NYSE:PGR - Progressive Stock Price, News, & Analysis

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$62.03 +0.45 (+0.73 %)

(As of 01/15/2019 04:00 PM ET)

Previous Close$61.58

Today's Range$61.4488 - $62.20

52-Week Range$50.79 - $73.69

Volume1.75 million shs

Average Volume2.86 million shs

Market Capitalization$35.93 billion

P/E Ratio23.59

Dividend Yield1.82%

Beta0.76

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 primary liability, physical damage, and other auto-related 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 homeowners, other property owners, 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 general liability and business owner's policies, 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, and mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.

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Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryProperty & Casualty Insurance

SectorFinance

Current SymbolNYSE:PGR

Previous Symbol

CUSIP74331510

Webwww.progressive.com

Phone440-461-5000

Debt

Debt-to-Equity Ratio0.34

Current Ratio0.42

Quick Ratio0.42

Price-To-Earnings

Trailing P/E Ratio23.59

Forward P/E Ratio12.98

P/E Growth1.71

Sales & Book Value

Annual Sales$26.84 billion

Price / Sales1.35

Cash Flow$3.2157 per share

Price / Cash Flow19.29

Book Value$15.96 per share

Price / Book3.89

Profitability

EPS (Most Recent Fiscal Year)$2.63

Net Income$1.59 billion

Net Margins9.42%

Return on Equity27.45%

Return on Assets6.66%

Miscellaneous

Employees33,656

Outstanding Shares582,510,000

Market Cap$35.93 billion

OptionableOptionable

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 were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) issued its quarterly earnings results on Tuesday, October, 16th. The insurance provider reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.14 by $0.43. The insurance provider had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.43 billion. Progressive had a return on equity of 27.45% and a net margin of 9.42%. The business's revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. 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 23rd 2019. View Earnings Estimates for Progressive.

What price target have analysts set for PGR?

13 brokerages have issued 12 month price objectives for Progressive's stock. Their forecasts range from $45.00 to $85.00. On average, they anticipate Progressive's stock price to reach $71.8462 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Price Targets for Progressive.

What is the consensus analysts' recommendation for Progressive?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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. According to Zacks Investment Research, "Progressive strives to become a one-stop insurance destination catering to customers, opting for a combination of home and auto. 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 that lower the share count and boost the bottom line. Shares of Progressive have outperformed the industry year to date. However, the company’s growth could be challenged by an intense competition. Exposure to catastrophe events and escalating expenses remain headwinds. Though the company witnessed estimates for 2018 move down 0.2%, the Zacks Consensus Estimate for 2019 moved north 2.3%." (1/2/2019)
2. Wells Fargo & Co analysts commented, "We are seeing a slowing of rate increases in the personal auto sector and we believe others will join PGR in the push for growth. As PGR pushes for growth and less rate, and as favorable frequency trends reverse, we believe PGR should see some margin volatility and see the shares fairly valued at current levels $ 2017A 2018E 2019E EPS Curr. Curr." (8/15/2018)

Has Progressive been receiving favorable news coverage?

Media stories about PGR stock have trended somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Progressive earned a daily sentiment score of 1.9 on InfoTrie's scale. They also assigned news coverage about the insurance provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Who are some of Progressive's key competitors?

Some companies that are related to Progressive include Chubb (CB), American International Group (AIG), Tokio Marine (TKOMY), Travelers Companies (TRV), Allstate (ALL), Ms&Ad Insurance Group (MSADY), Hartford Financial Services Group (HIG), Loews (L), Markel (MKL), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Cincinnati Financial (CINF), Cna Financial (CNA), Arch Capital Group (ACGL), Alleghany (Y) and W. R. Berkley (WRB).

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. John Andrew Barbagallo, Pres of Commercial Lines (Age 60)
Mr. Jeffrey W. Basch, VP & Chief Accounting Officer (Age 61)

Who are Progressive's major shareholders?

Progressive's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.27%), Hexavest Inc. (0.18%), Retirement Systems of Alabama (0.11%), USS Investment Management Ltd (0.03%), Gulf International Bank UK Ltd (0.02%) and Contravisory Investment Management Inc. (0.02%). Company insiders that own Progressive stock include Jeffrey D Kelly, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Steven Broz, Susan Patricia Griffith and William M Cody. View Institutional Ownership Trends for Progressive.

Which major investors are selling Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, DNB Asset Management AS, Gulf International Bank UK Ltd, Steward Partners Investment Advisory LLC, Hennessy Advisors Inc., USS Investment Management Ltd, First Hawaiian Bank and Contravisory Investment Management Inc.. Company insiders that have sold Progressive company stock in the last year include Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, Steven Broz, Susan Patricia Griffith and William M Cody. View Insider Buying and Selling for Progressive.

Which major investors are buying Progressive stock?

PGR stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Retirement Systems of Alabama, Ipswich Investment Management Co. Inc., Polianta Ltd, TrimTabs Asset Management LLC, MPS Loria Financial Planners LLC, CHURCHILL MANAGEMENT Corp and Fox Run Management L.L.C.. 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, Scottrade, Fidelity and Charles Schwab.

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $62.03.

How big of a company is Progressive?

Progressive has a market capitalization of $35.93 billion and generates $26.84 billion in revenue each year. The insurance provider earns $1.59 billion in net income (profit) each year or $2.63 on an earnings per share basis. Progressive employs 33,656 workers across the globe.

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 ()
Outperform Votes:		393 (Vote Outperform)
Underperform Votes:		640 (Vote Underperform)
Total Votes:		1,033

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 1/15/2019 by MarketBeat.com Staff