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Progressive Stock Price, News & Analysis (NYSE:PGR)

$71.96
-3.01 (-4.01 %)
(As of 10/16/2019 12:33 PM ET)
Today's Range
$69.38
Now: $71.96
$72.30
50-Day Range
$72.25
MA: $75.72
$77.67
52-Week Range
$56.71
Now: $71.96
$84.96
Volume180,473 shs
Average Volume3.37 million shs
Market Capitalization$42.07 billion
P/E Ratio16.28
Dividend Yield0.53%
Beta0.68
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

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74331510
Phone440-461-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$31.98 billion
Cash Flow$4.75 per share
Book Value$17.73 per share

Profitability

Net Income$2.62 billion

Miscellaneous

Employees37,346
Market Cap$42.07 billion
Next Earnings Date10/16/2019 (Confirmed)
OptionableOptionable

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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 declared a quarterly dividend on Friday, August 2nd. Investors of record on Monday, October 7th will be given a dividend of $0.10 per share on Tuesday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, October 4th. View Progressive's Dividend History.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) issued its quarterly earnings data on Wednesday, October, 16th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.31 by $0.11. The insurance provider earned $9.62 billion during the quarter, compared to analyst estimates of $9.66 billion. Progressive had a net margin of 9.19% and a return on equity of 28.12%. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. View Progressive's Earnings History.

When is Progressive's next earnings date?

Progressive is scheduled to release their next quarterly earnings announcement on Wednesday, October 16th 2019. View Earnings Estimates for Progressive.

What price target have analysts set for PGR?

10 equities research analysts have issued 1 year price objectives for Progressive's stock. Their forecasts range from $59.00 to $96.00. On average, they expect Progressive's share price to reach $83.20 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price. View Analyst Price Targets for Progressive.

What is the consensus analysts' recommendation for Progressive?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 4 hold ratings and 6 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?

Media headlines about PGR stock have been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Progressive earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Progressive.

Are investors shorting Progressive?

Progressive saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,170,000 shares, an increase of 6.2% from the August 30th total of 5,810,000 shares. Based on an average daily volume of 2,890,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.1% of the company's stock are sold short. View Progressive's Current Options Chain.

Who are some of Progressive's key competitors?

What other stocks do shareholders of Progressive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Mastercard (MA), Cisco Systems (CSCO), UnitedHealth Group (UNH), Paypal (PYPL), NVIDIA (NVDA), Alibaba Group (BABA), CVS Health (CVS), Procter & Gamble (PG), AT&T (T) and Home Depot (HD).

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 many different of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.25%), Bristol John W & Co. Inc. NY (0.24%), Hexavest Inc. (0.16%), Artemis Investment Management LLP (0.15%), Ferguson Wellman Capital Management Inc. (0.10%) and Atalanta Sosnoff Capital LLC (0.05%). 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 Atalanta Sosnoff Capital LLC, Confluence Investment Management LLC, Berkshire Asset Management LLC PA, Hexavest Inc., Gateway Investment Advisers LLC, Rothschild Investment Corp IL, Crossmark Global Holdings Inc. and Contravisory Investment Management Inc.. 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 bought by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Cim LLC, Genesee Capital Advisors LLC, State of Alaska Department of Revenue, Bristol John W & Co. Inc. NY, Ferguson Wellman Capital Management Inc., Private Trust Co. NA and Cerebellum GP LLC. 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 $71.74.

How big of a company is Progressive?

Progressive has a market capitalization of $41.94 billion and generates $31.98 billion in revenue each year. The insurance provider earns $2.62 billion in net income (profit) each year or $4.42 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:  1.9 out of 5 (star)
Outperform Votes:  443 (Vote Outperform)
Underperform Votes:  696 (Vote Underperform)
Total Votes:  1,139
MarketBeat'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 10/16/2019 by MarketBeat.com Staff

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