NYSE:PGR

The Progressive Stock Forecast, Price & News

$100.40
+3.22 (+3.31 %)
(As of 04/15/2021 12:00 AM ET)
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Today's Range
$97.51
Now: $100.40
$101.49
50-Day Range
$85.95
MA: $92.48
$97.29
52-Week Range
$71.25
Now: $100.40
$102.05
Volume4.48 million shs
Average Volume2.98 million shs
Market Capitalization$58.75 billion
P/E Ratio11.66
Dividend Yield0.41%
Beta0.45
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property 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 long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homes, condos, manufactured homes, 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; and acts as an agent to place business owner's policies, general and professional liability, and workers' compensation insurance. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
The Progressive logo

Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74331510
Phone440-461-5000
Employees43,326
Year Founded1937

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.02 billion
Cash Flow$7.75 per share
Book Value$22.54 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Market Cap$58.75 billion
Next Earnings Date7/21/2021 (Estimated)
OptionableOptionable

Headlines

The Progressive Corporation On Track For Growth
March 17, 2021 |  marketbeat.com
Progressive Q1 Earnings Rise, Above Estimates
April 15, 2021 |  nasdaq.com
Progressive Reports March 2021 Results
April 15, 2021 |  finance.yahoo.com
Recap: Progressive Q1 Earnings
April 15, 2021 |  benzinga.com
Progressive's Earnings: A Preview
April 14, 2021 |  benzinga.com
Progressive Q1 2021 Earnings Preview
April 14, 2021 |  seekingalpha.com
The Progressive (PGR) Scheduled to Post Earnings on Thursday
April 14, 2021 |  americanbankingnews.com
Why You Should Hold Progressive (PGR) in Your Portfolio
April 13, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.52 out of 5 stars

Finance Sector

621st out of 1,955 stocks

Fire, Marine, & Casualty Insurance Industry

34th out of 91 stocks

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$100.40
+3.22 (+3.31 %)
(As of 04/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Progressive (NYSE:PGR) Frequently Asked Questions

Is The Progressive a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Progressive in the last year. There are currently 3 sell ratings, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" The 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 The Progressive
or view top-rated stocks.

What stocks does MarketBeat like better than The Progressive?

Wall Street analysts have given The Progressive a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Progressive wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is The Progressive's next earnings date?

The Progressive is scheduled to release its next quarterly earnings announcement on Tuesday, May 18th 2021.
View our earnings forecast for The Progressive
.

How were The Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) posted its earnings results on Wednesday, April, 14th. The insurance provider reported $1.72 earnings per share for the quarter, meeting analysts' consensus estimates of $1.72. The insurance provider earned $11.73 billion during the quarter, compared to analysts' expectations of $11.24 billion. The Progressive had a trailing twelve-month return on equity of 28.89% and a net margin of 12.13%. The firm's revenue was up 18.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS.
View The Progressive's earnings history
.

How has The Progressive's stock price been impacted by COVID-19 (Coronavirus)?

The Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PGR shares have increased by 33.7% and is now trading at $100.40.
View which stocks have been most impacted by COVID-19
.

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

The Progressive announced a quarterly dividend on Friday, March 5th. Investors of record on Wednesday, April 7th will be paid a dividend of $0.10 per share on Thursday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Tuesday, April 6th.
View The Progressive's dividend history
.

Is The Progressive a good dividend stock?

The Progressive pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.41%. The dividend payout ratio of The Progressive is 5.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Progressive will have a dividend payout ratio of 7.25% next year. This indicates that The Progressive will be able to sustain or increase its dividend.
View The Progressive's dividend history.

What price target have analysts set for PGR?

15 Wall Street analysts have issued 12-month price objectives for The Progressive's shares. Their forecasts range from $87.00 to $115.00. On average, they anticipate The Progressive's stock price to reach $97.08 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
View analysts' price targets for The Progressive
or view top-rated stocks among Wall Street analysts.

Who are The Progressive's key executives?

