Progressive (PGR) Stock Price, News & Analysis

Company Overview

Progressive (NYSE:PGR) is a diversified insurance provider with a history dating back to its founding in 1937. Originally established to offer auto coverage to high-risk drivers, the company has grown into one of the largest property and casualty insurers in the United States. From its early roots in roadside assistance and liability protection, Progressive has expanded its offerings to address a broad range of personal and commercial insurance needs.

The company’s core business centers on auto insurance, including standard policies for private passenger vehicles as well as specialty coverage for motorcycles, recreational vehicles and boats. In addition to personal auto, Progressive offers homeowners, renters and condominium insurance, along with flood and umbrella liability products. On the commercial side, Progressive provides fleet and business auto insurance tailored to small and mid-sized enterprises, plus workers’ compensation solutions for select industries.

Progressive is known for its adoption of technology and data analytics to enhance underwriting and customer service. Its Snapshot telematics program collects driving behavior data to offer personalized rates, while the Flo chatbot assists customers with claims filing and policy inquiries. The company’s website and mobile app enable online quotes, digital ID cards, bill payment and policy management, reflecting Progressive’s focus on convenience and innovation in the insurance marketplace.

Operating across all 50 U.S. states and in select Canadian provinces, Progressive serves millions of policyholders through a mix of direct-to-consumer channels and independent agents. Under the leadership of CEO Tricia Griffith—who took the helm in 2016—the company has emphasized growth in new product lines such as pet medical insurance and pay-per-mile auto coverage. Progressive’s executive team continues to steer the firm toward data-driven solutions and expanded market presence in North America.

Key Stats

• Today's Range: $246.75 to $250.30
• 50-Day Range: $250.35 to $288.59
• 52-Week Range: $207.50 to $292.99
• Volume: 4.29 million shs
• Average Volume: 2.81 million shs
• Market Capitalization: $146.04 billion
• P/E Ratio: 16.80
• Dividend Yield: 0.16%
• Price Target: $285.41
• Consensus Rating: Moderate Buy

Progressive Stock Analysis - MarketRank™

Progressive scored higher than 97% of companies evaluated by MarketBeat, and ranked 52nd out of 906 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Progressive has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 10 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Progressive has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.90%

Earnings Growth

Earnings for Progressive are expected to grow by 4.90% in the coming year, from $14.68 to $15.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Progressive is 16.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of Progressive is 16.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.07.

Price to Earnings Growth Ratio

Progressive has a PEG Ratio of 1.59. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Progressive has a P/B Ratio of 5.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.08% of the float of Progressive has been sold short.

Short Interest Ratio / Days to Cover

Progressive has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Progressive has recently decreased by 7.59%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Progressive has a dividend yield of 0.16%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Progressive does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Progressive is 2.70%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Progressive will have a dividend payout ratio of 2.60% next year. This indicates that Progressive will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -1.33

Percentage of Shares Shorted

1.08% of the float of Progressive has been sold short.

Short Interest Ratio / Days to Cover

Progressive has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Progressive has recently decreased by 7.59%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.98

News Sentiment

Progressive has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 62 news articles for Progressive this week, compared to 33 articles on an average week.

Search Interest

23 people have searched for PGR on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.

MarketBeat Follows

Only 14 people have added Progressive to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Progressive insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,450,948.00 in company stock.

Percentage Held by Insiders

Only 0.34% of the stock of Progressive is held by insiders.

Percentage Held by Institutions

85.34% of the stock of Progressive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PGR Stock Analysis - Frequently Asked Questions

How have PGR shares performed this year?

Progressive's stock was trading at $239.61 at the beginning of the year. Since then, PGR shares have increased by 4.0% and is now trading at $249.1250.

How were Progressive's earnings last quarter?

The Progressive Corporation (NYSE:PGR) released its quarterly earnings results on Wednesday, April, 16th. The insurance provider reported $4.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.37. The insurance provider earned $22.21 billion during the quarter, compared to analyst estimates of $21.87 billion. Progressive had a trailing twelve-month return on equity of 33.50% and a net margin of 11.10%.
Read the conference call transcript.

Does Progressive have any subsidiaries?

Progressive subsidiaries include these companies: Protective Insurance, ARX Holding Corp., American Strategic Insurance Corp., 358 Ventures Inc., American Strategic Insurance Corp, Ark Royal Underwriters LLC, Artisan and Truckers Casualty Company, and more.

Who are Progressive's major shareholders?

Progressive's top institutional investors include Swedbank AB (0.15%), Confluence Investment Management LLC (0.10%), Wealth Enhancement Advisory Services LLC (0.05%) and Mn Services Vermogensbeheer B.V. (0.04%). Insiders that own company stock include Susan Patricia Griffith, John P Sauerland, John Jo Murphy, Lori A Niederst, Andrew J Quigg, Karen Bailo, Daniel P Mascaro, Jeffrey D Kelly, Steven Broz, Jonathan S Bauer, Patrick K Callahan, Dyke Kahina Van, Stuart B Burgdoerfer, Devin C Johnson, Barbara R Snyder, Mariann Wojtkun Marshall, Philip Bleser and Carl G Joyce.
View institutional ownership trends.

How do I buy shares of Progressive?

Shares of PGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Progressive own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Progressive investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Chevron (CVX), Advanced Micro Devices (AMD), Arista Networks (ANET) and Adobe (ADBE).

Company Calendar

• Record date for 4/11 Dividend: 4/03/2025
• Ex-Dividend for 4/11 Dividend: 4/03/2025
• Dividend Payable: 4/11/2025
• Last Earnings: 4/16/2025
• Ex-Dividend for 7/11 Dividend: 7/03/2025
• Record date for 7/11 Dividend: 7/04/2025
• Today: 7/10/2025
• Dividend Payable: 7/11/2025
• Next Earnings (Estimated): 7/15/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: INS - PROP&CASLTY
• Sub-Industry: Property & Casualty Insurance
• Current Symbol: NYSE:PGR
• CIK: 80661
• Web: www.progressive.com
• Phone: (440) 461-5000
• Fax: 440-446-7436
• Employees: 66,308
• Year Founded: 1937

Price Target and Rating

• Average Price Target for Progressive: $285.41
• High Price Target: $333.00
• Low Price Target: $225.00
• Potential Upside/Downside: +14.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 18 Analysts

Profitability

• EPS (Trailing Twelve Months): $14.83
• Trailing P/E Ratio: 16.88
• Forward P/E Ratio: 17.05
• P/E Growth: 1.59
• Net Income: $8.48 billion
• Net Margins: 11.10%
• Pretax Margin: 14.02%
• Return on Equity: 33.50%
• Return on Assets: 8.37%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 0.29
• Quick Ratio: 0.29

Sales & Book Value

• Annual Sales: $75.37 billion
• Price / Sales: 1.95
• Cash Flow: $14.48 per share
• Price / Cash Flow: 17.29
• Book Value: $43.69 per share
• Price / Book: 5.73

Miscellaneous

• Outstanding Shares: 586,220,000
• Free Float: 584,231,000
• Market Cap: $146.76 billion
• Optionable: Optionable
• Beta: 0.37