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Progressive Stock Price, Forecast & Analysis (NYSE:PGR)

$70.73
-0.83 (-1.16 %)
(As of 11/20/2019 12:53 PM ET)
Today's Range
$70.41
Now: $70.73
$71.53
50-Day Range
$67.99
MA: $72.38
$77.35
52-Week Range
$56.71
Now: $70.73
$84.96
Volume1.03 million shs
Average Volume3.73 million shs
Market Capitalization$41.35 billion
P/E Ratio16.00
Dividend Yield0.55%
Beta0.65
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, and snowmobiles. Read More…

Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74331510
Phone440-461-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$31.98 billion
Cash Flow$4.81 per share
Book Value$17.73 per share

Profitability

Net Income$2.62 billion

Miscellaneous

Employees37,346
Market Cap$41.35 billion
Next Earnings Date1/22/2020 (Estimated)
OptionableOptionable

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Progressive (NYSE:PGR) Frequently Asked Questions

What is Progressive's stock symbol?

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

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

Progressive declared a quarterly dividend on Friday, August 2nd. Stockholders of record on Monday, October 7th will be given a dividend of $0.10 per share on Tuesday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, October 4th. View Progressive's Dividend History.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) posted its quarterly earnings data on Wednesday, November, 13th. The insurance provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.03. Progressive had a return on equity of 26.09% and a net margin of 8.69%. View Progressive's Earnings History.

When is Progressive's next earnings date?

Progressive is scheduled to release their next quarterly earnings announcement on Wednesday, January 22nd 2020. View Earnings Estimates for Progressive.

What price target have analysts set for PGR?

11 brokerages have issued 12-month price objectives for Progressive's stock. Their forecasts range from $59.00 to $96.00. On average, they expect Progressive's stock price to reach $82.36 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Progressive.

What is the consensus analysts' recommendation for Progressive?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Progressive.

What are Wall Street analysts saying about Progressive stock?

Here are some recent quotes from research analysts about Progressive stock:
  • 1. Wells Fargo & Co analysts commented, "We are increasing our 2019 EPS estimate to $5.50 from $5.45 to reflect the earnings beat, partially offset by lower premium growth. We are lowering our 2020 EPS estimate to $5.70 from $5.75 and we are maintaining our 2021 EPS estimate of $6.10. Our price target is unchanged at $81. The shares traded down today likely as the slowdown in premium written more than overshadowed the EPS beat." (8/15/2019)
  • 2. According to Zacks Investment Research, "Shares of Progressive have outperformed the industry year to date. Focus to become a one-stop insurance destination catering to customers opting for a combination of home and auto insurance bodes well for long-term growth. Leadership in product, service and distribution innovation, especially in personal auto bodes well for long term growth. Policies in force and retention ratio will continue to remain healthy. The company’s Snapshot, Robinson and Home Quote Explorer programs should continue to drive its business. It focuses on paying back its shareholders via dividends as well as share repurchases. However, the company’s growth could be challenged by intense competition. Exposure to catastrophe events induces volatility to its underwriting results while escalating expenses weighing on margin expansion remain headwinds." (5/27/2019)

Has Progressive been receiving favorable news coverage?

News coverage about PGR stock has been trending extremely negative recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Progressive earned a news impact score of -5.0 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Progressive.

Are investors shorting Progressive?

Progressive saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 5,410,000 shares, a decline of 15.5% from the September 30th total of 6,400,000 shares. Based on an average daily volume of 3,360,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the shares of the company are short sold. View Progressive's Current Options Chain.

Who are some of Progressive's key competitors?

What other stocks do shareholders of Progressive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Mastercard (MA), Cisco Systems (CSCO), Paypal (PYPL), UnitedHealth Group (UNH), NVIDIA (NVDA), Alibaba Group (BABA), Procter & Gamble (PG), CVS Health (CVS), AT&T (T) and Home Depot (HD).

Who are Progressive's key executives?

Progressive's management team includes the folowing people:
  • Ms. Susan Patricia Griffith, Pres, CEO & Director (Age 55)
  • Mr. John Peter Sauerland, VP & CFO (Age 55)
  • Mr. William M. Cody, Chief Investment Officer (Age 57)
  • Mr. M. Jeffrey Charney, Chief Marketing Officer (Age 60)
  • Mr. John Andrew Barbagallo, Pres of Commercial Lines (Age 60)

Who are Progressive's major shareholders?

Progressive's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.82%), TimesSquare Capital Management LLC (0.53%), Sumitomo Mitsui Trust Holdings Inc. (0.52%), Confluence Investment Management LLC (0.25%), Bristol John W & Co. Inc. NY (0.24%) and Villere ST Denis J & Co. LLC (0.24%). Company insiders that own Progressive stock include Barbara R Snyder, Dyke Kahina Van, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Susan Patricia Griffith and William M Cody. View Institutional Ownership Trends for Progressive.

Which institutional investors are selling Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Teacher Retirement System of Texas, TimesSquare Capital Management LLC, Carillon Tower Advisers Inc., Westwood Management Corp IL, Retirement Systems of Alabama, Atalanta Sosnoff Capital LLC and British Airways Pensions Investment Management Ltd. Company insiders that have sold Progressive company stock in the last year include Dyke Kahina Van, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz and Susan Patricia Griffith. View Insider Buying and Selling for Progressive.

Which institutional investors are buying Progressive stock?

PGR stock was acquired by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, SG Americas Securities LLC, State of New Jersey Common Pension Fund D, Artemis Investment Management LLP, Fulton Breakefield Broenniman LLC, First Trust Advisors LP, Rhumbline Advisers and Parnassus Investments CA. View Insider Buying and Selling for Progressive.

How do I buy shares of Progressive?

Shares of PGR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $70.56.

How big of a company is Progressive?

Progressive has a market capitalization of $41.25 billion and generates $31.98 billion in revenue each year. The insurance provider earns $2.62 billion in net income (profit) each year or $4.42 on an earnings per share basis. Progressive employs 37,346 workers across the globe.View Additional Information About Progressive.

What is Progressive's official website?

The official website for Progressive is http://www.progressive.com/.

How can I contact Progressive?

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The insurance provider can be reached via phone at 440-461-5000.


MarketBeat Community Rating for Progressive (NYSE PGR)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  448 (Vote Outperform)
Underperform Votes:  701 (Vote Underperform)
Total Votes:  1,149
MarketBeat's community ratings are surveys of what our community members think about Progressive and other stocks. Vote "Outperform" if you believe PGR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PGR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/20/2019 by MarketBeat.com Staff

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