April reports for Progressive Corp. (NYSE: PGR ) were recently released, and this insurance company's ears must be burning. Why should investors check this company out?
Today on Investor Beat, Chris Hill and Motley Fool analyst Matt Koppenheffer explain why Progressive is a stock to watch. Matt offers that, while he hasn't taken a look into Progressive before, he thinks the stock is worth a look. He has recently discovered how progressive the company is while at the Berkshire Hathaway annual meeting. Matt watched Warren Buffett and Charlie Munger discuss Progressive's program to price risks by measuring drivers' habits. He also listened to Tom Gayner, CIO of Markel Insurance (NYSE: MKL ) , talk about other respectable insurance companies, which included Progressive. As a recommendation in the Inside Value newsletter, Matt has a hard time ignoring all the signs telling him to keep an eye out for this insurance company.
Big banking's little $20.8 trillion secret
There's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banks. That's bad for them, but great for investors. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. To learn about about this company, click here to access our new special free report.