Progressive Corporation (The) Company Profile (NYSE:PGR)

About Progressive Corporation (The)

Progressive Corporation (The) 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 Personal Lines, Commercial Lines and Property segments. The Company operates its vehicle businesses and property business in the United States. It also sells personal auto physical damage and auto property damage liability insurance in Australia. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. Its 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. Its Property business writes homeowners and renters insurance, primarily in the Agency channel in over 31 states and the District of Columbia.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Exchange: NYSE
  • Symbol: PGR
  • CUSIP: 74331510
Key Metrics:
  • Previous Close: $39.05
  • 50 Day Moving Average: $37.29
  • 200 Day Moving Average: $33.93
  • 52-Week Range: $30.54 - $39.21
  • Trailing P/E Ratio: 22.19
  • Foreward P/E Ratio: 16.41
  • P/E Growth: 2.08
  • Market Cap: $22.65B
  • Outstanding Shares: 579,900,000
  • Beta: 0.75
  • 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%
Additional Links:
Companies Related to Progressive Corporation (The):

Analyst Ratings

Consensus Ratings for Progressive Corporation (The) (NYSE:PGR) (?)
Ratings Breakdown: 3 Sell Ratings, 7 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.92)
Consensus Price Target: $32.60 (16.52% downside)

Analysts' Ratings History for Progressive Corporation (The) (NYSE:PGR)
DateFirmActionRatingPrice TargetDetails
2/19/2017Barclays PLCReiterated RatingSell$33.00View Rating Details
2/17/2017Credit Suisse GroupReiterated RatingSell$33.00View Rating Details
1/10/2017Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$29.00 -> $34.00View Rating Details
1/5/2017Morgan StanleyUpgradeUnderweight -> Equal Weight$31.00 -> $36.00View Rating Details
10/14/2016Citigroup Inc.UpgradeSell -> Neutral$30.00 -> $34.00View Rating Details
9/19/2016Deutsche Bank AGLower Price TargetSell$30.00 -> $28.00View Rating Details
9/15/2016Keefe, Bruyette & WoodsUpgradeUnderperform -> Market Perform$29.00 -> $31.00View Rating Details
9/10/2016William BlairReiterated RatingOutperformView Rating Details
7/18/2016ArgusReiterated RatingHold$33.00View Rating Details
6/23/2016MKM PartnersReiterated RatingBuy$40.00View Rating Details
6/16/2016FBR & CoReiterated RatingHoldView Rating Details
3/28/2016Sandler O'NeillLower Price TargetHold$25.00 -> $24.00View Rating Details
1/19/2016MacquarieLower Price Target$33.00 -> $32.00View Rating Details
1/19/2016Sanford C. BernsteinDowngradeOutperform -> Market Perform$34.00 -> $33.00View Rating Details
9/21/2015Sterne Agee CRTInitiated CoverageNeutral$32.00View Rating Details
9/16/2015JMP SecuritiesInitiated CoverageOutperform$36.00View Rating Details
6/22/2015Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$31.00View Rating Details
(Data available from 2/26/2015 forward)


Earnings History for Progressive Corporation (The) (NYSE:PGR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/25/2017Q416$0.51$0.66$5.47 billion$5.55 billionViewN/AView Earnings Details
10/13/2016Q316$0.36$0.34$6.05 billionViewN/AView Earnings Details
7/14/2016Q216$0.34$0.33$5.93 billionViewN/AView Earnings Details
4/14/2016Q116$0.50$0.44$5.82 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$5.41 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$4.73 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 Corporation (The) (NYSE:PGR)
Current Year EPS Consensus Estimate: $2.16 EPS
Next Year EPS Consensus Estimate: $2.38 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.52$0.52$0.52
Q2 20163$0.31$0.32$0.32
Q3 20163$0.32$0.51$0.40
Q4 20163$0.51$0.54$0.52
Q1 20173$0.53$0.69$0.63
Q2 20173$0.47$0.53$0.49
Q3 20173$0.46$0.56$0.51
Q4 20173$0.58$0.70$0.65
Q1 20182$0.73$0.83$0.78
Q2 20182$0.54$0.58$0.56
Q3 20182$0.51$0.65$0.58
Q4 20182$0.76$0.85$0.81
(Data provided by Zacks Investment Research)


