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.
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Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Phone440-461-5000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$31.98 billion
Profitability
Miscellaneous
Employees37,346
Next Earnings Date1/22/2020 (Estimated)
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 a quarterly dividend on Friday, August 2nd. Investors of record on Monday, October 7th will be paid a dividend of $0.10 per share on Tuesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, October 4th. View Progressive's Dividend History.
How were Progressive's earnings last quarter?
Progressive Corp (NYSE:PGR) announced its earnings results on Wednesday, October, 16th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.33 by $0.09. The insurance provider earned $9.62 billion during the quarter, compared to analyst estimates of $9.66 billion. Progressive had a net margin of 9.19% and a return on equity of 28.12%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. View Progressive's Earnings History.
When is Progressive's next earnings date?
What price target have analysts set for PGR?
11 Wall Street analysts have issued twelve-month price targets for Progressive's stock. Their forecasts range from $59.00 to $96.00. On average, they expect Progressive's stock price to reach $82.73 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for Progressive.
What is the consensus analysts' recommendation for Progressive?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 5 hold ratings and 6 buy ratings 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. Wells Fargo & Co analysts commented, "We are increasing our 2019 EPS estimate to $5.50 from $5.45 to reflect the earnings beat, partially offset by lower premium growth. We are lowering our 2020 EPS estimate to $5.70 from $5.75 and we are maintaining our 2021 EPS estimate of $6.10. Our price target is unchanged at $81. The shares traded down today likely as the slowdown in premium written more than overshadowed the EPS beat." (8/15/2019)
- 2. According to Zacks Investment Research, "Shares of Progressive have outperformed the industry year to date. Focus to become a one-stop insurance destination catering to customers opting for a combination of home and auto insurance bodes well for long-term growth. Leadership in product, service and distribution innovation, especially in personal auto bodes well for long term growth. 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 its business. It focuses on paying back its shareholders via dividends as well as share repurchases. However, the company’s growth could be challenged by intense competition. Exposure to catastrophe events induces volatility to its underwriting results while escalating expenses weighing on margin expansion remain headwinds." (5/27/2019)
Has Progressive been receiving favorable news coverage?
News coverage about PGR stock has been trending somewhat negative recently, InfoTrie reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Progressive earned a news impact score of -1.4 on InfoTrie's scale. They also assigned headlines about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Progressive.
Are investors shorting Progressive?
Progressive saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,170,000 shares, an increase of 6.2% from the August 30th total of 5,810,000 shares. Based on an average trading volume of 2,890,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.1% of the shares of the stock are sold short. View Progressive's Current Options Chain.
Who are some of Progressive's key competitors?
Some companies that are related to Progressive include Chubb (CB), American International Group (AIG), Travelers Companies (TRV), Tokio Marine (TKOMY), Allstate (ALL), Hartford Financial Services Group (HIG), Cincinnati Financial (CINF), Ms&Ad Insurance Group (MSADY), Arch Capital Group (ACGL), Markel (MKL), Loews (L), W. R. Berkley (WRB), Cna Financial (CNA), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF) and Alleghany (Y).
What other stocks do shareholders of Progressive own?
Who are Progressive's key executives?
Progressive's management team includes the folowing 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)
Who are Progressive's major shareholders?
Progressive's stock is owned by many different of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.25%), Bristol John W & Co. Inc. NY (0.24%), Robeco Institutional Asset Management B.V. (0.18%), Hexavest Inc. (0.16%), Artemis Investment Management LLP (0.15%) and Ferguson Wellman Capital Management Inc. (0.10%). Company insiders that own Progressive stock include Barbara R Snyder, Dyke Kahina Van, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Susan Patricia Griffith 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 Atalanta Sosnoff Capital LLC, Robeco Institutional Asset Management B.V., Confluence Investment Management LLC, Berkshire Asset Management LLC PA, Hexavest Inc., Gateway Investment Advisers LLC, Nisa Investment Advisors LLC and Rothschild Investment Corp IL. Company insiders that have sold Progressive company stock in the last year include 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 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 Artemis Investment Management LLP, Fulton Breakefield Broenniman LLC, Cim LLC, Envestnet Asset Management Inc., Genesee Capital Advisors LLC, State of Alaska Department of Revenue, Bristol John W & Co. Inc. NY and Cohen Klingenstein LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Progressive's stock price today?
One share of PGR stock can currently be purchased for approximately $72.03.
How big of a company is Progressive?
Progressive has a market capitalization of $42.11 billion and generates $31.98 billion in revenue each year. The insurance provider earns $2.62 billion in net income (profit) each year or $4.42 on an earnings per share basis. Progressive employs 37,346 workers across the globe.View Additional Information About Progressive.
What is Progressive's official website?
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.
