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: $32.54
  • 50 Day Moving Average: $33.12
  • 200 Day Moving Average: $33.09
  • Trailing P/E Ratio: 18.08
  • Foreward P/E Ratio: 15.57
  • P/E Growth: 2.10
  • Market Cap: $18.94B
  • Outstanding Shares: 581,915,000
  • Beta: 0.74
Additional Links:
Companies Related to Progressive Corp.:

Analyst Ratings

Consensus Ratings for Progressive Corp. (NYSE:PGR) (?)
Ratings Breakdown: 5 Sell Ratings, 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 1.85)
Consensus Price Target: $31.17 (4.22% downside)

Analysts' Ratings History for Progressive Corp. (NYSE:PGR)
Show:
DateFirmActionRatingPrice TargetDetails
8/23/2016Credit Suisse Group AGSet Price TargetSell$28.00View 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
3/17/2016Deutsche Bank AGBoost Price TargetSell$28.00 -> $29.00View Rating Details
3/17/2016Goldman Sachs Group Inc.Boost Price TargetSell$28.00 -> $29.00View Rating Details
1/27/2016William BlairReiterated RatingOutperformView 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
10/19/2015Keefe, Bruyette & WoodsReiterated RatingSell$25.00 -> $27.00View 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 8/30/2014 forward)

Earnings

Earnings History for Progressive Corp. (NYSE:PGR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
9/15/2016        
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: $1.66 EPS
Next Year EPS Consensus Estimate: $2.09 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$0.34$0.57$0.47
Q4 20163$0.52$0.60$0.56
Q1 20173$0.52$0.61$0.55
Q2 20173$0.43$0.58$0.51
Q3 20173$0.39$0.62$0.52
Q4 20173$0.58$0.72$0.64
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Progressive Corp. (NYSE:PGR)
Annual Dividend:$0.89
Dividend Yield:2.74%
Payout Ratio:49.44% (Based on Trailing 12 Months of Earnings)
53.61% (Based on Current Year Consensus EPS Estimate)
42.58% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:19.00% (3 Year Average)