Current Dividend Information for Progressive Corporation (The) (NYSE:PGR)
Annual Dividend:$0.68
Dividend Yield:1.74%
Dividend Growth:46.20% (3 Year Average)
Payout Ratio:38.42% (Based on Trailing 12 Months of Earnings)
31.48% (Based on Current Year Consensus EPS Estimate)
28.57% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

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

Insider Trades

Insider Trading History for Progressive Corporation (The) (NYSE:PGR)
Insider Ownership Percentage: 0.60%
Institutional Ownership Percentage: 76.70%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Progressive Corporation (The) (NYSE:PGR)
News IconThe new 'Titanfall 2' Live Fire mode comes with double experience (NYSE:PGR) - February 25 at 1:20 AM
News IconStock Movers- Sprint Corp (NYSE:S), Progressive Corp (NYSE:PGR) - Wall Street Times (press release) (NYSE:PGR) - February 24 at 8:31 AM
News IconUnder the Lens: Stock Update on The Progressive Corporation (NYSE:PGR) - SKV News (NYSE:PGR) - February 24 at 12:21 AM
News IconIs It Time to go for The Progressive Corp. (PGR), FedEx Corp. (FDX)? - StockNewsJournal (NYSE:PGR) - February 24 at 12:21 AM logoWhy The Progressive (PGR) Could Be a Top Value Stock Pick ... - Nasdaq (NYSE:PGR) - February 24 at 12:21 AM
News IconIs It Time to go for The Progressive Corporation (PGR), FedEx Corporation (FDX)? - StockNewsJournal (NYSE:PGR) - February 24 at 12:21 AM
News IconEarnings Guidance on Progressive Corporation (The)(PGR) - Energy Index (NYSE:PGR) - February 24 at 12:21 AM logoProgressive Announces Investor Relations Conference Call (NYSE:PGR) - February 23 at 7:19 PM logoWhy The Progressive (PGR) Could Be a Top Value Stock Pick (NYSE:PGR) - February 23 at 9:01 AM
News IconThe Must-Know Technicals As They Stand For The Progressive Corporation (PGR) - NY Stock News (NYSE:PGR) - February 22 at 7:20 PM
News IconInstitutional Portfolio Favorite in Spotlight: The Progressive Corporation (NYSE:PGR) - Rockville Register (NYSE:PGR) - February 21 at 5:41 PM logoTHE PROGRESSIVE CORPORATION (NYSE:PGR) Files An 8-K Departure of Directors or Certain Officers; Election of ... - Market Exclusive (NYSE:PGR) - February 21 at 5:41 PM logoPROGRESSIVE CORP/OH/ Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:PGR) - February 21 at 5:40 PM
News IconAnalyst's Proposition on Biogen Inc. (BIIB), The Progressive Corporation (PGR) - The USA Commerce (NYSE:PGR) - February 20 at 6:27 PM
News IconToday's Brokerage Rating: The Progressive Corporation (PGR ... - StockNewsJournal (NYSE:PGR) - February 18 at 6:21 PM
News IconTraders Secrets on The Progressive Corporation (PGR), Hilton Worldwide Holdings Inc. (HLT) (NYSE:PGR) - February 17 at 4:52 PM logoProgressive (PGR) January Earnings Grow on Higher Revenues (NYSE:PGR) - February 17 at 4:52 PM logoProgressive Announces 2017 Annual Meeting Dates and Management Change (NYSE:PGR) - February 17 at 4:52 PM logoJanuary 2017 Progressive Corp Earnings Release - Before Market Open (NYSE:PGR) - February 16 at 6:49 PM
News IconTraders Secrets on The Progressive Corporation (PGR), Hilton Worldwide Holdings Inc. (HLT) - StockNewsJournal (NYSE:PGR) - February 16 at 6:49 PM logoProgressive Reports January 2017 Results (NYSE:PGR) - February 16 at 6:49 PM
News IconAnalyst's Indicator Review for Comerica Incorporated (CMA), The Progressive Corporation (PGR) - The USA Commerce (NYSE:PGR) - February 16 at 6:49 PM logoPROGRESSIVE CORP/OH/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:PGR) - February 16 at 6:49 PM
