Free Trial

Progressive (PGR) Stock Price, News & Analysis

$206.98
-2.24 (-1.07%)
(As of 05/20/2024 ET)
Today's Range
$206.90
$209.51
50-Day Range
$198.94
$215.90
52-Week Range
$111.41
$217.77
Volume
2.17 million shs
Average Volume
2.44 million shs
Market Capitalization
$121.23 billion
P/E Ratio
21.19
Dividend Yield
0.19%
Price Target
$215.19

Progressive MarketRank™ Stock Analysis

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
4.0% Upside
$215.19 Price Target
Short Interest
Healthy
0.75% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.33
Upright™ Environmental Score
News Sentiment
0.66mentions of Progressive in the last 14 days
Based on 45 Articles This Week
Insider Trading
Selling Shares
$8.98 M Sold Last Quarter
Proj. Earnings Growth
4.60%
From $11.53 to $12.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Finance Sector

183rd out of 852 stocks

Fire, Marine, & Casualty Insurance Industry

15th out of 52 stocks

PGR stock logo

About Progressive Stock (NYSE:PGR)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, and pick-up trucks used by small businesses, as well as non-fleet taxis, black-car services, and airport taxis; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks used by light contractors and heavy constructions; log trucks and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; acts as an agent to homeowners, general liability, workers' compensation insurance, and other products; and reinsurance services. It sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

PGR Stock Price History

PGR Stock News Headlines

Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States
Nervous about falling behind the GOP, Democrats are wrestling with how to use AI
The Biden campaign and top Democrats are wrestling with how best to use artificial intelligence, exposing the party’s anxiety over falling behind Republicans in the race to deploy technology that could transform the future of elections
Surging auto insurance rates squeeze drivers, fuel inflation
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation
Beyond The Numbers: 20 Analysts Discuss Progressive Stock
Progressive (PGR) Receives a Hold from KBW
Progressive Reports April 2024 Results
See More Headlines
Receive PGR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Progressive and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/12 Dividend
4/03/2024
Last Earnings
4/12/2024
Dividend Payable
4/12/2024
Today
5/20/2024
Ex-Dividend for 7/12 Dividend
7/03/2024
Next Earnings (Estimated)
7/11/2024
Dividend Payable
7/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
74331510
Employees
61,400
Year Founded
1937

Price Target and Rating

Average Stock Price Target
$215.19
High Stock Price Target
$286.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
17 Analysts

Profitability

Net Income
$3.90 billion
Pretax Margin
11.21%

Debt

Sales & Book Value

Annual Sales
$62.11 billion
Cash Flow
$6.70 per share
Book Value
$33.81 per share

Miscellaneous

Free Float
583,707,000
Market Cap
$121.23 billion
Optionable
Optionable
Beta
0.34

Social Links

(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

PGR Stock Analysis - Frequently Asked Questions

Should I buy or sell Progressive stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 1 sell rating, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGR, but not buy additional shares or sell existing shares.
View PGR analyst ratings
or view top-rated stocks.

What is Progressive's stock price target for 2024?

17 Wall Street analysts have issued 12 month target prices for Progressive's stock. Their PGR share price targets range from $112.00 to $286.00. On average, they predict the company's stock price to reach $215.19 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for PGR
or view top-rated stocks among Wall Street analysts.

How have PGR shares performed in 2024?

Progressive's stock was trading at $159.28 at the beginning of 2024. Since then, PGR shares have increased by 29.9% and is now trading at $206.98.
View the best growth stocks for 2024 here
.

When is Progressive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our PGR earnings forecast
.

How were Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) announced its earnings results on Friday, April, 12th. The insurance provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.74. The insurance provider earned $18.96 billion during the quarter, compared to the consensus estimate of $16.88 billion. Progressive had a trailing twelve-month return on equity of 29.43% and a net margin of 8.89%. The firm's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share.

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

Progressive declared a quarterly dividend on Friday, May 10th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.10 per share on Friday, July 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Wednesday, July 3rd.
Read our dividend analysis for PGR
.

Is Progressive a good dividend stock?

