Allstate is equipped to navigate tariff pressure while safeguarding resilience and competitive strength.
PGR’s Price Performance
Shares of PGR have gained 3.9% year to date, underperforming the industry.
Image Source: Zacks Investment Research
PGR’s Expensive Valuation
PGR trades at a price-to-book value ratio of 4.48, above the industry average of 1.53. But it carries a Value Score of B.
Image Source: Zacks Investment Research
Estimates for PGR Witness Northward Movement
The Zacks Consensus Estimate for PGR’s third-quarter and fourth-quarter 2025 EPS has moved up 1.3% and 0.2%, respectively, over the past 30 days. The same for full-year 2025 and 2026 has increased 1% and 0.7%, respectively.
Image Source: Zacks Investment Research
The consensus estimates for PGR’s 2025 revenues and EPS indicate year-over-year increases. While the consensus estimate for 2026 revenues indicates a year-over-year increase, the same for EPS indicates a year-over-year decline.
PGR stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Will Progressive's Resilience Be Tested by Trump's Tariff Imposition?

Shares of RLI Corp. RLI have lost 9.6% in the past year against its industry, the Finance sector and the Zacks S&P 500 composite’s return of 7.5%, 16% and 14.3%, respectively.
Closing at $68.40 on Thursday, the stock stands almost 25% below its 52-week high of $91.14. The stock is trading below the 50-day and 200-day simple moving averages (SMA) of $69.57 and $76.22, respectively, indicating downward momentum.
Image Source: Zacks Investment Research
RLI’s Expensive Valuation
Based on the forward 12-month price-to-book ratio, RLI is currently trading at 3.62X, above its industry average of 1.53X. Shares of The Travelers Companies, Inc. TRV and Cincinnati Financial Corporation CINF are also trading at a multiple higher than the industry average, while NMI Holdings Inc. NMIH shares are trading at a discount.
RLI’s Growth Projection Encourages
The Zacks Consensus Estimate for RLI’s 2025 earnings per share indicates a year-over-year increase of 7.3%. The consensus estimate for revenues is pegged at $1.77 billion, implying a year-over-year improvement of 6.3%.
The consensus estimate for 2026 revenues indicates an increase of 3.4% from the corresponding 2025 estimates.
RLI’s Favorable Return on Capital
RLI’s return on equity (ROE) has also been improving over the last few quarters, reflecting its efficiency in utilizing shareholders’ funds. The trailing 12 months ROE was 15.8%, which compared favorably with the industry average of 7.6%.
Average Target Price for RLI Suggests Upside
Based on short-term price targets offered by three analysts, the Zacks average price target is $74 per share. The average suggests a potential 8.9% upside from the last closing price.
Image Source: Zacks Investment Research
Factors Acting in Favor of RLI
RLI continues to grow through product diversification. Its compelling product portfolio, focus on introducing new products, re-underwriting of several of its products, sturdy business expansion, sustained rate increase and expanded distribution position this insurer well to generate an improved top line.
A conservative underwriting and reserving policy helps RLI achieve favorable reserve releases from the prior years despite incurring catastrophe losses.
RLI is one of the industry’s most profitable P&C writers, with an impressive track record of delivering 29 consecutive years of underwriting profitability.
This insurer has been enhancing shareholders' value by distributing wealth in the form of dividend hikes, special dividends and share buybacks. It boasts an impressive dividend track record. It has increased regular dividends in each of the last 50 years and paid special dividends since 2011, making the stock an attractive pick for yield-seeking investors.
The insurer has been strengthening its balance sheet by improving liquidity and leverage. A sound capital structure helps it meet the interests of its policyholders, enhance operations in the insurance sector and drive its book value for the long term.
Wrapping Up: Keep On Holding
RLI is one of the industry’s most profitable P&C writers, with an impressive track record of delivering 29 consecutive years of underwriting profitability. A strong local branch office network, a broad range of product offerings, and a focus on specialty insurance lines should continue to contribute to its superior profitability. The stock's impressive dividend history makes it an attractive pick for yield-seeking investors.
Given its premium valuation, it is prudent to wait for a better entry point for this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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RLI Corp. (RLI) : Free Stock Analysis Report
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RLI Lags Industry, Trades at Premium: How to Play the Stock

