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Progressive Stock Forecast, Price & News

$94.97
+0.38 (+0.40%)
(As of 11/29/2021 04:00 PM ET)
Add
Compare
Today's Range
$93.40
$95.62
50-Day Range
$90.01
$96.41
52-Week Range
$84.89
$107.58
Volume
2.13 million shs
Average Volume
2.74 million shs
Market Capitalization
$55.56 billion
P/E Ratio
13.78
Dividend Yield
0.42%
Beta
0.48
30 days | 90 days | 365 days | Advanced Chart
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Progressive logo

About Progressive

Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded on March 10, 1937 and is headquartered in Mayfield Village, OH.

Headlines

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Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
74331510
Employees
43,326
Year Founded
1937

Sales & Book Value

Annual Sales
$42.66 billion
Cash Flow
$8.21 per share
Book Value
$30.88 per share

Profitability

Net Income
$5.70 billion
Pretax Margin
10.97%

Debt

Price-To-Earnings

Miscellaneous

Free Float
582,899,000
Market Cap
$55.56 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
10/06/2021
Last Earnings
10/14/2021
Dividend Payable
10/15/2021
Today
11/29/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/26/2022

Social Links


MarketRank

Overall MarketRank

2.31 out of 5 stars

Finance Sector

434th out of 1,340 stocks

Fire, Marine, & Casualty Insurance Industry

34th out of 77 stocks

Analyst Opinion: 1.0Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -












Progressive (NYSE:PGR) Frequently Asked Questions

Is Progressive a buy 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, 4 hold ratings and 5 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.

How has Progressive's stock 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 shares have increased by 26.4% and is now trading at $94.97.
View which stocks have been most impacted by COVID-19
.

When is Progressive's next earnings date?

Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, January 26th 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, October, 14th. The insurance provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.22 by $0.08. The insurance provider earned $12.47 billion during the quarter, compared to analyst estimates of $12.33 billion. Progressive had a trailing twelve-month return on equity of 17.55% and a net margin of 8.74%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.59 EPS.
View Progressive's earnings history
.

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

Progressive declared a quarterly dividend on Monday, August 9th. Shareholders of record on Thursday, October 7th will be paid a dividend of $0.10 per share on Friday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Wednesday, October 6th.
View Progressive's dividend history
.

Is Progressive a good dividend stock?

Progressive pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.42%. Progressive does not yet have a strong track record of dividend growth. The dividend payout ratio of Progressive is 5.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Progressive will have a dividend payout ratio of 7.97% next year. This indicates that Progressive will be able to sustain or increase its dividend.
View Progressive's dividend history.

What price target have analysts set for PGR?

14 analysts have issued twelve-month price objectives for Progressive's stock. Their forecasts range from $81.00 to $123.00. On average, they anticipate Progressive's share price to reach $95.23 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
View analysts' price targets for Progressive
or view top-rated stocks among Wall Street analysts.

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.59%), Wellington Management Group LLP (4.70%), Massachusetts Financial Services Co. MA (2.80%), Geode Capital Management LLC (1.83%), Capital World Investors (1.51%) and Janus Henderson Group PLC (1.38%). Company insiders that own Progressive stock include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Michael D Sieger, 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 Invesco Ltd., Capital World Investors, GQG Partners LLC, Assetmark Inc., Boston Partners, Janus Henderson Group PLC, Mackenzie Financial Corp, and Martingale Asset Management L P. Company insiders that have sold Progressive company stock in the last year include Daniel P Mascaro, Dyke Kahina Van, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Michael D Sieger, Steven Broz, 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 Massachusetts Financial Services Co. MA, Marathon Asset Mgmt Ltd, Bank of New York Mellon Corp, London Co. of Virginia, Nordea Investment Management AB, Marshfield Associates, River Road Asset Management LLC, and Macquarie Group Ltd..
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 $94.97.

How much money does Progressive make?

Progressive has a market capitalization of $55.56 billion and generates $42.66 billion in revenue each year. The insurance provider earns $5.70 billion in net income (profit) each year or $6.89 on an earnings per share basis.

How many employees does Progressive have?

Progressive employs 43,326 workers across the globe.

Does Progressive have any subsidiaries?

The following companies are subsidiares of Progressive: 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 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 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., Sunshine Security Insurance Agency Inc., Trussville/Cahaba AL LLC, United Financial Casualty Company, Village Transport Corp., Wilson Mills Land Co., and e-Ins. LLC.

When was Progressive founded?

Progressive was founded in 1937.

What is Progressive's official website?

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

Where are Progressive's headquarters?

Progressive is headquartered at 6300 Wilson Mills Road, Mayfield Village OH, 44143.

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 or via fax at 440-446-7436.


This page was last updated on 11/29/2021 by MarketBeat.com Staff

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