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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
SymbolNYSE:PGR
CUSIP74331510
Phone440-461-5000
Debt
Debt-to-Equity Ratio0.39
Current Ratio0.44
Quick Ratio0.44
Price-To-Earnings
Trailing P/E Ratio19.41
Forward P/E Ratio14.08
P/E Growth1.89
Sales & Book Value
Annual Sales$26.84 billion
Price / Sales1.29
Cash Flow$3.2512 per share
Price / Cash18.27
Book Value$15.96 per share
Price / Book3.72
Profitability
EPS (Most Recent Fiscal Year)$2.63
Net Income$1.59 billion
Net Margins6.75%
Return on Equity18.90%
Return on Assets4.54%
Miscellaneous
Employees33,656
Outstanding Shares582,380,000
Market Cap$34,022.43
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, December 8th. Stockholders of record on Friday, February 2nd will be given a dividend of $1.125 per share on Friday, February 9th. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, February 1st. View Progressive's Dividend History.
How were Progressive's earnings last quarter?
Progressive Corp (NYSE:PGR) released its earnings results on Tuesday, July, 17th. The insurance provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.11. The insurance provider earned $8.10 billion during the quarter, compared to analysts' expectations of $8.01 billion. Progressive had a net margin of 6.75% and a return on equity of 18.90%. Progressive's revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. View Progressive's Earnings History.
What price target have analysts set for PGR?
13 brokerages have issued 12 month price objectives for Progressive's stock. Their forecasts range from $43.00 to $75.00. On average, they expect Progressive's share price to reach $58.0833 in the next year. This suggests that the stock has a possible downside of 2.2%. View Analyst Ratings 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 2 sell ratings, 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Progressive stock?
Here are some recent quotes from research analysts about Progressive stock:
- 1. According to Zacks Investment Research, "Progressive’s first-quarter 2018 earnings outpaced the Zacks Consensus Estimate and also improved significantly from the prior-year quarter on higher premiums. Shares of Progressive have outperformed the industry year to date. The company 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 the 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. However, the company’s growth could be challenged by intense competition. Exposure to catastrophe events and escalating expenses remains headwinds." (4/20/2018)
- 2. Wells Fargo & Co analysts commented, "We are in a hard auto market, which should benefit PGR and other writers in the space, as auto is the only segment of the insurance market getting price. As PGR pushes for more growth and less rate we believe PGR should see some margin volatility and believe the shares are fairly valued at current levels. $ 2016A 2017E 2018E EPS Curr. Curr." (12/13/2017)
Who are some of Progressive's key competitors?
Some companies that are related to Progressive include Chubb (CB), American International Group (AIG), Tokio Marine Holdings, Inc. Sponsored ADR common stock (TKOMY), Travelers Companies (TRV), Allstate (ALL), Hartford Financial Services Group (HIG), Ms&Ad Insurance Group (MSADY), Loews (L), Markel (MKL), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), XL Group (XL), Cna Financial (CNA), Arch Capital Group (ACGL), Cincinnati Financial (CINF) and American Financial Group (AFG).
Who are Progressive's key executives?
Progressive's management team includes the folowing people:
- Ms. Susan Patricia Griffith, Pres, CEO & Director (Age 54)
- Mr. John Peter Sauerland, VP & CFO (Age 54)
- Mr. William M. Cody, Chief Investment Officer (Age 56)
- Mr. John Andrew Barbagallo, Pres of Commercial Lines (Age 59)
- Mr. John Franklin Auer CPCU, Pres, CEO & Treasurer of ARX Holding Corp (Age 64)
Has Progressive been receiving favorable news coverage?
Media stories about PGR stock have been trending positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Progressive earned a daily sentiment score of 0.46 on Accern's scale. They also assigned headlines about the insurance provider an impact score of 46.22 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Progressive's major shareholders?
Progressive's stock is owned by a number of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.39%), Confluence Investment Management LLC (0.35%), Retirement Systems of Alabama (0.05%), Clinton Group Inc. (0.03%), Gulf International Bank UK Ltd (0.03%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%). Company insiders that own Progressive stock include Jeffrey D Kelly, Jeffrey W Basch, John A Barbagallo, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Susan Patricia Griffith, Valerie A Krasowski and William M Cody. View Institutional Ownership Trends for Progressive.
Which institutional investors are selling Progressive stock?
PGR stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Central Bank & Trust Co., Fisher Asset Management LLC, Retirement Systems of Alabama, Cibc Bank USA, Rowland & Co. Investment Counsel ADV, Winslow Asset Management Inc. and Reliance Trust Co. of Delaware. Company insiders that have sold Progressive company stock in the last year include Jeffrey W Basch, John P Sauerland, M Jeffrey Charney, Steven Broz, Susan Patricia Griffith and William M Cody. View Insider Buying and Selling for Progressive.
Which institutional investors are buying Progressive stock?
PGR stock was bought by a variety of institutional investors in the last quarter, including Clinton Group Inc., Confluence Investment Management LLC, Capital One National Association, V Wealth Management LLC, State of Alaska Department of Revenue, NN Investment Partners Holdings N.V., IFM Investors Pty Ltd and Livforsakringsbolaget Skandia Omsesidigt. 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 $59.40.
How big of a company is Progressive?
Progressive has a market capitalization of $34.02 billion and generates $26.84 billion in revenue each year. The insurance provider earns $1.59 billion in net income (profit) each year or $2.63 on an earnings per share basis. Progressive employs 33,656 workers across the globe.
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)
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.