Berkshire Hathaway Inc. (BRK.B) boasts an impressive acquisition portfolio. This conglomerate, with Warren Buffett at its helm, targets businesses with durable earnings power, strong returns on equity with modest debt and skilled management—acquired only at sensible valuations. This consistent framework, followed for decades, has shaped Berkshire’s identity. While ownership shifts to Berkshire, the subsidiaries continue operating autonomously, preserving their organizational culture and operational agility.
Berkshire follows two acquisition paths: transformative large-scale deals and smaller bolt-on purchases integrated into existing subsidiaries. Its landmark acquisitions such as Burlington Northern Santa Fe (BNSF) and Berkshire Hathaway Energy (BHE) have substantially lifted its earnings power, while bolt-on acquisitions like Clayton Homes and HomeServices of America have steadily compounded value.
The acquisition of Pilot Travel Centers broadened Berkshire’s presence in transportation and fuel retailing, complementing its railroad and energy holdings. In insurance, deals like Alleghany strengthened underwriting capacity and float, the low-cost funding source that underpins much of Berkshire’s investment strategy. As insurance operations expand, so too does the float available to finance new opportunities.
These acquisitions have collectively fueled Berkshire’s growth by adding resilient cash-generating businesses, diversifying income streams and expanding its investment base. With more than $300 billion in liquidity, Berkshire is well-positioned to deploy capital when markets dislocate. Acquisitions remain central to compounding shareholder value over the long term.
What About BRK.B’s Competitors?
Progressive Corporation’s PGR acquisition strategy focuses on building scale, technology, and distribution while reinforcing its insurance portfolio. Progressive pursues disciplined, selective deals that deliver strategic value and complement its core strengths. Through targeted acquisitions, Progressive enhances efficiency and customer reach, ensuring long-term competitiveness in a dynamic insurance landscape.
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Travelers Companies’ TRV acquisition strategy emphasizes reinforcing core insurance strengths while expanding into complementary markets. Travelers seeks disciplined acquisitions that enhance underwriting, technology and distribution capabilities. With a focus on sustainable shareholder value, Travelers carefully evaluates opportunities that bolster its competitive edge while maintaining a conservative balance sheet..
BRK.B’s Price Performance
Shares of BRK.B have gained 7.6% year to date, outperforming the industry.
Image Source: Zacks Investment Research
BRK.B’s Expensive Valuation
BRK.B trades at a price-to-book value ratio of 1.57, above the industry average of 1.53. It carries a Value Score of D.
Image Source: Zacks Investment Research
No Estimate Movement for BRK.B
The Zacks Consensus Estimate for BRK.B’s third-quarter and fourth-quarter 2025 EPS has witnessed no movement over the past 30 days. The consensus estimate for full-year 2025 and 2026 EPS has also witnessed no movement over the past 30 days.
Image Source: Zacks Investment Research
The consensus estimates for BRK.B’s 2025 and 2026 revenues indicate year-over-year increases. While the consensus estimate for BRK.B’s 2025 EPS indicates a decline, the same for 2026 suggests an increase.
BRK.B stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Berkshire's Strategic Acquisitions: A Driver of Long-Term Growth?

