NYSE:PGR - Progressive Stock Price, News, & Analysis

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$74.54 -0.47 (-0.63 %)
(As of 04/22/2019 03:55 PM ET)
Previous Close$75.00
Today's Range$74.26 - $74.82
52-Week Range$56.71 - $77.34
Volume1.28 million shs
Average Volume2.60 million shs
Market Capitalization$43.53 billion
P/E Ratio16.86
Dividend Yield3.49%
Beta0.77
Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, Property, and Other Indemnity. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The Other Indemnity segment manages run-off businesses. The company was founded in 1965 and is headquartered in Mayfield Village, OH.

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Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74331510
Phone440-461-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$31.98 billion
Cash Flow$4.9328 per share
Book Value$20.74 per share

Profitability

Net Income$2.62 billion

Miscellaneous

Employees37,346
Market Cap$43.53 billion
Next Earnings Date7/16/2019 (Estimated)
OptionableOptionable

Progressive (NYSE:PGR) Frequently Asked Questions

What is Progressive's stock symbol?

Progressive trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGR."

How often does Progressive pay dividends? What is the dividend yield for Progressive?

Progressive announced an annual dividend on Friday, February 15th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.10 per share on Monday, April 15th. This represents a dividend yield of 0.14%. The ex-dividend date is Thursday, April 4th. View Progressive's Dividend History.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) posted its quarterly earnings results on Tuesday, April, 16th. The insurance provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.38 by $0.45. The insurance provider had revenue of $9.24 billion for the quarter, compared to analysts' expectations of $9.20 billion. Progressive had a net margin of 8.77% and a return on equity of 26.80%. The company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 earnings per share. View Progressive's Earnings History.

When is Progressive's next earnings date?

Progressive is scheduled to release their next quarterly earnings announcement on Tuesday, July 16th 2019. View Earnings Estimates for Progressive.

How can I listen to Progressive's earnings call?

Progressive will be holding an earnings conference call on Thursday, May 2nd at 1:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8665037654.

What price target have analysts set for PGR?

13 analysts have issued twelve-month target prices for Progressive's shares. Their forecasts range from $45.00 to $86.00. On average, they expect Progressive's share price to reach $74.1538 in the next twelve months. This suggests that the stock has a possible downside of 0.4%. View Analyst Price Targets for Progressive.

What is the consensus analysts' recommendation for Progressive?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progressive.

What are Wall Street analysts saying about Progressive stock?

Here are some recent quotes from research analysts about Progressive stock:
  • 1. According to Zacks Investment Research, "Progressive’s first-quarter 2019 earnings per share beat the Zacks Consensus Estimate and improved year over year. Higher premiums, investment income, and growth in fees and other revenues as well as service revenues aided the top line. Shares of Progressive have outperformed the industry year to date. Progressive’s focus to become a one-stop insurance destination catering to customers opting for a combination of home and auto insurance bodes well for long-term growth. Policies in force and retention ratio will continue to remain healthy. The company’s Snapshot, Robinson and Home Quote Explorer programs should continue to drive its business. It focuses on paying back its shareholders via dividends as well as share repurchases. However, the company’s growth could be challenged by intense competition. Exposure to catastrophe events and escalating expenses remain headwinds." (4/22/2019)
  • 2. Wells Fargo & Co analysts commented, "We are lowering our 2019 EPS estimate to $5.05 from $5.12 to reflect the earnings miss and lower net investment income. We are maintaining 2020 EPS estimate of $5.30. We are also maintaining our $73 price target. In our view, PGR shares are trading down to reflect weaker underlying results." (3/13/2019)

Has Progressive been receiving favorable news coverage?

Media coverage about PGR stock has trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Progressive earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the insurance provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the next few days.

Who are some of Progressive's key competitors?

What other stocks do shareholders of Progressive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Mastercard (MA), UnitedHealth Group (UNH), NVIDIA (NVDA), Cisco Systems (CSCO), Paypal (PYPL), Micron Technology (MU), Adobe (ADBE), Procter & Gamble (PG), Intel (INTC) and CVS Health (CVS).

Who are Progressive's key executives?

Progressive's management team includes the folowing people:
  • Susan Patricia Griffith, President, Chief Executive Officer & Director
  • John P. Sauerland, Chief Financial Officer & Vice President
  • Steven A. Broz, Chief Information Officer
  • Daniel P. Mascaro, Secretary, Chief Legal Officer & Vice President
  • Mariann Wojtkun Marshall, Chief Accounting Officer, VP & Assistant Secretary

Who are Progressive's major shareholders?

Progressive's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.26%), Bristol John W & Co. Inc. NY (0.24%), Hexavest Inc. (0.19%), Retirement Systems of Alabama (0.11%), Ferguson Wellman Capital Management Inc. (0.10%) and Polaris Greystone Financial Group LLC (0.05%). Company insiders that own Progressive stock include Barbara R Snyder, Jeffrey D Kelly, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Steven Broz, Susan Patricia Griffith and William M Cody. View Institutional Ownership Trends for Progressive.

Which major investors are selling Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc., Confluence Investment Management LLC, Sciencast Management LP, Polianta Ltd, Rothschild Investment Corp IL, State of Alaska Department of Revenue, Strs Ohio and Hennessy Advisors Inc.. Company insiders that have sold Progressive company stock in the last year include Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Steven Broz, Susan Patricia Griffith and William M Cody. View Insider Buying and Selling for Progressive.

Which major investors are buying Progressive stock?

PGR stock was acquired by a variety of institutional investors in the last quarter, including Polaris Greystone Financial Group LLC, Jag Capital Management LLC, Ferguson Wellman Capital Management Inc., Chartwell Investment Partners LLC, Stralem & Co. Inc., Hexavest Inc., CHURCHILL MANAGEMENT Corp and Pacer Advisors Inc.. View Insider Buying and Selling for Progressive.

How do I buy shares of Progressive?

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

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $74.45.

How big of a company is Progressive?

Progressive has a market capitalization of $43.48 billion and generates $31.98 billion in revenue each year. The insurance provider earns $2.62 billion in net income (profit) each year or $4.42 on an earnings per share basis. Progressive employs 37,346 workers across the globe.

What is Progressive's official website?

The official website for Progressive is http://www.progressive.com.

How can I contact Progressive?

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The insurance provider can be reached via phone at 440-461-5000.


MarketBeat Community Rating for Progressive (NYSE PGR)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  406 (Vote Outperform)
Underperform Votes:  655 (Vote Underperform)
Total Votes:  1,061
MarketBeat's community ratings are surveys of what our community members think about Progressive and other stocks. Vote "Outperform" if you believe PGR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PGR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/22/2019 by MarketBeat.com Staff

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