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Progressive Stock Forecast, Price & News

$115.94
-0.62 (-0.53%)
(As of 06/28/2022 03:15 PM ET)
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Compare
Today's Range
$115.83
$118.31
50-Day Range
$106.95
$121.19
52-Week Range
$89.35
$121.36
Volume
143,572 shs
Average Volume
3.03 million shs
Market Capitalization
$67.81 billion
P/E Ratio
31.51
Dividend Yield
0.34%
Price Target
$107.23
30 days | 90 days | 365 days | Advanced Chart

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PGR Stock Forecast (MarketRank)

Overall MarketRank

2.33 out of 5 stars

Finance Sector

596th out of 1,394 stocks

Fire, Marine, & Casualty Insurance Industry

31st out of 74 stocks

Analyst Opinion: 1.9Community Rank: 3.7Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Progressive logo

About Progressive (NYSE:PGR)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property 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 long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes 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; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

PGR Stock News Headlines

What To Know About Keefe, Bruyette & Woods's Upgrade of Progressive
See More Headlines

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
74331510
Employees
49,000
Year Founded
1937

Company Calendar

Ex-Dividend for 4/14 Dividend
4/06/2022
Last Earnings
4/14/2022
Dividend Payable
4/14/2022
Today
6/28/2022
Ex-Dividend for 7/15 Dividend
7/06/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/21/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$107.23
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
-7.5%
Consensus Rating
Hold
Rating Score (0-4)
1.78571428571429
Research Coverage
14 Analysts

Profitability

Net Income
$3.35 billion
Pretax Margin
5.68%

Debt

Sales & Book Value

Annual Sales
$47.70 billion
Cash Flow
$5.27 per share
Book Value
$30.32 per share

Miscellaneous

Free Float
582,948,000
Market Cap
$67.81 billion
Optionable
Optionable
Beta
0.49

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Progressive Frequently Asked Questions

Should I buy or sell Progressive stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 5 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" 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 Progressive
or view top-rated stocks.

What is Progressive's stock price forecast for 2022?

14 brokers have issued 12 month target prices for Progressive's stock. Their PGR stock forecasts range from $85.00 to $130.00. On average, they predict Progressive's share price to reach $107.23 in the next year. This suggests that the stock has a possible downside of 8.1%.
View analysts' price targets for Progressive
or view top-rated stocks among Wall Street analysts.

How has Progressive's stock price performed in 2022?

Progressive's stock was trading at $102.65 at the start of the year. Since then, PGR shares have increased by 13.7% and is now trading at $116.70.
View the best growth stocks for 2022 here
.

When is Progressive's next earnings date?

Progressive is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
View our earnings forecast for Progressive
.

How were Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) released its quarterly earnings results on Thursday, April, 14th. The insurance provider reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by $0.12. The insurance provider earned $12.29 billion during the quarter, compared to analysts' expectations of $12.24 billion. Progressive had a trailing twelve-month return on equity of 12.85% and a net margin of 4.54%.
View Progressive's earnings history
.

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

Progressive announced a quarterly dividend on Wednesday, May 18th. Investors of record on Thursday, July 7th will be paid a dividend of $0.10 per share on Friday, July 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Wednesday, July 6th.
View Progressive's dividend history
.

Is Progressive a good dividend stock?

Progressive(NYSE:PGR) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.34%. The dividend payout ratio of Progressive is 10.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Progressive will have a dividend payout ratio of 6.30% next year. This indicates that Progressive will be able to sustain or increase its dividend.
View Progressive's dividend history.

How will Progressive's stock buyback program work?

Progressive declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 18th 2022, which authorizes the company to repurchase 25,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Who are Progressive's key executives?

Progressive's management team includes the following people:

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

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

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), 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).

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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.28%), BlackRock Inc. (7.60%), Wellington Management Group LLP (5.68%), State Street Corp (4.62%), JPMorgan Chase & Co. (4.26%) and Massachusetts Financial Services Co. MA (2.77%). Company insiders that own Progressive stock include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, Jeffrey D Kelly, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Roger N Farah, 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 BlackRock Inc., Ceredex Value Advisors LLC, JPMorgan Chase & Co., Maj Invest Holding A S, Mackenzie Financial Corp, Scharf Investments LLC, First Trust Advisors LP, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Progressive company stock in the last two years include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, Jeffrey D Kelly, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Steven Broz, Stuart B Burgdoerfer, and Susan Patricia Griffith.
View insider buying and selling activity for Progressive
or view top insider-selling stocks.

Which major investors are buying Progressive stock?

PGR stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Vanguard Group Inc., Victory Capital Management Inc., Viking Global Investors LP, California Public Employees Retirement System, Renaissance Technologies LLC, Neuberger Berman Group LLC, and Bank of America Corp DE.
View insider buying and selling activity for Progressive
or or view top insider-buying stocks.

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

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $116.70.

How much money does Progressive make?

Progressive (NYSE:PGR) has a market capitalization of $68.26 billion and generates $47.70 billion in revenue each year. The insurance provider earns $3.35 billion in net income (profit) each year or $3.68 on an earnings per share basis.

How many employees does Progressive have?

Progressive employs 49,000 workers across the globe.

Does Progressive have any subsidiaries?

The following companies are subsidiares of Progressive: 358 Ventures Inc., ARX Holding Corp., 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 Comp., 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 Life Insurance Company, 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., Protective Insurance, Sunshine Security Insurance Agency Inc., Trussville/Cahaba AL LLC, United Financial Casualty Company, Village Transport Corp., Wilson Mills Land Co., and e-Ins. LLC.
Read More

When was Progressive founded?

Progressive was founded in 1937.

How can I contact Progressive?

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The official website for Progressive is www.progressive.com. The insurance provider can be reached via phone at (440) 461-5000 or via fax at 440-446-7436.

This page (NYSE:PGR) was last updated on 6/28/2022 by MarketBeat.com Staff

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