Leading U.S. auto insurer Progressive (PGR, Financial) increased the Fund’s return by 0.21%, as the stock climbed 11.2%. Investors appreciated the company’s renewed focus on profitability, which was impacted by a strategy to gain market share during the pandemic by lowering premiums. We expect profits to continue to grow as Progressive gradually raises premiums to offset exceptional costs from elevated car prices and temporarily higher incident rates.
From Jerome Dodson (Trades, Portfolio)'s Parnassus Endeavor Fund (Trades, Portfolio)'s first-quarter 2022 commentary.
- Parnassus Endeavor Fund Undervalued Stocks
- Parnassus Endeavor Fund Top Growth Companies
- Parnassus Endeavor Fund High Yield stocks, and
- Stocks that Parnassus Endeavor Fund keeps buying
- Jerome Dodson Undervalued Stocks
- Jerome Dodson Top Growth Companies
- Jerome Dodson High Yield stocks, and
- Stocks that Jerome Dodson keeps buying