The Progressive Corporation PGR reported solid July 2025 results, wherein the top and bottom lines increased year over year. Net premiums written improved 11%, driven by the strong performance of operating businesses. Combined ratio — the percentage of premiums paid out as claims and expenses — improved 270 basis points (bps) from the prior-year quarter to 85.3.
PGR is one of the country’s largest auto insurance groups, the largest seller of motorcycle and boat policies, the market leader in commercial auto insurance and one of the top 15 homeowners carriers based on premiums written. This insurer is set to deliver steady profitability, given its solid market presence, a convincing portfolio of products and services, and underwriting and operational expertise.
Sneak Peek Into PGR’s July Results
PGR’s July 2025 earnings per share of $1.85 improved 34% year over year. Operating revenues increased 15.5% to $7.4 billion.
Policies in force were solid in the Personal Lines segment, increasing 15% from the year-ago month to 36.4 million. Special Lines improved 8% to 6.9 million. In the Personal Auto segment, Direct Auto increased 19% year over year to 15.4 million, whereas Agency Auto grew 15% to 10.5 million. The Property business had 3.6 million policies in force, up 7%.
Progressive’s Commercial Auto segment rose 7% to 1.2 million.
What’s Driving Progressive?
Being a leading auto insurer, PGR has a compelling product portfolio, which, coupled with prudent underwriting, helps it maintain healthy policies in force and a solid retention ratio. This, in turn, drives better premiums. Policy life expectancy (PLE), a measure of customer retention, has improved in the last few years across all business lines. Distinctive new auto insurance options, along with competitive pricing, should help sustain improvement in PLE.
As part of its growth strategy, Progressive is prioritizing auto bundles, lowering exposure to risky properties and increasing segmentation through product rollouts. The company remains focused on increasing the share of auto and home bundled households, investing in mobile applications, and rolling out products in a larger number of states.
Progressive relies on technology to streamline operations, improve customer service and offer competitive pricing. The insurance company is heavily investing in digital transformation and AI.
The company’s solid cash flow ensures continuous investment in growth initiatives, including digitalization to improve margins. PGR has been enhancing its book value and lowering leverage, banking on operational expertise. Though its leverage compares unfavorably with the industry average, the times interest earned outperforms the industry.
Progressive, one of the leading auto insurers in the U.S., benefits from a diversified product portfolio and disciplined underwriting practices, which underpin strong policy retention and premium growth. Policy life expectancy (PLE), a key measure of customer loyalty, has steadily improved across all business lines, supported by innovative offerings and competitive pricing that continue to strengthen customer relationships.
Progressive is seen as a leader in product, service and distribution innovation, especially in the Personal Auto segment. Rate increase, higher new personal auto applications, driven by higher advertising spend, an increase in non-rate actions to drive growth and a strong independent agents' network continue to drive the performance of Personal Auto. The Personal Auto segment thus remains a long-term growth driver for Progressive, fueling both premium volume and profitability.
Aligned with its growth strategy, Progressive is prioritizing bundled products, carefully reducing exposure to high-risk properties, and leveraging segmentation through tailored product rollouts. Initiatives to expand auto-home bundled households, increase mobile app engagement and broaden product availability across additional states are further strengthening its competitive position.
Technology is central to Progressive’s model, enabling operational efficiency, enhanced customer service and sustained pricing advantages. The company continues to invest significantly in digital transformation and AI, supported by strong operating cash flows that fund these initiatives and improve margins. At the same time, Progressive is enhancing book value and gradually lowering leverage. Although leverage levels remain above industry averages, its superior times-interest-earned ratio underscores robust debt-servicing ability and financial resilience.
Optimistic Analyst Sentiment on PGR
The Zacks Consensus Estimate for 2025 earnings has moved 1.3% higher, whereas the same for 2026 has moved 0.8% north in the same time frame.
Image Source: Zacks Investment Research
Progressive’s Growth Story
The Zacks Consensus Estimate for Progressive’s 2025 earnings is pegged at $17.48 per share, indicating an increase of 24.4% from the year-ago reported figure on 16.5% higher revenues of $87.5 billion. The consensus estimate for 2026 earnings is pegged at $16.62 per share, indicating a year-over-year decrease of 4.9% on 9.9% higher revenues of $96.1 billion.
The long-term earnings growth rate is pegged at 9.7%, better than the industry average of 7%. It has a Growth Story B.
PGR’s YTD Performance
Shares of Progressive have gained 5.5% year to date, underperforming the industry’s increase of 6.5%, the Finance sector’s rise of 10.6% and the Zacks S&P 500 composite’s gain of 8.9% in the said time frame..
Progressive vs. Industry, Sector, S&P 500
Image Source: Zacks Investment Research
Progressive shares are trading above the 50-day moving average, indicating a bullish trend.
Shares of Allstate Corporation ALL and Travelers Companies TRV, two other auto insurers, have gained 10.8% and 13.9%, respectively, in the said time frame.
Travelers holds a leading position in the U.S. auto, homeowners, and commercial property-casualty insurance markets. Its solid market standing and well-executed growth strategies are set to support ongoing expansion across both personal and commercial segments. The company is well-positioned for long-term growth, driven by high customer retention, strategic pricing improvements, rising new business volumes and positive momentum in renewal premiums.
Allstate is refining its strategy by focusing on its core strengths and exiting underperforming segments. The company projects growth in total Property-Liability policies in force this year, supported by higher auto insurance renewal rates and steady increases in new business. Backed by rising premium income, a growing protection services division and continued operational streamlining, Allstate is well-positioned to achieve sustained long-term growth.
Average Target Price for PGR Suggests Solid Upside
Based on short-term price targets offered by 20 analysts, the Zacks average price target is $291.70 per share. The average suggests a potential 16.4% upside from the last closing price.
Image Source: Zacks Investment Research
PGR Shares Are Expensive
PGR is currently expensive. It is trading at a P/B multiple of 4.54, higher than the industry average of 1.62. Given its market-leading presence, growth prospects, rising estimates and better return on invested capital, its premium valuation is justified.
Image Source: Zacks Investment Research
Progressive’s Favorable Return on Capital
Return on equity for the trailing 12 months was 35.4%, comparing favorably with the industry’s 7.7%. This reflects its efficiency in utilizing shareholders’ funds.
Image Source: Zacks Investment Research
Also, return on invested capital (ROIC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame. This reflects PGR’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 21.9%, better than the industry average of 5.9%.
Image Source: Zacks Investment Research
What Should You Do With PGR Stock?
Progressive’s leadership position, better pricing and prudent underwriting standards should drive its shares. Optimistic growth projections, positive analyst sentiment, an impressive dividend history and a VGM Score of B instill confidence in PGR.
Thus, despite the premium valuation, this Zacks Rank #2 (Buy) stock stands a fair chance to be investors’ favorite and, therefore, is worth adding to their portfolios. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Progressive Posts Impressive July Results: Time to Buy the Stock?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Dow Jones Industrial Average ETF Trust (Symbol: DIA) where we have detected an approximate $786.5 million dollar inflow -- that's a 2.0% increase week over week in outstanding units (from 85,442,867 to 87,192,867). Among the largest underlying components of DIA, in trading today Home Depot Inc (Symbol: HD) is off about 1.3%, Sherwin-Williams Co (Symbol: SHW) is down about 0.7%, and Travelers Companies Inc (Symbol: TRV) is lower by about 0.3%. For a complete list of holdings, visit the DIA Holdings page » The chart below shows the one year price performance of DIA, versus its 200 day moving average:
Looking at the chart above, DIA's low point in its 52 week range is $366.32 per share, with $451.55 as the 52 week high point — that compares with a last trade of $447.77. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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Notable ETF Inflow Detected - DIA, HD, SHW, TRV

