Latest news with #MayfieldVillage
Yahoo
5 days ago
- Business
- Yahoo
Is Wall Street Bullish or Bearish on Progressive Stock?
Valued at a market cap of $142.5 billion, The Progressive Corporation (PGR) is an insurance company based in Mayfield Village, Ohio. It primarily writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft, as well as individual residential property insurance for homeowners and renters. This property and casualty insurance giant has underperformed the broader market over the past 52 weeks. PGR has gained 12.1% over this time frame, while the broader S&P 500 Index ($SPX) has surged 19%. Moreover, on a YTD basis, the stock is up 4%, compared to SPX's 10% return. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Narrowing the focus, PGR has also lagged behind the Invesco KBW Property & Casualty Insurance ETF's (KBWP) 13.3% uptick over the past 52 weeks and 4.2% rise on a YTD basis. On Aug. 4, shares of PGR closed up marginally after its Q2 earnings release. The company reported total revenue of $22 billion, representing a 21.3% increase from the year-ago quarter, with net premiums earned up by 18% and investment income up by 27.2% annually. Furthermore, this robust top-line growth also contributed to a notable 117.7% year-over-year rise in its net income to $5.40 per share. For the current fiscal year, ending in December, analysts expect PGR's EPS to grow 24.4% year over year to $17.48. The company's earnings surprise history is mixed. It topped the consensus estimates in three of the last four quarters, while missing on another occasion. Among the 21 analysts covering the stock, the consensus rating is a "Moderate Buy' which is based on 10 'Strong Buy,' two "Moderate Buy,' and nine 'Hold' ratings. This configuration is slightly less bullish than a month ago, with 11 analysts suggesting a 'Strong Buy' rating. On Aug. 13, Citigroup Inc. (C) initiated a 'Buy" rating on PGR and set a price target of $312, implying a 25.2% potential upside from the current levels. The mean price target of $293.61 represents a 17.8% premium from PGR's current price levels, while the Street-high price target of $339 suggests an ambitious upside potential of 36%. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
6 days ago
- Politics
- Yahoo
Mayfield Village to hold public meeting on proposed charter changes
Mayfield Village has announced that its Charter Review Commission, which was appointed by Mayor Brenda Bodnar and City Council in January, will present six different possible amendments to voters in the upcoming election. Although village officials said that they don't legally need to provide the public with a chance to review the proposals before they hit the Nov. 4 ballot, they will be having a public hearing on several charter amendments at 7 p.m. Aug. 18 at the Mayfield Village Civic Center, 6622 Wilson Mills Road. One change would be to allow the village council to meet online instead of in person. Law Director Diane Calta said that if the amendment did get approved by voters, that the council itself would iron out the details, and set the requirements that would determine if meetings were held online or not. Calta said that council would also be on the hook for making sure that online meetings were understandable for those that tune in, as ensuring the public can attend and participate would still be a requirement even if the meeting was held virtually. 'That would be part of Village Council discussion because in order to implement virtual meetings you need to be able to have the communication accessible. So, there could be monetary expenditures that have to made to implement the technology to have all that.' Another proposed amendment in the charter, according to a written explanation posted to the Voice of the Village by Calta, would remove the requirement to form a committee that consists of at least five registered electors in any incidences that involves 'nominate(ing) candidates to run for office, propose ordinances through initiatives, repeal ordinances through referendums or bring a recall election.' This requirement is onerous and outdated and is not mentioned in Article VI which governs nominating petitions, creating an ambiguity.' wrote Calta. A full list of possible amendments has been posted online at Solve the daily Crossword
Yahoo
04-08-2025
- Entertainment
- Yahoo
Hear the reaction of this year's St. Jude Dream Home winner
