Progressive Corp. Company Profile (NYSE:PGR)

About Progressive Corp.

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 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: $31.43
  • 50 Day Moving Average: $32.27
  • 200 Day Moving Average: $33.02
  • 52-Week Range: $29.32 - $35.54
  • Trailing P/E Ratio: 17.43
  • Foreward P/E Ratio: 15.64
  • P/E Growth: 2.10
  • Market Cap: $18.26B
  • Outstanding Shares: 581,915,000
  • Beta: 0.75
Profitability:
  • Net Margins: 4.80%
  • Return on Equity: 13.57%
  • Return on Assets: 3.34%
Debt:
  • Debt-to-Equity Ratio: 0.34%
  • Current Ratio: 0.56%
  • Quick Ratio: 0.56%
Additional Links:
Companies Related to Progressive Corp.:

Analyst Ratings

Consensus Ratings for Progressive Corp. (NYSE:PGR) (?)
Ratings Breakdown: 4 Sell Ratings, 5 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.82)
Consensus Price Target: $30.90 (1.69% downside)

Analysts' Ratings History for Progressive Corp. (NYSE:PGR)
Show:
DateFirmActionRatingPrice TargetDetails
9/19/2016Deutsche Bank AGLower Price TargetSell$30.00 -> $28.00View Rating Details
9/17/2016Credit Suisse Group AGSet Price TargetSell$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
6/2/2016Citigroup Inc.DowngradeNeutral -> Sell$36.00 -> $31.00View Rating Details
3/28/2016Sandler O'NeillLower Price TargetHold$25.00 -> $24.00View Rating Details
3/17/2016Goldman Sachs Group Inc.Boost Price TargetSell$28.00 -> $29.00View 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
6/19/2015Barclays PLCBoost Price TargetUnderweight$24.00 -> $27.00View Rating Details
1/7/2015Janney Montgomery ScottUpgradeNeutral -> BuyView Rating Details
12/9/2014JPMorgan Chase & Co.Initiated CoverageNeutral$30.00View Rating Details
(Data available from 9/28/2014 forward)

Earnings

Earnings History for Progressive Corp. (NYSE:PGR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/13/2016        
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)

Estimates

Earnings Estimates for Progressive Corp. (NYSE:PGR)
Current Year EPS Consensus Estimate: $1.58 EPS
Next Year EPS Consensus Estimate: $2.01 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$0.52$0.57$0.55
Q1 20173$0.53$0.61$0.58
Q2 20173$0.43$0.58$0.51
Q3 20173$0.39$0.60$0.52
Q4 20173$0.58$0.66$0.62
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Progressive Corp. (NYSE:PGR)
Annual Dividend:$0.89
Dividend Yield:2.83%
Dividend Growth:19.00% (3 Year Average)
Payout Ratio:49.44% (Based on Trailing 12 Months of Earnings)
56.33% (Based on Current Year Consensus EPS Estimate)
44.28% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History for Progressive Corp. (NYSE:PGR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/27/2016annual$0.892.23%2/1/20162/3/20162/12/2016
1/29/2015annual$0.692.57%2/2/20152/4/20152/13/2015
12/11/2013special$1.001.07%1/27/20141/29/20142/7/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Progressive Corp. (NYSE:PGR)
Insider Ownership Percentage: 0.60%
Institutional Ownership Percentage: 76.53%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)

