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MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
2 Long-Term EV Plays Trading Under $20
Biden's Plan to Confiscate Your Cash? (Ad)
Are These 3 Video Game Stocks Now In Play?
Agilent Technologies Proves Its Worth VS Illumina 
Target’s Results Cap Upside Potential For Retail Stocks 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Egypt's central bank governor resigns as economic woes mount
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
2 Long-Term EV Plays Trading Under $20
Biden's Plan to Confiscate Your Cash? (Ad)
Are These 3 Video Game Stocks Now In Play?
Agilent Technologies Proves Its Worth VS Illumina 
Target’s Results Cap Upside Potential For Retail Stocks 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Egypt's central bank governor resigns as economic woes mount
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
2 Long-Term EV Plays Trading Under $20
Biden's Plan to Confiscate Your Cash? (Ad)
Are These 3 Video Game Stocks Now In Play?
Agilent Technologies Proves Its Worth VS Illumina 
Target’s Results Cap Upside Potential For Retail Stocks 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Egypt's central bank governor resigns as economic woes mount
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NYSE:PGR

Progressive - PGR Stock Forecast, Price & News

$127.06
+4.57 (+3.73%)
(As of 08/17/2022 12:00 AM ET)
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Compare
Today's Range
$122.13
$127.43
50-Day Range
$109.56
$127.06
52-Week Range
$89.35
$127.43
Volume
4.10 million shs
Average Volume
2.88 million shs
Market Capitalization
$74.32 billion
P/E Ratio
90.76
Dividend Yield
0.33%
Price Target
$114.00

Progressive MarketRank™ Forecast

Analyst Rating
Hold
1.93 Rating Score
Upside/​Downside
10.3% Downside
$114.00 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.33
Upright™ Environmental Score
News Sentiment
0.23mentions of Progressive in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$63,021 Sold Last Quarter
Proj. Earnings Growth
43.36%
From $4.52 to $6.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Finance Sector

310th out of 932 stocks

Fire, Marine, & Casualty Insurance Industry

16th out of 50 stocks

PGR stock logo

About Progressive (NYSE:PGR) Stock

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The 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 long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes 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; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products 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.

Progressive Trading Up 0.4 %

Shares of Progressive stock opened at $122.49 on Wednesday. The business has a 50 day moving average price of $115.45 and a 200 day moving average price of $112.55. The company has a market capitalization of $71.65 billion, a P/E ratio of 87.49, a P/E/G ratio of 1.55 and a beta of 0.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.40. Progressive has a 1 year low of $89.35 and a 1 year high of $122.77.

Progressive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, October 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. Progressive's dividend payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays raised their price objective on shares of Progressive from $88.00 to $90.00 and gave the stock an "underweight" rating in a research report on Thursday, May 19th. Morgan Stanley upped their price objective on Progressive from $115.00 to $121.00 and gave the company an "equal weight" rating in a research note on Monday, July 18th. MKM Partners boosted their target price on Progressive from $125.00 to $135.00 and gave the company a "buy" rating in a report on Monday, July 18th. Jefferies Financial Group increased their price target on Progressive from $106.00 to $125.00 and gave the stock a "hold" rating in a report on Tuesday, July 12th. Finally, Evercore ISI set a $129.00 price objective on shares of Progressive in a research report on Tuesday, July 19th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $114.00.

Insider Transactions at Progressive

In other Progressive news, insider Daniel P. Mascaro sold 558 shares of the business's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $112.94, for a total value of $63,020.52. Following the completion of the transaction, the insider now directly owns 38,887 shares in the company, valued at approximately $4,391,897.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company's stock.

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PGR Stock News Headlines

Progressive Reports July 2022 Results
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PGR Company Calendar

Last Earnings
10/14/2021
Ex-Dividend for 7/15 Dividend
7/06/2022
Dividend Payable
7/15/2022
Today
8/18/2022
Ex-Dividend for 10/14 Dividend
10/06/2022
Next Earnings (Estimated)
10/13/2022
Dividend Payable
10/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
74331510
Employees
49,000
Year Founded
1937

Price Target and Rating

Average Stock Price Forecast
$114.00
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
-10.3%
Consensus Rating
Hold
Rating Score (0-4)
1.93
Research Coverage
14 Analysts

Profitability

Net Income
$3.35 billion
Pretax Margin
2.30%

Debt

Sales & Book Value

Annual Sales
$47.70 billion
Cash Flow
$5.49 per share
Book Value
$25.92 per share

Miscellaneous

Free Float
582,985,000
Market Cap
$74.32 billion
Optionable
Optionable
Beta
0.45

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PGR Stock - Frequently Asked Questions

Should I buy or sell Progressive stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last twelve months. There are currently 4 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PGR shares. 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 PGR analyst ratings
or view top-rated stocks.

What is Progressive's stock price forecast for 2022?

14 brokerages have issued 12 month price targets for Progressive's stock. Their PGR share price forecasts range from $90.00 to $135.00. On average, they anticipate the company's share price to reach $114.00 in the next twelve months. This suggests that the stock has a possible downside of 10.3%.
View analysts price targets for PGR
or view top-rated stocks among Wall Street analysts.

How have PGR shares performed in 2022?

