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DOW   32,920.46
QQQ   290.27
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Without Graphite, There Would Be ZERO EV Batteries! (Ad)
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Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Buying The Dip In Colgate-Palmolive 
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S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
Without Graphite, There Would Be ZERO EV Batteries! (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 

Progressive - PGR Stock Forecast, Price & News

$135.40
+0.33 (+0.24%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$134.54
$136.09
50-Day Range
$125.92
$135.47
52-Week Range
$100.81
$136.37
Volume
2.55 million shs
Average Volume
1.94 million shs
Market Capitalization
$79.22 billion
P/E Ratio
114.75
Dividend Yield
0.30%
Price Target
$125.21

Progressive MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.5% Downside
$125.21 Price Target
Short Interest
Healthy
0.46% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.33
Upright™ Environmental Score
News Sentiment
0.08mentions of Progressive in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$8.82 M Sold Last Quarter
Proj. Earnings Growth
19.12%
From $6.80 to $8.10 Per Share

Overall MarketRank

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

2.65 out of 5 stars

Finance Sector

212th out of 897 stocks

Fire, Marine, & Casualty Insurance Industry

9th out of 49 stocks


PGR stock logo

About Progressive (NYSE:PGR) Stock

Progressive Corp. is an insurance holding company. engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937, and is headquartered in Mayfield Village, OH.

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PGR Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Progressive (NYSE:PGR) PT Raised to $116.00
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Progressive (NYSE:PGR) Upgraded to Buy by StockNews.com
Progressive (NYSE:PGR) Trading Up 2.8%
Progressive Reports December 2022 Results
Progressive (NYSE:PGR) Price Target Raised to $114.00
Progressive posts increased premium for November
See More Headlines
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PGR Company Calendar

Last Earnings
10/14/2021
Ex-Dividend for 1/13 Dividend
1/05/2023
Dividend Payable
1/13/2023
Today
1/31/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023

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
$125.21
High Stock Price Forecast
$155.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
-7.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
14 Analysts

Profitability

Net Income
$721.50 million
Pretax Margin
1.86%

Debt

Sales & Book Value

Annual Sales
$49.61 billion
Cash Flow
$4.51 per share
Book Value
$27.16 per share

Miscellaneous

Free Float
583,139,000
Market Cap
$79.22 billion
Optionable
Optionable
Beta
0.46

Social Links


Key Executives

  • Susan Patricia GriffithSusan Patricia Griffith
    President, Chief Executive Officer & Director
  • John P. SauerlandJohn P. Sauerland
    Chief Financial Officer & Vice President
  • Steven A. BrozSteven A. Broz
    Chief Information Officer
  • Daniel P. MascaroDaniel P. Mascaro
    Secretary, Chief Legal Officer & Vice President
  • Mariann Wojtkun MarshallMariann Wojtkun Marshall
    Chief Accounting Officer & Vice President













PGR Stock - Frequently Asked Questions

Should I buy or sell Progressive stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 4 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 2023?

14 Wall Street research analysts have issued 1-year price objectives for Progressive's stock. Their PGR share price forecasts range from $100.00 to $155.00. On average, they anticipate the company's share price to reach $125.21 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
View analysts price targets for PGR
or view top-rated stocks among Wall Street analysts.

How have PGR shares performed in 2023?

Progressive's stock was trading at $129.71 at the beginning of 2023. Since then, PGR stock has increased by 4.4% and is now trading at $135.40.
View the best growth stocks for 2023 here
.

Are investors shorting Progressive?

Progressive saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,680,000 shares, an increase of 18.1% from the December 31st total of 2,270,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the shares of the company are short sold.
View Progressive's Short Interest
.

When is Progressive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
View our PGR earnings forecast
.

How were Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) released its quarterly earnings data on Thursday, October, 14th. The insurance provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 15.57% and a net margin of 1.45%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 EPS.

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

Progressive announced a quarterly dividend on Wednesday, December 14th. Shareholders of record on Friday, January 6th will be paid a dividend of $0.10 per share on Friday, January 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, January 5th.
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 0.30%. The dividend payout ratio is 33.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGR will have a dividend payout ratio of 4.94% 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 stock repurchase program on Wednesday, May 18th 2022, which authorizes the company to repurchase 25,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign 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 number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.43%), Confluence Investment Management LLC (0.22%), New York State Common Retirement Fund (0.21%), Allspring Global Investments Holdings LLC (0.21%), Parnassus Investments LLC (0.18%) and Natixis Advisors L.P. (0.12%). 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 $135.40.

How much money does Progressive make?

Progressive (NYSE:PGR) has a market capitalization of $79.22 billion and generates $49.59 billion in revenue each year. The insurance provider earns $721.50 million in net income (profit) each year or $1.18 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
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 1/31/2023 by MarketBeat.com Staff