Progressive Corporation PGR stands out as a technology-driven leader in the insurance industry, using innovation to streamline operations, enhance customer service and keep pricing competitive. This leader in auto insurance is actively investing in generative AI to refine policy pricing and identify new growth opportunities. Its Snapshot telematics program, powered by machine learning and big data analytics, enhances personal auto rating accuracy by aligning pricing with individual driving behavior. This approach enhances risk segmentation, promotes safer driving, reduces claims and boosts profitability. Some other UBI options, like Smart Haul and Snapshot ProView, provide commercial auto customers with value-added services to encourage safe driving.
Progressive’s advanced digital platforms allow customers to manage policies, file claims and obtain quotes seamlessly through mobile apps and online portals, while AI-powered chatbots and virtual assistants improve efficiency and response times. These capabilities strongly appeal to younger, tech-oriented customers, boosting both retention and acquisition rates. In claims management, predictive analytics accelerates processing, enhances fraud detection, lowers costs and enhances customer satisfaction.
The U.S. auto insurance industry is poised to grow on increased awareness of the need for insurance, technological advancements, evolving car ownership trends, rising cost of ownership and the rise of online platforms. Thus, through sustained investment in advanced technology, Progressive adapts rapidly to market changes, reaches a broader audience and protects profitability in competitive conditions. With ongoing advances in AI and analytics, Progressive is well-positioned to refine underwriting precision, increase market penetration and drive long-term growth.
What About PGR’s Peers?
Travelers Companies TRV leverages AI, IoT, data analytics, and cloud computing to improve underwriting, claims, customer service and risk management. Travelers commits over $1 billion annually to technology, reinforcing innovation and efficiency. With this investment, Travelers aims to advance capabilities and strengthen its competitive edge in the insurance market.
Allstate Corporation ALL uses AI, telematics, and predictive analytics to refine underwriting, speed up claims and offer personalized pricing. Allstate’s mobile platforms and digital tools boost engagement and loyalty. Through continuous tech investment, Allstate enhances efficiency, sharpens its competitive edge and drives sustainable growth in the dynamic insurance market.
PGR’s Price Performance
Shares of PGR have gained 2.7% year to date, underperforming the industry.
Image Source: Zacks Investment Research
PGR’s Expensive Valuation
PGR trades at a price-to-book value ratio of 4.37, above the industry average of 1.43. But it carries a Value Score of B.
Image Source: Zacks Investment Research
Estimates for PGR Witness Northward Movement
The Zacks Consensus Estimate for PGR’s third-quarter and fourth-quarter 2025 EPS has moved up 5.3% and 2.9%, respectively, over the past 30 days. The same for full-year 2025 and 2026 has increased 5.1% and 3.2%, respectively.
Image Source: Zacks Investment Research
The consensus estimates for PGR’s 2025 revenues and EPS indicate year-over-year increases. While the consensus estimate for 2026 revenues indicates a year-over-year increase, the same for EPS indicates a year-over-year decline.
PGR stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Tech Innovations to Power Progressive's Growth in Auto Insurance?