Progressive's stock was trading at $102.65 at the beginning of 2022. Since then, PGR stock has increased by 23.8% and is now trading at $127.06.
View the best growth stocks for 2022 here
.

When is Progressive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our PGR earnings forecast
.

How were Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) issued its earnings results on Thursday, October, 14th. The insurance provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.22 by $0.08. The insurance provider earned $12.47 billion during the quarter, compared to analyst estimates of $12.33 billion. Progressive had a trailing twelve-month return on equity of 11.52% and a net margin of 1.79%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.59 earnings per share.

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

Progressive announced a quarterly dividend on Tuesday, August 9th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.10 per share on Friday, October 14th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for PGR
.

Is Progressive a good dividend stock?

Progressive (NYSE:PGR) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.33%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGR will have a dividend payout ratio of 6.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGR.

How will Progressive's stock buyback program work?

Progressive declared that its board has approved a share repurchase plan on Wednesday, May 18th 2022, which permits the company to repurchase 25,000,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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

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

What other stocks do shareholders of Progressive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Cisco Systems (CSCO), 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).

What is Progressive's stock symbol?

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

Who are Progressive's major shareholders?

Progressive's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.25%), Massachusetts Financial Services Co. MA (2.71%), Price T Rowe Associates Inc. MD (1.91%), Artisan Partners Limited Partnership (1.67%), FMR LLC (1.51%) and Principal Financial Group Inc. (1.21%). Insiders that own company stock include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, Jeffrey D Kelly, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Roger N Farah, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends
.

How do I buy shares of Progressive?

Shares of PGR stock 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.
Compare Top Brokerages Here.

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $127.06.

How much money does Progressive make?

Progressive (NYSE:PGR) has a market capitalization of $74.32 billion and generates $47.70 billion in revenue each year. The insurance provider earns $3.35 billion in net income (profit) each year or $1.40 on an earnings per share basis.

How many employees does Progressive have?

The company employs 49,000 workers across the globe.

Does Progressive have any subsidiaries?
The following companies are subsidiares of Progressive: 358 Ventures Inc., ARX Holding Corp., ASI Assurance Corp., ASI Home Insurance Corp., ASI Lloyds Inc., ASI Preferred Insurance Corp., ASI Select Auto Insurance Corp., ASI Select Insurance Corp., ASI Underwriters Corp., ASI Underwriters of Texas Inc., American Strategic Insurance Corp, American Strategic Insurance Corp., Ark Royal Underwriters LLC, Artisan and Truckers Casualty Company, B&L Brokerage Services Inc., B&L Insurance Ltd., B&L Management Inc., Blue Hill Specialty Insurance Company Inc., Drive Insurance Holdings Inc., Drive New Jersey Insurance Company, Gadsden AL LLC, Garden Sun Insurance Services Inc., Mountain Laurel Assurance Company, National Continental Insurance Company, PC Investment Company, Pacific Motor Club, Progny Agency Inc., Progressive Adjusting Company Inc., Progressive Advanced Insurance Company, Progressive Advantage Agency Inc., Progressive American Insurance Company, Progressive Auto Pro Insurance Agency Inc., Progressive Bayside Insurance Company, Progressive Capital Management Corp., Progressive Casualty Insurance Company, Progressive Choice Insurance Company, Progressive Classic Insurance Company, Progressive Commercial Advantage Agency Inc., Progressive Commercial Casualty Company, Progressive Commercial Holdings Inc., Progressive Direct Holdings Inc., Progressive Direct Insurance Company, Progressive Express Insurance Company, Progressive Freedom Insurance Company, Progressive Garden State Insurance Company, Progressive Gulf Insurance Company, Progressive Hawaii Insurance Corp., Progressive Innovation Co., Progressive Investment Company Inc., Progressive Life Insurance Company, Progressive Marathon Insurance Company, Progressive Max Insurance Company, Progressive Michigan Insurance Company, Progressive Mountain Insurance Company, Progressive Northern Insurance Company, Progressive Northwestern Insurance Company, Progressive Paloverde Insurance Company, Progressive Preferred Insurance Company, Progressive Premier Insurance Company of Illinois, Progressive Premium Budget Inc., Progressive Property Insurance Company, Progressive RSC Inc., Progressive Security Insurance Company, Progressive Select Insurance Company, Progressive Southeastern Insurance Company, Progressive Specialty Insurance Company, Progressive Universal Insurance Company, Progressive Vehicle Service Company, Progressive West Insurance Company, PropertyPlus Insurance Agency Inc., Protective Insurance, Protective Insurance Company, Protective Insurance Corporation, Protective Specialty Insurance Company, Sagamore Insurance Company, Sunshine Security Insurance Agency Inc., Transport Specialty Insurance Agency Inc., Trussville/Cahaba AL LLC, United Financial Casualty Company, Village Transport Corp., and Wilson Mills Land Co..
Read More
When was Progressive founded?

Progressive was founded in 1937.

How can I contact Progressive?

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The official website for the company is www.progressive.com. The insurance provider can be reached via phone at (440) 461-5000 or via fax at 440-446-7436.

This page (NYSE:PGR) was last updated on 8/18/2022 by MarketBeat.com Staff

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