Progressive Corp Company Profile (NYSE:PGR)

About Progressive Corp (NYSE:PGR)

Progressive Corp logoThe Progressive Corporation is an insurance holding company. The Company's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments. The Company's Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. The Commercial Lines business writes primary liability, physical damage and other auto-related insurance for automobiles and trucks owned and/or operated predominately by small businesses as a part of the commercial auto market. ASI is a homeowner carrier in the United States, which specializes in personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance. The Company's service business includes Commercial Auto Insurance Procedures/Plans (CAIP) and Commission-based businesses.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Symbol: NYSE:PGR
  • CUSIP: 74331510
  • Web:
  • Market Cap: $24.29 billion
  • Outstanding Shares: 580,803,000
Average Prices:
  • 50 Day Moving Avg: $40.06
  • 200 Day Moving Avg: $37.51
  • 52 Week Range: $30.54 - $41.85
  • Trailing P/E Ratio: 20.41
  • Foreward P/E Ratio: 16.53
  • P/E Growth: 0.88
Sales & Book Value:
  • Annual Revenue: $24.18 billion
  • Price / Sales: 1.00
  • Book Value: $14.67 per share
  • Price / Book: 2.85
  • Annual Dividend: $0.68
  • Dividend Yield: 1.7%
  • EBIDTA: $2.08 billion
  • Net Margins: 4.40%
  • Return on Equity: 12.59%
  • Return on Assets: 3.05%
  • Debt-to-Equity Ratio: 0.40%
  • Current Ratio: 0.42%
  • Quick Ratio: 0.59%
  • Average Volume: 3.01 million shs.
  • Beta: 0.75
  • Short Ratio: 1.64

Frequently Asked Questions for Progressive Corp (NYSE:PGR)

What is Progressive Corp's stock symbol?

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

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

Progressive Corp announced an annual dividend on Wednesday, January 25th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.681 per share on Friday, February 10th. The ex-dividend date is Wednesday, February 1st. View Progressive Corp's Dividend History.

How were Progressive Corp's earnings last quarter?

Progressive Corp (NYSE:PGR) posted its quarterly earnings data on Tuesday, April, 18th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.01. The company earned $6.49 billion during the quarter, compared to the consensus estimate of $6.49 billion. Progressive Corp had a return on equity of 12.59% and a net margin of 4.40%. Progressive Corp's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. View Progressive Corp's Earnings History.

Where is Progressive Corp's stock going? Where will Progressive Corp's stock price be in 2017?

13 equities research analysts have issued 1 year target prices for Progressive Corp's stock. Their forecasts range from $33.00 to $48.00. On average, they expect Progressive Corp's stock price to reach $38.67 in the next twelve months. View Analyst Ratings for Progressive Corp.

What are analysts saying about Progressive Corp stock?

Here are some recent quotes from research analysts about Progressive Corp stock:

  • 1. According to Zacks Investment Research, "Progressive’s first-quarter 2017 results missed the Zacks Consensus Estimate but significantly improved year over year. Shares of Progressive significantly outperformed the Zacks categorized Property and Casualty industry, during the first quarter. Progressive strives to become a one-stop insurance destination by catering to customers opting for a combination of home and auto.  Its property business has also gained pace. Policies in force and retention ratio will continue to remain healthy. Focus on paying back its shareholders via dividends as well as share repurchases that lower share count and boosts the bottom line. However, the company’s growth could be challenged by intense competition. Increasing combined ratio, underperforming commercial auto business are other near-term headwinds." (4/21/2017)
  • 2. Wells Fargo & Co analysts commented, "We remain neutral on the shares. As PGR sees more earnings volatility from its homeowners’ book, its valuation should contract to a level closer to other personal lines carriers." (3/5/2017)
  • 3. Argus analysts commented, "The company targets the value segment of the Property-Casualty insurance market and spends aggressively on marketing in order to gain market share. However, earnings growth has been uneven in recent quarters, and valuations are high compared to the peer group," (7/18/2016)

Who are some of Progressive Corp's key competitors?

Who owns Progressive Corp stock?

