NYSE:PGR - Progressive Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Progressive Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $83.40 -0.37 (-0.44 %) (As of 02/18/2020 04:00 PM ET) Add Compare Today's Range$83.01Now: $83.40▼$84.2050-Day Range$72.32MA: $77.99▼$83.8652-Week Range$67.94Now: $83.40▼$84.96Volume2.72 million shsAverage Volume3.21 million shsMarket Capitalization$48.76 billionP/E Ratio12.41Dividend Yield0.48%Beta0.6 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Read More… Industry, Sector and Symbol Stock Exchange NYSE Industry Fire, marine, & casualty insurance Sub-IndustryProperty & Casualty Insurance SectorFinance Current SymbolNYSE:PGR Previous Symbol CUSIP74331510 CIK80661 Webhttp://www.progressive.com/ Phone440-461-5000Debt Debt-to-Equity Ratio0.32 Current Ratio0.42 Quick Ratio0.36Price-To-Earnings Trailing P/E Ratio12.41 Forward P/E Ratio15.36 P/E Growth2.11 Sales & Book Value Annual Sales$39.02 billion Price / Sales1.25 Cash Flow$4.94 per share Price / Cash Flow16.88 Book Value$23.39 per share Price / Book3.57Profitability EPS (Most Recent Fiscal Year)$6.72 Net Income$3.97 billion Net Margins10.17% Return on Equity30.68% Return on Assets7.60%Miscellaneous Employees37,346 Outstanding Shares584,630,000Market Cap$48.76 billion Next Earnings Date4/21/2020 (Estimated) OptionableOptionable Receive PGR News and Ratings via Email Sign-up to receive the latest news and ratings for PGR and its competitors with MarketBeat's FREE daily newsletter. PGR Rates by TradingView 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 often does Progressive pay dividends? What is the dividend yield for Progressive? Progressive announced a quarterly dividend on Thursday, December 12th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.10 per share on Wednesday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.48%. The ex-dividend date is Tuesday, January 7th. View Progressive's Dividend History. How were Progressive's earnings last quarter? Progressive Corp (NYSE:PGR) released its quarterly earnings data on Wednesday, January, 29th. The insurance provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.67. The insurance provider had revenue of $9.59 billion for the quarter, compared to analyst estimates of $8.89 billion. Progressive had a net margin of 10.17% and a return on equity of 30.68%. The firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. View Progressive's Earnings History. When is Progressive's next earnings date? Progressive is scheduled to release their next quarterly earnings announcement on Tuesday, April 21st 2020. View Earnings Estimates for Progressive. What price target have analysts set for PGR? 13 analysts have issued 12 month target prices for Progressive's shares. Their forecasts range from $59.00 to $96.00. On average, they expect Progressive's stock price to reach $81.85 in the next year. This suggests that the stock has a possible downside of 1.9%. 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 6 hold ratings and 7 buy ratings 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. Wells Fargo & Co analysts commented, "We are increasing our 2019 EPS estimate to $5.50 from $5.45 to reflect the earnings beat, partially offset by lower premium growth. We are lowering our 2020 EPS estimate to $5.70 from $5.75 and we are maintaining our 2021 EPS estimate of $6.10. Our price target is unchanged at $81. The shares traded down today likely as the slowdown in premium written more than overshadowed the EPS beat." (8/15/2019) 2. According to Zacks Investment Research, "Shares of Progressive have outperformed the industry year to date. Focus to become a one-stop insurance destination catering to customers opting for a combination of home and auto insurance bodes well for long-term growth. Leadership in product, service and distribution innovation, especially in personal auto bodes well for long term growth. 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. However, the company’s growth could be challenged by intense competition. Exposure to catastrophe events induces volatility to its underwriting results while escalating expenses weighing on margin expansion remain headwinds." (5/27/2019) Has Progressive been receiving favorable news coverage? News articles about PGR stock have been trending very positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Progressive earned a news impact score of 3.8 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Progressive. Are investors shorting Progressive? Progressive saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 5,920,000 shares, an increase of 19.4% from the January 15th total of 4,960,000 shares. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the company's stock are short sold. View Progressive's Current Options Chain. Who are some of Progressive's key competitors? Some companies that are related to Progressive include Berkshire Hathaway (BRK.B), Allstate (ALL), Travelers Companies (TRV), Arch Capital Group (ACGL), Cincinnati Financial (CINF), Markel (MKL), W. R. Berkley (WRB), Cna Financial (CNA), Fidelity National Financial (FNF), Erie Indemnity (ERIE), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG), Axis Capital (AXS) and Assured Guaranty (AGO). 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), Mastercard (MA), Home Depot (HD), NVIDIA (NVDA), Paypal (PYPL), UnitedHealth Group (UNH), Walt Disney (DIS), Alibaba Group (BABA), CVS Health (CVS) and AT&T (T). 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. M. Jeffrey Charney, Chief Marketing Officer (Age 60)Mr. John Andrew Barbagallo, Pres of Commercial Lines (Age 60) Who are Progressive's major shareholders? Progressive's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.46%), Janus Henderson Group PLC (2.07%), Alliancebernstein L.P. (1.78%), Amundi Pioneer Asset Management Inc. (1.30%), Artisan Partners Limited Partnership (1.25%) and Renaissance Technologies LLC (0.92%). Company insiders that own Progressive stock include Barbara R Snyder, Dyke Kahina Van, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Susan Patricia Griffith and William M Cody. View Institutional Ownership Trends for Progressive. Which institutional investors are selling Progressive stock? PGR stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Artisan Partners Limited Partnership, Goldman Sachs Group Inc., California Public Employees Retirement System, Hexavest Inc., Bank of Montreal Can, Smith Asset Management Group LP and AQR Capital Management LLC. Company insiders that have sold Progressive company stock in the last year include Dyke Kahina Van, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz and Susan Patricia Griffith. View Insider Buying and Selling for Progressive. Which institutional investors are buying Progressive stock? PGR stock was purchased by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Parnassus Investments CA, Boston Partners, Madison Asset Management LLC, Ceredex Value Advisors LLC, Victory Capital Management Inc., River Road Asset Management LLC and Victory Capital Management Inc.. 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, Robinhood, Fidelity and Charles Schwab. What is Progressive's stock price today? One share of PGR stock can currently be purchased for approximately $83.40. How big of a company is Progressive? Progressive has a market capitalization of $48.76 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. Progressive employs 37,346 workers across the globe.View Additional Information About Progressive. 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: 2.0 out of 5 ( )Outperform Votes: 470 (Vote Outperform)Underperform Votes: 721 (Vote Underperform)Total Votes: 1,191MarketBeat'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 2/18/2020 by MarketBeat.com StaffFeatured Article: What is an overbought condition?