Headlines

Latest Headlines for Progressive Corp. (NYSE:PGR)
DateHeadline
News IconToday's Top Gainers in the Market Progressive Corp. (NYSE:PGR) from Financial - The Daily Leicester (NYSE:PGR)
thedailyleicester.com - September 27 at 6:39 PM
News IconTop Gainers of the Day: Progressive Corp. (NYSE:PGR) from Property & Casualty Insurance (NYSE:PGR)
twincountynews.com - September 27 at 11:21 AM
News IconProgressive Corp. (NYSE:PGR) from Property & Casualty Insurance – Todays Top Gains (NYSE:PGR)
twincountynews.com - September 26 at 6:49 PM
News IconFinancial Stocks Momentum! Progressive Corp (PGR), Zions Bancorp (NASDAQ:ZION) - share market updates (press release) (NYSE:PGR)
sharemarketupdates.com - September 26 at 11:34 AM
4-traders.com logoProgressive : Shares of Progressive Corporation (The) (PGR) Sees Large Inflow of Net Money Flow (NYSE:PGR)
www.4-traders.com - September 25 at 5:59 PM
News IconThe Statistics Don't Lie: Progressive Corp. (NYSE:PGR) Earnings Preview - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - September 24 at 6:04 PM
4-traders.com logo3 Trending Stocks: Progressive Corp. (PGR), CA, Inc. (CA), Helmerich & Payne, Inc. (HP) (NYSE:PGR)
www.4-traders.com - September 23 at 6:16 PM
fool.com logo3 Ways Drones Could Change the Insurance Industry (NYSE:PGR)
www.fool.com - September 23 at 11:31 AM
realistinvestor.com logoProgressive Corporation (The) (NYSE:PGR) Mean Price Target Is ... - RealistInvestor.com (NYSE:PGR)
www.realistinvestor.com - September 22 at 11:35 AM
News IconA look at a High Market Cap Stock: Progressive Corp., PGR - The Daily Leicester (NYSE:PGR)
thedailyleicester.com - September 22 at 11:35 AM
publicnow.com logoPGR: PEREGRINE HOLDINGS LIMITED - Change to the board of directors (NYSE:PGR)
www.publicnow.com - September 22 at 11:35 AM
News IconLeading stocks in today’s market: Progressive Corp. (NYSE:PGR) (NYSE:PGR)
twincountynews.com - September 21 at 6:22 PM
News IconFinancial Stocks Worth Chasing: Progressive Corp. (PGR), Bank of America Corporation (BAC) - The Independent Republic (NYSE:PGR)
theindependentrepublic.com - September 21 at 10:49 AM
News IconAnalysts Valuations For Two Stocks: Progressive Corp (NYSE:PGR), American International Group Inc (NYSE:AIG) - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - September 21 at 10:49 AM
4-traders.com logoProgressive : Sellers Covered 5.64% of Their Shorts (NYSE:PGR)
www.4-traders.com - September 20 at 12:00 PM
News IconAnalysts Valuations For Two Stocks: BB&T Corporation (NYSE:BBT), Progressive Corp (NYSE:PGR) - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - September 19 at 11:16 AM
News IconFinancial Stocks Reports! State Street Corp (STT), Progressive Corp (NYSE:PGR) - share market updates (press release) (NYSE:PGR)
sharemarketupdates.com - September 19 at 11:16 AM
News IconWilliam Blair Brokers Lower Earnings Estimates for Progressive Corp. (PGR) (NYSE:PGR)
magseriesusa.net - September 18 at 6:17 PM
News IconIs Progressive Corp. (NYSE:PGR), a large market cap stock a smart buy? (NYSE:PGR)
twincountynews.com - September 18 at 6:17 PM
News IconProgressive Corp (PGR) is Upgraded by Keefe Bruyette to Mkt Perform (NYSE:PGR)
huntnews.in - September 18 at 6:17 PM
News IconStock Down Over the Last Quarter: Progressive Corp. (NYSE:PGR) - Post News (NYSE:PGR)
www.kentuckypostnews.com - September 17 at 6:18 PM
News IconEarnings Analysis & Update for Progressive Corp (NYSE:PGR)? - Frisco Fastball (NYSE:PGR)
friscofastball.com - September 17 at 6:17 PM
benzinga.com logoEnergen Corporation (NYSE:EGN), Progressive Corporation (The ... - Benzinga (NYSE:PGR)
www.benzinga.com - September 17 at 6:17 PM
News IconAnalyst Insights on Share's Rating and Recommendations: Progressive Corp (NYSE:PGR) - Post Registrar (NYSE:PGR)
postregistrar.com - September 17 at 6:17 PM
News IconShares of Aralez Pharmaceuticals Inc (NASDAQ:ARLZ) & Progressive Corp (NYSE:PGR) Stocks News Update: Thursday - Money News (NYSE:PGR)
www.newsismoney.com - September 16 at 6:33 PM
