NYSE:PGR - Progressive Stock Price, News, & Analysis

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$72.32 -0.08 (-0.11 %)
(As of 03/20/2019 01:15 PM ET)
Previous Close$72.40
Today's Range$71.9750 - $72.43
52-Week Range$56.71 - $73.78
Volume780,633 shs
Average Volume3.33 million shs
Market Capitalization$42.23 billion
P/E Ratio16.36
Dividend Yield3.44%
Beta0.78
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 homeowners, other property owners, 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.

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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

Debt

Debt-to-Equity Ratio0.43
Current Ratio0.36
Quick Ratio0.36

Price-To-Earnings

Trailing P/E Ratio16.36
Forward P/E Ratio14.26
P/E Growth1.97

Sales & Book Value

Annual Sales$31.98 billion
Price / Sales1.32
Cash Flow$4.9130 per share
Price / Cash Flow14.72
Book Value$17.73 per share
Price / Book4.08

Profitability

EPS (Most Recent Fiscal Year)$4.42
Net Income$2.62 billion
Net Margins8.16%
Return on Equity24.83%
Return on Assets5.90%

Miscellaneous

Employees37,346
Outstanding Shares583,900,000
Market Cap$42.23 billion
Next Earnings Date4/16/2019 (Confirmed)
OptionableOptionable

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 an annual dividend on Friday, February 15th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.10 per share on Monday, April 15th. This represents a dividend yield of 0.14%. The ex-dividend date is Thursday, April 4th. View Progressive's Dividend History.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) issued its earnings results on Wednesday, January, 23rd. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by $0.57. The insurance provider had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.86 billion. Progressive had a return on equity of 24.83% and a net margin of 8.16%. Progressive's revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.98 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 16th 2019. View Earnings Estimates for Progressive.

What price target have analysts set for PGR?

13 analysts have issued 1 year target prices for Progressive's shares. Their predictions range from $45.00 to $85.00. On average, they expect Progressive's share price to reach $72.8462 in the next year. This suggests a possible upside of 1.0% from the stock's current price. 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 5 hold ratings, 7 buy ratings and 1 strong buy rating 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 lowering our 2019 EPS estimate to $5.05 from $5.12 to reflect the earnings miss and lower net investment income. We are maintaining 2020 EPS estimate of $5.30. We are also maintaining our $73 price target. In our view, PGR shares are trading down to reflect weaker underlying results." (3/13/2019)
  • 2. According to Zacks Investment Research, "Progressive strives to become a one-stop insurance destination catering to customers, opting for a combination of home and auto. 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 that lower the share count and boost the bottom line. Shares of Progressive have outperformed the industry year to date. However, the company’s growth could be challenged by an intense competition. Exposure to catastrophe events and escalating expenses remain headwinds. Though the company witnessed estimates for 2018 move down 0.2%, the Zacks Consensus Estimate for 2019 moved north 2.3%." (1/2/2019)

Has Progressive been receiving favorable news coverage?

News headlines about PGR stock have trended somewhat positive this week, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Progressive earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave news coverage about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.

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 NVIDIA (NVDA), Adobe (ADBE), Mastercard (MA), UnitedHealth Group (UNH), Cisco Systems (CSCO), Micron Technology (MU), Intel (INTC), Paypal (PYPL), AT&T (T) and Visa (V).

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. John Andrew Barbagallo, Pres of Commercial Lines (Age 60)
  • Ms. Mariann Wojtkun Marshall, VP, Chief Accounting Officer & Assistant Sec. (Age 57)

Who are Progressive's major shareholders?

Progressive's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.04%), Oregon Public Employees Retirement Fund (1.67%), Bank of New York Mellon Corp (1.44%), Geode Capital Management LLC (1.28%), Northern Trust Corp (1.20%) and Norges Bank (0.99%). Company insiders that own Progressive stock include Barbara R Snyder, Jeffrey D Kelly, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Steven Broz, Susan Patricia Griffith and William M Cody. 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 D. E. Shaw & Co. Inc., Two Sigma Investments LP, Los Angeles Capital Management & Equity Research Inc., BlackRock Inc., Bank of New York Mellon Corp, Confluence Investment Management LLC, First Quadrant L P CA and Bristol John W & Co. Inc. NY. Company insiders that have sold Progressive company stock in the last year include Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Steven Broz, Susan Patricia Griffith and William M Cody. View Insider Buying and Selling for Progressive.

Which major investors are buying Progressive stock?

PGR stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Eaton Vance Management, Hexavest Inc., Bank of Montreal Can, California Public Employees Retirement System, FMR LLC and Amundi Pioneer Asset 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, Scottrade, Fidelity and Charles Schwab.

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $72.14.

How big of a company is Progressive?

Progressive has a market capitalization of $42.12 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.

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:  398 (Vote Outperform)
Underperform Votes:  654 (Vote Underperform)
Total Votes:  1,052
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 3/20/2019 by MarketBeat.com Staff

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