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 announced a quarterly dividend on Friday, August 2nd. Stockholders of record on Monday, October 7th will be given a dividend of $0.10 per share on Tuesday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, October 4th. View Progressive's Dividend History.
How were Progressive's earnings last quarter?
Progressive Corp (NYSE:PGR) issued its quarterly earnings data on Wednesday, October, 16th. The insurance provider reported $1.42 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.33 by $0.09. The insurance provider had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.66 billion. Progressive had a net margin of 8.69% and a return on equity of 25.83%. The firm's revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. View Progressive's Earnings History.
When is Progressive's next earnings date?
What price target have analysts set for PGR?
11 brokers have issued 1 year price objectives for Progressive's stock. Their forecasts range from $59.00 to $96.00. On average, they anticipate Progressive's share price to reach $82.82 in the next year. This suggests a possible upside of 18.3% 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 stories about PGR stock have trended very negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Progressive earned a coverage optimism score of -3.9 on InfoTrie's scale. They also assigned media stories about the insurance provider a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the next several days. 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 daily volume of 2,890,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the shares of the stock are short sold. View Progressive's Current Options Chain.
Who are some of Progressive's key competitors?
Some companies that are related to Progressive include Berkshire Hathaway (BRK.B), Travelers Companies (TRV), Allstate (ALL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), Markel (MKL), W. R. Berkley (WRB), Cna Financial (CNA), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Old Republic International (ORI), First American Financial (FAF), Hanover Insurance Group (THG), Axis Capital (AXS) and Assured Guaranty (AGO).
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 a variety of of institutional and retail investors. Top institutional shareholders 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 major 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., Zurcher Kantonalbank Zurich Cantonalbank , Gateway Investment Advisers LLC and Nisa Investment Advisors LLC. 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 major investors are buying Progressive stock?
PGR stock was acquired 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 $70.00.
How big of a company is Progressive?
Progressive has a market capitalization of $40.93 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.
