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DOW   30,937.04
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S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
pixel
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S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
pixel
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S&P 500   3,849.62
DOW   30,937.04
QQQ   328.59
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NYSE:PGR

The Progressive Stock Forecast, Price & News

$91.72
-0.70 (-0.76 %)
(As of 01/26/2021 12:00 AM ET)
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Today's Range
$91.14
Now: $91.72
$92.83
50-Day Range
$90.25
MA: $95.75
$98.88
52-Week Range
$62.18
Now: $91.72
$102.05
Volume2.33 million shs
Average Volume2.35 million shs
Market Capitalization$53.71 billion
P/E Ratio10.65
Dividend Yield4.98%
Beta0.45
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.
The Progressive logo

MarketRank

Overall MarketRank

1.89 out of 5 stars

Finance Sector

325th out of 1,936 stocks

Fire, Marine, & Casualty Insurance Industry

26th out of 90 stocks

Analyst Opinion: 2.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.02 billion
Cash Flow$7.08 per share
Book Value$22.54 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Market Cap$53.71 billion
Next Earnings Date1/27/2021 (Confirmed)
OptionableOptionable
$91.72
-0.70 (-0.76 %)
(As of 01/26/2021 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 Coronavirus?

The Progressive's stock was trading at $75.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PGR shares have increased by 22.1% and is now trading at $91.72.
View which stocks have been most impacted by COVID-19
.

Is The Progressive a buy right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Progressive in the last year. There are currently 3 sell ratings, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" The Progressive stock. 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 analyst ratings for The Progressive
or view MarketBeat's top 5 stock picks.

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 past winning trading ideas 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.

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

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

When is The Progressive's next earnings date?

The Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for The Progressive
.

How were The Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) issued its quarterly earnings data on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.74 by $0.10. The insurance provider earned $10.14 billion during the quarter, compared to analysts' expectations of $9.72 billion. The Progressive had a net margin of 12.13% and a trailing twelve-month return on equity of 28.89%. The company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 EPS.
View The Progressive's earnings history
.

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

The Progressive announced a quarterly dividend on Friday, December 4th. Shareholders of record on Friday, January 8th will be given a dividend of $0.10 per share on Friday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Thursday, January 7th.
View The Progressive's dividend history
.

Is The Progressive a good dividend stock?

The Progressive pays an annual dividend of $4.60 per share and currently has a dividend yield of 4.98%. PGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The Progressive does not yet have a strock track record of dividend growth. The dividend payout ratio of The Progressive is 68.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, The Progressive will have a dividend payout ratio of 83.33% in the coming year. This indicates that The Progressive may not be able to sustain their current dividend.
View The Progressive's dividend history.

What price target have analysts set for PGR?

15 analysts have issued 1-year price objectives for The Progressive's stock. Their forecasts range from $79.00 to $115.00. On average, they anticipate The Progressive's share price to reach $95.85 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts' price targets for The Progressive
or view Wall Street analyst' top-rated stocks.

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 57, Pay $5.04M)
  • Mr. John Peter Sauerland, VP & CFO (Age 57, Pay $2.38M)
  • Mr. John Andrew Barbagallo, Pres of Commercial Lines (Age 62, Pay $1.48M)
  • Mr. Patrick K. Callahan, Pres of Personal Lines (Age 51, Pay $1.85M)
  • Mr. Jonathan S. Bauer, Chief Investment Officer (Age 43)
  • Ms. Mariann Wojtkun Marshall, VP, Chief Accounting Officer & Assistant Sec. (Age 59)
  • Mr. Steven Anthony Broz, Chief Information Officer (Age 51)
  • Ms. Julia Hornack, Investor Relations Contact
  • Mr. Daniel Peter Mascaro, Chief Legal Officer & Sec. (Age 58)
  • Mr. M. Jeffrey Charney, Chief Marketing Officer (Age 62)

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 institutional and retail investors. Top institutional investors include Maj Invest Holding A S (0.70%), Confluence Investment Management LLC (0.24%), Scharf Investments LLC (0.20%), Congress Asset Management Co. MA (0.16%), Metropolis Capital Ltd (0.15%) and Villere ST Denis J & Co. LLC (0.14%). 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 Retirement Systems of Alabama, Artemis Investment Management LLP, Confluence Investment Management LLC, Strs Ohio, Fulton Breakefield Broenniman LLC, Scharf Investments LLC, New York State Teachers Retirement System, and Reinhart Partners Inc.. Company insiders that have sold The Progressive company stock in the last year include Andrew J Quigg, 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
or view top insider-selling stocks.

Which institutional investors are buying The Progressive stock?

PGR stock was acquired by a variety of institutional investors in the last quarter, including Maj Invest Holding A S, Pendal Group Limited, KAMES CAPITAL plc, Metropolis Capital Ltd, Denali Advisors LLC, Villere ST Denis J & Co. LLC, Salvus Wealth Management LLC, and Candriam Luxembourg S.C.A..
View insider buying and selling activity for The Progressive
or or view top insider-buying stocks.

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 WeBull, 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 $91.72.

How big of a company is The Progressive?

The Progressive has a market capitalization of $53.71 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 1/27/2021 by MarketBeat.com Staff

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