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NYSE:PGR

Progressive Stock Forecast, Price & News

$94.15
+0.17 (+0.18 %)
(As of 09/29/2020 12:00 AM ET)
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Today's Range
$93.59
Now: $94.15▼
$94.77
50-Day Range
$88.83
MA: $92.88▼
$97.36
52-Week Range
$62.18
Now: $94.15▼
$97.81
Volume1.72 million shs
Average Volume3.21 million shs
Market Capitalization$55.12 billion
P/E Ratio12.65
Dividend Yield0.43%
Beta0.54
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 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; 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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Beat the Market (BTM) Rank™

Analyst Opinion: 2.2Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.62 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Current SymbolNYSE:PGR
Previous Symbol
CUSIP74331510
CIK80661
Webwww.progressive.com
Phone440-461-5000

Debt

Debt-to-Equity Ratio0.33
Current Ratio0.44
Quick Ratio0.44

Price-To-Earnings

Trailing P/E Ratio12.65
Forward P/E Ratio13.95
P/E Growth2.31

Sales & Book Value

Annual Sales$39.02 billion
Price / Sales1.41
Cash Flow$7.26 per share
Price / Cash Flow12.97
Book Value$22.54 per share
Price / Book4.18

Profitability

EPS (Most Recent Fiscal Year)$6.72
Net Income$3.97 billion
Net Margins10.85%
Return on Equity29.04%
Return on Assets7.35%

Miscellaneous

Employees41,571
Outstanding Shares585,397,000
Market Cap$55.12 billion
Next Earnings Date10/14/2020 (Confirmed)
OptionableOptionable
$94.15
+0.17 (+0.18 %)
(As of 09/29/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Progressive (NYSE:PGR) Frequently Asked Questions

How has Progressive's stock price 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 (WHO). Since then, PGR shares have increased by 25.3% and is now trading at $94.15.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Progressive?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 1 sell rating, 8 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Progressive.

When is Progressive's next earnings date?

Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, October 14th 2020.
View our earnings forecast for Progressive.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) released its quarterly earnings data on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.74 by $0.10. The insurance provider earned $10.14 billion during the quarter, compared to the consensus estimate of $9.72 billion. Progressive had a net margin of 10.85% and a return on equity of 29.04%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS.
View Progressive's earnings history.

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

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

What price target have analysts set for PGR?

15 equities research analysts have issued 12 month target prices for Progressive's stock. Their forecasts range from $72.00 to $115.00. On average, they anticipate Progressive's share price to reach $89.08 in the next year. This suggests that the stock has a possible downside of 5.4%.
View analysts' price targets for Progressive.

Are investors shorting Progressive?

Progressive saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,030,000 shares, a drop of 15.0% from the July 30th total of 8,270,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.2% of the company's shares are short sold.
View Progressive's Short Interest.

Who are some of Progressive's key competitors?

Some companies that are related to Progressive include Berkshire Hathaway (BRK.B), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), Axis Capital (AXS) and Hanover Insurance Group (THG).
View all competitors.

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).

Who are Progressive's key executives?

Progressive's management team includes the following 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)

What is Progressive's stock symbol?

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

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 $94.15.

How big of a company is Progressive?

Progressive has a market capitalization of $55.12 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. Progressive employs 41,571 workers across the globe.

What is Progressive's official website?

The official website for Progressive is 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.

This page was last updated on 9/30/2020 by MarketBeat.com Staff
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