News IconThe Progressive Corporation (PGR): Essential Chart Information - NY Stock News (NYSE:PGR) - February 16 at 6:49 PM logoSun Life Financial (SLF) Q4 Earnings & Revenues Improve Y/Y (NYSE:PGR) - February 16 at 6:48 PM
News IconTrading Focus on This Stock: The Progressive Corporation (NYSE:PGR) - Midway Monitor (NYSE:PGR) - February 11 at 1:11 AM
News IconAnalyst's Indicator Review for Alaska Air Group, Inc. (ALK), The Progressive Corporation (PGR) - The USA Commerce (NYSE:PGR) - February 10 at 8:10 PM logoWillis Towers (WLTW) Beats on Q4 Earnings, Raises Dividend (NYSE:PGR) - February 9 at 9:18 PM logoConsumer Watchdog raises concerns about occupation-based auto insurance discounts (NYSE:PGR) - February 8 at 7:00 PM
News IconToday Analysts Focus on American Tower Corporation (AMT), The ... - StockNewsJournal (NYSE:PGR) - February 7 at 8:41 PM
News IconProgressive Corp Ohio (PGR) Share Price Declined While Lomas Capital Management LLC Has Raised Holding (NYSE:PGR) - February 7 at 12:20 AM
News IconStock Price of Progressive Corporation (The) (PGR) Decreases -2.29% - Highland Mirror (NYSE:PGR) - February 6 at 7:20 PM
News IconHow Does The Progressive Corporation (PGR) Stack Up Right Now? - StockNewsJournal (NYSE:PGR) - February 6 at 7:19 PM
News IconEarnings Clues on Ameriprise Financial, Inc. (AMP), The Progressive Corporation (PGR) Analyst's Predictions - StockNewsJournal (NYSE:PGR) - February 4 at 7:12 PM logoGo With the Flow and Buy Progressive Corp (PGR) Stock (NYSE:PGR) - February 3 at 1:16 PM
News IconEarnings Forecast Research on Progressive Corporation (The) (PGR) - Highland Mirror (NYSE:PGR) - February 2 at 2:24 AM logoProgressive Corporation (The) (NYSE:PGR) Mean Rating At $2.92 - (NYSE:PGR) - February 1 at 1:21 AM
News IconTop Gainers of the Day: The Progressive Corporation (NYSE:PGR) from Property & Casualty Insurance (NYSE:PGR) - January 31 at 8:19 PM
News IconUpward Mounting Stock Reaches New Heights: The Progressive Corporation (NYSE:PGR) - Wall Street Beacon (NYSE:PGR) - January 31 at 12:56 AM
News IconProperty & Casualty Insurance: The Progressive Corporation (NYSE:PGR) Position of the day (NYSE:PGR) - January 29 at 7:41 PM
News IconLevels in Review for The Progressive Corporation (NYSE:PGR) - Gilbert Daily (NYSE:PGR) - January 29 at 12:22 AM
News IconTechnicals in Focus for The Progressive Corporation (PGR) - The USA Commerce (NYSE:PGR) - January 27 at 12:47 AM
News IconIs The Progressive Corporation’s (PGR) ROE Of 12.3% Sustainable? (NYSE:PGR) - January 26 at 5:41 AM logoTHE PROGRESSIVE CORPORATION (NYSE:PGR) Files An 8-K Results of Operations and Financial Condition (NYSE:PGR) - January 26 at 5:41 AM logo8:35 am Progressive beats by $0.15, beats on revs (NYSE:PGR) - January 26 at 5:41 AM logoProgressive Corp. Reports 16% Rise In Q4 Bottom Line (NYSE:PGR) - January 26 at 12:40 AM logoProgressive Now #233 Largest Company, Surpassing VFC (NYSE:PGR) - January 26 at 12:40 AM
News IconAs Progressive Corp Ohio (PGR) Shares Declined, Cookson Peirce & Co INC Has Trimmed Its Holding by $9.67 Million (NYSE:PGR) - January 26 at 12:40 AM logoDecember 2016 Progressive Corp Earnings Release - Before Market Open (NYSE:PGR) - January 26 at 12:40 AM logoProgressive Reports December 2016 Results and Annual Dividend Amount (NYSE:PGR) - January 26 at 12:40 AM


What is Progressive Corporation (The)'s stock symbol?

