NYSE:PGR

The Progressive Stock Forecast, Price & News

$94.80

+1.35 (+1.44 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$92.87

Now: $94.80▼

$95.01

50-Day Range

$87.11

MA: $94.58▼

$98.88

52-Week Range

$62.18

Now: $94.80▼

$102.05

Volume3.05 million shs

Average Volume2.29 million shs

Market Capitalization$55.51 billion

P/E Ratio11.01

Dividend Yield4.92%

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 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 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 business owner's policies, general liability, professional liability, 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 through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

MarketRank^™

Overall MarketRank^™

1.90 out of 5 stars

Finance Sector

306th out of 1,705 stocks

Fire, Marine, & Casualty Insurance Industry

26th out of 80 stocks

2.1 Analyst's Opinion

Consensus Rating
The Progressive has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 5 buy ratings, 8 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $95.07, The Progressive has a forecasted upside of 0.3% from its current price of $94.80.
Amount of Analyst Coverage
The Progressive has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
The Progressive has received 498 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
The Progressive has received 747 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
The Progressive has received 60.00% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about The 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.

2.5 Dividend Strength

Dividend Leadership
The Progressive is a leading dividend payer. It pays a dividend yield of 4.92%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
The Progressive has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of The Progressive is 68.45%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, The Progressive will have a dividend payout ratio of 83.03% in the coming year. This indicates that The Progressive may not be able to sustain their current dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The 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 $6,035,099.00 in company stock.
Percentage Held by Insiders
Only 0.38% of the stock of The Progressive is held by insiders.
Percentage Held by Institutions
80.93% of the stock of The 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 The Progressive are expected to decrease by -22.95% in the coming year, from $7.19 to $5.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Progressive is 11.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Progressive is 11.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.73.
Price to Earnings Growth Ratio
The Progressive has a PEG Ratio of 2.11. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
The Progressive has a P/B Ratio of 3.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 Ratio0.30

Current Ratio0.51

Quick Ratio0.44

Price-To-Earnings

Trailing P/E Ratio11.01

Forward P/E Ratio13.18

P/E Growth2.11

Sales & Book Value

Annual Sales$39.02 billion

Price / Sales1.42

Cash Flow$7.25 per share

Price / Cash Flow13.07

Book Value$30.90 per share

Price / Book3.07

Profitability

EPS (Most Recent Fiscal Year)$6.72

Net Income$3.97 billion

Net Margins12.13%

Return on Equity28.66%

Return on Assets7.53%

Miscellaneous

Outstanding Shares585,598,000

Market Cap$55.51 billion

Next Earnings Date1/27/2021 (Confirmed)

OptionableOptionable

$94.80

+1.35 (+1.44 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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The Progressive (NYSE:PGR) Frequently Asked Questions

How has The Progressive's stock been impacted by Coronavirus?

The 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 shares have increased by 26.2% and is now trading at $94.80.
View which stocks have been most impacted by COVID-19.

Is The Progressive a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Progressive in the last year. There are currently 3 sell ratings, 8 hold ratings and 5 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than The Progressive?

Wall Street analysts have given The Progressive a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Progressive wasn't one of them. MarketBeat thinks these five stocks 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, January 27th 2021.
View our earnings forecast for The Progressive.

How were The Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) announced its quarterly earnings results on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share 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. The Progressive had a net margin of 12.13% and a return on equity of 28.66%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 earnings per share.
View The Progressive's earnings history.

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

The Progressive announced a quarterly dividend on Friday, December 4th. Stockholders of record on Friday, January 8th will be given a dividend of $0.10 per share on Friday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date is Thursday, January 7th.
View The Progressive's dividend history.

Is The Progressive a good dividend stock?

The Progressive pays an annual dividend of $4.60 per share and currently has a dividend yield of 4.92%. PGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The Progressive does not yet have a strock track record of dividend growth. The dividend payout ratio of The Progressive is 68.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, The Progressive will have a dividend payout ratio of 83.03% in the coming year. This indicates that The Progressive may not be able to sustain their current dividend.
View The Progressive's dividend history.

What price target have analysts set for PGR?

16 analysts have issued 12 month price targets for The Progressive's shares. Their forecasts range from $79.00 to $115.00. On average, they anticipate The Progressive's stock price to reach $95.07 in the next year. This suggests a possible upside of 0.3% from the stock's current price.
View analysts' price targets for The Progressive or view Wall Street analyst' top-rated stocks.

Who are some of The Progressive's key competitors?

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

Who are The Progressive's key executives?

The Progressive's management team includes the following people:

Ms. Susan Patricia Griffith, Pres, CEO & Director (Age 57, Pay $5.04M)
Mr. John Peter Sauerland, VP & CFO (Age 57, Pay $2.38M)
Mr. John Andrew Barbagallo, Pres of Commercial Lines (Age 62, Pay $1.48M)
Mr. Patrick K. Callahan, Pres of Personal Lines (Age 51, Pay $1.85M)
Mr. Jonathan S. Bauer, Chief Investment Officer (Age 43)
Ms. Mariann Wojtkun Marshall, VP, Chief Accounting Officer & Assistant Sec. (Age 59)
Mr. Steven Anthony Broz, Chief Information Officer (Age 51)
Ms. Julia Hornack, Investor Relations Contact
Mr. Daniel Peter Mascaro, Chief Legal Officer & Sec. (Age 58)
Mr. M. Jeffrey Charney, Chief Marketing Officer (Age 62)

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 Metropolis Capital Ltd (0.15%), Fulton Breakefield Broenniman LLC (0.03%), State of Alaska Department of Revenue (0.02%), Granite Investment Advisors LLC (0.01%), Central Bank & Trust Co. (0.01%) and IFM Investors Pty Ltd (0.01%). Company insiders that own The 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 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 Fulton Breakefield Broenniman LLC, Granite Investment Advisors LLC, CX Institutional, First Hawaiian Bank, TrimTabs Asset Management LLC, Raymond James Trust N.A., Diversified Trust Co, and Sowell Financial Services LLC. Company insiders that have sold The Progressive company stock in the last year include Andrew J Quigg, 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 The Progressive or view top insider-selling stocks.

Which major investors are buying The Progressive stock?

PGR stock was acquired by a variety of institutional investors in the last quarter, including Metropolis Capital Ltd, Salvus Wealth Management LLC, State of Alaska Department of Revenue, Strategic Investment Advisors MI, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Donaldson Capital Management LLC, and Private Trust Co. NA.
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.

What is The Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $94.80.

How big of a company is The Progressive?

The Progressive has a market capitalization of $55.51 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. The Progressive employs 41,571 workers across the globe.

What is The Progressive's official website?

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

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 1/16/2021 by MarketBeat.com Staff

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