finance.yahoo.com logoProgressive upgraded by Keefe Bruyette (NYSE:PGR)
finance.yahoo.com - September 16 at 6:33 PM
finance.yahoo.com logoProgressive August Earnings Decrease, Revenues Increase (NYSE:PGR)
finance.yahoo.com - September 16 at 6:33 PM
publicnow.com logoProgressive Reports August 2016 Results (NYSE:PGR)
www.publicnow.com - September 15 at 10:18 AM
realistinvestor.com logoResearch Analysts Set Progressive Corporation (The) (NYSE:PGR)'s Price Target At $31.666 - RealistInvestor.com (NYSE:PGR)
www.realistinvestor.com - September 13 at 11:39 AM
News IconAnalyst Research and Ratings: MasterCard Incorporated (NYSE:MA), Progressive Corp. (NYSE:PGR) - National Daily Press (NYSE:PGR)
www.nationaldailypress.com - September 13 at 11:39 AM
finance.yahoo.com logoProgressive® Commercial Lines Expands Health Awareness Program to Help Truck Drivers Lead Healthier Lives (NYSE:PGR)
finance.yahoo.com - September 12 at 11:23 AM
News IconStock Valuation Recap for Progressive Corp. (NYSE:PGR) - Post News (NYSE:PGR)
www.kentuckypostnews.com - September 10 at 10:59 AM
News IconFinancial Stocks Worth Chasing: Progressive Corp. (PGR ... - National Daily Press (NYSE:PGR)
www.nationaldailypress.com - September 10 at 10:59 AM
benzinga.com logoWilliam Blair Says Buy Auto Insurers, 'Bad News Is Good News' - Benzinga (NYSE:PGR)
www.benzinga.com - September 10 at 10:59 AM
feeds.benzinga.com logoWilliam Blair Says Buy Auto Insurers, 'Bad News Is Good News' (NYSE:PGR)
feeds.benzinga.com - September 9 at 3:48 PM
News IconUpdate on Progressive Corp. (NYSE:PGR) for the day (NYSE:PGR)
twincountynews.com - September 9 at 11:30 AM
News IconA simple way to profit from the InsurTech boom (NYSE:PGR)
dailyfintech.com - September 8 at 6:29 PM
publicnow.com logoPGR: PEREGRINE HOLDINGS LIMITED - TRP121: Notification of an acquisition of beneficial interest in shares (NYSE:PGR)
www.publicnow.com - September 8 at 6:29 PM
News IconRetreated Stocks in Focus: Genworth Financial, Inc. (NYSE:GNW), Progressive Corp. (NYSE:PGR) - Seneca Globe (NYSE:PGR)
www.senecaglobe.com - September 7 at 6:53 PM
News IconPay Close Attention To These Analyst Ratings CSX Corporation (NASDAQ:CSX), Progressive Corp (NYSE:PGR) - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - September 7 at 6:53 PM
News IconStock Seeing Accelerated Sales Growth Quarter over Quarter: Progressive Corp. (NYSE:PGR) - Post News (NYSE:PGR)
www.kentuckypostnews.com - September 6 at 6:53 PM
News IconShares Higher Over the Last Five Trading Sessions: Progressive Corp. (NYSE:PGR) - Post News (NYSE:PGR)
www.kentuckypostnews.com - September 6 at 11:32 AM
News IconExperts Analysis on Share Price: Progressive Corp (NYSE:PGR ... - Post Registrar (NYSE:PGR)
postregistrar.com - September 5 at 5:58 PM
News IconShare Valuation Review for Progressive Corp. (NYSE:PGR) - Post News (NYSE:PGR)
www.kentuckypostnews.com - September 2 at 6:41 PM
News IconIs Progressive Corp.(NYSE: PGR), a large market cap stock a smart buy? - The Daily Leicester (NYSE:PGR)
thedailyleicester.com - September 2 at 6:41 PM
4-traders.com logoProgressive : A.M. Best Assigns Rating to The Progressive Corporation's Recently Announced Senior Unsecured Notes (NYSE:PGR)
www.4-traders.com - August 31 at 11:52 AM
publicnow.com logoPGR: PEREGRINE HOLDINGS LIMITED - Dealings in securities by an associate of a director of the company (NYSE:PGR)
www.publicnow.com - August 31 at 11:52 AM
finance.yahoo.com logoProgressive's $500M Senior Notes Receive Rating Action (NYSE:PGR)
finance.yahoo.com - August 31 at 11:52 AM
finance.yahoo.com logoA.M. Best Assigns Rating to The Progressive Corporation’s Recently Announced Senior Unsecured Notes (NYSE:PGR)
finance.yahoo.com - August 30 at 6:42 PM
News IconAnalysts Valuations For Two Stocks: McKesson Corporation (NYSE:MCK), Progressive Corp (NYSE:PGR) - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - August 30 at 10:06 AM

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Progressive Corp. (NYSE:PGR) Chart for Wednesday, September, 28, 2016


Last Updated on 9/28/2016 by MarketBeat.com Staff