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

How often does Progressive Corporation (The) pay dividends? What is the dividend yield for Progressive Corporation (The)?

Progressive Corporation (The) announced an annual dividend on Wednesday, January 25th. Investors of record on Friday, February 3rd will be paid a dividend of $0.681 per share on Friday, February 10th. The ex-dividend date of this dividend is Wednesday, February 1st.

Where is Progressive Corporation (The)'s stock going? Where will Progressive Corporation (The)'s stock price be in 2017?

12 analysts have issued twelve-month target prices for Progressive Corporation (The)'s shares. Their predictions range from $24.00 to $40.00. On average, they anticipate Progressive Corporation (The)'s stock price to reach $32.60 in the next twelve months.

When will Progressive Corporation (The) announce their earnings?

Progressive Corporation (The) is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.

What are analysts saying about Progressive Corporation (The) stock?

Here are some recent quotes from research analysts about Progressive Corporation (The) stock:

  • According to Zacks Investment Research, "Shares of Progressive gained 13% over the last three months, outperforming the Zacks categorized Property and Casualty industry’s growth of 10.04%. It strives to become a one-stop insurance destination by catering to customers opting for a combination of home and auto. To this end, the company acquired the majority stake in ARX Holdings. This buyout has started to bear fruit, thereby raising further optimism about the future. The company remains focused on paying back its shareholders via dividends as well as share repurchases that lower share count and boost 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. Progressive is slated to report its fourth quarter results on Jan 25. A Zacks Rank #2 increases the predictive power of a beat, but combined with Earnings ESP of 0.00% makes prediction difficult." (1/17/2017)

  • 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 owns Progressive Corporation (The) stock?

Progressive Corporation (The)'s stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.59%), Fiduciary Management Inc. WI (2.06%), Artisan Partners Limited Partnership (1.41%), Janus Capital Management LLC (0.78%), RidgeWorth Capital Management LLC (0.71%) and FMR LLC (0.66%). Company insiders that own Progressive Corporation (The) 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, Valerie A Krasowski and William M Cody.

Who sold Progressive Corporation (The) stock? Who is selling Progressive Corporation (The) stock?

Progressive Corporation (The)'s stock was sold by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, AQR Capital Management LLC, Fiduciary Management Inc. WI, TCW Group Inc., Dimensional Fund Advisors LP, FMR LLC, I.G. Investment Management LTD. and O Shaughnessy Asset Management LLC. Company insiders that have sold Progressive Corporation (The) stock in the last year include Bradley T Sheares, John A Barbagallo, M Jeffrey Charney, Michael D Sieger, Steven Broz and Valerie A Krasowski.

Who bought Progressive Corporation (The) stock? Who is buying Progressive Corporation (The) stock?

Progressive Corporation (The)'s stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Viking Global Investors LP, Russell Investments Group Ltd., Osterweis Capital Management Inc., Gillson Capital LP, Asset Management One Co. Ltd., Marshall Wace LLP and Thompson Siegel & Walmsley LLC.

How do I buy Progressive Corporation (The) stock?

Shares of Progressive Corporation (The) 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 Corporation (The) stock cost?

One share of Progressive Corporation (The) stock can currently be purchased for approximately $39.05.

Progressive Corporation (The) (NYSE:PGR) Chart for Sunday, February, 26, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Progressive Corporation (The) (NYSE:PGR)

Earnings History Chart

Earnings by Quarter for Progressive Corporation (The) (NYSE:PGR)

Dividend History Chart

Dividend Payments by Quarter for Progressive Corporation (The) (NYSE:PGR)

Last Updated on 2/26/2017 by Staff