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NYSE:PGR

The Progressive Stock Forecast, Price & News

$88.43
-0.97 (-1.09 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$87.21
Now: $88.43
$89.47
50-Day Range
$88.63
MA: $94.93
$101.38
52-Week Range
$62.18
Now: $88.43
$102.05
Volume1.11 million shs
Average Volume3.05 million shs
Market Capitalization$51.78 billion
P/E Ratio10.27
Dividend Yield0.45%
Beta0.54
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. The company's Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides residential property insurance for homes, condos, manufactured homes, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; home, condominium, renters, and other insurance; and business owner's policies, general liability, professional liability, and workers' compensation insurance. In addition, it offers reinsurance services. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74331510
Phone440-461-5000
Employees41,571

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.02 billion
Cash Flow$6.77 per share
Book Value$30.90 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Market Cap$51.78 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$88.43
-0.97 (-1.09 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Progressive (NYSE:PGR) Frequently Asked Questions

How has The Progressive's stock been impacted by COVID-19 (Coronavirus)?

The Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PGR shares have increased by 17.7% and is now trading at $88.43.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of The Progressive?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Progressive in the last year. There are currently 2 sell ratings, 7 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The Progressive
.

What stocks does MarketBeat like better than The Progressive?

Wall Street analysts have given The Progressive a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Progressive wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is The Progressive's next earnings date?

The Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for The Progressive
.

How were The Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) announced its quarterly earnings data on Wednesday, October, 14th. The insurance provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.18. The insurance provider earned $10.41 billion during the quarter, compared to the consensus estimate of $10.55 billion. The Progressive had a net margin of 12.13% and a return on equity of 28.66%.
View The Progressive's earnings history
.

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

The Progressive declared a quarterly dividend on Friday, August 7th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Tuesday, October 6th.
View The Progressive's dividend history
.

What price target have analysts set for PGR?

14 analysts have issued 1 year target prices for The Progressive's stock. Their forecasts range from $72.00 to $115.00. On average, they expect The Progressive's stock price to reach $91.50 in the next year. This suggests a possible upside of 3.5% from the stock's current price.
View analysts' price targets for The Progressive
.

Are investors shorting The Progressive?

The Progressive saw a decrease in short interest in the month of October. As of October 30th, there was short interest totaling 4,730,000 shares, a decrease of 28.2% from the October 15th total of 6,590,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.8% of the company's stock are short sold.
View The Progressive's Short Interest
.

Who are some of The Progressive's key competitors?

What other stocks do shareholders of The Progressive own?

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

Who are The Progressive's key executives?

The Progressive's management team includes the following people:
  • Ms. Susan Patricia Griffith, Pres, CEO & Director (Age 56, Pay $5.04M)
  • Mr. John Peter Sauerland, VP & CFO (Age 56, Pay $2.38M)
  • Mr. John Andrew Barbagallo, Pres of Commercial Lines (Age 61, Pay $1.48M)
  • Mr. Patrick K. Callahan, Pres of Personal Lines (Age 50, Pay $1.85M)
  • Mr. Jonathan S. Bauer, Chief Investment Officer (Age 42)
  • Ms. Mariann Wojtkun Marshall, VP, Chief Accounting Officer & Assistant Sec. (Age 58)
  • Mr. Steven Anthony Broz, Chief Information Officer (Age 50)
  • Ms. Julia Hornack, Investor Relations Contact
  • Mr. Daniel Peter Mascaro, Chief Legal Officer & Sec. (Age 57)
  • Mr. M. Jeffrey Charney, Chief Marketing Officer (Age 61)

What is The Progressive's stock symbol?

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

Who are The Progressive's major shareholders?

The Progressive's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.60%), State Street Corp (4.31%), JPMorgan Chase & Co. (3.09%), UBS Asset Management Americas Inc. (0.86%), Boston Partners (0.77%) and Principal Financial Group Inc. (0.69%). Company insiders that own The Progressive stock include Andrew J Quigg, Barbara R Snyder, Dyke Kahina Van, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends for The Progressive
.

Which institutional investors are selling The Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Villere ST Denis J & Co. LLC, Neuberger Berman Group LLC, Ceredex Value Advisors LLC, Handelsbanken Fonder AB, Metropolis Capital Ltd, State Street Corp, Boston Partners, and Arrowstreet Capital Limited Partnership. Company insiders that have sold The Progressive company stock in the last year include Andrew J Quigg, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer, and Susan Patricia Griffith.
View insider buying and selling activity for The Progressive
.

Which institutional investors are buying The Progressive stock?

PGR stock was purchased by a variety of institutional investors in the last quarter, including Egerton Capital UK LLP, BlackRock Inc., JPMorgan Chase & Co., Abrams Bison Investments LLC, Morgan Stanley, BP PLC, Royal London Asset Management Ltd., and BNP Paribas Arbitrage SA.
View insider buying and selling activity for The Progressive
.

How do I buy shares of The 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 The Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $88.43.

How big of a company is The Progressive?

The Progressive has a market capitalization of $51.78 billion and generates $39.02 billion in revenue each year. The insurance provider earns $3.97 billion in net income (profit) each year or $6.72 on an earnings per share basis. The Progressive employs 41,571 workers across the globe.

What is The Progressive's official website?

The official website for The Progressive is www.progressive.com.

How can I contact The Progressive?

The 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.

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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