Progressive (NYSE:PGR) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.19%. The dividend payout ratio is 4.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGR will have a dividend payout ratio of 3.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGR.

What is Tricia Griffith's approval rating as Progressive's CEO?

985 employees have rated Progressive Chief Executive Officer Tricia Griffith on Glassdoor.com. Tricia Griffith has an approval rating of 93% among the company's employees. This puts Tricia Griffith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Progressive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Intel (INTC), Home Depot (HD), AT&T (T), UnitedHealth Group (UNH), Mastercard (MA), Pfizer (PFE) and Alibaba Group (BABA).

Who are Progressive's major shareholders?

Progressive's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.84%), Janus Henderson Group PLC (1.49%), Principal Financial Group Inc. (1.20%), Capital World Investors (1.17%), Price T Rowe Associates Inc. MD (1.14%) and Bank of New York Mellon Corp (0.97%). Insiders that own company stock include Andrew J Quigg, Barbara R Snyder, Daniel P Mascaro, Devin C Johnson, Dyke Kahina Van, Jeffrey D Kelly, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Philip Bleser, Roger N Farah, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
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.
Compare Top Brokerages Here.

Does Progressive have any subsidiaries?
The following companies are subsidiares of Progressive: 358 Ventures Inc., ARX Holding Corp., ASI Assurance Corp., ASI Home Insurance Corp., ASI Lloyds Inc., ASI Preferred Insurance Corp., ASI Select Auto Insurance Corp., ASI Select Insurance Corp., ASI Underwriters Corp., ASI Underwriters of Texas Inc., American Strategic Insurance Corp, American Strategic Insurance Corp., Ark Royal Underwriters LLC, Artisan and Truckers Casualty Company, B&L Brokerage Services Inc., B&L Insurance Ltd., B&L Management Inc., Blue Hill Specialty Insurance Company Inc., Drive Insurance Holdings Inc., Drive New Jersey Insurance Company, Gadsden AL LLC, Garden Sun Insurance Services Inc., Mountain Laurel Assurance Company, National Continental Insurance Company, PC Investment Company, Pacific Motor Club, Progny Agency Inc., Progressive Adjusting Company Inc., Progressive Advanced Insurance Company, Progressive Advantage Agency Inc., Progressive American Insurance Company, Progressive Auto Pro Insurance Agency Inc., Progressive Bayside Insurance Company, Progressive Capital Management Corp., Progressive Casualty Insurance Company, Progressive Choice Insurance Company, Progressive Classic Insurance Company, Progressive Commercial Advantage Agency Inc., Progressive Commercial Casualty Company, Progressive Commercial Holdings Inc., Progressive Direct Holdings Inc., Progressive Direct Insurance Company, Progressive Express Insurance Company, Progressive Freedom Insurance Company, Progressive Garden State Insurance Company, Progressive Gulf Insurance Company, Progressive Hawaii Insurance Corp., Progressive Innovation Co., Progressive Investment Company Inc., Progressive Life Insurance Company, Progressive Marathon Insurance Company, Progressive Max Insurance Company, Progressive Michigan Insurance Company, Progressive Mountain Insurance Company, Progressive Northern Insurance Company, Progressive Northwestern Insurance Company, Progressive Paloverde Insurance Company, Progressive Preferred Insurance Company, Progressive Premier Insurance Company of Illinois, Progressive Premium Budget Inc., Progressive Property Insurance Company, Progressive RSC Inc., Progressive Security Insurance Company, Progressive Select Insurance Company, Progressive Southeastern Insurance Company, Progressive Specialty Insurance Company, Progressive Universal Insurance Company, Progressive Vehicle Service Company, Progressive West Insurance Company, PropertyPlus Insurance Agency Inc., Protective Insurance, Protective Insurance Company, Protective Insurance Corporation, Protective Specialty Insurance Company, Sagamore Insurance Company, Sunshine Security Insurance Agency Inc., Transport Specialty Insurance Agency Inc., Trussville/Cahaba AL LLC, United Financial Casualty Company, Village Transport Corp., and Wilson Mills Land Co..
Read More
This page (NYSE:PGR) was last updated on 5/21/2024 by MarketBeat.com Staff

From Our Partners