The Progressive Stock Forecast, Price & News

$92.61
-0.38 (-0.41 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$92.17
$92.96
50-Day Range
$92.61
$99.88
52-Week Range
$84.89
$107.58
Volume4.03 million shs
Average Volume2.83 million shs
Market Capitalization$54.19 billion
P/E Ratio9.97
Dividend Yield0.43%
Beta0.46
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The Progressive logo

About The Progressive

Progressive Corp. is an insurance holding company, which 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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MarketRank

Overall MarketRank

2.42 out of 5 stars

Finance Sector

267th out of 1,330 stocks

Fire, Marine, & Casualty Insurance Industry

18th out of 76 stocks

Analyst Opinion: 1.0Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -
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The Progressive (NYSE:PGR) Frequently Asked Questions

Is The Progressive a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Progressive in the last year. There are currently 5 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" The Progressive stock. 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 analyst ratings for The Progressive
or view top-rated stocks.

What stocks does MarketBeat like better than The Progressive?

Wall Street analysts have given The Progressive a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Progressive wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is The Progressive's next earnings date?

The Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, October 13th 2021.
View our earnings forecast for The Progressive
.

How were The Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) posted its earnings results on Tuesday, August, 3rd. The insurance provider reported $0.72 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.08 by $0.36. The Progressive had a trailing twelve-month return on equity of 23.52% and a net margin of 12.00%.
View The Progressive's earnings history
.

How has The Progressive's stock been impacted by COVID-19?

The Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PGR stock has increased by 23.3% and is now trading at $92.61.
View which stocks have been most impacted by COVID-19
.

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

The Progressive declared a quarterly dividend on Monday, August 9th. Investors of record on Thursday, October 7th will be paid a dividend of $0.10 per share on Friday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date is Wednesday, October 6th.
View The Progressive's dividend history
.

Is The Progressive a good dividend stock?

The Progressive pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.43%. The dividend payout ratio of The Progressive is 5.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Progressive will have a dividend payout ratio of 7.46% next year. This indicates that The Progressive will be able to sustain or increase its dividend.
View The Progressive's dividend history.

What price target have analysts set for PGR?

13 brokers have issued 12 month price objectives for The Progressive's stock. Their forecasts range from $84.00 to $123.00. On average, they anticipate The Progressive's stock price to reach $95.50 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price.
View analysts' price targets for The Progressive
or view top-rated stocks among Wall Street analysts.

Who are The Progressive's key executives?

The Progressive's management team includes the following people:

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

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

Who are some of The Progressive's key 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), The Home Depot (HD), AT&T (T), UnitedHealth Group (UNH), Mastercard (MA), Pfizer (PFE) and Alibaba Group (BABA).

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 shareholders include Vanguard Group Inc. (8.36%), BlackRock Inc. (7.67%), State Street Corp (4.57%), JPMorgan Chase & Co. (3.67%), Massachusetts Financial Services Co. MA (2.12%) and Geode Capital Management LLC (1.79%). Company insiders that own The Progressive stock include Andrew J Quigg, Daniel P Mascaro, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends for The Progressive
.

Which major investors are selling The Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., 1832 Asset Management L.P., Mackenzie Financial Corp, APG Asset Management N.V., Wells Fargo & Company MN, UBS Asset Management Americas Inc., Congress Asset Management Co. MA, and BlackRock Inc.. Company insiders that have sold The Progressive company stock in the last year include Daniel P Mascaro, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer, and Susan Patricia Griffith.
View insider buying and selling activity for The Progressive
or view top insider-selling stocks.

Which major investors are buying The Progressive stock?

PGR stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Massachusetts Financial Services Co. MA, Amundi, Bank of America Corp DE, Bank of America Corp DE, GQG Partners LLC, Mondrian Investment Partners LTD, and Artisan Partners Limited Partnership.
View insider buying and selling activity for The Progressive
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $92.61.

How much money does The Progressive make?

The Progressive has a market capitalization of $54.19 billion and generates $42.66 billion in revenue each year. The insurance provider earns $5.70 billion in net income (profit) each year or $7.47 on an earnings per share basis.

How many employees does The Progressive have?

The Progressive employs 43,326 workers across the globe.

Does The Progressive have any subsidiaries?

The following companies are subsidiares of The Progressive: 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 Services Inc., ASI Underwriters Corp., ASI Underwriters of Texas Inc., American Strategic Insurance Corp., Ark Royal Underwriters LLC, Artisan and Truckers Casualty Company, 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 Investment Company Inc., 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., Sunshine Security Insurance Agency Inc., Trussville/Cahaba AL LLC, United Financial Casualty Company, Village Transport Corp., Wilson Mills Land Co., and e-Ins. LLC.

When was The Progressive founded?

The Progressive was founded in 1937.

What is The Progressive's official website?

The official website for The Progressive is www.progressive.com.

Where are The Progressive's headquarters?

The Progressive is headquartered at 6300 Wilson Mills Road, Mayfield Village OH, 44143.

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 9/19/2021 by MarketBeat.com Staff
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