(WJW) — The winner of this year's Fox 8 St. Jude Dream Home isn't a stranger to donating to the research hospital (as seen in the video at the top of the story). 'I do contribute $20 a month, but I don't miss it that $20,' said Patricia Ferguson, of Cuyahoga Falls. 'I honestly don't have anybody that has used St. Jude or known anybody, but I feel it's a great organization and it's done a lot for the children.' Extras wanted for new movie being filmed in Cleveland Ferguson was working from home Thursday when the winning ticket was pulled in this year's drawing. When asked if she ever thought she might win, she said, 'absolutely not.' She purchased the ticket with her boyfriend. Ferguson hasn't been to the home in person yet, but has seen it plenty over the last several months on Fox 8 News in the Morning. Tickets were also drawn Thursday for several other prizes. See the full list of winners at the bottom of this page It's the 13th year for the Fox 8 St. Jude Dream Home; we've raised over $26 million for St. Jude Children's Research Hospital. See photos from this year's big drawing of the winners: The home This year's home is being built by Skoda Construction at 560 Magnolia Court in Mayfield Village. It's valued at $771,000. The 3,050-square-foot home will have four bedrooms and three and a half baths. There will be an open floor plan with a first-floor master bedroom, laundry and 10-foot ceilings. There's also a gourmet chef's kitchen with upgraded Bosch appliances. It's within walking distance to the Greenway Trail, community pool and sports park. Other 2025 prizes Milano Monuments $1500 gift card toward custom-made statue: Agapi Tzasgournis! Conrad's Tire Express & Total Car Care $1,500 gift certificate: Allison Hoag Northeast Factory Direct $10,000 Shopping Spree: Paula Thompson Litehouse Pools & Spas -M7 Bullfrog Spa worth $26,000: Sylvia Loncar Kaulig Giving – New gutters, downspouts and LeafFilter gutter protection: Sara Schrode 2025 Ford Escape or 2025 Buick Envista from Nick Abraham Auto Mall: Jerome Pratt 2025 Fox 8 St. Jude Dream Home worth $771,000: Patricia Ferguson Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
16-07-2025
- Business
- Yahoo
Progressive profit more than doubles on strong personal insurance growth
(Reuters) -Progressive Corp reported second-quarter profit that more than doubled on Wednesday, boosted by robust performance in its personal lines insurance business, sending its shares up 1.5%. Insurance spending remained resilient during the quarter, as businesses and individuals continued spending on policies to protect against risks in a tough macroeconomic environment, despite rising premiums. Insurance companies were also helped by a solid U.S. job growth. The company had 36.1 million personal insurance policies in force, 16% higher than last year. Net premiums written rose 12% to $20.08 billion in the quarter and its combined ratio improved to 86.2% from 91.9% year-on-year. A ratio below 100% indicates the insurer earned more in premiums than it paid out in claims. Net income of the insurer came in at $3.18 billion, or $5.40 per share, in the three months ended June 30, compared with $1.46 billion, or $2.48 per share, a year ago. The Mayfield Village, Ohio-based company's shares have gained nearly 1% in 2025, as of last close, compared to a 6.2% rise in the benchmark S&P 500 index. Sign in to access your portfolio
Yahoo
16-07-2025
- Business
- Yahoo
Progressive profit more than doubles on strong personal insurance growth
(Reuters) -Progressive Corp reported second-quarter profit that more than doubled on Wednesday, boosted by robust performance in its personal lines insurance business, sending its shares up 1.5%. Insurance spending remained resilient during the quarter, as businesses and individuals continued spending on policies to protect against risks in a tough macroeconomic environment, despite rising premiums. Insurance companies were also helped by a solid U.S. job growth. The company had 36.1 million personal insurance policies in force, 16% higher than last year. Net premiums written rose 12% to $20.08 billion in the quarter and its combined ratio improved to 86.2% from 91.9% year-on-year. A ratio below 100% indicates the insurer earned more in premiums than it paid out in claims. Net income of the insurer came in at $3.18 billion, or $5.40 per share, in the three months ended June 30, compared with $1.46 billion, or $2.48 per share, a year ago. The Mayfield Village, Ohio-based company's shares have gained nearly 1% in 2025, as of last close, compared to a 6.2% rise in the benchmark S&P 500 index. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