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)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 IconDon't trash trade; it works for us - Philly.com (NYSE:PGR)
www.philly.com - August 28 at 10:22 AM
News IconAnalysts Valuations For Two Stocks: Progressive Corp (NYSE:PGR), Time Warner Inc (NYSE:TWX) - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - August 26 at 6:33 PM
News IconProgressive Corp. (NYSE:PGR) Upcoming Earnings: What matter for investors? - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - August 26 at 6:33 PM
publicnow.com logoPGR: PEREGRINE HOLDINGS LIMITED - No Change Statement And Notice Of Annual General Meeting (NYSE:PGR)
www.publicnow.com - August 26 at 6:33 PM
News IconLeading stocks in today's market: Progressive Corp. (NYSE:PGR) - Twin County News (NYSE:PGR)
twincountynews.com - August 26 at 9:46 AM
publicnow.com logoPGR: PEREGRINE HOLDINGS LIMITED - Dealing in securities by an associate of a director of the company (NYSE:PGR)
www.publicnow.com - August 25 at 11:56 AM
biz.yahoo.com logoPROGRESSIVE CORP/OH/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:PGR)
biz.yahoo.com - August 25 at 11:56 AM
News IconProgressive Corp. (NYSE:PGR) from Property & Casualty Insurance – Todays Top Gains (NYSE:PGR)
twincountynews.com - August 24 at 6:35 PM
forbes.com logoProgressive is Oversold (NYSE:PGR)
www.forbes.com - August 24 at 12:37 PM
istreetwire.com logoEye Catching Stocks: NetApp, Inc. (NTAP), Progressive Corp. (PGR), MGIC Investment Corp. (MTG) - iStreetWire (NYSE:PGR)
istreetwire.com - August 24 at 9:52 AM
nasdaq.com logoProgressive Breaks Below 200-Day Moving Average - Notable for PGR (NYSE:PGR)
www.nasdaq.com - August 23 at 6:56 PM
4-traders.com logoProgressive : Todays Top Gainers in the Market Progressive Corp. from Financial (NYSE:PGR)
www.4-traders.com - August 23 at 6:56 PM
finance.yahoo.com logoProgressive Announces Public Offering of $500 Million of Senior Notes (NYSE:PGR)
finance.yahoo.com - August 22 at 6:46 PM
feeds.reuters.com logoBRIEF-Progressive Corp announces public offering of $500 mln of senior notes (NYSE:PGR)
feeds.reuters.com - August 22 at 6:17 PM
feeds.reuters.com logoBRIEF-Progressive files for debt shelf of up to $500 mln (NYSE:PGR)
feeds.reuters.com - August 22 at 9:10 AM
News IconStock Tracking Lower for the Quarter: Progressive Corp. (NYSE:PGR) - Post News (NYSE:PGR)
www.kentuckypostnews.com - August 20 at 10:50 AM
istreetwire.com logoTraders Watch list: Progressive Corp. (PGR), Skechers U.S.A., Inc. (SKX), General Growth Properties, Inc (GGP) - iStreetWire (NYSE:PGR)
istreetwire.com - August 19 at 9:49 AM
News IconJ C Penney Company (NYSE:JCP) & Progressive Corp (NYSE:PGR) Are Stocks to Keep Your Eyes on (NYSE:PGR)
www.newsismoney.com - August 18 at 6:59 PM
istreetwire.com logo3 Stocks to Watch For: Progressive Corp. (PGR), Express Inc. (EXPR), Allison Transmission Holdings, Inc. (ALSN) - iStreetWire (NYSE:PGR)
istreetwire.com - August 18 at 9:51 AM
News IconJ C Penney Company (NYSE:JCP) & Progressive Corp (NYSE:PGR) Are Stocks to Keep Your Eyes on - Money News (press release) (NYSE:PGR)
www.newsismoney.com - August 18 at 9:51 AM
News IconTop Gainers of the Day: Progressive Corp. (NYSE:PGR) from Property & Casualty Insurance (NYSE:PGR)
twincountynews.com - August 17 at 9:50 AM
4-traders.com logoProgressive : Private Ocean Exits Position in Progressive Corp (PGR) (NYSE:PGR)
www.4-traders.com - August 17 at 9:50 AM
News IconAnalysts Valuations For Two Stocks: Progressive Corp (NYSE:PGR ... - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - August 15 at 7:09 PM
News IconToday's Top Gainers in the Market Progressive Corp. (NYSE:PGR) from Financial - The Daily Leicester (NYSE:PGR)
thedailyleicester.com - August 14 at 11:16 AM
biz.yahoo.com logoPROGRESSIVE CORP/OH/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:PGR)
biz.yahoo.com - August 12 at 9:59 AM
fool.com logoProgressive Writes More Business but Sees Profits Fall (NYSE:PGR)
www.fool.com - August 11 at 1:33 PM
finance.yahoo.com logoPROGRESSIVE CORP/OH/ Financials (NYSE:PGR)
finance.yahoo.com - August 10 at 7:16 PM
News IconAnalyst's Report Preview: Progressive Corp (NYSE:PGR) - The Voice Registrar (NYSE:PGR)
voiceregistrar.com - August 9 at 7:04 PM
News IconIs Progressive Corp. (NYSE:PGR), a large market cap stock a smart buy? (NYSE:PGR)
twincountynews.com - August 8 at 7:03 PM
barrons.com logoBerkshire Hathaway a Buy Amid Solid Earnings - Barron's (NYSE:PGR)
www.barrons.com - August 8 at 7:03 PM
News IconLeading stocks in today’s market: Progressive Corp. (NYSE:PGR) (NYSE:PGR)
twincountynews.com - August 6 at 9:36 AM
fortune.com logoProgressive Corp. (NYSE:PGR) at $33.51: How much higher it can go - Review Fortune (NYSE:PGR)
reviewfortune.com - August 5 at 7:01 PM
capitalcube.com logoETF’s with exposure to Progressive Corp. : August 5, 2016 (NYSE:PGR)
www.capitalcube.com - August 5 at 7:01 PM
equities.com logoProgressive Corporation (The) (PGR) is Trading Higher on Unusual Volume for August 03 - Equities.com (NYSE:PGR)
www.equities.com - August 5 at 9:52 AM
streetreport.co logoProgressive Corp (NYSE:PGR) nearing 52-week high, short interest decreasing - Street Report (NYSE:PGR)
www.streetreport.co - August 5 at 9:52 AM
News IconProgressive Corp (NYSE:PGR) & American Express Company (NYSE:AXP) Stocks to Watch - Money News (press release) (NYSE:PGR)
www.newsismoney.com - August 5 at 9:52 AM
finance.yahoo.com logoEdited Transcript of PGR earnings conference call or presentation 4-Aug-16 5:00pm GMT (NYSE:PGR)
finance.yahoo.com - August 5 at 9:52 AM
News IconUpdate on Progressive Corp. (NYSE:PGR) for the day (NYSE:PGR)
twincountynews.com - August 4 at 7:17 PM
biz.yahoo.com logoProgressive Corp Earnings Call scheduled for 1:00 pm ET today (NYSE:PGR)
biz.yahoo.com - August 4 at 7:17 PM
finance.yahoo.com logoWith growth in 2015, Progressive® Insurance becomes #1 U.S. Commercial Auto Insurer (NYSE:PGR)
finance.yahoo.com - August 4 at 10:00 AM
capitalcube.com logoProgressive Corp. breached its 50 day moving average in a Bullish Manner : PGR-US : August 4, 2016 (NYSE:PGR)
www.capitalcube.com - August 4 at 10:00 AM
nasdaq.com logoProgressive (PGR) Shares Cross Below 200 DMA (NYSE:PGR)
www.nasdaq.com - August 3 at 7:11 PM
biz.yahoo.com logoPROGRESSIVE CORP/OH/ Files SEC form 10-Q, Quarterly Report (NYSE:PGR)
biz.yahoo.com - August 3 at 7:11 PM
biz.yahoo.com logoQ2 2016 Progressive Corp Earnings Release - Before Market Open (NYSE:PGR)
biz.yahoo.com - August 3 at 10:04 AM
tradecalls.org logoSpeece Thorson Capital Group Inc buys $12921369 stake in Progressive Corp (PGR) - Trade Calls (NYSE:PGR)
www.tradecalls.org - August 2 at 7:09 PM
istreetwire.com logoTraders Recap: Progressive Corp. (PGR), First Solar, Inc. (FSLR), Yum! Brands, Inc. (YUM) (NYSE:PGR)
istreetwire.com - August 2 at 11:47 AM
News IconProgressive Corp. (NYSE:PGR) – Top Stock from Financial Sector - The Daily Leicester (NYSE:PGR)
thedailyleicester.com - July 28 at 7:02 PM
forbes.com logoThe Good And The Ugly: Insurance Advertising (NYSE:PGR)
www.forbes.com - July 28 at 2:54 PM
forbes.com logoHBO's Take On Summer Olympics Shows Cruelty Of "Progressive" Politics (NYSE:PGR)
www.forbes.com - July 28 at 8:57 AM
seekingalpha.com logoProgressive And The Rising Cost Of Auto Insurance (NYSE:PGR)
seekingalpha.com - July 27 at 7:11 PM

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Progressive Corp. (NYSE:PGR) Chart for Tuesday, August, 30, 2016


Last Updated on 8/30/2016 by MarketBeat.com Staff