Progressive Corp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.46%), BlackRock Inc. (6.18%), State Street Corp (4.65%), Longview Partners Guernsey LTD (3.19%), Alliancebernstein L.P. (2.61%) and Fiduciary Management Inc. WI (2.04%). Company insiders that own Progressive Corp stock include Bradley T Sheares, John A Barbagallo, John F Auer, M Jeffrey Charney, Michael D Sieger, Raymond M Voelker, Steven Broz, Susan Patricia Griffith and Valerie A Krasowski. View Institutional Ownership Trends for Progressive Corp.

Who sold Progressive Corp stock? Who is selling Progressive Corp stock?

Progressive Corp's stock was sold by a variety of institutional investors in the last quarter, including RidgeWorth Capital Management LLC, Longview Partners Guernsey LTD, Janus Capital Management LLC, Primecap Management Co. CA, AQR Capital Management LLC, Bank of Montreal Can, Alliancebernstein L.P. and Neuberger Berman Group LLC. Company insiders that have sold Progressive Corp stock in the last year include Bradley T Sheares, John A Barbagallo, M Jeffrey Charney, Michael D Sieger, Steven Broz and Valerie A Krasowski. View Insider Buying and Selling for Progressive Corp.

Who bought Progressive Corp stock? Who is buying Progressive Corp stock?

Progressive Corp's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., TimesSquare Capital Management LLC, Vanguard Group Inc., Assenagon Asset Management S.A., WINTON GROUP Ltd, Westfield Capital Management Co. LP, FMR LLC and Morgan Stanley. View Insider Buying and Selling for Progressive Corp.

How do I buy Progressive Corp stock?

Shares of Progressive Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Progressive Corp stock cost?

One share of Progressive Corp stock can currently be purchased for approximately $41.82.

Analyst Ratings

Consensus Ratings for Progressive Corp (NYSE:PGR) (?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.23)
Consensus Price Target: $38.67 (7.54% downside)

Analysts' Ratings History for Progressive Corp (NYSE:PGR)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/18/2017Keefe, Bruyette & WoodsReiterated RatingBuy$48.00LowView Rating Details
5/17/2017Deutsche Bank AGUpgradeSell -> Hold$35.00 -> $40.00LowView Rating Details
5/10/2017FBR & CoBoost Price TargetMkt Perform -> Mkt Perform$35.00 -> $36.00LowView Rating Details
5/4/2017Wells Fargo & CoReiterated RatingHoldHighView Rating Details
3/25/2017Credit Suisse Group AGSet Price TargetSell$39.00LowView Rating Details
3/21/2017Sandler O'NeillUpgradeHold -> Buy$45.00LowView Rating Details
3/20/2017Bank of America CorpUpgradeNeutral -> Buy$40.00 -> $46.00LowView Rating Details
2/19/2017Barclays PLCReiterated RatingSell$33.00N/AView Rating Details
1/10/2017Goldman Sachs Group IncUpgradeSell -> Neutral$29.00 -> $34.00N/AView Rating Details
1/5/2017Morgan StanleyUpgradeUnderweight -> Equal Weight$31.00 -> $36.00N/AView Rating Details
10/14/2016Citigroup IncUpgradeSell -> Neutral$30.00 -> $34.00N/AView Rating Details
9/10/2016William BlairReiterated RatingOutperformN/AView Rating Details
7/18/2016ArgusReiterated RatingHold$33.00N/AView Rating Details
6/23/2016MKM PartnersReiterated RatingBuy$40.00N/AView Rating Details
1/19/2016MacquarieLower Price Target$33.00 -> $32.00N/AView Rating Details
1/19/2016Sanford C. BernsteinDowngradeOutperform -> Market Perform$34.00 -> $33.00N/AView Rating Details
9/21/2015Sterne Agee CRTInitiated CoverageNeutral$32.00N/AView Rating Details
9/16/2015JMP SecuritiesInitiated CoverageOutperform$36.00N/AView Rating Details
6/22/2015Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$31.00N/AView Rating Details
(Data available from 5/25/2015 forward)


