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

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$64.38 -0.63 (-0.97 %)

(As of 11/20/2018 04:00 PM ET)

Previous Close$65.01

Today's Range$63.35 - $65.11

52-Week Range$50.79 - $73.69

Volume446,442 shs

Average Volume3.61 million shs

Market Capitalization$38.64 billion

P/E Ratio24.47

Dividend Yield1.70%

Beta0.71

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

Webwww.progressive.com

Phone440-461-5000

Debt

Debt-to-Equity Ratio0.34

Current Ratio0.42

Quick Ratio0.42

Price-To-Earnings

Trailing P/E Ratio24.47

Forward P/E Ratio13.58

P/E Growth1.91

Sales & Book Value

Annual Sales$26.84 billion

Price / Sales1.40

Cash Flow$3.1027 per share

Price / Cash20.75

Book Value$15.96 per share

Price / Book4.03

Profitability

EPS (Most Recent Fiscal Year)$2.63

Net Income$1.59 billion

Net Margins9.42%

Return on Equity27.45%

Return on Assets6.66%

Miscellaneous

Employees33,656

Outstanding Shares582,510,000

Market Cap$38.64 billion

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 declared an annual dividend on Friday, December 8th. Investors of record on Friday, February 2nd will be given a dividend of $1.125 per share on Friday, February 9th. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, February 1st. View Progressive's Dividend History.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) issued its earnings results on Tuesday, October, 16th. The insurance provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.43. The insurance provider earned $8.60 billion during the quarter, compared to analyst estimates of $8.43 billion. Progressive had a net margin of 9.42% and a return on equity of 27.45%. Progressive's quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share. View Progressive's Earnings History.

When is Progressive's next earnings date?

Progressive is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Progressive.

What price target have analysts set for PGR?

14 Wall Street analysts have issued 12-month target prices for Progressive's stock. Their predictions range from $45.00 to $85.00. On average, they anticipate Progressive's share price to reach $70.0714 in the next year. This suggests a possible upside of 8.7% from the stock's current price. View Analyst Price Targets for Progressive.

What is the consensus analysts' recommendation for Progressive?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 1 sell rating, 6 hold ratings, 6 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. According to Zacks Investment Research, "Shares of Progressive have outperformed the industry in a year and the company witnessed its 2018 and 2019 estimates move north in the last 60 days. 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." (9/19/2018)
2. Wells Fargo & Co analysts commented, "We are seeing a slowing of rate increases in the personal auto sector and we believe others will join PGR in the push for growth. As PGR pushes for growth and less rate, and as favorable frequency trends reverse, we believe PGR should see some margin volatility and see the shares fairly valued at current levels $ 2017A 2018E 2019E EPS Curr. Curr." (8/15/2018)

Has Progressive been receiving favorable news coverage?

News coverage about PGR stock has trended somewhat positive this week, InfoTrie reports. 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 companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Progressive earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of Progressive's key competitors?

Some companies that are related to Progressive include Chubb (CB), American International Group (AIG), Tokio Marine (TKOMY), Travelers Companies (TRV), Allstate (ALL), Ms&Ad Insurance Group (MSADY), Hartford Financial Services Group (HIG), Markel (MKL), Loews (L), Cincinnati Financial (CINF), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Cna Financial (CNA), Arch Capital Group (ACGL), W. R. Berkley (WRB) and Alleghany (Y).

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. Jeffrey W. Basch, VP & Chief Accounting Officer (Age 60)

Who are Progressive's major shareholders?

Progressive's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.13%), Janus Henderson Group PLC (2.14%), Alliancebernstein L.P. (1.99%), JPMorgan Chase & Co. (1.88%), Bank of New York Mellon Corp (1.50%) and Renaissance Technologies LLC (1.46%). Company insiders that own Progressive stock include Jeffrey D Kelly, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, 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 Capital Research Global Investors, Thompson Siegel & Walmsley LLC, Alliancebernstein L.P., Eagle Asset Management Inc., OppenheimerFunds Inc., William Blair Investment Management LLC, Neuberger Berman Group LLC and Mitsubishi UFJ Trust & Banking Corp. 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, 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 purchased by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , BlackRock Inc., American Century Companies Inc., Renaissance Technologies LLC, Panagora Asset Management Inc., Deutsche Bank AG, FMR LLC and JPMorgan Chase & Co.. 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 $64.47.

How big of a company is Progressive?

Progressive has a market capitalization of $38.64 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.

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 ()
Outperform Votes:		374 (Vote Outperform)
Underperform Votes:		628 (Vote Underperform)
Total Votes:		1,002

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 11/20/2018 by MarketBeat.com Staff