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NYSE:PGR

Progressive Stock Forecast, Price & News

$92.60
+0.40 (+0.43 %)
(As of 09/28/2020 07:18 AM ET)
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Today's Range
$91.20
Now: $92.60
$92.82
50-Day Range
$88.83
MA: $92.68
$97.36
52-Week Range
$62.18
Now: $92.60
$97.81
Volume1.68 million shs
Average Volume3.23 million shs
Market Capitalization$54.21 billion
P/E Ratio12.45
Dividend Yield0.43%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars


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$39.02 billion
Cash Flow$7.14 per share
Book Value$22.54 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Employees41,571
Market Cap$54.21 billion
Next Earnings Date10/14/2020 (Confirmed)
OptionableOptionable
$92.60
+0.40 (+0.43 %)
(As of 09/28/2020 07:18 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 Coronavirus?

Progressive's stock was trading at $75.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PGR stock has increased by 23.3% and is now trading at $92.60.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Progressive?

15 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, 5 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, October 14th 2020.
View our earnings forecast for Progressive
.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) issued its quarterly earnings results on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.74 by $0.10. The insurance provider earned $10.14 billion during the quarter, compared to analysts' expectations of $9.72 billion. Progressive had a return on equity of 29.04% and a net margin of 10.85%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 EPS.
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. Investors of record on Wednesday, October 7th will be paid a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, October 6th.
View Progressive's dividend history
.

What price target have analysts set for PGR?

15 brokerages have issued 1-year price targets for Progressive's shares. Their forecasts range from $72.00 to $115.00. On average, they expect Progressive's share price to reach $89.08 in the next year. This suggests that the stock has a possible downside of 3.8%.
View analysts' price targets for Progressive
.

Are investors shorting Progressive?

Progressive saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,030,000 shares, a drop of 15.0% from the July 30th total of 8,270,000 shares. Based on an average daily trading volume, of 2,680,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.2% of the shares of the company are sold short.
View Progressive's Short Interest
.

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 Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Intel (INTC), Home Depot (HD), AT&T (T), Mastercard (MA), Pfizer (PFE), UnitedHealth Group (UNH) 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.37%), BlackRock Inc. (7.35%), Bank of New York Mellon Corp (0.76%), Neuberger Berman Group LLC (0.71%), FMR LLC (0.70%) and Principal Financial Group Inc. (0.70%). 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 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 Cooke & Bieler LP, Victory Capital Management Inc., Goldman Sachs Group Inc., AQR Capital Management LLC, Bank of New York Mellon Corp, Toronto Dominion Bank, DekaBank Deutsche Girozentrale, and Bessemer Group Inc.. 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, and Susan Patricia Griffith.
View insider buying and selling activity for Progressive
.

Which major investors are buying Progressive stock?

PGR stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Nordea Investment Management AB, Marshall Wace LLP, Scharf Investments LLC, and Retirement Systems of Alabama.
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 $92.60.

How big of a company is Progressive?

Progressive has a market capitalization of $54.21 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 9/28/2020 by MarketBeat.com Staff

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