Earnings History for Progressive Corp (NYSE:PGR)
Earnings by Quarter for Progressive Corp (NYSE:PGR)
Earnings History by Quarter for Progressive Corp (NYSE:PGR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/18/2017Q1 2017$0.68$0.67$6.49 billion$6.49 billionViewN/AView Earnings Details
1/25/2017Q416$0.51$0.66$5.47 billion$5.55 billionViewN/AView Earnings Details
10/13/2016Q316$0.36$0.34$5.90 billion$5.96 billionViewN/AView Earnings Details
7/14/2016Q216$0.34$0.33$5.70 billion$5.79 billionViewN/AView Earnings Details
4/14/2016Q116$0.50$0.44$5.45 billion$5.54 billionViewN/AView Earnings Details
1/27/2016Q415$0.47$0.56$5.04 billion$4.84 billionViewN/AView Earnings Details
10/16/2015Q315$0.48$0.47$5.26 billion$5.29 billionViewN/AView Earnings Details
7/17/2015Q215$0.55$0.62$5.11 billion$5.25 billionViewN/AView Earnings Details
4/15/2015Q115$0.43$0.46$5.00 billion$5.07 billionViewN/AView Earnings Details
1/28/2015Q413$0.45$0.63$4.47 billion$4.61 billionViewN/AView Earnings Details
10/10/2014Q313$0.44$0.50$4.65 billion$4.73 billionViewN/AView Earnings Details
7/10/2014Q2 14$0.48$0.49$4.64 billion$4.63 billionViewN/AView Earnings Details
4/9/2014Q1 14$0.39$0.54$4.62 billion$4.68 billionViewN/AView Earnings Details
1/22/2014Q413$0.43$0.50$4.06 billion$4.05 billionViewN/AView Earnings Details
10/9/2013Q4 13$0.36$0.39ViewN/AView Earnings Details
7/11/2013Q2 13$0.40$0.54$4.38 billion$4.39 billionViewN/AView Earnings Details
4/10/2013Q1 13$0.44$0.51$4.44 billion$4.45 billionViewN/AView Earnings Details
1/18/2013Q412$0.34$0.41$3.79 billion$3.84 billionViewN/AView Earnings Details
10/10/2012Q312$0.26$0.46$4.17 billionViewN/AView Earnings Details
7/12/2012$0.27$0.19ViewN/AView Earnings Details
4/11/2012$0.39$0.42ViewN/AView Earnings Details
1/19/2012$0.35$0.42ViewN/AView Earnings Details
10/12/2011$0.28$0.24ViewN/AView Earnings Details
7/14/2011$0.39$0.38ViewN/AView Earnings Details
4/14/2011$0.44$0.55ViewN/AView Earnings Details
1/20/2011$0.36$0.45ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Progressive Corp (NYSE:PGR)
2017 EPS Consensus Estimate: $2.45
2018 EPS Consensus Estimate: $2.88
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.65$0.71$0.69
Q2 20173$0.53$0.62$0.57
Q3 20173$0.47$0.56$0.52
Q4 20173$0.58$0.73$0.67
Q1 20182$0.80$0.90$0.85
Q2 20182$0.53$0.70$0.62
Q3 20182$0.51$0.67$0.59
Q4 20182$0.77$0.88$0.83
(Data provided by Zacks Investment Research)


Current Dividend Information for Progressive Corp (NYSE:PGR)
Most Recent Dividend:2/10/2017
Annual Dividend:$0.68
Dividend Yield:1.63%
Dividend Growth:46.20% (3 Year Average)
Payout Ratio:38.42% (Trailing 12 Months of Earnings)
29.06% (Based on This Year's Estimates)
26.88% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Progressive Corp (NYSE:PGR)