The Progressive's management team includes the following people:
  • Ms. Susan Patricia Griffith, Pres, CEO & Director (Age 57, Pay $5.04M) (LinkedIn Profile)
  • Mr. John Peter Sauerland, VP & CFO (Age 57, Pay $2.38M) (LinkedIn Profile)
  • Mr. Patrick K. Callahan, Pres of Personal Lines (Age 51, Pay $1.85M) (LinkedIn Profile)
  • Mr. Jonathan S. Bauer, Chief Investment Officer (Age 43)
  • Ms. Mariann Wojtkun Marshall, VP, Chief Accounting Officer & Assistant Sec. (Age 59)
  • Mr. Steven Anthony Broz, Chief Information Officer (Age 51) (LinkedIn Profile)
  • Ms. Julia Hornack, Investor Relations Contact
  • Mr. Daniel Peter Mascaro, VP, Chief Legal Officer & Sec. (Age 58) (LinkedIn Profile)
  • Mr. M. Jeffrey Charney, Chief Marketing Officer (Age 62) (LinkedIn Profile)
  • Ms. Lori Niederst, Chief Human Resource Officer (Age 48) (LinkedIn Profile)

What is Tricia Griffith's approval rating as The Progressive's CEO?

985 employees have rated The Progressive CEO Tricia Griffith on Glassdoor.com. Tricia Griffith has an approval rating of 93% among The Progressive's employees. This puts Tricia Griffith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of The Progressive's key competitors?

What other stocks do shareholders of The Progressive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Progressive investors own include Cisco Systems (CSCO), The Walt Disney (DIS), CVS Health (CVS), Intel (INTC), The Home Depot (HD), AT&T (T), UnitedHealth Group (UNH), Mastercard (MA), Pfizer (PFE) and Alibaba Group (BABA).

What is The Progressive's stock symbol?

The Progressive trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGR."

Who are The Progressive's major shareholders?

The Progressive's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.23%), Metropolis Capital Ltd (0.21%), Royal London Asset Management Ltd. (0.19%), Scharf Investments LLC (0.17%), Chicago Capital LLC (0.11%) and Fulton Breakefield Broenniman LLC (0.05%). Company insiders that own The Progressive stock include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends for The Progressive
.

Which institutional investors are selling The Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Scharf Investments LLC, Confluence Investment Management LLC, Retirement Systems of Alabama, CX Institutional, Selective Wealth Management Inc., Private Trust Co. NA, Pacer Advisors Inc., and State of Alaska Department of Revenue. Company insiders that have sold The Progressive company stock in the last year include Andrew J Quigg, Daniel P Mascaro, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Stuart B Burgdoerfer, and Susan Patricia Griffith.
View insider buying and selling activity for The Progressive
or view top insider-selling stocks.

Which institutional investors are buying The Progressive stock?

PGR stock was bought by a variety of institutional investors in the last quarter, including Metropolis Capital Ltd, Fulton Breakefield Broenniman LLC, Hexavest Inc., Chicago Capital LLC, Royal London Asset Management Ltd., Carnegie Capital Asset Management LLC, Richard P Slaughter Associates Inc, and Rothschild Investment Corp IL.
View insider buying and selling activity for The Progressive
or or view top insider-buying stocks.

How do I buy shares of The 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 The Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $100.40.

How much money does The Progressive make?

The Progressive has a market capitalization of $58.75 billion and generates $39.02 billion in revenue each year. The insurance provider earns $3.97 billion in net income (profit) each year or $6.72 on an earnings per share basis.

How many employees does The Progressive have?

The Progressive employs 43,326 workers across the globe.

Does The Progressive have any subsidiaries?

The following companies are subsidiares of The 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 The Progressive founded?

The Progressive was founded in 1937.

What is The Progressive's official website?

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

Where are The Progressive's headquarters?

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

How can I contact The Progressive?

The 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.


This page was last updated on 4/16/2021 by MarketBeat.com Staff
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