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NYSE:PGR

The Progressive Stock Forecast, Price & News

$93.84
-0.78 (-0.82 %)
(As of 10/26/2020 04:23 PM ET)
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Compare
Today's Range
$92.58
Now: $93.84▼
$94.51
50-Day Range
$91.19
MA: $95.34▼
$101.38
52-Week Range
$62.18
Now: $93.84▼
$102.05
Volume1.70 million shs
Average Volume3.10 million shs
Market Capitalization$54.93 billion
P/E Ratio10.90
Dividend Yield0.42%
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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The Progressive logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.2Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.62 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Current SymbolNYSE:PGR
Previous Symbol
CUSIP74331510
CIK80661
Webwww.progressive.com
Phone440-461-5000
Employees41,571

Debt

Debt-to-Equity Ratio0.30
Current Ratio0.51
Quick Ratio0.44

Price-To-Earnings

Trailing P/E Ratio10.90
Forward P/E Ratio13.05
P/E Growth2.11

Sales & Book Value

Annual Sales$39.02 billion
Price / Sales1.41
Cash Flow$7.18 per share
Price / Cash Flow13.07
Book Value$30.90 per share
Price / Book3.04

Profitability

EPS (Most Recent Fiscal Year)$6.72
Net Income$3.97 billion
Net Margins12.13%
Return on Equity28.66%
Return on Assets7.53%

Miscellaneous

Outstanding Shares585,397,000
Market Cap$54.93 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$93.84
-0.78 (-0.82 %)
(As of 10/26/2020 04:23 PM 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 price 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 24.9% and is now trading at $93.84.
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 1 sell rating, 8 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.

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 earnings results on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.10. The insurance provider had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $9.72 billion. The Progressive had a return on equity of 28.66% and a net margin of 12.13%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 earnings per share.
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 paid a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Tuesday, October 6th.
View The Progressive's dividend history.

What price target have analysts set for PGR?

14 Wall Street analysts have issued 12 month price targets for The Progressive's stock. Their forecasts range from $72.00 to $115.00. On average, they expect The Progressive's share price to reach $90.92 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
View analysts' price targets for The Progressive.

Who are some of The Progressive's key competitors?

Some companies that are related to The Progressive include Berkshire Hathaway (BRK.B), Travelers Companies (TRV), The Allstate (ALL), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), CNA Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), AXIS Capital (AXS) and The Hanover Insurance Group (THG).
View all 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), 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 many different retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.25%), Bristol John W & Co. Inc. NY (0.24%), Scharf Investments LLC (0.20%), Metropolis Capital Ltd (0.12%), Retirement Systems of Alabama (0.11%) and Chicago Capital LLC (0.10%). 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 Metropolis Capital Ltd, Scharf Investments LLC, Confluence Investment Management LLC, Reinhart Partners Inc., Ferguson Wellman Capital Management Inc., State of Alaska Department of Revenue, Pinnacle Associates Ltd., and Redpoint Investment Management Pty Ltd. 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 acquired by a variety of institutional investors in the last quarter, including James Investment Research Inc., Courant Investment Management LLC, Arthur M. Cohen & Associates LLC, Alberta Investment Management Corp, Deane Retirement Strategies Inc., Patton Fund Management Inc., Avantax Advisory Services Inc., and Carnegie Capital Asset Management LLC.
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 $93.84.

How big of a company is The Progressive?

The Progressive has a market capitalization of $54.93 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 10/26/2020 by MarketBeat.com Staff
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