Dividend History by Quarter for Progressive Corp (NYSE:PGR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Progressive Corp (NYSE:PGR)
Insider Ownership Percentage: 0.60%
Institutional Ownership Percentage: 76.70%
Insider Trades by Quarter for Progressive Corp (NYSE:PGR)
Institutional Ownership by Quarter for Progressive Corp (NYSE:PGR)
Insider Trades by Quarter for Progressive Corp (NYSE:PGR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/22/2017Steven BrozInsiderSell1,100$41.55$45,705.00View SEC Filing  
12/19/2016Valerie A KrasowskiInsiderSell10,500$35.78$375,690.00View SEC Filing  
9/2/2016M Jeffrey CharneyInsiderSell7,000$32.50$227,500.00View SEC Filing  
7/22/2016Michael D SiegerInsiderSell3,200$32.93$105,376.00View SEC Filing  
7/18/2016John A BarbagalloInsiderSell24,000$33.01$792,240.00View SEC Filing  
7/15/2016Steven BrozInsiderSell2,500$33.17$82,925.00View SEC Filing  
6/28/2016John A BarbagalloInsiderSell11,000$31.50$346,500.00View SEC Filing  
6/24/2016Bradley T ShearesDirectorSell19,564$31.96$625,265.44View SEC Filing  
5/24/2016M Jeffrey CharneyCMOSell5,000$33.10$165,500.00View SEC Filing  
2/1/2016John F AuerCEO of Progressive's ASI branchBuy50,000$30.28$1,514,000.00View SEC Filing  
7/21/2015M Jeffrey CharneyCMOSell3,500$30.71$107,485.00View SEC Filing  
7/20/2015Raymond M VoelkerInsiderSell13,000$31.22$405,860.00View SEC Filing  
6/23/2015Susan Patricia GriffithCOOSell20,396$28.31$577,410.76View SEC Filing  
6/3/2015Michael D SiegerInsiderSell7,211$27.56$198,735.16View SEC Filing  
4/20/2015Raymond M VoelkerInsiderSell14,400$27.10$390,240.00View SEC Filing  
3/27/2015William M CodyCIOSell45,000$26.99$1,214,550.00View SEC Filing  
3/26/2015M Jeffrey CharneyCMOSell10,000$27.01$270,100.00View SEC Filing  
12/19/2014M Jeffrey CharneyCMOSell9,000$26.89$242,010.00View SEC Filing  
9/16/2014Thomas A KingVPSell103,737$25.18$2,612,097.66View SEC Filing  
8/19/2014John P SauerlandInsiderSell5,600$24.69$138,264.00View SEC Filing  
8/14/2014Raymond M VoelkerInsiderSell49,800$24.40$1,215,120.00View SEC Filing  
6/23/2014Glenn M RenwickCEOSell743,159$25.83$19,195,796.97View SEC Filing  
5/20/2014Brian DomeckInsiderSell15,000$25.11$376,650.00View SEC Filing  
9/17/2013Raymond VoelkerInsiderSell42,000$26.25$1,102,500.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Progressive Corp (NYSE:PGR)
Latest Headlines for Progressive Corp (NYSE:PGR)
DateHeadline logoProgressive Corp (PGR) Insider Steven Broz Sells 1,100 Shares - May 24 at 1:23 PM logoJuly 21st Options Now Available For Progressive (PGR) - May 23 at 6:40 PM logoProgressive (PGR) Hits 52-Week High on Impressive Strategies - May 22 at 9:37 AM logoProgressive Corp (PGR) to Post Q2 2017 Earnings of $0.57 Per Share, Langen Mcalenn Forecasts - May 22 at 7:06 AM logoProgressive April Earnings Up as Revenues Rise, Shares Gain - May 20 at 6:45 PM logoWhy Is Progressive Corp (PGR) Up 5.9% Since the Last Earnings Report? - May 19 at 12:00 PM logoLangen Mcalenn Analysts Boost Earnings Estimates for Progressive Corp (PGR) - May 19 at 10:37 AM logoQ2 2017 Earnings Forecast for Progressive Corp (PGR) Issued By William Blair - May 19 at 7:14 AM logoKeefe, Bruyette & Woods Reaffirms Buy Rating for Progressive Corp (PGR) - May 18 at 12:30 PM logoBrokers Set Expectations for Progressive Corp's FY2017 Earnings (PGR) - May 18 at 10:38 AM logoProgressive Corp. (PGR) Broke Out To A New High On April Results - May 18 at 7:26 AM logoProgressive Reports April 2017 Results - May 17 at 7:09 PM logoProgressive Corp (PGR) Upgraded at Deutsche Bank AG - May 17 at 5:16 PM logoProgressive Corp (PGR) Given New $36.00 Price Target at FBR & Co - May 14 at 7:42 PM logoProgressive (PGR) Announces 25M Share Buyback Program - May 12 at 7:58 PM logoProgressive Announces Share Repurchase Authorization - May 12 at 7:58 PM logoProgressive Corp. board OKs share buyback program - May 12 at 7:58 PM logoProgressive Care Announces First Quarter Conference Call and Webcast with Investors on May 15, 2017 - May 12 at 3:52 PM logoA.M. Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries - May 12 at 12:40 AM logo$6.38 Billion in Sales Expected for Progressive Corp (PGR) This Quarter - May 10 at 10:30 AM logoProgressive Corp (PGR) Expected to Announce Earnings of $0.49 Per Share - May 8 at 4:16 PM logoWells Fargo & Co Reiterates Hold Rating for Progressive Corp (PGR) - May 7 at 8:02 AM logoProgressive Corporation's (PGR) CEO Tricia Griffith on Q1 2017 Results - Earnings Call Transcript - May 5 at 8:43 AM logoEdited Transcript of PGR earnings conference call or presentation 4-May-17 3:00pm GMT - May 5 at 12:24 AM logoProgressive Corp (PGR) Receiving Favorable News Coverage, Study Shows - May 4 at 12:40 PM logoProgressive Corp. breached its 50 day moving average in a Bearish Manner : PGR-US : May 3, 2017 - May 3 at 7:48 PM logoProgressive Corp (PGR) Receives Consensus Recommendation of "Hold" from Analysts - May 2 at 8:24 PM logoVery Positive Media Coverage Somewhat Likely to Affect Progressive Corp (PGR) Share Price - May 1 at 9:54 AM logoVery Favorable Press Coverage Very Unlikely to Impact Progressive Corp (PGR) Share Price - April 28 at 8:10 AM logoProgressive Announces New Time for First Quarter Investor Relations Conference Call - April 26 at 6:03 PM logoProgressive Corp (PGR) Given Daily Media Sentiment Rating of 0.63 - April 25 at 9:15 AM logoBuy Progressive Corp (PGR) Stock Before It’s Too Late! - April 22 at 6:33 PM logoVery Favorable News Coverage Somewhat Likely to Affect Progressive Corp (PGR) Share Price - April 22 at 9:58 AM logoProgressive Corp (PGR) Downgraded by Zacks Investment Research - April 21 at 12:17 PM logoBuy Progressive Corp (PGR) Stock Before It’s Too Late! - April 21 at 11:26 AM logoProgressive Corp (PGR) to Post Q2 2017 Earnings of $0.49 Per Share, Langen Mcalenn Forecasts - April 21 at 9:31 AM logoQ1 2018 EPS Estimates for Progressive Corp (PGR) Boosted by William Blair - April 20 at 3:13 PM logoProgressive Corp (PGR) Getting Positive Press Coverage, AlphaOne Reports - April 19 at 11:51 AM logoProgressive's (PGR) Q1 Earnings Lag, Revenues Top Estimates - April 19 at 9:53 AM logo3 Big Stock Charts for Tuesday: Progressive Corp (PGR), Johnson & Johnson (JNJ) and Goldman Sachs Group Inc (GS) - April 19 at 9:53 AM logoProgressive Corp. breached its 50 day moving average in a Bearish Manner : PGR-US : April 19, 2017 - April 19 at 9:53 AM logoProgressive's (PGR) Q1 Earnings Lag, Revenues Top Estimates - April 18 at 6:33 PM logoProgressive Corp (PGR) Releases Earnings Results, Misses Expectations By $0.02 EPS - April 18 at 2:46 PM logo3 Big Stock Charts for Tuesday: Progressive Corp (PGR), Johnson & Johnson (JNJ) and Goldman Sachs Group Inc (GS) - April 18 at 12:34 PM logoTax Day And The Killer Instinct In Economic Policy - April 18 at 12:25 PM logoProgressive misses 1Q profit forecasts - April 18 at 10:26 AM logoProgressive (PGR) Q1 Earnings Miss Estimates by a Penny - April 18 at 9:47 AM logoProgressive Reports March 2017 Results - April 18 at 9:47 AM logoEarnings Scheduled For April 18, 2017 - April 18 at 6:07 AM logoZacks: Analysts Expect Progressive Corp (PGR) to Post $0.68 EPS - April 17 at 6:16 PM



Progressive Corp (PGR) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by Staff