NYSE:PGR

Progressive Stock Forecast, Price & News

$95.78

-0.74 (-0.77 %)

(As of 10/19/2020 12:00 AM ET)

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Today's Range

$95.48

Now: $95.78▼

$97.80

50-Day Range

$91.19

MA: $95.15▼

$101.38

52-Week Range

$62.18

Now: $95.78▼

$102.05

Volume1.46 million shs

Average Volume3.13 million shs

Market Capitalization$56.07 billion

P/E Ratio12.87

Dividend Yield0.41%

Beta0.54

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. The company's Commercial Lines segment provides primary liability, physical damage, and other auto-related 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 non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides residential property insurance for homes, condos, manufactured homes, 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; home, condominium, renters, and other insurance; and general liability and business owner's policies, and workers' compensation insurance. In addition, it offers reinsurance services. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on Internet, and mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Progressive has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 4 buy ratings, 8 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $90.92, Progressive has a forecasted downside of 5.1% from its current price of $95.78.
Amount of Analyst Coverage
Progressive has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
Progressive has received 495 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Progressive has received 737 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Progressive has received 59.82% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Yield
Progressive has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Progressive has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Progressive is 5.95%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Progressive will have a dividend payout ratio of 7.33% next year. This indicates that Progressive will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Progressive insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,000,959.00 in company stock.
Percentage Held by Insiders
Only 0.38% of the stock of Progressive is held by insiders.
Percentage Held by Institutions
80.93% of the stock of Progressive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Progressive are expected to decrease by -19.11% in the coming year, from $6.75 to $5.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Progressive is 12.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Progressive is 12.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.84.
Price to Earnings Growth Ratio
Progressive has a PEG Ratio of 2.31. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Progressive has a P/B Ratio of 4.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.62 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryProperty & Casualty Insurance

SectorFinance

Current SymbolNYSE:PGR

Previous Symbol

CUSIP74331510

CIK80661

Webwww.progressive.com

Phone440-461-5000

Employees41,571

Debt

Debt-to-Equity Ratio0.33

Current Ratio0.44

Quick Ratio0.44

Price-To-Earnings

Trailing P/E Ratio12.87

Forward P/E Ratio14.19

P/E Growth2.31

Sales & Book Value

Annual Sales$39.02 billion

Price / Sales1.44

Cash Flow$7.38 per share

Price / Cash Flow12.97

Book Value$22.54 per share

Price / Book4.25

Profitability

EPS (Most Recent Fiscal Year)$6.72

Net Income$3.97 billion

Net Margins10.85%

Return on Equity29.04%

Return on Assets7.35%

Miscellaneous

Outstanding Shares585,397,000

Market Cap$56.07 billion

Next Earnings Date2/3/2021 (Estimated)

OptionableOptionable

$95.78

-0.74 (-0.77 %)

(As of 10/19/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Progressive (NYSE:PGR) Frequently Asked Questions

How has Progressive's stock price been impacted by COVID-19 (Coronavirus)?

Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PGR shares have increased by 27.5% and is now trading at $95.78.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Progressive?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 1 sell rating, 8 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Progressive.

When is Progressive's next earnings date?

Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Progressive.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) released its quarterly earnings data on Wednesday, July, 15th. The insurance provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.74 by $0.10. The insurance provider had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $9.72 billion. Progressive had a net margin of 10.85% and a return on equity of 29.04%. The company's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 earnings per share.
View Progressive's earnings history.

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

Progressive announced a quarterly dividend on Friday, August 7th. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Tuesday, October 6th.
View Progressive's dividend history.

What price target have analysts set for PGR?

14 brokerages have issued 1 year target prices for Progressive's stock. Their forecasts range from $72.00 to $115.00. On average, they expect Progressive's share price to reach $90.92 in the next year. This suggests that the stock has a possible downside of 5.1%.
View analysts' price targets for Progressive.

Who are some of Progressive's key competitors?

Some companies that are related to Progressive include Berkshire Hathaway (BRK.B), The Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), CNA Financial (CNA), First American Financial (FAF), Old Republic International (ORI), AXIS Capital (AXS), RLI (RLI) and The Hanover Insurance Group (THG).
View all 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 Cisco Systems (CSCO), The 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).

Who are Progressive's key executives?

Progressive's management team includes the following 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)

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 many different institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.25%), Scharf Investments LLC (0.20%), Metropolis Capital Ltd (0.12%), Chicago Capital LLC (0.10%), Bonness Enterprises Inc. (0.10%) and Envestnet Asset Management Inc. (0.09%). Company insiders that own Progressive stock include Andrew J Quigg, Barbara R Snyder, Dyke Kahina Van, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends for Progressive.

Which major investors are selling Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Metropolis Capital Ltd, Scharf Investments LLC, Confluence Investment Management LLC, Ferguson Wellman Capital Management Inc., State of Alaska Department of Revenue, Redpoint Investment Management Pty Ltd, Envestnet Asset Management Inc., and CX Institutional. Company insiders that have sold Progressive company stock in the last year include Andrew J Quigg, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer, and Susan Patricia Griffith.
View insider buying and selling activity for Progressive.

Which major investors are buying Progressive stock?

PGR stock was acquired by a variety of institutional investors in the last quarter, including Arthur M. Cohen & Associates LLC, Deane Retirement Strategies Inc., Avantax Advisory Services Inc., Carnegie Capital Asset Management LLC, Gyroscope Capital Management Group LLC, WP Advisors LLC, IBM Retirement Fund, and IFM Investors Pty Ltd.
View insider buying and selling activity 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 $95.78.

How big of a company is Progressive?

Progressive has a market capitalization of $56.07 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 41,571 workers across the globe.

What is Progressive's official website?

The official website for Progressive is 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.

This page was last updated on 10/19/2020 by MarketBeat.com Staff

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