No. of Recommendations: 2
The company "has turned the corner on growth, and we think that will drive the stock from here," analyst Elyse Greenspan wrote in a note'
In addition, Greenspan pointed out that Progressive (PGR) has experienced a significant pickup in its personal auto policy growth over the past couple of months, "as they look to take advantage of shopping as competitors are taking price/re-pricing their books of business."
seekingalpha.com - Progressive double upgraded to overweight at wells fargo on growthVery likely Geico is one of the competitors raising prices and losing market share to Progressive.