In early trading on Tuesday, shares of Boeing topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.6%. Year to date, Boeing registers a 29.7% gain.
And the worst performing Dow component thus far on the day is Salesforce, trading down 0.5%. Salesforce is lower by about 30.7% looking at the year to date performance.
Two other components making moves today are Travelers Companies, trading down 0.2%, and UnitedHealth Group, trading up 1.5% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Dow Movers: CRM, BA

Investment income remains an understated yet meaningful contributor to Progressive Corporation’s PGR growth. While the company’s primary strength lies in disciplined underwriting and steady premium expansion, returns from its investment portfolio provide valuable earnings support—particularly when market conditions are favorable. Like most property and casualty insurers, Progressive allocates heavily to fixed-income securities, such as bonds, for their predictable cash flows, which are essential in meeting claims obligations.
In 2024, Progressive’s investment portfolio totaled $80.3 billion, consisting of fixed-maturity securities, short-term investments and equities. Of this, $75.9 billion—about 94.6%—was invested in fixed-income assets. Although underwriting gains were the primary driver behind the $4.6 billion rise in net income that year, investment income added a significant tailwind. Deploying insurance cash flows and proceeds from maturing bonds into higher-coupon instruments fueled a 29% year-to-date increase in net investment income, complemented by $175 million in gains from securities.
Progressive’s investment performance is closely linked to interest rate trends. The Federal Reserve implemented three rate cuts in the previous year, but 2025 is yet to see a change, though two cuts are anticipated before year-end. Elevated rates continue to benefit reinvestment yields, enhancing income potential. However, any future cuts may temper this momentum. Overall, investment income serves as a strategic lever for Progressive, cushioning results during underwriting pressure and amplifying growth when market and operational conditions align.
What About PGR’s Peers?
Travelers Companies’ TRV investment income has grown steadily over five years, fueled by its 94% allocation to fixed maturities and short-term investments. Travelers projects after-tax income of $770 million in Q3 and $805 million in Q4 2025, with its $100 billion portfolio expected to keep delivering reliable returns for Travelers.
Chubb Limited CB continues to post strong investment results, supported by its 80% allocation to fixed maturities and short-term investments. Chubb, a buy-and-hold fixed-income investor, benefits from reinvesting at higher rates. For Q3 2025, Chubb expects quarterly adjusted net investment income between $1.72 billion and $1.74 billion.
PGR’s Price Performance
Shares of PGR have gained 2.4% year to date, in line with the industry.
Image Source: Zacks Investment Research
PGR’s Expensive Valuation
PGR trades at a price-to-book value ratio of 4.41, above the industry average of 1.5. But it carries a Value Score of B.
Image Source: Zacks Investment Research
Estimates for PGR Witness Northward Movement
The Zacks Consensus Estimate for PGR’s second-quarter and third-quarter 2025 EPS has moved up 5.3% and 2.9%, respectively, over the past 30 days. The same for full-year 2025 and 2026 has increased 5.1% and 3.2%, respectively.
Image Source: Zacks Investment Research
The consensus estimates for PGR’s 2025 revenues and EPS indicate year-over-year increases. While the consensus estimates for 2026 revenues indicate year-over-year increases, the same for EPS indicate year-over-year decreases.
PGR stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
See our %%CTA_TEXT%% report – free today!
7 Best Stocks for the Next 30 Days
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	11.63 13.37
Price/Sales	1.24 1.92
P/B	2.03 1.10
P/FCF	6.39 10.25

Indicator	TTM Median
ROE	18.82 10.06
ROA	3.78 1.13
ROI	14.42 6.38
Net Worth	57.70 0.99
Quick Ratio	0.00 1.40
Current Ratio	0.27 0.96

Indicator	TTM Median
Net Profit Margin	10.69 15.86
Operating Margin	14.16 21.72
Gross Margin	41.71 68.17
Return on tangible equity	22.82 12.03

Indicator	TTM Median
EPS	1.91 0.60
EPS Forecast	0.64 0.61
Revenue	12.01B 85.50M
Gross Profit	5.97B —
EBITDA	4.66B —

The Travelers Companies, Inc.

Fundamental TRV

Valuation

Debts

Efficiency

Other ratios

Revenue